A & L: 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 & L
Largest movements
- Stocks and contracts +€14,259
up €14,259 (+11.2%), from €127,329 to €141,587
- Cash +€4,894
up €4,894 (+133.5%), from €3,667 to €8,560
mainly Trade debts (+€12,672) and Other debts (+€5,239)
- Receivables within one year -€1,779
down €1,779 (-11.1%), from €15,977 to €14,198
- Trade debts +€12,672
up €12,672 (+86.5%), from €14,658 to €27,331
- Other debts +€5,239
up €5,239 (+31.0%), from €16,887 to €22,126
- Tax, wage and social debts -€3,384
down €3,384 (-29.7%), from €11,391 to €8,007
- Profit (loss) carried forward +€2,479
up €2,479 (+9.8%), from €25,355 to €27,834
- Gross operating margin -€14,391
down €14,391 (-78.5%), from €18,343 to €3,952
- Depreciation -€558
down €558 (-60.3%), from €925 to €367
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 | €147,528 | €164,534 | +€17,007 | +11.5% |
| Fixed assets | 21/28 | €555 | €188 | -€367 | -66.1% |
| Tangible fixed assets | 22/27 | €555 | €188 | -€367 | -66.1% |
| Plant, machinery and equipment | 23 | €425 | €160 | -€264 | -62.3% |
| Furniture and vehicles | 24 | €130 | €28 | -€102 | -78.7% |
| Current assets | 29/58 | €146,973 | €164,346 | +€17,373 | +11.8% |
| Stocks and contracts in progress | 3 | €127,329 | €141,587 | +€14,259 | +11.2% |
| Stocks | 30/36 | €127,329 | €141,587 | +€14,259 | +11.2% |
| Amounts receivable within one year | 40/41 | €15,977 | €14,198 | -€1,779 | -11.1% |
| Trade receivables | 40 | €15,977 | €14,198 | -€1,779 | -11.1% |
| Cash at bank and in hand | 54/58 | €3,667 | €8,560 | +€4,894 | +133.5% |
| Total equity and liabilities | 10/49 | €147,528 | €164,534 | +€17,007 | +11.5% |
| Equity | 10/15 | €104,591 | €107,070 | +€2,479 | +2.4% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €17,263 | €17,263 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €11,066 | €11,066 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,355 | €27,834 | +€2,479 | +9.8% |
| Amounts payable | 17/49 | €42,937 | €57,464 | +€14,527 | +33.8% |
| Amounts payable within one year | 42/48 | €42,937 | €57,464 | +€14,527 | +33.8% |
| Trade debts | 44 | €14,658 | €27,331 | +€12,672 | +86.5% |
| Suppliers | 440/4 | €14,658 | €27,331 | +€12,672 | +86.5% |
| Taxes, remuneration and social security | 45 | €11,391 | €8,007 | -€3,384 | -29.7% |
| Taxes | 450/3 | €11,391 | €8,007 | -€3,384 | -29.7% |
| Other amounts payable | 47/48 | €16,887 | €22,126 | +€5,239 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €925 | €367 | -€558 | -60.3% |
| Other operating charges | 640/8 | €788 | €799 | +€12 | +1.5% |
| Gross operating margin | 9900 | €18,343 | €3,952 | -€14,391 | -78.5% |
| Operating profit (loss) | 9901 | €16,630 | €2,786 | -€13,844 | -83.2% |
| Financial charges | 65/66B | €485 | €306 | -€178 | -36.8% |
| Recurring financial charges | 65 | €485 | €306 | -€178 | -36.8% |
| Profit (loss) for the period before taxes | 9903 | €16,145 | €2,479 | -€13,666 | -84.6% |
| Profit (loss) for the period | 9904 | €16,145 | €2,479 | -€13,666 | -84.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,145 | €2,479 | -€13,666 | -84.6% |
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 7 October 2026 via checked.be.