WHY NOW: 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.
WHY NOW
Largest movements
- Deferred charges and accrued income +€8,361
up €8,361 (+742.7%), from €1,126 to €9,486
- Stocks and contracts -€5,720
down €5,720 (-12.0%), from €47,564 to €41,845
- Tangible fixed assets +€3,318
up €3,318 (+9.0%), from €36,711 to €40,030
of which Furniture and vehicles: +€4,928
- Financial fixed assets +€2,200
new in 2025: €2,200
- Trade debts +€15,658
up €15,658 (+230.5%), from €6,794 to €22,452
- Other debts -€7,725
down €7,725 (-98.2%), from €7,862 to €138
- Profit (loss) carried forward -€5,819
down €5,819 (-63.4%), from €9,171 to €3,352
- Debts after one year +€2,892
up €2,892 (+13.6%), from €21,209 to €24,100
- Advances received +€2,750
up €2,750 (+12.4%), from €22,139 to €24,890
- Staff costs +€7,188
up €7,188 (+57.0%), from €12,603 to €19,791
- Depreciation -€3,630
down €3,630 (-45.4%), from €7,990 to €4,360
- Gross operating margin -€2,593
down €2,593 (-9.9%), from €26,169 to €23,576
- Write-downs -€1,239
new in 2025: -€1,239
- Financial charges +€1,161
up €1,161 (+28.9%), from €4,022 to €5,183
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 | €122,013 | €130,719 | +€8,706 | +7.1% |
| Fixed assets | 21/28 | €36,711 | €42,230 | +€5,518 | +15.0% |
| Tangible fixed assets | 22/27 | €36,711 | €40,030 | +€3,318 | +9.0% |
| Plant, machinery and equipment | 23 | €11,711 | €10,101 | -€1,610 | -13.7% |
| Furniture and vehicles | 24 | €25,001 | €29,929 | +€4,928 | +19.7% |
| Financial fixed assets | 28 | - | €2,200 | +€2,200 | |
| Current assets | 29/58 | €85,302 | €88,490 | +€3,188 | +3.7% |
| Stocks and contracts in progress | 3 | €47,564 | €41,845 | -€5,720 | -12.0% |
| Stocks | 30/36 | €47,564 | €41,845 | -€5,720 | -12.0% |
| Amounts receivable within one year | 40/41 | €621 | €664 | +€43 | +6.8% |
| Trade receivables | 40 | €235 | €664 | +€429 | +182.5% |
| Other amounts receivable | 41 | €386 | - | -€386 | |
| Cash at bank and in hand | 54/58 | €35,990 | €36,495 | +€505 | +1.4% |
| Deferred charges and accrued income | 490/1 | €1,126 | €9,486 | +€8,361 | +742.7% |
| Total equity and liabilities | 10/49 | €122,013 | €130,719 | +€8,706 | +7.1% |
| Equity | 10/15 | €24,171 | €18,352 | -€5,819 | -24.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,171 | €3,352 | -€5,819 | -63.4% |
| Amounts payable | 17/49 | €97,842 | €112,367 | +€14,525 | +14.8% |
| Amounts payable after more than one year | 17 | €21,209 | €24,100 | +€2,892 | +13.6% |
| Financial debts | 170/4 | €21,209 | €24,100 | +€2,892 | +13.6% |
| Amounts payable within one year | 42/48 | €76,282 | €87,997 | +€11,715 | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €7,966 | €9,377 | +€1,411 | +17.7% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €6,794 | €22,452 | +€15,658 | +230.5% |
| Suppliers | 440/4 | €6,794 | €22,452 | +€15,658 | +230.5% |
| Advances received on contracts in progress | 46 | €22,139 | €24,890 | +€2,750 | +12.4% |
| Taxes, remuneration and social security | 45 | €6,520 | €6,141 | -€379 | -5.8% |
| Taxes | 450/3 | €3,342 | €3,929 | +€587 | +17.6% |
| Remuneration and social security | 454/9 | €3,178 | €2,212 | -€966 | -30.4% |
| Other amounts payable | 47/48 | €7,862 | €138 | -€7,725 | -98.2% |
| Accrued charges and deferred income | 492/3 | €351 | €269 | -€82 | -23.3% |
| Remuneration, social security and pensions | 62 | €12,603 | €19,791 | +€7,188 | +57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,990 | €4,360 | -€3,630 | -45.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,239 | -€1,239 | |
| Other operating charges | 640/8 | €2,735 | €2,463 | -€271 | -9.9% |
| Non-recurring operating charges | 66A | - | €649 | +€649 | |
| Gross operating margin | 9900 | €26,169 | €23,576 | -€2,593 | -9.9% |
| Operating profit (loss) | 9901 | €2,842 | -€2,449 | -€5,291 | |
| Financial income | 75/76B | €1,201 | €1,966 | +€765 | +63.7% |
| Recurring financial income | 75 | €1,201 | €1,966 | +€765 | +63.7% |
| Financial charges | 65/66B | €4,022 | €5,183 | +€1,161 | +28.9% |
| Recurring financial charges | 65 | €4,022 | €5,183 | +€1,161 | +28.9% |
| Profit (loss) for the period before taxes | 9903 | €21 | -€5,667 | -€5,688 | |
| Income taxes | 67/77 | €947 | €152 | -€795 | -84.0% |
| Profit (loss) for the period | 9904 | -€927 | -€5,819 | -€4,892 | -528.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€927 | -€5,819 | -€4,892 | -528.0% |
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.