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.
High Level
Largest movements
- Receivables within one year -€40,866
down €40,866 (-87.0%), from €46,994 to €6,128
of which Trade receivables: -€40,579
- Tangible fixed assets -€29,424
down €29,424 (-30.8%), from €95,646 to €66,222
- Current investments +€20,000
new in 2025: €20,000
- Cash -€17,138
down €17,138 (-98.0%), from €17,493 to €356
mainly Debts after one year (-€41,488) and Net result for the year (-€21,428)
- Debts after one year -€41,488
down €41,488 (-56.4%), from €73,585 to €32,097
- Profit (loss) carried forward -€17,728
down €17,728, from €0 to -€17,728
- Reserves -€3,700
down €3,700 (-16.8%), from €22,083 to €18,383
of which Distributable reserves: -€3,700
- Other debts -€3,253
down €3,253 (-19.1%), from €17,002 to €13,748
- Tax, wage and social debts -€2,741
down €2,741 (-64.3%), from €4,262 to €1,521
of which Taxes: -€2,741
- Gross operating margin -€48,643
down €48,643 (-72.8%), from €66,829 to €18,185
- Taxes -€5,053
down €5,053 (-96.5%), from €5,235 to €182
- Depreciation -€3,908
down €3,908 (-10.9%), from €35,712 to €31,804
- Other operating charges +€1,155
up €1,155 (+49.9%), from €2,313 to €3,468
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 | €160,134 | €93,975 | -€66,159 | -41.3% |
| Fixed assets | 21/28 | €95,646 | €66,222 | -€29,424 | -30.8% |
| Tangible fixed assets | 22/27 | €95,646 | €66,222 | -€29,424 | -30.8% |
| Land and buildings | 22 | €47,532 | €34,929 | -€12,603 | -26.5% |
| Furniture and vehicles | 24 | €17,874 | €13,051 | -€4,823 | -27.0% |
| Leasing and similar rights | 25 | €30,240 | €18,243 | -€11,997 | -39.7% |
| Current assets | 29/58 | €64,488 | €27,753 | -€36,735 | -57.0% |
| Amounts receivable within one year | 40/41 | €46,994 | €6,128 | -€40,866 | -87.0% |
| Trade receivables | 40 | €44,995 | €4,417 | -€40,579 | -90.2% |
| Other amounts receivable | 41 | €1,999 | €1,711 | -€288 | -14.4% |
| Current investments | 50/53 | - | €20,000 | +€20,000 | |
| Cash at bank and in hand | 54/58 | €17,493 | €356 | -€17,138 | -98.0% |
| Deferred charges and accrued income | 490/1 | - | €1,269 | +€1,269 | |
| Total equity and liabilities | 10/49 | €160,134 | €93,975 | -€66,159 | -41.3% |
| Equity | 10/15 | €34,483 | €13,055 | -€21,428 | -62.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €22,083 | €18,383 | -€3,700 | -16.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €22,083 | €18,383 | -€3,700 | -16.8% |
| Profit (loss) carried forward | 14 | €0 | -€17,728 | -€17,728 | |
| Amounts payable | 17/49 | €125,651 | €80,920 | -€44,731 | -35.6% |
| Amounts payable after more than one year | 17 | €73,585 | €32,097 | -€41,488 | -56.4% |
| Financial debts | 170/4 | €73,585 | €32,097 | -€41,488 | -56.4% |
| Amounts payable within one year | 42/48 | €52,065 | €47,797 | -€4,269 | -8.2% |
| Current portion of amounts payable after more than one year | 42 | €25,482 | €26,488 | +€1,006 | +3.9% |
| Trade debts | 44 | €5,320 | €6,040 | +€720 | +13.5% |
| Suppliers | 440/4 | €5,320 | €6,040 | +€720 | +13.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €4,262 | €1,521 | -€2,741 | -64.3% |
| Taxes | 450/3 | €4,262 | €1,521 | -€2,741 | -64.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,002 | €13,748 | -€3,253 | -19.1% |
| Accrued charges and deferred income | 492/3 | - | €1,025 | +€1,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,712 | €31,804 | -€3,908 | -10.9% |
| Other operating charges | 640/8 | €2,313 | €3,468 | +€1,155 | +49.9% |
| Gross operating margin | 9900 | €66,829 | €18,185 | -€48,643 | -72.8% |
| Operating profit (loss) | 9901 | €28,803 | -€17,087 | -€45,890 | |
| Financial income | 75/76B | €105 | €225 | +€120 | +113.6% |
| Recurring financial income | 75 | €105 | €225 | +€120 | +113.6% |
| Financial charges | 65/66B | €4,441 | €4,383 | -€58 | -1.3% |
| Recurring financial charges | 65 | €4,441 | €4,383 | -€58 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €24,468 | -€21,245 | -€45,713 | |
| Income taxes | 67/77 | €5,235 | €182 | -€5,053 | -96.5% |
| Profit (loss) for the period | 9904 | €19,233 | -€21,428 | -€40,660 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,233 | -€21,428 | -€40,660 |
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.