AJUSTE: 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.
AJUSTE
Largest movements
- Cash -€13,666
down €13,666 (-66.5%), from €20,537 to €6,871
mainly Contributions, distributions and other (-€13,111) and Receivables within one year (-€8,563)
- Receivables within one year +€8,563
up €8,563 (+141.7%), from €6,042 to €14,606
of which Trade receivables: +€7,366
- Tangible fixed assets -€2,375
down €2,375 (-3.0%), from €78,083 to €75,707
- Tax, wage and social debts -€7,863
down €7,863 (-69.8%), from €11,259 to €3,396
of which Taxes: -€7,863
- Debts after one year -€3,316
down €3,316 (-9.2%), from €36,087 to €32,771
- Trade debts +€2,440
up €2,440 (+373.2%), from €654 to €3,094
- Other debts +€1,574
up €1,574 (+6.1%), from €25,972 to €27,546
- Gross operating margin -€8,588
down €8,588 (-20.6%), from €41,618 to €33,030
- Taxes -€1,966
down €1,966 (-16.7%), from €11,769 to €9,803
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 | €104,662 | €97,184 | -€7,477 | -7.1% |
| Fixed assets | 21/28 | €78,083 | €75,707 | -€2,375 | -3.0% |
| Tangible fixed assets | 22/27 | €78,083 | €75,707 | -€2,375 | -3.0% |
| Land and buildings | 22 | €73,658 | €73,200 | -€458 | -0.6% |
| Plant, machinery and equipment | 23 | €2,199 | €1,183 | -€1,016 | -46.2% |
| Furniture and vehicles | 24 | €2,226 | €1,324 | -€901 | -40.5% |
| Current assets | 29/58 | €26,579 | €21,477 | -€5,102 | -19.2% |
| Amounts receivable within one year | 40/41 | €6,042 | €14,606 | +€8,563 | +141.7% |
| Trade receivables | 40 | €6,042 | €13,408 | +€7,366 | +121.9% |
| Other amounts receivable | 41 | €0 | €1,197 | +€1,197 | |
| Cash at bank and in hand | 54/58 | €20,537 | €6,871 | -€13,666 | -66.5% |
| Total equity and liabilities | 10/49 | €104,662 | €97,184 | -€7,477 | -7.1% |
| Equity | 10/15 | €26,329 | €26,329 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,329 | €23,329 | = | 0.0% |
| Distributable reserves | 133 | €23,329 | €23,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €78,333 | €70,856 | -€7,477 | -9.5% |
| Amounts payable after more than one year | 17 | €36,087 | €32,771 | -€3,316 | -9.2% |
| Financial debts | 170/4 | €36,087 | €32,771 | -€3,316 | -9.2% |
| Amounts payable within one year | 42/48 | €41,107 | €37,353 | -€3,754 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €3,222 | €3,316 | +€94 | +2.9% |
| Trade debts | 44 | €654 | €3,094 | +€2,440 | +373.2% |
| Suppliers | 440/4 | €654 | €3,094 | +€2,440 | +373.2% |
| Taxes, remuneration and social security | 45 | €11,259 | €3,396 | -€7,863 | -69.8% |
| Taxes | 450/3 | €11,259 | €3,396 | -€7,863 | -69.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €25,972 | €27,546 | +€1,574 | +6.1% |
| Accrued charges and deferred income | 492/3 | €1,139 | €732 | -€407 | -35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,765 | €6,955 | +€190 | +2.8% |
| Other operating charges | 640/8 | €971 | €869 | -€102 | -10.5% |
| Gross operating margin | 9900 | €41,618 | €33,030 | -€8,588 | -20.6% |
| Operating profit (loss) | 9901 | €33,881 | €25,206 | -€8,676 | -25.6% |
| Financial income | 75/76B | €0 | €2 | +€2 | +778.3% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +778.3% |
| Financial charges | 65/66B | €2,525 | €2,294 | -€231 | -9.1% |
| Recurring financial charges | 65 | €2,525 | €2,294 | -€231 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €31,357 | €22,914 | -€8,443 | -26.9% |
| Income taxes | 67/77 | €11,769 | €9,803 | -€1,966 | -16.7% |
| Profit (loss) for the period | 9904 | €19,588 | €13,111 | -€6,477 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,588 | €13,111 | -€6,477 | -33.1% |
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 8 October 2026 via checked.be.