V2-accounting: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
V2-accounting
Largest movements
- Receivables after one year +€65,000
new in 2025: €65,000
- Current investments +€23,127
new in 2025: €23,127
- Cash -€18,853
down €18,853 (-4.4%), from €424,157 to €405,304
mainly Receivables after one year (-€65,000) and Current investments (-€23,127)
- Receivables within one year +€8,797
up €8,797 (+39.6%), from €22,237 to €31,034
of which Trade receivables: +€12,797
- Tangible fixed assets -€5,606
down €5,606 (-20.1%), from €27,884 to €22,278
of which Furniture and vehicles: -€10,078
- Other debts +€56,114
up €56,114 (+449.7%), from €12,479 to €68,593
- Tax, wage and social debts +€6,997
up €6,997 (+96.3%), from €7,263 to €14,261
of which Remuneration and social security: +€4,045
- Reserves +€6,887
up €6,887 (+1.5%), from €453,780 to €460,667
- Financial charges +€3,700
up €3,700 (+1201.6%), from €308 to €4,008
- Other operating charges -€2,961
down €2,961 (-64.3%), from €4,605 to €1,644
- Financial income +€2,330
up €2,330 (+139.5%), from €1,671 to €4,001
- Gross operating margin -€2,057
down €2,057 (-7.8%), from €26,333 to €24,276
- Depreciation -€580
down €580 (-4.7%), from €12,361 to €11,781
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €474,277 | €548,219 | +€73,941 | +15.6% |
| Fixed assets | 21/28 | €27,884 | €22,278 | -€5,606 | -20.1% |
| Tangible fixed assets | 22/27 | €27,884 | €22,278 | -€5,606 | -20.1% |
| Land and buildings | 22 | €1,663 | €1,109 | -€554 | -33.3% |
| Plant, machinery and equipment | 23 | €0 | €5,026 | +€5,026 | |
| Furniture and vehicles | 24 | €26,221 | €16,143 | -€10,078 | -38.4% |
| Current assets | 29/58 | €446,394 | €525,941 | +€79,547 | +17.8% |
| Amounts receivable after more than one year | 29 | - | €65,000 | +€65,000 | |
| Other amounts receivable | 291 | - | €65,000 | +€65,000 | |
| Amounts receivable within one year | 40/41 | €22,237 | €31,034 | +€8,797 | +39.6% |
| Trade receivables | 40 | €18,237 | €31,034 | +€12,797 | +70.2% |
| Other amounts receivable | 41 | €4,000 | €0 | -€4,000 | -100.0% |
| Current investments | 50/53 | - | €23,127 | +€23,127 | |
| Cash at bank and in hand | 54/58 | €424,157 | €405,304 | -€18,853 | -4.4% |
| Deferred charges and accrued income | 490/1 | - | €1,476 | +€1,476 | |
| Total equity and liabilities | 10/49 | €474,277 | €548,219 | +€73,941 | +15.6% |
| Equity | 10/15 | €454,030 | €460,917 | +€6,887 | +1.5% |
| Contributions | 10/11 | €250 | €250 | = | 0.0% |
| Reserves | 13 | €453,780 | €460,667 | +€6,887 | +1.5% |
| Distributable reserves | 133 | €453,780 | €460,667 | +€6,887 | +1.5% |
| Amounts payable | 17/49 | €20,248 | €87,301 | +€67,054 | +331.2% |
| Amounts payable within one year | 42/48 | €20,074 | €83,531 | +€63,457 | +316.1% |
| Trade debts | 44 | €331 | €677 | +€346 | +104.4% |
| Suppliers | 440/4 | €331 | €677 | +€346 | +104.4% |
| Taxes, remuneration and social security | 45 | €7,263 | €14,261 | +€6,997 | +96.3% |
| Taxes | 450/3 | €7,263 | €10,216 | +€2,953 | +40.6% |
| Remuneration and social security | 454/9 | - | €4,045 | +€4,045 | |
| Other amounts payable | 47/48 | €12,479 | €68,593 | +€56,114 | +449.7% |
| Accrued charges and deferred income | 492/3 | €174 | €3,771 | +€3,597 | +2070.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,361 | €11,781 | -€580 | -4.7% |
| Other operating charges | 640/8 | €4,605 | €1,644 | -€2,961 | -64.3% |
| Gross operating margin | 9900 | €26,333 | €24,276 | -€2,057 | -7.8% |
| Operating profit (loss) | 9901 | €9,366 | €10,851 | +€1,484 | +15.8% |
| Financial income | 75/76B | €1,671 | €4,001 | +€2,330 | +139.5% |
| Recurring financial income | 75 | €1,671 | €4,001 | +€2,330 | +139.5% |
| Financial charges | 65/66B | €308 | €4,008 | +€3,700 | +1201.6% |
| Recurring financial charges | 65 | €308 | €4,008 | +€3,700 | +1201.6% |
| Profit (loss) for the period before taxes | 9903 | €10,729 | €10,843 | +€114 | +1.1% |
| Income taxes | 67/77 | €4,228 | €3,956 | -€272 | -6.4% |
| Profit (loss) for the period | 9904 | €6,501 | €6,887 | +€386 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €6,501 | €6,887 | +€386 | +5.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.