ADD VALUE: 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.
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Largest movements
- Tangible fixed assets -€14,283
down €14,283 (-22.1%), from €64,549 to €50,266
- Cash +€9,966
up €9,966 (+102%), from €9,815 to €19,781
mainly Depreciation (+€17,520) and Trade debts (+€4,798)
- Debts after one year -€8,980
down €8,980 (-43.5%), from €20,638 to €11,657
of which Financial debts: -€8,980
- Trade debts +€4,798
up €4,798 (+238%), from €2,019 to €6,816
- Tax, wage and social debts -€2,606
down €2,606 (-17.3%), from €15,041 to €12,435
of which Remuneration and social security: -€1,812
- Gross operating margin -€13,851
down €13,851 (-16.5%), from €83,756 to €69,904
- Staff costs -€13,808
down €13,808 (-23.2%), from €59,502 to €45,694
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 | €230,153 | €224,752 | -€5,401 | -2.3% |
| Fixed assets | 21/28 | €64,549 | €50,266 | -€14,283 | -22.1% |
| Tangible fixed assets | 22/27 | €64,549 | €50,266 | -€14,283 | -22.1% |
| Furniture and vehicles | 24 | €64,549 | €50,266 | -€14,283 | -22.1% |
| Current assets | 29/58 | €165,604 | €174,486 | +€8,882 | +5.4% |
| Amounts receivable within one year | 40/41 | €152,333 | €153,093 | +€759 | +0.5% |
| Trade receivables | 40 | €152,034 | €152,793 | +€759 | +0.5% |
| Other amounts receivable | 41 | €300 | €300 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,815 | €19,781 | +€9,966 | +102% |
| Deferred charges and accrued income | 490/1 | €3,456 | €1,613 | -€1,843 | -53.3% |
| Total equity and liabilities | 10/49 | €230,153 | €224,752 | -€5,401 | -2.3% |
| Equity | 10/15 | €183,834 | €184,864 | +€1,029 | +0.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €171,334 | €172,364 | +€1,029 | +0.6% |
| Distributable reserves | 133 | €171,334 | €172,364 | +€1,029 | +0.6% |
| Amounts payable | 17/49 | €46,319 | €39,889 | -€6,430 | -13.9% |
| Amounts payable after more than one year | 17 | €20,638 | €11,657 | -€8,980 | -43.5% |
| Financial debts | 170/4 | €18,988 | €10,007 | -€8,980 | -47.3% |
| Other amounts payable | 178/9 | €1,650 | €1,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €25,681 | €28,231 | +€2,550 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €8,622 | €8,980 | +€358 | +4.2% |
| Trade debts | 44 | €2,019 | €6,816 | +€4,798 | +238% |
| Suppliers | 440/4 | €2,019 | €6,816 | +€4,798 | +238% |
| Taxes, remuneration and social security | 45 | €15,041 | €12,435 | -€2,606 | -17.3% |
| Taxes | 450/3 | €8,173 | €7,379 | -€794 | -9.7% |
| Remuneration and social security | 454/9 | €6,868 | €5,056 | -€1,812 | -26.4% |
| Remuneration, social security and pensions | 62 | €59,502 | €45,694 | -€13,808 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,788 | €17,520 | +€732 | +4.4% |
| Other operating charges | 640/8 | €3,805 | €3,481 | -€323 | -8.5% |
| Gross operating margin | 9900 | €83,756 | €69,904 | -€13,851 | -16.5% |
| Operating profit (loss) | 9901 | €3,661 | €3,209 | -€452 | -12.3% |
| Financial charges | 65/66B | €2,172 | €1,399 | -€773 | -35.6% |
| Recurring financial charges | 65 | €2,172 | €1,399 | -€773 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €1,489 | €1,810 | +€321 | +21.6% |
| Income taxes | 67/77 | €1,029 | €781 | -€249 | -24.1% |
| Profit (loss) for the period | 9904 | €459 | €1,029 | +€570 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €459 | €1,029 | +€570 | +124% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.