JOINED!: 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.
JOINED!
Largest movements
- Cash +€39,909
up €39,909 (+4,826%), from €827 to €40,736
mainly Net result for the year (+€44,613) and Debts after one year (+€32,790)
- Tangible fixed assets +€30,526
up €30,526 (+65.7%), from €46,438 to €76,964
of which Furniture and vehicles: +€34,503
- Receivables within one year -€10,086
down €10,086 (-49.5%), from €20,371 to €10,285
of which Trade receivables: -€5,777
- Debts after one year +€32,790
up €32,790 (+410%), from €8,000 to €40,790
- Profit (loss) carried forward +€15,779
up €15,779, from -€15,779 to €0
- Advances received -€12,174
down €12,174 (-100%), from €12,174 to €0
- Other debts +€11,731
up €11,731 (+86.2%), from €13,615 to €25,347
- Tax, wage and social debts +€9,240
up €9,240, from €0 to €9,240
- Gross operating margin +€71,905
up €71,905, from -€1,581 to €70,324
- Taxes +€12,740
up €12,740 (+6,670%), from €191 to €12,931
- Depreciation -€1,365
down €1,365 (-10.8%), from €12,668 to €11,304
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 | €67,636 | €128,442 | +€60,806 | +89.9% |
| Fixed assets | 21/28 | €46,438 | €76,964 | +€30,526 | +65.7% |
| Tangible fixed assets | 22/27 | €46,438 | €76,964 | +€30,526 | +65.7% |
| Plant, machinery and equipment | 23 | €1,314 | €2,613 | +€1,299 | +98.8% |
| Furniture and vehicles | 24 | €1,478 | €35,981 | +€34,503 | +2,335% |
| Other tangible fixed assets | 26 | €43,646 | €38,371 | -€5,276 | -12.1% |
| Current assets | 29/58 | €21,197 | €51,477 | +€30,280 | +143% |
| Amounts receivable within one year | 40/41 | €20,371 | €10,285 | -€10,086 | -49.5% |
| Trade receivables | 40 | €16,062 | €10,285 | -€5,777 | -36.0% |
| Other amounts receivable | 41 | €4,309 | €0 | -€4,309 | -100% |
| Cash at bank and in hand | 54/58 | €827 | €40,736 | +€39,909 | +4,826% |
| Deferred charges and accrued income | 490/1 | €0 | €456 | +€456 | |
| Total equity and liabilities | 10/49 | €67,636 | €128,442 | +€60,806 | +89.9% |
| Equity | 10/15 | €29,654 | €45,433 | +€15,779 | +53.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | €36,433 | €36,433 | = | 0.0% |
| Distributable reserves | 133 | €36,433 | €36,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,779 | €0 | +€15,779 | |
| Amounts payable | 17/49 | €37,982 | €83,009 | +€45,028 | +119% |
| Amounts payable after more than one year | 17 | €8,000 | €40,790 | +€32,790 | +410% |
| Financial debts | 170/4 | €8,000 | €40,790 | +€32,790 | +410% |
| Amounts payable within one year | 42/48 | €29,982 | €42,219 | +€12,238 | +40.8% |
| Trade debts | 44 | €4,193 | €7,632 | +€3,440 | +82.0% |
| Suppliers | 440/4 | €4,193 | €7,632 | +€3,440 | +82.0% |
| Advances received on contracts in progress | 46 | €12,174 | €0 | -€12,174 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €9,240 | +€9,240 | |
| Taxes | 450/3 | €0 | €9,240 | +€9,240 | |
| Other amounts payable | 47/48 | €13,615 | €25,347 | +€11,731 | +86.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,668 | €11,304 | -€1,365 | -10.8% |
| Other operating charges | 640/8 | €694 | €387 | -€306 | -44.2% |
| Gross operating margin | 9900 | -€1,581 | €70,324 | +€71,905 | |
| Operating profit (loss) | 9901 | -€14,943 | €58,633 | +€73,576 | |
| Financial income | 75/76B | €22 | €0 | -€22 | -100% |
| Recurring financial income | 75 | €22 | €0 | -€22 | -100% |
| Financial charges | 65/66B | €666 | €1,088 | +€422 | +63.3% |
| Recurring financial charges | 65 | €666 | €1,088 | +€422 | +63.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,588 | €57,545 | +€73,132 | |
| Income taxes | 67/77 | €191 | €12,931 | +€12,740 | +6,670% |
| Profit (loss) for the period | 9904 | -€15,779 | €44,613 | +€60,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,779 | €44,613 | +€60,392 |
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 25 October 2026 via checked.be.