2-ORIGIN: 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.
2-ORIGIN
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year +€34,827
up €34,827 (+1.7%), from €2.0m to €2.1m
of which Financial debts: +€34,827
- Financial income -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Gross operating margin -€28,387
down €28,387 (-66.2%), from €42,895 to €14,507
- Financial charges -€1,243
down €1,243 (-3.2%), from €38,532 to €37,289
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 | €2,947,135 | €2,961,693 | +€14,558 | +0.5% |
| Fixed assets | 21/28 | €2,737,378 | €2,737,378 | = | 0.0% |
| Financial fixed assets | 28 | €2,737,378 | €2,737,378 | = | 0.0% |
| Current assets | 29/58 | €209,758 | €224,315 | +€14,558 | +6.9% |
| Stocks and contracts in progress | 3 | €28,012 | €27,377 | -€635 | -2.3% |
| Stocks | 30/36 | €28,012 | €27,377 | -€635 | -2.3% |
| Amounts receivable within one year | 40/41 | €1,542 | - | -€1,542 | |
| Trade receivables | 40 | €1,542 | - | -€1,542 | |
| Cash at bank and in hand | 54/58 | €180,204 | €196,938 | +€16,735 | +9.3% |
| Total equity and liabilities | 10/49 | €2,947,135 | €2,961,693 | +€14,558 | +0.5% |
| Equity | 10/15 | €758,609 | €734,643 | -€23,967 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €606,310 | €606,310 | = | 0.0% |
| Distributable reserves | 133 | €606,310 | €606,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,099 | €122,133 | -€23,967 | -16.4% |
| Amounts payable | 17/49 | €2,188,526 | €2,227,050 | +€38,524 | +1.8% |
| Amounts payable after more than one year | 17 | €2,047,997 | €2,082,825 | +€34,827 | +1.7% |
| Financial debts | 170/4 | €1,927,997 | €1,962,825 | +€34,827 | +1.8% |
| Other amounts payable | 178/9 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €102,542 | €107,225 | +€4,683 | +4.6% |
| Trade debts | 44 | €1,345 | €6,593 | +€5,248 | +390% |
| Suppliers | 440/4 | €1,345 | €6,593 | +€5,248 | +390% |
| Taxes, remuneration and social security | 45 | €1,197 | €632 | -€565 | -47.2% |
| Taxes | 450/3 | €1,197 | €632 | -€565 | -47.2% |
| Other amounts payable | 47/48 | €100,000 | €100,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €37,986 | €37,000 | -€986 | -2.6% |
| Other operating charges | 640/8 | €1,233 | €1,186 | -€48 | -3.9% |
| Gross operating margin | 9900 | €42,895 | €14,507 | -€28,387 | -66.2% |
| Operating profit (loss) | 9901 | €41,661 | €13,322 | -€28,340 | -68.0% |
| Financial income | 75/76B | €120,000 | €0 | -€120,000 | -100.0% |
| Recurring financial income | 75 | €120,000 | €0 | -€120,000 | -100.0% |
| Financial charges | 65/66B | €38,532 | €37,289 | -€1,243 | -3.2% |
| Recurring financial charges | 65 | €38,532 | €37,289 | -€1,243 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €123,130 | -€23,967 | -€147,096 | |
| Profit (loss) for the period | 9904 | €123,130 | -€23,967 | -€147,096 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,130 | -€23,967 | -€147,096 |
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 17 October 2026 via checked.be.