A3: 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.
A3
Largest movements
- Cash -€27,622
down €27,622 (-74.2%), from €37,210 to €9,588
mainly Net result for the year (-€22,887) and Other debts (-€6,948)
- Receivables within one year +€6,861
up €6,861 (+85.7%), from €8,007 to €14,869
of which Trade receivables: +€6,989
- Tangible fixed assets -€6,015
down €6,015 (-37.4%), from €16,067 to €10,053
of which Furniture and vehicles: -€5,342
- Stocks and contracts +€1,043
up €1,043 (+76.3%), from €1,366 to €2,409
- Profit (loss) carried forward -€22,887
down €22,887 (-45.5%), from -€50,302 to -€73,188
- Trade debts +€11,197
up €11,197 (+295.3%), from €3,791 to €14,988
- Other debts -€6,948
down €6,948 (-26.0%), from €26,722 to €19,774
- Debts after one year -€3,290
down €3,290 (-100.0%), from €3,290 to €0
- Current portion of long-term debt -€2,218
down €2,218 (-40.3%), from €5,509 to €3,290
- Gross operating margin -€66,680
down €66,680, from €53,295 to -€13,385
- Depreciation +€823
up €823 (+15.8%), from €5,192 to €6,015
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 | €63,366 | €37,634 | -€25,732 | -40.6% |
| Fixed assets | 21/28 | €16,782 | €10,767 | -€6,015 | -35.8% |
| Tangible fixed assets | 22/27 | €16,067 | €10,053 | -€6,015 | -37.4% |
| Plant, machinery and equipment | 23 | €2,454 | €1,781 | -€673 | -27.4% |
| Furniture and vehicles | 24 | €13,613 | €8,271 | -€5,342 | -39.2% |
| Financial fixed assets | 28 | €715 | €715 | = | 0.0% |
| Current assets | 29/58 | €46,584 | €26,866 | -€19,718 | -42.3% |
| Stocks and contracts in progress | 3 | €1,366 | €2,409 | +€1,043 | +76.3% |
| Stocks | 30/36 | €1,366 | €2,409 | +€1,043 | +76.3% |
| Amounts receivable within one year | 40/41 | €8,007 | €14,869 | +€6,861 | +85.7% |
| Trade receivables | 40 | €4,796 | €11,786 | +€6,989 | +145.7% |
| Other amounts receivable | 41 | €3,211 | €3,083 | -€128 | -4.0% |
| Cash at bank and in hand | 54/58 | €37,210 | €9,588 | -€27,622 | -74.2% |
| Total equity and liabilities | 10/49 | €63,366 | €37,634 | -€25,732 | -40.6% |
| Equity | 10/15 | €22,036 | -€850 | -€22,887 | |
| 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 | €10,338 | €10,338 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,138 | €4,138 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,302 | -€73,188 | -€22,887 | -45.5% |
| Amounts payable | 17/49 | €41,330 | €38,484 | -€2,846 | -6.9% |
| Amounts payable after more than one year | 17 | €3,290 | €0 | -€3,290 | -100.0% |
| Financial debts | 170/4 | €3,290 | €0 | -€3,290 | -100.0% |
| Amounts payable within one year | 42/48 | €38,039 | €38,484 | +€445 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €5,509 | €3,290 | -€2,218 | -40.3% |
| Trade debts | 44 | €3,791 | €14,988 | +€11,197 | +295.3% |
| Suppliers | 440/4 | €3,791 | €14,988 | +€11,197 | +295.3% |
| Taxes, remuneration and social security | 45 | €2,017 | €431 | -€1,586 | -78.6% |
| Taxes | 450/3 | €2,017 | €431 | -€1,586 | -78.6% |
| Other amounts payable | 47/48 | €26,722 | €19,774 | -€6,948 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,192 | €6,015 | +€823 | +15.8% |
| Other operating charges | 640/8 | €1,281 | €1,378 | +€96 | +7.5% |
| Gross operating margin | 9900 | €53,295 | -€13,385 | -€66,680 | |
| Operating profit (loss) | 9901 | €46,822 | -€20,777 | -€67,599 | |
| Financial income | 75/76B | €0 | €23 | +€23 | +22750.0% |
| Recurring financial income | 75 | €0 | €23 | +€23 | +22750.0% |
| Financial charges | 65/66B | €2,095 | €2,132 | +€37 | +1.8% |
| Recurring financial charges | 65 | €2,095 | €2,132 | +€37 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €44,727 | -€22,887 | -€67,613 | |
| Profit (loss) for the period | 9904 | €44,727 | -€22,887 | -€67,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,727 | -€22,887 | -€67,613 |
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 3 October 2026 via checked.be.