VRSION PRO: what changed
Two financial 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.
VRSION PRO
Largest movements
- Tangible fixed assets +€44,189
up €44,189 (+202.5%), from €21,824 to €66,013
- Receivables within one year -€27,110
down €27,110 (-48.2%), from €56,247 to €29,137
of which Trade receivables: -€20,842
- Cash -€20,772
no longer reported in 2025 (was €20,772)
mainly Investment in fixed assets (net) (-€67,112) and Net result for the year (-€27,723)
- Financial fixed assets +€3,450
new in 2025: €3,450
- Deferred charges and accrued income -€1,417
down €1,417 (-60.3%), from €2,350 to €933
- Short-term financial debts +€40,800
new in 2025: €40,800
- Profit (loss) carried forward -€27,723
down €27,723 (-81.2%), from €34,123 to €6,400
- Debts after one year -€9,758
down €9,758 (-31.8%), from €30,685 to €20,927
- Tax, wage and social debts -€4,048
down €4,048 (-17.6%), from €23,002 to €18,954
of which Taxes: -€9,956
- Gross operating margin -€29,085
down €29,085 (-43.0%), from €67,694 to €38,610
- Depreciation +€15,442
up €15,442 (+383.0%), from €4,031 to €19,473
- Taxes -€5,141
no longer reported in 2025 (was €5,141)
- Financial charges +€4,643
up €4,643 (+1146.2%), from €405 to €5,048
- Staff costs +€2,011
up €2,011 (+5.0%), from €40,536 to €42,547
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 | €101,193 | €99,533 | -€1,660 | -1.6% |
| Fixed assets | 21/28 | €21,824 | €69,463 | +€47,639 | +218.3% |
| Tangible fixed assets | 22/27 | €21,824 | €66,013 | +€44,189 | +202.5% |
| Furniture and vehicles | 24 | €21,824 | €66,013 | +€44,189 | +202.5% |
| Financial fixed assets | 28 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €79,369 | €30,070 | -€49,299 | -62.1% |
| Amounts receivable within one year | 40/41 | €56,247 | €29,137 | -€27,110 | -48.2% |
| Trade receivables | 40 | €41,062 | €20,220 | -€20,842 | -50.8% |
| Other amounts receivable | 41 | €15,185 | €8,917 | -€6,269 | -41.3% |
| Cash at bank and in hand | 54/58 | €20,772 | - | -€20,772 | |
| Deferred charges and accrued income | 490/1 | €2,350 | €933 | -€1,417 | -60.3% |
| Total equity and liabilities | 10/49 | €101,193 | €99,533 | -€1,660 | -1.6% |
| Equity | 10/15 | €36,123 | €8,400 | -€27,723 | -76.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,123 | €6,400 | -€27,723 | -81.2% |
| Amounts payable | 17/49 | €65,070 | €91,133 | +€26,063 | +40.1% |
| Amounts payable after more than one year | 17 | €30,685 | €20,927 | -€9,758 | -31.8% |
| Financial debts | 170/4 | €30,685 | €20,927 | -€9,758 | -31.8% |
| Amounts payable within one year | 42/48 | €34,385 | €70,206 | +€35,821 | +104.2% |
| Current portion of amounts payable after more than one year | 42 | €9,315 | €9,758 | +€442 | +4.7% |
| Financial debts | 43 | - | €40,800 | +€40,800 | |
| Credit institutions | 430/8 | - | €40,800 | +€40,800 | |
| Trade debts | 44 | €1,388 | €695 | -€693 | -49.9% |
| Suppliers | 440/4 | €1,388 | €695 | -€693 | -49.9% |
| Taxes, remuneration and social security | 45 | €23,002 | €18,954 | -€4,048 | -17.6% |
| Taxes | 450/3 | €17,507 | €7,551 | -€9,956 | -56.9% |
| Remuneration and social security | 454/9 | €5,494 | €11,402 | +€5,908 | +107.5% |
| Other amounts payable | 47/48 | €680 | - | -€680 | |
| Remuneration, social security and pensions | 62 | €40,536 | €42,547 | +€2,011 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,031 | €19,473 | +€15,442 | +383.0% |
| Gross operating margin | 9900 | €67,694 | €38,610 | -€29,085 | -43.0% |
| Operating profit (loss) | 9901 | €23,127 | -€23,410 | -€46,538 | |
| Financial income | 75/76B | €84 | €735 | +€651 | +775.5% |
| Recurring financial income | 75 | €84 | €735 | +€651 | +775.5% |
| Financial charges | 65/66B | €405 | €5,048 | +€4,643 | +1146.2% |
| Recurring financial charges | 65 | €405 | €5,048 | +€4,643 | +1146.2% |
| Profit (loss) for the period before taxes | 9903 | €22,806 | -€27,723 | -€50,530 | |
| Income taxes | 67/77 | €5,141 | - | -€5,141 | |
| Profit (loss) for the period | 9904 | €17,665 | -€27,723 | -€45,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,665 | -€27,723 | -€45,388 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.