ALL ACCESS: 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.
ALL ACCESS
Largest movements
- Tangible fixed assets -€27,695
down €27,695 (-4.2%), from €654,618 to €626,923
- Current portion of long-term debt -€65,159
down €65,159 (-100.0%), from €65,159 to €0
- Reserves +€38,087
new in 2025: €38,087
- Profit (loss) carried forward -€20,572
down €20,572 (-100.0%), from €20,572 to €0
- Trade debts +€11,799
up €11,799 (+21.5%), from €54,831 to €66,629
- Other operating charges -€38,350
down €38,350 (-84.2%), from €45,549 to €7,198
- Depreciation +€27,503
up €27,503 (+14325.2%), from €192 to €27,695
- Financial charges -€5,884
down €5,884 (-29.7%), from €19,829 to €13,945
- Taxes +€2,878
up €2,878 (+77.9%), from €3,693 to €6,571
- Gross operating margin -€1,546
down €1,546 (-2.1%), from €74,468 to €72,923
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 | €674,434 | €643,759 | -€30,675 | -4.5% |
| Fixed assets | 21/28 | €654,693 | €626,998 | -€27,695 | -4.2% |
| Tangible fixed assets | 22/27 | €654,618 | €626,923 | -€27,695 | -4.2% |
| Land and buildings | 22 | €654,618 | €626,923 | -€27,695 | -4.2% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €19,742 | €16,761 | -€2,980 | -15.1% |
| Amounts receivable within one year | 40/41 | €14,535 | €13,041 | -€1,494 | -10.3% |
| Trade receivables | 40 | €14,535 | €13,041 | -€1,494 | -10.3% |
| Cash at bank and in hand | 54/58 | €5,206 | €3,720 | -€1,487 | -28.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €674,434 | €643,759 | -€30,675 | -4.5% |
| Equity | 10/15 | €26,782 | €44,297 | +€17,514 | +65.4% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | - | €38,087 | +€38,087 | |
| Distributable reserves | 133 | - | €38,087 | +€38,087 | |
| Profit (loss) carried forward | 14 | €20,572 | €0 | -€20,572 | -100.0% |
| Amounts payable | 17/49 | €647,652 | €599,462 | -€48,190 | -7.4% |
| Amounts payable after more than one year | 17 | €432,122 | €432,122 | = | 0.0% |
| Financial debts | 170/4 | €432,122 | €432,122 | = | 0.0% |
| Amounts payable within one year | 42/48 | €215,530 | €167,340 | -€48,190 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €65,159 | €0 | -€65,159 | -100.0% |
| Trade debts | 44 | €54,831 | €66,629 | +€11,799 | +21.5% |
| Suppliers | 440/4 | €54,831 | €66,629 | +€11,799 | +21.5% |
| Taxes, remuneration and social security | 45 | €2,392 | €6,563 | +€4,171 | +174.3% |
| Taxes | 450/3 | €2,392 | €6,563 | +€4,171 | +174.3% |
| Other amounts payable | 47/48 | €93,147 | €94,147 | +€1,000 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €192 | €27,695 | +€27,503 | +14325.2% |
| Other operating charges | 640/8 | €45,549 | €7,198 | -€38,350 | -84.2% |
| Gross operating margin | 9900 | €74,468 | €72,923 | -€1,546 | -2.1% |
| Operating profit (loss) | 9901 | €28,728 | €38,030 | +€9,302 | +32.4% |
| Financial income | 75/76B | €15 | €1 | -€14 | -93.1% |
| Recurring financial income | 75 | €15 | €1 | -€14 | -93.1% |
| Financial charges | 65/66B | €19,829 | €13,945 | -€5,884 | -29.7% |
| Recurring financial charges | 65 | €19,829 | €13,945 | -€5,884 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | €8,913 | €24,086 | +€15,173 | +170.2% |
| Income taxes | 67/77 | €3,693 | €6,571 | +€2,878 | +77.9% |
| Profit (loss) for the period | 9904 | €5,220 | €17,514 | +€12,295 | +235.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,220 | €17,514 | +€12,295 | +235.5% |
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 29 September 2026 via checked.be.