73: 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.
73
Largest movements
- Tangible fixed assets -€42,772
down €42,772 (-23.4%), from €182,468 to €139,695
of which Plant, machinery and equipment: -€24,863
- Receivables within one year +€14,826
up €14,826 (+63.9%), from €23,219 to €38,045
of which Trade receivables: +€12,133
- Stocks and contracts +€9,619
up €9,619 (+442.1%), from €2,176 to €11,795
- Cash +€9,142
up €9,142 (+13.9%), from €65,870 to €75,012
mainly Depreciation (+€43,551) and Net result for the year (+€34,348)
- Trade debts -€43,279
down €43,279 (-66.4%), from €65,208 to €21,929
- Reserves +€34,348
up €34,348 (+12.7%), from €270,510 to €304,858
of which Distributable reserves: +€34,348
- Short-term financial debts +€9,947
new in 2025: €9,947
- Tax, wage and social debts -€7,757
down €7,757 (-16.9%), from €46,017 to €38,261
of which Remuneration and social security: -€6,070
- Gross operating margin -€46,693
down €46,693 (-10.7%), from €435,883 to €389,190
- Staff costs -€30,463
down €30,463 (-9.2%), from €331,753 to €301,289
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.
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 | €758,333 | €748,815 | -€9,518 | -1.3% |
| Fixed assets | 21/28 | €184,897 | €141,345 | -€43,551 | -23.6% |
| Intangible fixed assets | 21 | €2,429 | €1,650 | -€779 | -32.1% |
| Tangible fixed assets | 22/27 | €182,468 | €139,695 | -€42,772 | -23.4% |
| Plant, machinery and equipment | 23 | €97,108 | €72,246 | -€24,863 | -25.6% |
| Furniture and vehicles | 24 | €37,873 | €29,053 | -€8,820 | -23.3% |
| Other tangible fixed assets | 26 | €47,486 | €38,397 | -€9,089 | -19.1% |
| Current assets | 29/58 | €573,436 | €607,470 | +€34,033 | +5.9% |
| Amounts receivable after more than one year | 29 | €480,000 | €480,000 | = | 0.0% |
| Other amounts receivable | 291 | €480,000 | €480,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,176 | €11,795 | +€9,619 | +442.1% |
| Stocks | 30/36 | €2,176 | €11,795 | +€9,619 | +442.1% |
| Amounts receivable within one year | 40/41 | €23,219 | €38,045 | +€14,826 | +63.9% |
| Trade receivables | 40 | €4,490 | €16,623 | +€12,133 | +270.2% |
| Other amounts receivable | 41 | €18,729 | €21,422 | +€2,693 | +14.4% |
| Cash at bank and in hand | 54/58 | €65,870 | €75,012 | +€9,142 | +13.9% |
| Deferred charges and accrued income | 490/1 | €2,171 | €2,617 | +€446 | +20.5% |
| Total equity and liabilities | 10/49 | €758,333 | €748,815 | -€9,518 | -1.3% |
| Equity | 10/15 | €276,710 | €311,058 | +€34,348 | +12.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,510 | €304,858 | +€34,348 | +12.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €270,510 | €304,858 | +€34,348 | +12.7% |
| Amounts payable | 17/49 | €481,623 | €437,757 | -€43,866 | -9.1% |
| Amounts payable within one year | 42/48 | €199,623 | €155,757 | -€43,866 | -22.0% |
| Financial debts | 43 | - | €9,947 | +€9,947 | |
| Credit institutions | 430/8 | - | €9,947 | +€9,947 | |
| Trade debts | 44 | €65,208 | €21,929 | -€43,279 | -66.4% |
| Suppliers | 440/4 | €65,208 | €21,929 | -€43,279 | -66.4% |
| Taxes, remuneration and social security | 45 | €46,017 | €38,261 | -€7,757 | -16.9% |
| Taxes | 450/3 | €6,513 | €4,826 | -€1,687 | -25.9% |
| Remuneration and social security | 454/9 | €39,505 | €33,435 | -€6,070 | -15.4% |
| Other amounts payable | 47/48 | €88,398 | €85,619 | -€2,778 | -3.1% |
| Accrued charges and deferred income | 492/3 | €282,000 | €282,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €331,753 | €301,289 | -€30,463 | -9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,551 | €43,551 | = | 0.0% |
| Other operating charges | 640/8 | €5,175 | €3,118 | -€2,057 | -39.7% |
| Gross operating margin | 9900 | €435,883 | €389,190 | -€46,693 | -10.7% |
| Operating profit (loss) | 9901 | €55,403 | €41,231 | -€14,172 | -25.6% |
| Financial income | 75/76B | €19,200 | €19,200 | -€0 | 0.0% |
| Recurring financial income | 75 | €19,200 | €19,200 | -€0 | 0.0% |
| Financial charges | 65/66B | €8,412 | €8,025 | -€387 | -4.6% |
| Recurring financial charges | 65 | €8,412 | €8,025 | -€387 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €66,192 | €52,406 | -€13,786 | -20.8% |
| Income taxes | 67/77 | €22,404 | €18,058 | -€4,346 | -19.4% |
| Profit (loss) for the period | 9904 | €43,788 | €34,348 | -€9,440 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,788 | €34,348 | -€9,440 | -21.6% |
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 6 October 2026 via checked.be.