A & A: 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 & A
Largest movements
- Receivables within one year +€21,979
up €21,979 (+9.7%), from €226,480 to €248,459
of which Trade receivables: +€51,414
- Cash -€18,503
down €18,503 (-47.7%), from €38,771 to €20,268
mainly Other debts (-€213,272) and Receivables within one year (-€21,979)
- Other debts -€213,272
down €213,272 (-95.8%), from €222,696 to €9,424
- Trade debts +€197,257
up €197,257 (+1486.8%), from €13,267 to €210,524
- Tax, wage and social debts +€18,102
up €18,102 (+272.9%), from €6,632 to €24,734
- Gross operating margin -€4,205
down €4,205 (-6.0%), from €69,635 to €65,430
- Staff costs -€2,886
down €2,886 (-6.1%), from €47,270 to €44,384
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 | €274,551 | €278,027 | +€3,476 | +1.3% |
| Fixed assets | 21/28 | €9,300 | €9,300 | = | 0.0% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €265,251 | €268,727 | +€3,476 | +1.3% |
| Amounts receivable within one year | 40/41 | €226,480 | €248,459 | +€21,979 | +9.7% |
| Trade receivables | 40 | €180,211 | €231,625 | +€51,414 | +28.5% |
| Other amounts receivable | 41 | €46,269 | €16,834 | -€29,435 | -63.6% |
| Cash at bank and in hand | 54/58 | €38,771 | €20,268 | -€18,503 | -47.7% |
| Total equity and liabilities | 10/49 | €274,551 | €278,027 | +€3,476 | +1.3% |
| Equity | 10/15 | €28,808 | €29,963 | +€1,155 | +4.0% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Outside capital | 11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Share premium | 1100/10 | - | €20,460 | +€20,460 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €10,208 | €9,503 | -€705 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €8,348 | €9,503 | +€1,155 | +13.8% |
| Amounts payable | 17/49 | €245,743 | €248,064 | +€2,321 | +0.9% |
| Amounts payable within one year | 42/48 | €245,743 | €248,064 | +€2,321 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €3,148 | €3,382 | +€234 | +7.4% |
| Trade debts | 44 | €13,267 | €210,524 | +€197,257 | +1486.8% |
| Suppliers | 440/4 | €13,267 | €210,524 | +€197,257 | +1486.8% |
| Taxes, remuneration and social security | 45 | €6,632 | €24,734 | +€18,102 | +272.9% |
| Taxes | 450/3 | €6,632 | €24,734 | +€18,102 | +272.9% |
| Other amounts payable | 47/48 | €222,696 | €9,424 | -€213,272 | -95.8% |
| Remuneration, social security and pensions | 62 | €47,270 | €44,384 | -€2,886 | -6.1% |
| Other operating charges | 640/8 | €701 | €668 | -€33 | -4.7% |
| Gross operating margin | 9900 | €69,635 | €65,430 | -€4,205 | -6.0% |
| Operating profit (loss) | 9901 | €21,664 | €20,378 | -€1,286 | -5.9% |
| Financial charges | 65/66B | €2,516 | €2,261 | -€255 | -10.1% |
| Recurring financial charges | 65 | €2,516 | €2,261 | -€255 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €19,148 | €18,117 | -€1,031 | -5.4% |
| Income taxes | 67/77 | €16,331 | €16,961 | +€630 | +3.9% |
| Profit (loss) for the period | 9904 | €2,817 | €1,156 | -€1,661 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,817 | €1,156 | -€1,661 | -59.0% |
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.