2MPROVE: 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.
2MPROVE
Largest movements
- Receivables within one year +€21,604
up €21,604 (+45.2%), from €47,842 to €69,446
- Cash +€7,679
up €7,679 (+13.1%), from €58,561 to €66,240
mainly Other debts (+€30,000) and Trade debts (+€16,185)
- Deferred charges and accrued income +€3,420
up €3,420 (+45.2%), from €7,564 to €10,984
- Intangible fixed assets -€2,500
down €2,500 (-11.4%), from €21,875 to €19,375
- Other debts +€30,000
new in 2025: €30,000
- Trade debts +€16,185
up €16,185 (+52.4%), from €30,916 to €47,101
- Accrued charges and deferred income -€6,430
down €6,430 (-15.4%), from €41,675 to €35,245
- Tax, wage and social debts -€6,259
down €6,259 (-18.9%), from €33,192 to €26,933
of which Taxes: -€8,229
- Profit (loss) carried forward -€3,594
down €3,594 (-14.5%), from -€24,808 to -€28,402
- Gross operating margin +€69,603
up €69,603 (+72.8%), from €95,637 to €165,240
- Staff costs +€49,429
up €49,429 (+43.2%), from €114,425 to €163,854
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 | €140,975 | €170,877 | +€29,902 | +21.2% |
| Fixed assets | 21/28 | €27,008 | €24,207 | -€2,801 | -10.4% |
| Intangible fixed assets | 21 | €21,875 | €19,375 | -€2,500 | -11.4% |
| Tangible fixed assets | 22/27 | €3,033 | €2,732 | -€301 | -9.9% |
| Furniture and vehicles | 24 | €3,033 | €2,732 | -€301 | -9.9% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €113,967 | €146,670 | +€32,703 | +28.7% |
| Amounts receivable within one year | 40/41 | €47,842 | €69,446 | +€21,604 | +45.2% |
| Trade receivables | 40 | €47,842 | €69,446 | +€21,604 | +45.2% |
| Cash at bank and in hand | 54/58 | €58,561 | €66,240 | +€7,679 | +13.1% |
| Deferred charges and accrued income | 490/1 | €7,564 | €10,984 | +€3,420 | +45.2% |
| Total equity and liabilities | 10/49 | €140,975 | €170,877 | +€29,902 | +21.2% |
| Equity | 10/15 | €5,192 | €1,598 | -€3,594 | -69.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,808 | -€28,402 | -€3,594 | -14.5% |
| Amounts payable | 17/49 | €135,783 | €169,279 | +€33,496 | +24.7% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Other amounts payable | 178/9 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,108 | €104,034 | +€39,926 | +62.3% |
| Trade debts | 44 | €30,916 | €47,101 | +€16,185 | +52.4% |
| Suppliers | 440/4 | €30,916 | €47,101 | +€16,185 | +52.4% |
| Taxes, remuneration and social security | 45 | €33,192 | €26,933 | -€6,259 | -18.9% |
| Taxes | 450/3 | €17,497 | €9,268 | -€8,229 | -47.0% |
| Remuneration and social security | 454/9 | €15,695 | €17,665 | +€1,970 | +12.6% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €41,675 | €35,245 | -€6,430 | -15.4% |
| Remuneration, social security and pensions | 62 | €114,425 | €163,854 | +€49,429 | +43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,061 | €4,269 | -€792 | -15.6% |
| Other operating charges | 640/8 | €855 | €513 | -€342 | -40.0% |
| Gross operating margin | 9900 | €95,637 | €165,240 | +€69,603 | +72.8% |
| Operating profit (loss) | 9901 | -€24,704 | -€3,396 | +€21,308 | +86.3% |
| Financial charges | 65/66B | €104 | €87 | -€17 | -16.3% |
| Recurring financial charges | 65 | €104 | €87 | -€17 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,808 | -€3,483 | +€21,325 | +86.0% |
| Income taxes | 67/77 | - | €111 | +€111 | |
| Profit (loss) for the period | 9904 | -€24,808 | -€3,594 | +€21,214 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,808 | -€3,594 | +€21,214 | +85.5% |
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.