Administr’at: 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.
Administr’at
Largest movements
- Receivables within one year +€128,795
up €128,795 (+609%), from €21,143 to €149,939
of which Trade receivables: +€113,386
- Receivables after one year +€89,124
up €89,124 (+205%), from €43,421 to €132,544
of which Other amounts receivable: +€132,544
- Cash -€15,556
down €15,556 (-91.5%), from €17,000 to €1,443
mainly Receivables within one year (-€128,795) and Receivables after one year (-€89,124)
- Trade debts +€137,640
up €137,640 (+1,733%), from €7,941 to €145,581
- Other debts +€41,200
up €41,200 (+710%), from €5,800 to €47,000
- Profit (loss) carried forward +€36,981
up €36,981 (+88.8%), from €41,643 to €78,624
- Tax, wage and social debts -€22,584
down €22,584 (-70.4%), from €32,067 to €9,483
of which Taxes: -€21,441
- Current portion of long-term debt +€6,596
new in 2025: €6,596
- Gross operating margin +€68,081
up €68,081 (+114%), from €59,722 to €127,803
- Staff costs +€20,345
up €20,345 (+259%), from €7,850 to €28,195
- Taxes -€8,833
down €8,833 (-90.0%), from €9,813 to €980
- Other operating charges +€7,692
up €7,692 (+1,028%), from €749 to €8,441
- Financial charges +€7,034
up €7,034 (+396%), from €1,776 to €8,810
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 | €88,950 | €288,784 | +€199,834 | +225% |
| Fixed assets | 21/28 | €5,021 | €4,505 | -€516 | -10.3% |
| Tangible fixed assets | 22/27 | €4,796 | €4,280 | -€516 | -10.8% |
| Furniture and vehicles | 24 | €4,796 | €4,280 | -€516 | -10.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €83,929 | €284,279 | +€200,350 | +239% |
| Amounts receivable after more than one year | 29 | €43,421 | €132,544 | +€89,124 | +205% |
| Trade receivables | 290 | €43,421 | - | -€43,421 | |
| Other amounts receivable | 291 | - | €132,544 | +€132,544 | |
| Amounts receivable within one year | 40/41 | €21,143 | €149,939 | +€128,795 | +609% |
| Trade receivables | 40 | €21,143 | €134,529 | +€113,386 | +536% |
| Other amounts receivable | 41 | - | €15,409 | +€15,409 | |
| Cash at bank and in hand | 54/58 | €17,000 | €1,443 | -€15,556 | -91.5% |
| Deferred charges and accrued income | 490/1 | €2,365 | €352 | -€2,013 | -85.1% |
| Total equity and liabilities | 10/49 | €88,950 | €288,784 | +€199,834 | +225% |
| Equity | 10/15 | €43,143 | €80,124 | +€36,981 | +85.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,643 | €78,624 | +€36,981 | +88.8% |
| Amounts payable | 17/49 | €45,808 | €208,660 | +€162,852 | +356% |
| Amounts payable within one year | 42/48 | €45,808 | €208,660 | +€162,852 | +356% |
| Current portion of amounts payable after more than one year | 42 | - | €6,596 | +€6,596 | |
| Trade debts | 44 | €7,941 | €145,581 | +€137,640 | +1,733% |
| Suppliers | 440/4 | €7,941 | €145,581 | +€137,640 | +1,733% |
| Taxes, remuneration and social security | 45 | €32,067 | €9,483 | -€22,584 | -70.4% |
| Taxes | 450/3 | €30,924 | €9,483 | -€21,441 | -69.3% |
| Remuneration and social security | 454/9 | €1,142 | - | -€1,142 | |
| Other amounts payable | 47/48 | €5,800 | €47,000 | +€41,200 | +710% |
| Remuneration, social security and pensions | 62 | €7,850 | €28,195 | +€20,345 | +259% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951 | €2,405 | +€1,455 | +153% |
| Other operating charges | 640/8 | €749 | €8,441 | +€7,692 | +1,028% |
| Gross operating margin | 9900 | €59,722 | €127,803 | +€68,081 | +114% |
| Operating profit (loss) | 9901 | €50,173 | €88,762 | +€38,589 | +76.9% |
| Financial income | 75/76B | €1,127 | €10 | -€1,117 | -99.1% |
| Recurring financial income | 75 | €1,127 | €10 | -€1,117 | -99.1% |
| Financial charges | 65/66B | €1,776 | €8,810 | +€7,034 | +396% |
| Recurring financial charges | 65 | €1,776 | €8,810 | +€7,034 | +396% |
| Profit (loss) for the period before taxes | 9903 | €49,524 | €79,962 | +€30,437 | +61.5% |
| Income taxes | 67/77 | €9,813 | €980 | -€8,833 | -90.0% |
| Profit (loss) for the period | 9904 | €39,711 | €78,981 | +€39,270 | +98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,711 | €78,981 | +€39,270 | +98.9% |
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 14 October 2026 via checked.be.