A 4: 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.
A 4
Largest movements
- Tangible fixed assets -€3,752
down €3,752 (-18.6%), from €20,132 to €16,380
of which Land and buildings: -€2,883
- Cash +€1,510
new in 2025: €1,510
mainly Other debts (+€8,486) and Depreciation (+€3,752)
- Receivables within one year -€976
down €976 (-69.0%), from €1,414 to €438
of which Trade receivables: -€847
- Deferred charges and accrued income +€225
new in 2025: €225
- Profit (loss) carried forward -€10,164
down €10,164 (-10.3%), from -€98,734 to -€108,898
- Other debts +€8,486
up €8,486 (+8.4%), from €100,433 to €108,919
- Trade debts -€1,528
down €1,528 (-96.1%), from €1,590 to €61
- Accrued charges and deferred income +€300
new in 2025: €300
- Other operating charges -€1,016
down €1,016 (-55.4%), from €1,833 to €817
- Gross operating margin -€262
down €262 (-5.1%), from -€5,157 to -€5,419
- Financial charges +€128
up €128 (+262.5%), from €49 to €177
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 | €21,968 | €18,974 | -€2,994 | -13.6% |
| Fixed assets | 21/28 | €20,554 | €16,801 | -€3,752 | -18.3% |
| Tangible fixed assets | 22/27 | €20,132 | €16,380 | -€3,752 | -18.6% |
| Land and buildings | 22 | €19,045 | €16,163 | -€2,883 | -15.1% |
| Plant, machinery and equipment | 23 | €1,087 | €217 | -€870 | -80.0% |
| Financial fixed assets | 28 | €421 | €421 | = | 0.0% |
| Current assets | 29/58 | €1,414 | €2,173 | +€759 | +53.6% |
| Amounts receivable within one year | 40/41 | €1,414 | €438 | -€976 | -69.0% |
| Trade receivables | 40 | €1,285 | €438 | -€847 | -65.9% |
| Other amounts receivable | 41 | €129 | €0 | -€129 | -100.0% |
| Cash at bank and in hand | 54/58 | - | €1,510 | +€1,510 | |
| Deferred charges and accrued income | 490/1 | - | €225 | +€225 | |
| Total equity and liabilities | 10/49 | €21,968 | €18,974 | -€2,994 | -13.6% |
| Equity | 10/15 | -€80,142 | -€90,306 | -€10,164 | -12.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€98,734 | -€108,898 | -€10,164 | -10.3% |
| Amounts payable | 17/49 | €102,110 | €109,280 | +€7,170 | +7.0% |
| Amounts payable within one year | 42/48 | €102,110 | €108,980 | +€6,870 | +6.7% |
| Financial debts | 43 | €87 | €0 | -€87 | -100.0% |
| Credit institutions | 430/8 | €87 | €0 | -€87 | -100.0% |
| Trade debts | 44 | €1,590 | €61 | -€1,528 | -96.1% |
| Suppliers | 440/4 | €1,590 | €61 | -€1,528 | -96.1% |
| Other amounts payable | 47/48 | €100,433 | €108,919 | +€8,486 | +8.4% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,752 | €3,752 | = | 0.0% |
| Other operating charges | 640/8 | €1,833 | €817 | -€1,016 | -55.4% |
| Gross operating margin | 9900 | -€5,157 | -€5,419 | -€262 | -5.1% |
| Operating profit (loss) | 9901 | -€10,741 | -€9,988 | +€754 | +7.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €49 | €177 | +€128 | +262.5% |
| Recurring financial charges | 65 | €49 | €177 | +€128 | +262.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,790 | -€10,164 | +€626 | +5.8% |
| Profit (loss) for the period | 9904 | -€10,790 | -€10,164 | +€626 | +5.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,790 | -€10,164 | +€626 | +5.8% |
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 28 September 2026 via checked.be.