2Results: 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.
2Results
Largest movements
- Receivables within one year -€13,264
down €13,264 (-21.5%), from €61,551 to €48,287
of which Trade receivables: -€13,587
- Cash -€5,751
down €5,751 (-78.4%), from €7,333 to €1,582
mainly Net result for the year (-€15,383) and Tax, wage and social debts (-€3,445)
- Profit (loss) carried forward -€15,383
down €15,383 (-868%), from -€1,773 to -€17,156
- Tax, wage and social debts -€3,445
down €3,445 (-15.9%), from €21,668 to €18,223
- Trade debts -€930
down €930 (-6.7%), from €13,831 to €12,901
- Gross operating margin -€59,530
down €59,530, from €48,958 to -€10,572
- Taxes -€33,201
down €33,201 (-98.9%), from €33,561 to €361
- Other operating charges +€1,433
up €1,433 (+510%), from €281 to €1,714
- Financial income -€1,409
down €1,409 (-100%), from €1,409 to €0
- Financial charges +€837
up €837 (+70.0%), from €1,197 to €2,034
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 | €70,441 | €50,684 | -€19,758 | -28.0% |
| Fixed assets | 21/28 | €1,517 | €814 | -€703 | -46.3% |
| Tangible fixed assets | 22/27 | €1,517 | €814 | -€703 | -46.3% |
| Furniture and vehicles | 24 | €1,517 | €814 | -€703 | -46.3% |
| Current assets | 29/58 | €68,925 | €49,870 | -€19,055 | -27.6% |
| Amounts receivable within one year | 40/41 | €61,551 | €48,287 | -€13,264 | -21.5% |
| Trade receivables | 40 | €22,130 | €8,543 | -€13,587 | -61.4% |
| Other amounts receivable | 41 | €39,421 | €39,745 | +€323 | +0.8% |
| Cash at bank and in hand | 54/58 | €7,333 | €1,582 | -€5,751 | -78.4% |
| Deferred charges and accrued income | 490/1 | €40 | €0 | -€40 | -100% |
| Total equity and liabilities | 10/49 | €70,441 | €50,684 | -€19,758 | -28.0% |
| Equity | 10/15 | €34,942 | €19,559 | -€15,383 | -44.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,115 | €18,115 | = | 0.0% |
| Non-distributable reserves | 130/1 | €906 | €906 | = | 0.0% |
| Reserves not available under the articles | 1311 | €906 | €906 | = | 0.0% |
| Distributable reserves | 133 | €17,209 | €17,209 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,773 | -€17,156 | -€15,383 | -868% |
| Amounts payable | 17/49 | €35,499 | €31,124 | -€4,375 | -12.3% |
| Amounts payable within one year | 42/48 | €35,499 | €31,124 | -€4,375 | -12.3% |
| Trade debts | 44 | €13,831 | €12,901 | -€930 | -6.7% |
| Suppliers | 440/4 | €13,831 | €12,901 | -€930 | -6.7% |
| Taxes, remuneration and social security | 45 | €21,668 | €18,223 | -€3,445 | -15.9% |
| Taxes | 450/3 | €21,668 | €18,223 | -€3,445 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €587 | €703 | +€116 | +19.8% |
| Other operating charges | 640/8 | €281 | €1,714 | +€1,433 | +510% |
| Gross operating margin | 9900 | €48,958 | -€10,572 | -€59,530 | |
| Operating profit (loss) | 9901 | €48,090 | -€12,989 | -€61,078 | |
| Financial income | 75/76B | €1,409 | €0 | -€1,409 | -100% |
| Recurring financial income | 75 | €1,409 | €0 | -€1,409 | -100% |
| Financial charges | 65/66B | €1,197 | €2,034 | +€837 | +70.0% |
| Recurring financial charges | 65 | €1,197 | €2,034 | +€837 | +70.0% |
| Profit (loss) for the period before taxes | 9903 | €48,303 | -€15,022 | -€63,325 | |
| Income taxes | 67/77 | €33,561 | €361 | -€33,201 | -98.9% |
| Profit (loss) for the period | 9904 | €14,741 | -€15,383 | -€30,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,741 | -€15,383 | -€30,124 |
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 31 October 2026 via checked.be.