Ad Next: 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.
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Largest movements
- Cash +€20,239
up €20,239 (+254.1%), from €7,966 to €28,204
mainly Other debts (+€204,673) and Net result for the year (+€94,213)
- Tangible fixed assets +€17,856
up €17,856 (+1.9%), from €917,478 to €935,333
of which Land and buildings: +€18,651
- Receivables within one year -€11,492
down €11,492 (-86.1%), from €13,353 to €1,861
of which Other amounts receivable: -€11,492
- Other debts +€204,673
up €204,673 (+155.4%), from €131,696 to €336,370
- Reserves -€124,941
down €124,941 (-57.6%), from €217,017 to €92,076
of which Distributable reserves: -€124,941
- Debts after one year -€53,684
down €53,684 (-10.6%), from €505,706 to €452,021
- Gross operating margin +€76,635
up €76,635 (+65.0%), from €117,971 to €194,606
- Other operating charges -€51,669
down €51,669 (-90.9%), from €56,838 to €5,169
- Taxes +€23,946
up €23,946 (+7338.1%), from €326 to €24,273
- Depreciation +€5,715
up €5,715 (+14.7%), from €38,783 to €44,498
- Financial charges +€4,287
up €4,287 (+19.3%), from €22,166 to €26,453
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 | €947,031 | €971,971 | +€24,940 | +2.6% |
| Fixed assets | 21/28 | €917,478 | €935,333 | +€17,856 | +1.9% |
| Tangible fixed assets | 22/27 | €917,478 | €935,333 | +€17,856 | +1.9% |
| Land and buildings | 22 | €914,394 | €933,045 | +€18,651 | +2.0% |
| Plant, machinery and equipment | 23 | €1,707 | €1,508 | -€199 | -11.6% |
| Furniture and vehicles | 24 | €1,376 | €780 | -€597 | -43.3% |
| Current assets | 29/58 | €29,554 | €36,637 | +€7,084 | +24.0% |
| Amounts receivable within one year | 40/41 | €13,353 | €1,861 | -€11,492 | -86.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,353 | €1,861 | -€11,492 | -86.1% |
| Cash at bank and in hand | 54/58 | €7,966 | €28,204 | +€20,239 | +254.1% |
| Deferred charges and accrued income | 490/1 | €8,235 | €6,572 | -€1,663 | -20.2% |
| Total equity and liabilities | 10/49 | €947,031 | €971,971 | +€24,940 | +2.6% |
| Equity | 10/15 | €235,617 | €110,676 | -€124,941 | -53.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,017 | €92,076 | -€124,941 | -57.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €23,452 | €23,452 | = | 0.0% |
| Distributable reserves | 133 | €193,565 | €68,624 | -€124,941 | -64.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €711,414 | €861,295 | +€149,881 | +21.1% |
| Amounts payable after more than one year | 17 | €505,706 | €452,021 | -€53,684 | -10.6% |
| Financial debts | 170/4 | €505,706 | €452,021 | -€53,684 | -10.6% |
| Amounts payable within one year | 42/48 | €196,833 | €400,108 | +€203,274 | +103.3% |
| Current portion of amounts payable after more than one year | 42 | €55,127 | €53,684 | -€1,442 | -2.6% |
| Trade debts | 44 | €2,671 | €1,837 | -€834 | -31.2% |
| Suppliers | 440/4 | €2,671 | €1,837 | -€834 | -31.2% |
| Taxes, remuneration and social security | 45 | €7,340 | €8,217 | +€877 | +12.0% |
| Taxes | 450/3 | €7,340 | €7,917 | +€577 | +7.9% |
| Remuneration and social security | 454/9 | - | €300 | +€300 | |
| Other amounts payable | 47/48 | €131,696 | €336,370 | +€204,673 | +155.4% |
| Accrued charges and deferred income | 492/3 | €8,875 | €9,166 | +€291 | +3.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,783 | €44,498 | +€5,715 | +14.7% |
| Other operating charges | 640/8 | €56,838 | €5,169 | -€51,669 | -90.9% |
| Gross operating margin | 9900 | €117,971 | €194,606 | +€76,635 | +65.0% |
| Operating profit (loss) | 9901 | €22,349 | €144,938 | +€122,589 | +548.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +58.3% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +58.3% |
| Financial charges | 65/66B | €22,166 | €26,453 | +€4,287 | +19.3% |
| Recurring financial charges | 65 | €22,166 | €26,453 | +€4,287 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €184 | €118,486 | +€118,302 | +64424.2% |
| Income taxes | 67/77 | €326 | €24,273 | +€23,946 | +7338.1% |
| Profit (loss) for the period | 9904 | -€143 | €94,213 | +€94,356 | |
| Profit (loss) for the period to be appropriated | 9905 | -€143 | €94,213 | +€94,356 |
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 1 October 2026 via checked.be.