10pm: 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.
10pm
Largest movements
- Cash +€71,609
up €71,609 (+36.2%), from €197,874 to €269,483
mainly Net result for the year (+€72,772) and Tax, wage and social debts (+€14,693)
- Tangible fixed assets +€9,747
up €9,747 (+207.9%), from €4,687 to €14,434
of which Furniture and vehicles: +€9,747
- Receivables within one year +€4,543
up €4,543 (+282.1%), from €1,610 to €6,153
of which Other amounts receivable: +€4,936
- Reserves +€72,772
up €72,772 (+41.6%), from €174,773 to €247,545
- Tax, wage and social debts +€14,693
up €14,693 (+71.8%), from €20,452 to €35,145
- Gross operating margin +€37,350
up €37,350 (+51.2%), from €72,882 to €110,232
- Taxes +€11,962
up €11,962 (+58.7%), from €20,367 to €32,330
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 | €206,412 | €291,934 | +€85,522 | +41.4% |
| Fixed assets | 21/28 | €4,687 | €14,434 | +€9,747 | +207.9% |
| Tangible fixed assets | 22/27 | €4,687 | €14,434 | +€9,747 | +207.9% |
| Furniture and vehicles | 24 | €4,687 | €14,434 | +€9,747 | +207.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €201,724 | €277,500 | +€75,776 | +37.6% |
| Amounts receivable within one year | 40/41 | €1,610 | €6,153 | +€4,543 | +282.1% |
| Trade receivables | 40 | €393 | - | -€393 | |
| Other amounts receivable | 41 | €1,217 | €6,153 | +€4,936 | +405.6% |
| Cash at bank and in hand | 54/58 | €197,874 | €269,483 | +€71,609 | +36.2% |
| Deferred charges and accrued income | 490/1 | €2,240 | €1,864 | -€376 | -16.8% |
| Total equity and liabilities | 10/49 | €206,412 | €291,934 | +€85,522 | +41.4% |
| Equity | 10/15 | €180,973 | €253,745 | +€72,772 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €174,773 | €247,545 | +€72,772 | +41.6% |
| Distributable reserves | 133 | €174,773 | €247,545 | +€72,772 | +41.6% |
| Amounts payable | 17/49 | €25,438 | €38,189 | +€12,750 | +50.1% |
| Amounts payable within one year | 42/48 | €25,438 | €38,189 | +€12,750 | +50.1% |
| Trade debts | 44 | €2,115 | €3,044 | +€929 | +43.9% |
| Suppliers | 440/4 | €2,115 | €3,044 | +€929 | +43.9% |
| Taxes, remuneration and social security | 45 | €20,452 | €35,145 | +€14,693 | +71.8% |
| Taxes | 450/3 | €20,452 | €35,145 | +€14,693 | +71.8% |
| Other amounts payable | 47/48 | €2,871 | - | -€2,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,157 | €4,122 | -€35 | -0.8% |
| Other operating charges | 640/8 | €1,146 | €1,324 | +€178 | +15.5% |
| Gross operating margin | 9900 | €72,882 | €110,232 | +€37,350 | +51.2% |
| Operating profit (loss) | 9901 | €67,579 | €104,786 | +€37,207 | +55.1% |
| Financial income | 75/76B | €0 | €356 | +€356 | +3560900.0% |
| Recurring financial income | 75 | €0 | €356 | +€356 | +3560900.0% |
| Financial charges | 65/66B | €325 | €40 | -€284 | -87.6% |
| Recurring financial charges | 65 | €325 | €40 | -€284 | -87.6% |
| Profit (loss) for the period before taxes | 9903 | €67,255 | €105,102 | +€37,847 | +56.3% |
| Income taxes | 67/77 | €20,367 | €32,330 | +€11,962 | +58.7% |
| Profit (loss) for the period | 9904 | €46,887 | €72,772 | +€25,885 | +55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €46,887 | €72,772 | +€25,885 | +55.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.