15 ENGINES: what changed
Two financial 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.
15 ENGINES
Largest movements
- Financial fixed assets +€5.4m
up €5.4m (+38.3%), from €14.0m to €19.3m
- Current investments -€800,000
down €800,000 (-100%), from €800,000 to €0
- Receivables within one year -€587,414
down €587,414 (-90.6%), from €648,016 to €60,602
of which Other amounts receivable: -€499,814
- Debts after one year +€2.0m
up €2.0m (+25.7%), from €7.9m to €9.9m
- Profit (loss) carried forward +€1.2m
up €1.2m (+21.2%), from €5.7m to €6.9m
- Current portion of long-term debt +€662,580
up €662,580 (+117%), from €568,008 to €1.2m
- Other debts +€200,000
up €200,000 (+72.7%), from €275,000 to €475,000
- Financial income +€196,405
up €196,405 (+19.3%), from €1.0m to €1.2m
- Financial charges +€17,566
up €17,566 (+6.4%), from €275,475 to €293,041
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.
Derived cash bridge
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 | €15,500,008 | €19,609,902 | +€4.1m | +26.5% |
| Fixed assets | 21/28 | €13,974,574 | €19,324,574 | +€5.4m | +38.3% |
| Financial fixed assets | 28 | €13,974,574 | €19,324,574 | +€5.4m | +38.3% |
| Current assets | 29/58 | €1,525,434 | €285,328 | -€1.2m | -81.3% |
| Amounts receivable within one year | 40/41 | €648,016 | €60,602 | -€587,414 | -90.6% |
| Trade receivables | 40 | €145,200 | €57,600 | -€87,600 | -60.3% |
| Other amounts receivable | 41 | €502,816 | €3,002 | -€499,814 | -99.4% |
| Current investments | 50/53 | €800,000 | €0 | -€800,000 | -100% |
| Cash at bank and in hand | 54/58 | €66,596 | €220,069 | +€153,473 | +230% |
| Deferred charges and accrued income | 490/1 | €10,822 | €4,658 | -€6,164 | -57.0% |
| Total equity and liabilities | 10/49 | €15,500,008 | €19,609,902 | +€4.1m | +26.5% |
| Equity | 10/15 | €6,212,556 | €7,423,346 | +€1.2m | +19.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,712,556 | €6,923,346 | +€1.2m | +21.2% |
| Amounts payable | 17/49 | €9,287,452 | €12,186,557 | +€2.9m | +31.2% |
| Amounts payable after more than one year | 17 | €7,888,353 | €9,912,555 | +€2.0m | +25.7% |
| Financial debts | 170/4 | €7,888,353 | €9,912,555 | +€2.0m | +25.7% |
| Amounts payable within one year | 42/48 | €866,158 | €1,728,950 | +€862,792 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €568,008 | €1,230,588 | +€662,580 | +117% |
| Trade debts | 44 | €18,952 | €5,221 | -€13,731 | -72.4% |
| Suppliers | 440/4 | €18,952 | €5,221 | -€13,731 | -72.4% |
| Taxes, remuneration and social security | 45 | €4,198 | €18,140 | +€13,942 | +332% |
| Taxes | 450/3 | €4,198 | €18,140 | +€13,942 | +332% |
| Other amounts payable | 47/48 | €275,000 | €475,000 | +€200,000 | +72.7% |
| Accrued charges and deferred income | 492/3 | €532,941 | €545,052 | +€12,111 | +2.3% |
| Other operating charges | 640/8 | €618 | €575 | -€44 | -7.1% |
| Gross operating margin | 9900 | €291,619 | €289,741 | -€1,878 | -0.6% |
| Operating profit (loss) | 9901 | €291,000 | €289,166 | -€1,834 | -0.6% |
| Financial income | 75/76B | €1,018,259 | €1,214,664 | +€196,405 | +19.3% |
| Recurring financial income | 75 | €1,018,259 | €1,214,664 | +€196,405 | +19.3% |
| Financial charges | 65/66B | €275,475 | €293,041 | +€17,566 | +6.4% |
| Recurring financial charges | 65 | €275,475 | €293,041 | +€17,566 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | €1,033,785 | €1,210,790 | +€177,005 | +17.1% |
| Profit (loss) for the period | 9904 | €1,033,785 | €1,210,790 | +€177,005 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,033,785 | €1,210,790 | +€177,005 | +17.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.