41 TAKE OFF: 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.
41 TAKE OFF
Largest movements
- Financial fixed assets +€25,000
up €25,000 (+6.6%), from €380,000 to €405,000
- Receivables within one year -€20,798
no longer reported in 2025 (was €20,798)
- Other debts +€62,056
up €62,056 (+129%), from €48,000 to €110,056
- Debts after one year -€36,484
down €36,484 (-38.2%), from €95,412 to €58,928
- Trade debts -€20,214
down €20,214 (-90.5%), from €22,342 to €2,128
- Tax, wage and social debts -€8,779
down €8,779 (-37.5%), from €23,386 to €14,607
- Gross operating margin -€37,570
down €37,570 (-42.1%), from €89,161 to €51,591
- Taxes -€8,585
down €8,585 (-64.6%), from €13,298 to €4,713
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 | €405,210 | €405,527 | +€317 | +0.1% |
| Fixed assets | 21/28 | €380,563 | €405,296 | +€24,733 | +6.5% |
| Tangible fixed assets | 22/27 | €563 | €296 | -€267 | -47.5% |
| Furniture and vehicles | 24 | €563 | €296 | -€267 | -47.5% |
| Financial fixed assets | 28 | €380,000 | €405,000 | +€25,000 | +6.6% |
| Current assets | 29/58 | €24,647 | €231 | -€24,416 | -99.1% |
| Amounts receivable within one year | 40/41 | €20,798 | - | -€20,798 | |
| Other amounts receivable | 41 | €20,798 | - | -€20,798 | |
| Cash at bank and in hand | 54/58 | €3,211 | €87 | -€3,123 | -97.3% |
| Deferred charges and accrued income | 490/1 | €639 | €144 | -€495 | -77.5% |
| Total equity and liabilities | 10/49 | €405,210 | €405,527 | +€317 | +0.1% |
| Equity | 10/15 | €165,573 | €168,844 | +€3,272 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €146,900 | €150,140 | +€3,240 | +2.2% |
| Distributable reserves | 133 | €146,900 | €150,140 | +€3,240 | +2.2% |
| Profit (loss) carried forward | 14 | €73 | €104 | +€32 | +43.7% |
| Amounts payable | 17/49 | €239,638 | €236,683 | -€2,955 | -1.2% |
| Amounts payable after more than one year | 17 | €95,412 | €58,928 | -€36,484 | -38.2% |
| Financial debts | 170/4 | €95,412 | €58,928 | -€36,484 | -38.2% |
| Amounts payable within one year | 42/48 | €144,226 | €177,755 | +€33,529 | +23.2% |
| Current portion of amounts payable after more than one year | 42 | €35,927 | €39,626 | +€3,699 | +10.3% |
| Financial debts | 43 | €14,570 | €11,338 | -€3,232 | -22.2% |
| Credit institutions | 430/8 | €14,570 | €11,338 | -€3,232 | -22.2% |
| Trade debts | 44 | €22,342 | €2,128 | -€20,214 | -90.5% |
| Suppliers | 440/4 | €22,342 | €2,128 | -€20,214 | -90.5% |
| Taxes, remuneration and social security | 45 | €23,386 | €14,607 | -€8,779 | -37.5% |
| Taxes | 450/3 | €23,386 | €14,607 | -€8,779 | -37.5% |
| Other amounts payable | 47/48 | €48,000 | €110,056 | +€62,056 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €267 | -€240 | -47.3% |
| Other operating charges | 640/8 | €384 | €400 | +€16 | +4.0% |
| Gross operating margin | 9900 | €89,161 | €51,591 | -€37,570 | -42.1% |
| Operating profit (loss) | 9901 | €88,269 | €50,924 | -€37,346 | -42.3% |
| Financial income | 75/76B | €495 | €0 | -€495 | -100.0% |
| Recurring financial income | 75 | €495 | €0 | -€495 | -100.0% |
| Financial charges | 65/66B | €3,198 | €2,939 | -€260 | -8.1% |
| Recurring financial charges | 65 | €3,198 | €2,939 | -€260 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €85,566 | €47,985 | -€37,581 | -43.9% |
| Income taxes | 67/77 | €13,298 | €4,713 | -€8,585 | -64.6% |
| Profit (loss) for the period | 9904 | €72,268 | €43,272 | -€28,996 | -40.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,268 | €43,272 | -€28,996 | -40.1% |
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 15 October 2026 via checked.be.