VISUAL AFFAIRS: 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.
VISUAL AFFAIRS
Largest movements
- Tangible fixed assets +€20,006
up €20,006 (+31.5%), from €63,418 to €83,424
of which Furniture and vehicles: +€30,807
- Receivables within one year -€1,258
down €1,258 (-7.0%), from €17,884 to €16,625
of which Trade receivables: -€1,372
- Other debts +€22,527
up €22,527 (+824.3%), from €2,733 to €25,260
- Short-term financial debts -€4,878
down €4,878 (-96.7%), from €5,045 to €167
- Reserves +€4,381
up €4,381 (+9.5%), from €46,081 to €50,462
of which Distributable reserves: +€4,381
- Debts after one year -€4,120
down €4,120 (-100.0%), from €4,120 to €0
- Profit (loss) carried forward +€3,597
up €3,597, from -€3,597 to €0
- Gross operating margin +€41,069
up €41,069 (+241.3%), from €17,023 to €58,092
- Depreciation +€2,363
up €2,363 (+11.0%), from €21,565 to €23,929
- Financial charges +€788
up €788 (+103.2%), from €764 to €1,553
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 | €85,507 | €105,216 | +€19,709 | +23.0% |
| Fixed assets | 21/28 | €63,418 | €83,424 | +€20,006 | +31.5% |
| Tangible fixed assets | 22/27 | €63,418 | €83,424 | +€20,006 | +31.5% |
| Plant, machinery and equipment | 23 | €55,229 | €41,700 | -€13,530 | -24.5% |
| Furniture and vehicles | 24 | €7,649 | €38,456 | +€30,807 | +402.7% |
| Other tangible fixed assets | 26 | €539 | €3,268 | +€2,729 | +506.1% |
| Current assets | 29/58 | €22,089 | €21,792 | -€297 | -1.3% |
| Amounts receivable within one year | 40/41 | €17,884 | €16,625 | -€1,258 | -7.0% |
| Trade receivables | 40 | €16,183 | €14,811 | -€1,372 | -8.5% |
| Other amounts receivable | 41 | €1,700 | €1,814 | +€114 | +6.7% |
| Cash at bank and in hand | 54/58 | €25 | €7 | -€19 | -73.3% |
| Deferred charges and accrued income | 490/1 | €4,180 | €5,160 | +€980 | +23.4% |
| Total equity and liabilities | 10/49 | €85,507 | €105,216 | +€19,709 | +23.0% |
| Equity | 10/15 | €48,684 | €56,662 | +€7,977 | +16.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,081 | €50,462 | +€4,381 | +9.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €46,081 | €50,462 | +€4,381 | +9.5% |
| Profit (loss) carried forward | 14 | -€3,597 | €0 | +€3,597 | |
| Amounts payable | 17/49 | €36,823 | €48,554 | +€11,731 | +31.9% |
| Amounts payable after more than one year | 17 | €4,120 | €0 | -€4,120 | -100.0% |
| Financial debts | 170/4 | €4,120 | €0 | -€4,120 | -100.0% |
| Amounts payable within one year | 42/48 | €32,262 | €48,254 | +€15,992 | +49.6% |
| Current portion of amounts payable after more than one year | 42 | €8,058 | €8,179 | +€121 | +1.5% |
| Financial debts | 43 | €5,045 | €167 | -€4,878 | -96.7% |
| Credit institutions | 430/8 | €5,045 | €167 | -€4,878 | -96.7% |
| Trade debts | 44 | €4,491 | €4,095 | -€397 | -8.8% |
| Suppliers | 440/4 | €4,491 | €4,095 | -€397 | -8.8% |
| Taxes, remuneration and social security | 45 | €11,935 | €10,554 | -€1,381 | -11.6% |
| Taxes | 450/3 | €5,666 | €7,646 | +€1,980 | +34.9% |
| Remuneration and social security | 454/9 | €6,268 | €2,908 | -€3,360 | -53.6% |
| Other amounts payable | 47/48 | €2,733 | €25,260 | +€22,527 | +824.3% |
| Accrued charges and deferred income | 492/3 | €441 | €300 | -€141 | -32.0% |
| Non-recurring operating income | 76A | - | €4,516 | +€4,516 | |
| Remuneration, social security and pensions | 62 | €22,106 | €22,593 | +€486 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,565 | €23,929 | +€2,363 | +11.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,647 | €1,090 | -€557 | -33.8% |
| Non-recurring operating charges | 66A | €0 | €150 | +€150 | |
| Gross operating margin | 9900 | €17,023 | €58,092 | +€41,069 | +241.3% |
| Operating profit (loss) | 9901 | -€28,297 | €10,331 | +€38,627 | |
| Financial income | 75/76B | €0 | €86 | +€86 | |
| Recurring financial income | 75 | €0 | €86 | +€86 | |
| Financial charges | 65/66B | €764 | €1,553 | +€788 | +103.2% |
| Recurring financial charges | 65 | €764 | €1,553 | +€788 | +103.2% |
| Profit (loss) for the period before taxes | 9903 | -€29,061 | €8,864 | +€37,925 | |
| Income taxes | 67/77 | €669 | €887 | +€218 | +32.6% |
| Profit (loss) for the period | 9904 | -€29,730 | €7,977 | +€37,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,730 | €7,977 | +€37,707 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.