All-S: 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.
All-S
Largest movements
- Receivables within one year -€51,602
down €51,602 (-45.0%), from €114,690 to €63,088
of which Trade receivables: -€58,183
- Intangible fixed assets -€17,850
down €17,850 (-40.0%), from €44,625 to €26,775
- Tangible fixed assets -€17,326
down €17,326 (-28.3%), from €61,140 to €43,814
- Cash -€15,077
down €15,077 (-71.3%), from €21,149 to €6,072
mainly Trade debts (-€48,209) and Net result for the year (-€42,392)
- Trade debts -€48,209
down €48,209 (-53.4%), from €90,257 to €42,048
- Profit (loss) carried forward -€42,392
down €42,392 (-59.2%), from €71,618 to €29,226
- Debts after one year -€7,691
down €7,691 (-29.2%), from €26,309 to €18,618
- Tax, wage and social debts -€3,159
down €3,159 (-11.7%), from €27,001 to €23,842
of which Taxes: -€5,783
- Gross operating margin +€59,049
up €59,049 (+49.0%), from €120,471 to €179,520
- Staff costs -€45,814
down €45,814 (-20.1%), from €227,812 to €181,998
- Financial income -€14,222
down €14,222 (-98.5%), from €14,436 to €214
of which Non-recurring financial income: -€14,312
- Write-downs -€4,401
down €4,401 (-100%), from €4,401 to €0
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 | €244,371 | €142,950 | -€101,421 | -41.5% |
| Fixed assets | 21/28 | €106,415 | €71,239 | -€35,176 | -33.1% |
| Intangible fixed assets | 21 | €44,625 | €26,775 | -€17,850 | -40.0% |
| Tangible fixed assets | 22/27 | €61,140 | €43,814 | -€17,326 | -28.3% |
| Furniture and vehicles | 24 | €61,140 | €43,814 | -€17,326 | -28.3% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €137,956 | €71,712 | -€66,244 | -48.0% |
| Amounts receivable within one year | 40/41 | €114,690 | €63,088 | -€51,602 | -45.0% |
| Trade receivables | 40 | €114,324 | €56,141 | -€58,183 | -50.9% |
| Other amounts receivable | 41 | €366 | €6,948 | +€6,581 | +1,798% |
| Cash at bank and in hand | 54/58 | €21,149 | €6,072 | -€15,077 | -71.3% |
| Deferred charges and accrued income | 490/1 | €2,117 | €2,552 | +€435 | +20.5% |
| Total equity and liabilities | 10/49 | €244,371 | €142,950 | -€101,421 | -41.5% |
| Equity | 10/15 | €92,078 | €49,686 | -€42,392 | -46.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,618 | €29,226 | -€42,392 | -59.2% |
| Amounts payable | 17/49 | €152,293 | €93,264 | -€59,029 | -38.8% |
| Amounts payable after more than one year | 17 | €26,309 | €18,618 | -€7,691 | -29.2% |
| Financial debts | 170/4 | €26,309 | €18,618 | -€7,691 | -29.2% |
| Amounts payable within one year | 42/48 | €125,984 | €74,646 | -€51,338 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €7,354 | €7,691 | +€337 | +4.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €90,257 | €42,048 | -€48,209 | -53.4% |
| Suppliers | 440/4 | €90,257 | €42,048 | -€48,209 | -53.4% |
| Taxes, remuneration and social security | 45 | €27,001 | €23,842 | -€3,159 | -11.7% |
| Taxes | 450/3 | €5,783 | €0 | -€5,783 | -100% |
| Remuneration and social security | 454/9 | €21,217 | €23,842 | +€2,625 | +12.4% |
| Other amounts payable | 47/48 | €1,373 | €1,065 | -€308 | -22.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €227,812 | €181,998 | -€45,814 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,630 | €36,651 | +€1,020 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,401 | €0 | -€4,401 | -100% |
| Other operating charges | 640/8 | €1,941 | €1,351 | -€590 | -30.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €120,471 | €179,520 | +€59,049 | +49.0% |
| Operating profit (loss) | 9901 | -€149,313 | -€40,480 | +€108,833 | +72.9% |
| Financial income | 75/76B | €14,436 | €214 | -€14,222 | -98.5% |
| Recurring financial income | 75 | €125 | €214 | +€90 | +71.8% |
| Non-recurring financial income | 76B | €14,312 | €0 | -€14,312 | -100% |
| Financial charges | 65/66B | €2,443 | €1,794 | -€649 | -26.6% |
| Recurring financial charges | 65 | €2,443 | €1,794 | -€649 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | -€137,319 | -€42,060 | +€95,259 | +69.4% |
| Income taxes | 67/77 | €385 | €332 | -€53 | -13.7% |
| Profit (loss) for the period | 9904 | -€137,704 | -€42,392 | +€95,312 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,704 | -€42,392 | +€95,312 | +69.2% |
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 19 October 2026 via checked.be.