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.
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Largest movements
- Receivables within one year -€35,244
down €35,244 (-70.4%), from €50,085 to €14,842
of which Other amounts receivable: -€35,244
- Cash +€8,227
up €8,227 (+309.0%), from €2,662 to €10,889
mainly Receivables within one year (+€35,244) and Net result for the year (+€29,481)
- Tangible fixed assets -€4,608
no longer reported in 2025 (was €4,608)
- Other debts -€19,421
down €19,421 (-99.8%), from €19,461 to €40
- Reserves -€6,497
down €6,497 (-2.2%), from €301,518 to €295,022
- Tax, wage and social debts -€6,210
down €6,210 (-69.2%), from €8,973 to €2,763
of which Taxes: -€6,410
- Financial income -€18,342
down €18,342 (-49.2%), from €37,247 to €18,905
- Depreciation -€2,789
down €2,789 (-37.7%), from €7,397 to €4,608
- Gross operating margin -€1,983
down €1,983 (-7.1%), from €27,938 to €25,955
- Taxes -€1,327
down €1,327 (-12.3%), from €10,820 to €9,493
- Other operating charges -€585
down €585 (-31.9%), from €1,832 to €1,247
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 | €366,026 | €334,028 | -€31,998 | -8.7% |
| Fixed assets | 21/28 | €312,036 | €307,428 | -€4,608 | -1.5% |
| Tangible fixed assets | 22/27 | €4,608 | - | -€4,608 | |
| Furniture and vehicles | 24 | €4,608 | - | -€4,608 | |
| Financial fixed assets | 28 | €307,428 | €307,428 | = | 0.0% |
| Current assets | 29/58 | €53,990 | €26,600 | -€27,390 | -50.7% |
| Amounts receivable within one year | 40/41 | €50,085 | €14,842 | -€35,244 | -70.4% |
| Trade receivables | 40 | €14,036 | €14,036 | = | 0.0% |
| Other amounts receivable | 41 | €36,049 | €806 | -€35,244 | -97.8% |
| Cash at bank and in hand | 54/58 | €2,662 | €10,889 | +€8,227 | +309.0% |
| Deferred charges and accrued income | 490/1 | €1,242 | €869 | -€373 | -30.0% |
| Total equity and liabilities | 10/49 | €366,026 | €334,028 | -€31,998 | -8.7% |
| Equity | 10/15 | €336,518 | €330,022 | -€6,497 | -1.9% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €301,518 | €295,022 | -€6,497 | -2.2% |
| Distributable reserves | 133 | €301,518 | €295,022 | -€6,497 | -2.2% |
| Amounts payable | 17/49 | €29,508 | €4,006 | -€25,502 | -86.4% |
| Amounts payable within one year | 42/48 | €29,508 | €4,006 | -€25,502 | -86.4% |
| Trade debts | 44 | €1,074 | €1,203 | +€129 | +12.0% |
| Suppliers | 440/4 | €1,074 | €1,203 | +€129 | +12.0% |
| Taxes, remuneration and social security | 45 | €8,973 | €2,763 | -€6,210 | -69.2% |
| Taxes | 450/3 | €6,973 | €563 | -€6,410 | -91.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,200 | +€200 | +10.0% |
| Other amounts payable | 47/48 | €19,461 | €40 | -€19,421 | -99.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,397 | €4,608 | -€2,789 | -37.7% |
| Other operating charges | 640/8 | €1,832 | €1,247 | -€585 | -31.9% |
| Gross operating margin | 9900 | €27,938 | €25,955 | -€1,983 | -7.1% |
| Operating profit (loss) | 9901 | €18,709 | €20,100 | +€1,391 | +7.4% |
| Financial income | 75/76B | €37,247 | €18,905 | -€18,342 | -49.2% |
| Recurring financial income | 75 | €37,247 | €18,905 | -€18,342 | -49.2% |
| Financial charges | 65/66B | €245 | €30 | -€214 | -87.6% |
| Recurring financial charges | 65 | €245 | €30 | -€214 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €55,711 | €38,975 | -€16,737 | -30.0% |
| Income taxes | 67/77 | €10,820 | €9,493 | -€1,327 | -12.3% |
| Profit (loss) for the period | 9904 | €44,891 | €29,481 | -€15,410 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,891 | €29,481 | -€15,410 | -34.3% |
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.