STATIC: what changed
STATIC
Largest movements
- Receivables within one year -€83,053
down €83,053 (-37.3%), from €222,715 to €139,661
of which Trade receivables: -€79,460
- Cash +€62,702
up €62,702 (+73.5%), from €85,301 to €148,003
mainly Other debts (+€393,997) and Receivables within one year (+€83,053)
- Tangible fixed assets +€8,347
up €8,347 (+12.0%), from €69,425 to €77,772
of which Other tangible fixed assets: +€27,098
- Other debts +€393,997
up €393,997 (+7,167%), from €5,497 to €399,494
- Reserves -€367,248
down €367,248 (-75.8%), from €484,626 to €117,379
of which Distributable reserves: -€367,248
- Trade debts -€32,511
down €32,511 (-51.3%), from €63,338 to €30,827
- Gross operating margin -€11,995
down €11,995 (-16.7%), from €71,768 to €59,773
- Other operating charges -€8,814
down €8,814 (-77.5%), from €11,381 to €2,566
- Financial income +€5,027
up €5,027 (+161%), from €3,128 to €8,155
- Write-downs +€4,236
up €4,236, from -€4,236 to €0
- Taxes +€1,311
up €1,311 (+10.3%), from €12,757 to €14,068
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €583,966 | €575,717 | -€8,248 | -1.4% |
| Fixed assets | 21/28 | €70,805 | €77,772 | +€6,967 | +9.8% |
| Tangible fixed assets | 22/27 | €69,425 | €77,772 | +€8,347 | +12.0% |
| Plant, machinery and equipment | 23 | €0 | €1,548 | +€1,548 | |
| Furniture and vehicles | 24 | €69,425 | €49,125 | -€20,300 | -29.2% |
| Other tangible fixed assets | 26 | - | €27,098 | +€27,098 | |
| Financial fixed assets | 28 | €1,380 | €0 | -€1,380 | -100% |
| Current assets | 29/58 | €513,161 | €497,946 | -€15,215 | -3.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €222,715 | €139,661 | -€83,053 | -37.3% |
| Trade receivables | 40 | €200,393 | €120,933 | -€79,460 | -39.7% |
| Other amounts receivable | 41 | €22,321 | €18,728 | -€3,593 | -16.1% |
| Cash at bank and in hand | 54/58 | €85,301 | €148,003 | +€62,702 | +73.5% |
| Deferred charges and accrued income | 490/1 | €5,146 | €10,282 | +€5,136 | +99.8% |
| Total equity and liabilities | 10/49 | €583,966 | €575,717 | -€8,248 | -1.4% |
| Equity | 10/15 | €509,626 | €142,379 | -€367,248 | -72.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €484,626 | €117,379 | -€367,248 | -75.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €484,626 | €117,379 | -€367,248 | -75.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €74,339 | €433,339 | +€358,999 | +483% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €72,038 | €433,339 | +€361,300 | +502% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €63,338 | €30,827 | -€32,511 | -51.3% |
| Suppliers | 440/4 | €63,338 | €30,827 | -€32,511 | -51.3% |
| Taxes, remuneration and social security | 45 | €3,203 | €3,017 | -€186 | -5.8% |
| Taxes | 450/3 | €3,203 | €3,017 | -€186 | -5.8% |
| Other amounts payable | 47/48 | €5,497 | €399,494 | +€393,997 | +7,167% |
| Accrued charges and deferred income | 492/3 | €2,301 | €0 | -€2,301 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,942 | €23,440 | -€502 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,236 | €0 | +€4,236 | |
| Other operating charges | 640/8 | €11,381 | €2,566 | -€8,814 | -77.5% |
| Gross operating margin | 9900 | €71,768 | €59,773 | -€11,995 | -16.7% |
| Operating profit (loss) | 9901 | €40,682 | €33,767 | -€6,914 | -17.0% |
| Financial income | 75/76B | €3,128 | €8,155 | +€5,027 | +161% |
| Recurring financial income | 75 | €3,128 | €8,155 | +€5,027 | +161% |
| Financial charges | 65/66B | €1,341 | €530 | -€811 | -60.5% |
| Recurring financial charges | 65 | €1,341 | €530 | -€811 | -60.5% |
| Profit (loss) for the period before taxes | 9903 | €42,469 | €41,392 | -€1,077 | -2.5% |
| Income taxes | 67/77 | €12,757 | €14,068 | +€1,311 | +10.3% |
| Profit (loss) for the period | 9904 | €29,712 | €27,324 | -€2,388 | -8.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €29,712 | €27,324 | -€2,388 | -8.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.