889: 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.
889
Largest movements
- Tangible fixed assets -€320,945
down €320,945 (-90.0%), from €356,560 to €35,615
of which Plant, machinery and equipment: -€292,207
- Intangible fixed assets -€66,944
no longer reported in 2025 (was €66,944)
- Receivables within one year +€33,896
up €33,896 (+2753.8%), from €1,231 to €35,127
of which Trade receivables: +€29,851
- Cash +€5,498
up €5,498 (+72.3%), from €7,608 to €13,106
mainly Investment in fixed assets (net) (+€388,683) and Current portion of long-term debt (+€28,841)
- Profit (loss) carried forward -€305,015
down €305,015 (-156.4%), from -€195,075 to -€500,091
- Debts after one year -€54,477
down €54,477 (-21.7%), from €250,703 to €196,226
- Current portion of long-term debt +€28,841
up €28,841 (+40.7%), from €70,833 to €99,674
- Trade debts -€16,763
down €16,763 (-9.4%), from €177,414 to €160,651
- Gross operating margin +€78,330
up €78,330 (+737.8%), from €10,617 to €88,946
- Depreciation -€42,135
down €42,135 (-100.0%), from €42,145 to €10
- Financial income +€37,082
up €37,082 (+11175.6%), from €332 to €37,413
of which Non-recurring financial income: +€37,413
- Staff costs -€5,027
down €5,027 (-98.4%), from €5,109 to €82
- Financial charges -€4,535
down €4,535 (-40.1%), from €11,302 to €6,767
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 | €438,747 | €89,448 | -€349,299 | -79.6% |
| Formation expenses | 20 | €803 | - | -€803 | |
| Fixed assets | 21/28 | €429,105 | €41,215 | -€387,890 | -90.4% |
| Intangible fixed assets | 21 | €66,944 | - | -€66,944 | |
| Tangible fixed assets | 22/27 | €356,560 | €35,615 | -€320,945 | -90.0% |
| Land and buildings | 22 | €24,776 | - | -€24,776 | |
| Plant, machinery and equipment | 23 | €327,822 | €35,615 | -€292,207 | -89.1% |
| Furniture and vehicles | 24 | €3,962 | - | -€3,962 | |
| Financial fixed assets | 28 | €5,600 | €5,600 | = | 0.0% |
| Current assets | 29/58 | €8,839 | €48,233 | +€39,394 | +445.7% |
| Amounts receivable within one year | 40/41 | €1,231 | €35,127 | +€33,896 | +2753.8% |
| Trade receivables | 40 | - | €29,851 | +€29,851 | |
| Other amounts receivable | 41 | €1,231 | €5,276 | +€4,045 | +328.6% |
| Cash at bank and in hand | 54/58 | €7,608 | €13,106 | +€5,498 | +72.3% |
| Total equity and liabilities | 10/49 | €438,747 | €89,448 | -€349,299 | -79.6% |
| Equity | 10/15 | -€155,075 | -€460,091 | -€305,015 | -196.7% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€195,075 | -€500,091 | -€305,015 | -156.4% |
| Amounts payable | 17/49 | €593,822 | €549,538 | -€44,284 | -7.5% |
| Amounts payable after more than one year | 17 | €250,703 | €196,226 | -€54,477 | -21.7% |
| Financial debts | 170/4 | €250,703 | €196,226 | -€54,477 | -21.7% |
| Amounts payable within one year | 42/48 | €340,134 | €352,886 | +€12,752 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €70,833 | €99,674 | +€28,841 | +40.7% |
| Trade debts | 44 | €177,414 | €160,651 | -€16,763 | -9.4% |
| Suppliers | 440/4 | €177,414 | €160,651 | -€16,763 | -9.4% |
| Taxes, remuneration and social security | 45 | €886 | €886 | = | 0.0% |
| Remuneration and social security | 454/9 | €886 | €886 | = | 0.0% |
| Other amounts payable | 47/48 | €91,001 | €91,674 | +€673 | +0.7% |
| Accrued charges and deferred income | 492/3 | €2,985 | €426 | -€2,559 | -85.7% |
| Remuneration, social security and pensions | 62 | €5,109 | €82 | -€5,027 | -98.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,145 | €10 | -€42,135 | -100.0% |
| Other operating charges | 640/8 | €765 | €209 | -€556 | -72.7% |
| Non-recurring operating charges | 66A | - | €424,307 | +€424,307 | |
| Gross operating margin | 9900 | €10,617 | €88,946 | +€78,330 | +737.8% |
| Operating profit (loss) | 9901 | -€37,402 | -€335,662 | -€298,260 | -797.4% |
| Financial income | 75/76B | €332 | €37,413 | +€37,082 | +11175.6% |
| Recurring financial income | 75 | €332 | €0 | -€332 | -100.0% |
| Non-recurring financial income | 76B | - | €37,413 | +€37,413 | |
| Financial charges | 65/66B | €11,302 | €6,767 | -€4,535 | -40.1% |
| Recurring financial charges | 65 | €11,302 | €6,767 | -€4,535 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | -€48,372 | -€305,015 | -€256,644 | -530.6% |
| Profit (loss) for the period | 9904 | -€48,372 | -€305,015 | -€256,644 | -530.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,372 | -€305,015 | -€256,644 | -530.6% |
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 8 October 2026 via checked.be.