2 TUTTI: 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.
2 TUTTI
Largest movements
- Receivables within one year +€22,710
up €22,710 (+758.9%), from €2,993 to €25,702
of which Other amounts receivable: +€20,131
- Tangible fixed assets -€19,551
down €19,551 (-14.3%), from €136,391 to €116,840
of which Other tangible fixed assets: -€10,991
- Cash -€17,940
down €17,940 (-17.1%), from €104,711 to €86,771
mainly Other debts (-€30,548) and Receivables within one year (-€22,710)
- Other debts -€30,548
down €30,548 (-61.7%), from €49,548 to €19,000
- Reserves +€24,800
up €24,800 (+33.1%), from €75,000 to €99,800
- Debts after one year -€12,839
down €12,839 (-20.2%), from €63,484 to €50,645
- Tax, wage and social debts -€10,198
down €10,198 (-36.8%), from €27,730 to €17,532
of which Taxes: -€11,865
- Trade debts +€9,422
up €9,422 (+232.0%), from €4,061 to €13,483
- Gross operating margin -€154,538
down €154,538 (-50.8%), from €304,486 to €149,948
- Staff costs -€77,503
down €77,503 (-48.1%), from €161,079 to €83,577
- Taxes -€17,164
down €17,164 (-61.8%), from €27,787 to €10,623
- Depreciation -€5,216
down €5,216 (-19.8%), from €26,349 to €21,134
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 | €251,068 | €235,923 | -€15,145 | -6.0% |
| Fixed assets | 21/28 | €139,404 | €119,694 | -€19,710 | -14.1% |
| Tangible fixed assets | 22/27 | €136,391 | €116,840 | -€19,551 | -14.3% |
| Plant, machinery and equipment | 23 | €35,847 | €28,326 | -€7,521 | -21.0% |
| Furniture and vehicles | 24 | €5,298 | €4,259 | -€1,039 | -19.6% |
| Other tangible fixed assets | 26 | €95,247 | €84,256 | -€10,991 | -11.5% |
| Financial fixed assets | 28 | €3,013 | €2,854 | -€159 | -5.3% |
| Current assets | 29/58 | €111,664 | €116,229 | +€4,565 | +4.1% |
| Stocks and contracts in progress | 3 | €3,960 | €3,756 | -€205 | -5.2% |
| Stocks | 30/36 | €3,960 | €3,756 | -€205 | -5.2% |
| Amounts receivable within one year | 40/41 | €2,993 | €25,702 | +€22,710 | +758.9% |
| Trade receivables | 40 | €2,993 | €5,571 | +€2,578 | +86.2% |
| Other amounts receivable | 41 | - | €20,131 | +€20,131 | |
| Cash at bank and in hand | 54/58 | €104,711 | €86,771 | -€17,940 | -17.1% |
| Total equity and liabilities | 10/49 | €251,068 | €235,923 | -€15,145 | -6.0% |
| Equity | 10/15 | €82,726 | €107,836 | +€25,111 | +30.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €99,800 | +€24,800 | +33.1% |
| Distributable reserves | 133 | €75,000 | €99,800 | +€24,800 | +33.1% |
| Profit (loss) carried forward | 14 | €3,726 | €4,036 | +€311 | +8.3% |
| Amounts payable | 17/49 | €168,343 | €128,087 | -€40,256 | -23.9% |
| Amounts payable after more than one year | 17 | €63,484 | €50,645 | -€12,839 | -20.2% |
| Financial debts | 170/4 | €63,484 | €50,645 | -€12,839 | -20.2% |
| Amounts payable within one year | 42/48 | €104,859 | €77,442 | -€27,417 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €23,520 | €27,427 | +€3,907 | +16.6% |
| Trade debts | 44 | €4,061 | €13,483 | +€9,422 | +232.0% |
| Suppliers | 440/4 | €4,061 | €13,483 | +€9,422 | +232.0% |
| Taxes, remuneration and social security | 45 | €27,730 | €17,532 | -€10,198 | -36.8% |
| Taxes | 450/3 | €25,976 | €14,111 | -€11,865 | -45.7% |
| Remuneration and social security | 454/9 | €1,754 | €3,421 | +€1,668 | +95.1% |
| Other amounts payable | 47/48 | €49,548 | €19,000 | -€30,548 | -61.7% |
| Remuneration, social security and pensions | 62 | €161,079 | €83,577 | -€77,503 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,349 | €21,134 | -€5,216 | -19.8% |
| Other operating charges | 640/8 | €1,728 | €2,109 | +€381 | +22.0% |
| Gross operating margin | 9900 | €304,486 | €149,948 | -€154,538 | -50.8% |
| Operating profit (loss) | 9901 | €115,329 | €43,129 | -€72,200 | -62.6% |
| Financial income | 75/76B | €325 | €720 | +€394 | +121.2% |
| Recurring financial income | 75 | €325 | €720 | +€394 | +121.2% |
| Financial charges | 65/66B | €9,141 | €8,115 | -€1,026 | -11.2% |
| Recurring financial charges | 65 | €9,141 | €8,115 | -€1,026 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €106,513 | €35,734 | -€70,780 | -66.5% |
| Income taxes | 67/77 | €27,787 | €10,623 | -€17,164 | -61.8% |
| Profit (loss) for the period | 9904 | €78,726 | €25,111 | -€53,615 | -68.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,726 | €25,111 | -€53,615 | -68.1% |
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 1 October 2026 via checked.be.