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.
Vyncke Jonas
Largest movements
- Receivables within one year +€41,169
up €41,169 (+100.8%), from €40,832 to €82,001
of which Other amounts receivable: +€29,478
- Cash +€4,451
up €4,451 (+405.8%), from €1,097 to €5,548
mainly Debts after one year (+€25,730) and Trade debts (+€23,013)
- Deferred charges and accrued income +€4,086
new in 2025: €4,086
- Tangible fixed assets -€2,759
down €2,759 (-20.0%), from €13,810 to €11,052
of which Plant, machinery and equipment: -€1,858
- Debts after one year +€25,730
new in 2025: €25,730
- Trade debts +€23,013
up €23,013 (+122.1%), from €18,842 to €41,855
- Tax, wage and social debts -€4,557
down €4,557 (-64.1%), from €7,108 to €2,551
- Reserves +€2,761
up €2,761 (+10.8%), from €25,515 to €28,276
- Gross operating margin -€30,033
down €30,033 (-73.6%), from €40,815 to €10,781
- Taxes -€6,135
down €6,135 (-86.3%), from €7,108 to €972
- Depreciation -€1,302
down €1,302 (-25.6%), from €5,080 to €3,778
- Financial charges +€1,077
up €1,077 (+77.1%), from €1,396 to €2,473
- Other operating charges -€916
down €916 (-53.4%), from €1,716 to €800
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 | €56,465 | €103,413 | +€46,947 | +83.1% |
| Fixed assets | 21/28 | €13,811 | €11,053 | -€2,759 | -20.0% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €13,810 | €11,052 | -€2,759 | -20.0% |
| Plant, machinery and equipment | 23 | €7,098 | €5,240 | -€1,858 | -26.2% |
| Furniture and vehicles | 24 | €6,305 | €5,524 | -€781 | -12.4% |
| Other tangible fixed assets | 26 | €408 | €288 | -€120 | -29.4% |
| Current assets | 29/58 | €42,654 | €92,360 | +€49,706 | +116.5% |
| Stocks and contracts in progress | 3 | €725 | €725 | = | 0.0% |
| Stocks | 30/36 | €725 | €725 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,832 | €82,001 | +€41,169 | +100.8% |
| Trade receivables | 40 | €26,697 | €38,388 | +€11,691 | +43.8% |
| Other amounts receivable | 41 | €14,135 | €43,613 | +€29,478 | +208.6% |
| Cash at bank and in hand | 54/58 | €1,097 | €5,548 | +€4,451 | +405.8% |
| Deferred charges and accrued income | 490/1 | - | €4,086 | +€4,086 | |
| Total equity and liabilities | 10/49 | €56,465 | €103,413 | +€46,947 | +83.1% |
| Equity | 10/15 | €30,515 | €33,276 | +€2,761 | +9.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €25,515 | €28,276 | +€2,761 | +10.8% |
| Distributable reserves | 133 | €25,515 | €28,276 | +€2,761 | +10.8% |
| Amounts payable | 17/49 | €25,950 | €70,136 | +€44,186 | +170.3% |
| Amounts payable after more than one year | 17 | - | €25,730 | +€25,730 | |
| Financial debts | 170/4 | - | €25,730 | +€25,730 | |
| Amounts payable within one year | 42/48 | €25,950 | €44,406 | +€18,456 | +71.1% |
| Trade debts | 44 | €18,842 | €41,855 | +€23,013 | +122.1% |
| Suppliers | 440/4 | €18,842 | €41,855 | +€23,013 | +122.1% |
| Taxes, remuneration and social security | 45 | €7,108 | €2,551 | -€4,557 | -64.1% |
| Taxes | 450/3 | €7,108 | €2,551 | -€4,557 | -64.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,080 | €3,778 | -€1,302 | -25.6% |
| Other operating charges | 640/8 | €1,716 | €800 | -€916 | -53.4% |
| Gross operating margin | 9900 | €40,815 | €10,781 | -€30,033 | -73.6% |
| Operating profit (loss) | 9901 | €34,019 | €6,203 | -€27,816 | -81.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,396 | €2,473 | +€1,077 | +77.1% |
| Recurring financial charges | 65 | €1,396 | €2,473 | +€1,077 | +77.1% |
| Profit (loss) for the period before taxes | 9903 | €32,623 | €3,733 | -€28,890 | -88.6% |
| Income taxes | 67/77 | €7,108 | €972 | -€6,135 | -86.3% |
| Profit (loss) for the period | 9904 | €25,515 | €2,761 | -€22,755 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,515 | €2,761 | -€22,755 | -89.2% |
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 26 September 2026 via checked.be.