A & C: 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.
A & C
Largest movements
- Stocks and contracts -€25,988
down €25,988 (-18.5%), from €140,502 to €114,514
- Profit (loss) carried forward -€12,573
down €12,573 (-8.5%), from -€148,414 to -€160,986
- Other debts -€8,379
down €8,379 (-10.9%), from €76,973 to €68,594
- Trade debts -€3,915
down €3,915 (-14.1%), from €27,701 to €23,786
- Accrued charges and deferred income -€2,116
down €2,116 (-100%), from €2,116 to €0
- Write-downs -€4,591
down €4,591, from €853 to -€3,738
- Gross operating margin -€2,751
down €2,751 (-44.7%), from -€6,158 to -€8,909
- Financial charges -€1,200
down €1,200 (-25.6%), from €4,696 to €3,496
- Other operating charges -€194
down €194 (-5.0%), from €3,849 to €3,655
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 | €169,328 | €142,436 | -€26,892 | -15.9% |
| Fixed assets | 21/28 | €24,780 | €24,780 | = | 0.0% |
| Tangible fixed assets | 22/27 | €24,780 | €24,780 | = | 0.0% |
| Land and buildings | 22 | €24,780 | €24,780 | = | 0.0% |
| Current assets | 29/58 | €144,548 | €117,656 | -€26,892 | -18.6% |
| Stocks and contracts in progress | 3 | €140,502 | €114,514 | -€25,988 | -18.5% |
| Stocks | 30/36 | €140,502 | €114,514 | -€25,988 | -18.5% |
| Amounts receivable within one year | 40/41 | €461 | €817 | +€356 | +77.1% |
| Other amounts receivable | 41 | €461 | €817 | +€356 | +77.1% |
| Cash at bank and in hand | 54/58 | €1,562 | €1,059 | -€503 | -32.2% |
| Deferred charges and accrued income | 490/1 | €2,023 | €1,266 | -€756 | -37.4% |
| Total equity and liabilities | 10/49 | €169,328 | €142,436 | -€26,892 | -15.9% |
| Equity | 10/15 | -€80,023 | -€92,596 | -€12,573 | -15.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,391 | €6,391 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,601 | €2,601 | = | 0.0% |
| Legal reserve | 130 | €2,601 | €2,601 | = | 0.0% |
| Distributable reserves | 133 | €3,790 | €3,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,414 | -€160,986 | -€12,573 | -8.5% |
| Amounts payable | 17/49 | €249,351 | €235,032 | -€14,319 | -5.7% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Financial debts | 170/4 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €137,235 | €125,032 | -€12,203 | -8.9% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €27,701 | €23,786 | -€3,915 | -14.1% |
| Suppliers | 440/4 | €27,701 | €23,786 | -€3,915 | -14.1% |
| Taxes, remuneration and social security | 45 | €2,561 | €2,652 | +€91 | +3.5% |
| Taxes | 450/3 | €2,561 | €2,652 | +€91 | +3.5% |
| Other amounts payable | 47/48 | €76,973 | €68,594 | -€8,379 | -10.9% |
| Accrued charges and deferred income | 492/3 | €2,116 | €0 | -€2,116 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87 | €0 | -€87 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €853 | -€3,738 | -€4,591 | |
| Other operating charges | 640/8 | €3,849 | €3,655 | -€194 | -5.0% |
| Non-recurring operating charges | 66A | €233 | €0 | -€233 | -100% |
| Gross operating margin | 9900 | -€6,158 | -€8,909 | -€2,751 | -44.7% |
| Operating profit (loss) | 9901 | -€11,181 | -€8,826 | +€2,355 | +21.1% |
| Financial income | 75/76B | €80 | €8 | -€72 | -89.9% |
| Recurring financial income | 75 | €80 | €8 | -€72 | -89.9% |
| Financial charges | 65/66B | €4,696 | €3,496 | -€1,200 | -25.6% |
| Recurring financial charges | 65 | €4,696 | €3,496 | -€1,200 | -25.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,797 | -€12,314 | +€3,483 | +22.0% |
| Income taxes | 67/77 | €244 | €259 | +€14 | +5.9% |
| Profit (loss) for the period | 9904 | -€16,041 | -€12,573 | +€3,468 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,041 | -€12,573 | +€3,468 | +21.6% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.