YOUR PARTNER: 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.
YOUR PARTNER
Largest movements
- Tangible fixed assets +€59,688
up €59,688 (+67.2%), from €88,836 to €148,524
of which Furniture and vehicles: +€76,794
- Receivables within one year +€25,398
up €25,398 (+57.1%), from €44,474 to €69,873
of which Other amounts receivable: +€24,580
- Cash -€21,921
down €21,921 (-34.8%), from €63,065 to €41,143
mainly Investment in fixed assets (net) (-€86,858) and Receivables within one year (-€25,398)
- Profit (loss) carried forward +€63,555
no longer reported in 2025 (was -€63,555)
- Reserves -€63,384
down €63,384 (-62.2%), from €101,950 to €38,566
of which Distributable reserves: -€63,384
- Debts after one year +€52,632
up €52,632 (+90.8%), from €57,947 to €110,578
- Current portion of long-term debt +€14,901
up €14,901 (+262%), from €5,678 to €20,579
- Gross operating margin -€27,035
down €27,035 (-41.7%), from €64,797 to €37,762
- Depreciation +€6,561
up €6,561 (+31.7%), from €20,723 to €27,285
- Other operating charges +€6,222
up €6,222 (+400%), from €1,554 to €7,776
- Financial income +€1,131
up €1,131 (+20,913%), from €5 to €1,137
- Financial charges +€892
up €892 (+34.6%), from €2,580 to €3,472
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.
Derived cash bridge
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 | €199,480 | €262,660 | +€63,180 | +31.7% |
| Fixed assets | 21/28 | €88,951 | €148,524 | +€59,573 | +67.0% |
| Tangible fixed assets | 22/27 | €88,836 | €148,524 | +€59,688 | +67.2% |
| Land and buildings | 22 | €67,515 | €52,933 | -€14,581 | -21.6% |
| Furniture and vehicles | 24 | €9,671 | €86,466 | +€76,794 | +794% |
| Other tangible fixed assets | 26 | €11,650 | €9,125 | -€2,525 | -21.7% |
| Financial fixed assets | 28 | €115 | - | -€115 | |
| Current assets | 29/58 | €110,529 | €114,136 | +€3,607 | +3.3% |
| Amounts receivable within one year | 40/41 | €44,474 | €69,873 | +€25,398 | +57.1% |
| Trade receivables | 40 | €37,280 | €38,098 | +€818 | +2.2% |
| Other amounts receivable | 41 | €7,194 | €31,775 | +€24,580 | +342% |
| Cash at bank and in hand | 54/58 | €63,065 | €41,143 | -€21,921 | -34.8% |
| Deferred charges and accrued income | 490/1 | €2,989 | €3,120 | +€130 | +4.4% |
| Total equity and liabilities | 10/49 | €199,480 | €262,660 | +€63,180 | +31.7% |
| Equity | 10/15 | €118,995 | €119,166 | +€171 | +0.1% |
| Contributions | 10/11 | €80,600 | €80,600 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,950 | €38,566 | -€63,384 | -62.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,090 | €36,706 | -€63,384 | -63.3% |
| Profit (loss) carried forward | 14 | -€63,555 | - | +€63,555 | |
| Amounts payable | 17/49 | €80,484 | €143,494 | +€63,009 | +78.3% |
| Amounts payable after more than one year | 17 | €57,947 | €110,578 | +€52,632 | +90.8% |
| Financial debts | 170/4 | €57,947 | €110,578 | +€52,632 | +90.8% |
| Amounts payable within one year | 42/48 | €22,538 | €32,915 | +€10,378 | +46.0% |
| Current portion of amounts payable after more than one year | 42 | €5,678 | €20,579 | +€14,901 | +262% |
| Trade debts | 44 | €7,289 | €4,857 | -€2,432 | -33.4% |
| Suppliers | 440/4 | €7,289 | €4,857 | -€2,432 | -33.4% |
| Taxes, remuneration and social security | 45 | €9,571 | €7,479 | -€2,092 | -21.9% |
| Taxes | 450/3 | €9,005 | €7,479 | -€1,526 | -16.9% |
| Remuneration and social security | 454/9 | €565 | - | -€565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,723 | €27,285 | +€6,561 | +31.7% |
| Other operating charges | 640/8 | €1,554 | €7,776 | +€6,222 | +400% |
| Gross operating margin | 9900 | €64,797 | €37,762 | -€27,035 | -41.7% |
| Operating profit (loss) | 9901 | €42,520 | €2,701 | -€39,818 | -93.6% |
| Financial income | 75/76B | €5 | €1,137 | +€1,131 | +20,913% |
| Recurring financial income | 75 | €5 | €1,137 | +€1,131 | +20,913% |
| Financial charges | 65/66B | €2,580 | €3,472 | +€892 | +34.6% |
| Recurring financial charges | 65 | €2,580 | €3,472 | +€892 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €39,945 | €366 | -€39,579 | -99.1% |
| Income taxes | 67/77 | €191 | €195 | +€4 | +2.0% |
| Profit (loss) for the period | 9904 | €39,754 | €171 | -€39,583 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,754 | €171 | -€39,583 | -99.6% |
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 15 October 2026 via checked.be.