Versus: 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.
Versus
Largest movements
- Tangible fixed assets +€130,034
up €130,034 (+1799.2%), from €7,227 to €137,261
of which Other tangible fixed assets: +€128,648
- Receivables within one year +€46,312
up €46,312 (+13.8%), from €334,889 to €381,201
of which Other amounts receivable: +€91,268
- Cash -€31,263
down €31,263 (-23.5%), from €132,928 to €101,665
mainly Investment in fixed assets (net) (-€134,349) and Provisions (-€75,000)
- Deferred charges and accrued income +€10,515
up €10,515 (+35.5%), from €29,609 to €40,124
- Debts after one year +€129,155
new in 2025: €129,155
- Provisions -€75,000
no longer reported in 2025 (was €75,000)
- Trade debts +€67,587
up €67,587 (+77.9%), from €86,790 to €154,378
- Other debts +€42,007
up €42,007 (+1241.1%), from €3,385 to €45,391
- Tax, wage and social debts -€29,151
down €29,151 (-32.5%), from €89,628 to €60,477
of which Taxes: -€26,988
- Gross operating margin -€227,873
down €227,873 (-42.1%), from €541,220 to €313,347
- Provisions -€90,000
down €90,000, from €15,000 to -€75,000
- Taxes -€55,935
down €55,935 (-61.1%), from €91,578 to €35,642
- Staff costs +€34,322
up €34,322 (+14.3%), from €240,005 to €274,327
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 | €608,019 | €765,134 | +€157,115 | +25.8% |
| Fixed assets | 21/28 | €7,829 | €137,863 | +€130,034 | +1660.9% |
| Tangible fixed assets | 22/27 | €7,227 | €137,261 | +€130,034 | +1799.2% |
| Plant, machinery and equipment | 23 | €1,040 | €1,936 | +€896 | +86.2% |
| Furniture and vehicles | 24 | €5,194 | €5,684 | +€490 | +9.4% |
| Other tangible fixed assets | 26 | €994 | €129,642 | +€128,648 | +12942.8% |
| Financial fixed assets | 28 | €601 | €601 | = | 0.0% |
| Current assets | 29/58 | €600,190 | €627,271 | +€27,081 | +4.5% |
| Amounts receivable within one year | 40/41 | €334,889 | €381,201 | +€46,312 | +13.8% |
| Trade receivables | 40 | €331,522 | €286,567 | -€44,955 | -13.6% |
| Other amounts receivable | 41 | €3,367 | €94,634 | +€91,268 | +2710.7% |
| Current investments | 50/53 | €102,764 | €104,281 | +€1,516 | +1.5% |
| Cash at bank and in hand | 54/58 | €132,928 | €101,665 | -€31,263 | -23.5% |
| Deferred charges and accrued income | 490/1 | €29,609 | €40,124 | +€10,515 | +35.5% |
| Total equity and liabilities | 10/49 | €608,019 | €765,134 | +€157,115 | +25.8% |
| Equity | 10/15 | €352,877 | €375,533 | +€22,656 | +6.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €332,877 | €355,533 | +€22,656 | +6.8% |
| Distributable reserves | 133 | €332,877 | €355,533 | +€22,656 | +6.8% |
| Provisions and deferred taxes | 16 | €75,000 | - | -€75,000 | |
| Provisions for liabilities and charges | 160/5 | €75,000 | - | -€75,000 | |
| Major repairs and maintenance | 162 | €75,000 | - | -€75,000 | |
| Amounts payable | 17/49 | €180,141 | €389,601 | +€209,459 | +116.3% |
| Amounts payable after more than one year | 17 | - | €129,155 | +€129,155 | |
| Financial debts | 170/4 | - | €129,155 | +€129,155 | |
| Amounts payable within one year | 42/48 | €179,803 | €260,246 | +€80,443 | +44.7% |
| Trade debts | 44 | €86,790 | €154,378 | +€67,587 | +77.9% |
| Suppliers | 440/4 | €86,790 | €154,378 | +€67,587 | +77.9% |
| Taxes, remuneration and social security | 45 | €89,628 | €60,477 | -€29,151 | -32.5% |
| Taxes | 450/3 | €70,819 | €43,831 | -€26,988 | -38.1% |
| Remuneration and social security | 454/9 | €18,809 | €16,646 | -€2,164 | -11.5% |
| Other amounts payable | 47/48 | €3,385 | €45,391 | +€42,007 | +1241.1% |
| Accrued charges and deferred income | 492/3 | €338 | €200 | -€138 | -40.9% |
| Remuneration, social security and pensions | 62 | €240,005 | €274,327 | +€34,322 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,454 | €4,315 | +€861 | +24.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,000 | -€75,000 | -€90,000 | |
| Other operating charges | 640/8 | €1,409 | €1,355 | -€54 | -3.8% |
| Gross operating margin | 9900 | €541,220 | €313,347 | -€227,873 | -42.1% |
| Operating profit (loss) | 9901 | €281,352 | €108,349 | -€173,002 | -61.5% |
| Financial income | 75/76B | €3,433 | €4,366 | +€934 | +27.2% |
| Recurring financial income | 75 | €3,433 | €4,366 | +€934 | +27.2% |
| Financial charges | 65/66B | €6,652 | €9,026 | +€2,374 | +35.7% |
| Recurring financial charges | 65 | €6,652 | €9,026 | +€2,374 | +35.7% |
| Profit (loss) for the period before taxes | 9903 | €278,132 | €103,689 | -€174,443 | -62.7% |
| Income taxes | 67/77 | €91,578 | €35,642 | -€55,935 | -61.1% |
| Profit (loss) for the period | 9904 | €186,555 | €68,047 | -€118,508 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €186,555 | €68,047 | -€118,508 | -63.5% |
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 29 September 2026 via checked.be.