ALSO Consult: 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.
ALSO Consult
Largest movements
- Cash +€194,694
up €194,694 (+25.1%), from €776,771 to €971,466
mainly Net result for the year (+€271,536) and Depreciation (+€33,205)
- Reserves +€271,536
up €271,536 (+6.2%), from €4.4m to €4.6m
of which Distributable reserves: +€271,536
- Gross operating margin -€327,235
down €327,235 (-49.3%), from €663,879 to €336,645
- Taxes -€132,906
down €132,906 (-54.6%), from €243,340 to €110,435
- Financial income -€65,069
down €65,069 (-44.0%), from €147,807 to €82,738
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 | €4,564,811 | €4,821,845 | +€257,034 | +5.6% |
| Fixed assets | 21/28 | €126,196 | €97,942 | -€28,253 | -22.4% |
| Tangible fixed assets | 22/27 | €126,196 | €97,942 | -€28,253 | -22.4% |
| Furniture and vehicles | 24 | €126,196 | €97,942 | -€28,253 | -22.4% |
| Current assets | 29/58 | €4,438,615 | €4,723,902 | +€285,287 | +6.4% |
| Amounts receivable within one year | 40/41 | €52 | €34,143 | +€34,091 | +65749.9% |
| Trade receivables | 40 | €52 | - | -€52 | |
| Other amounts receivable | 41 | €0 | €34,143 | +€34,143 | |
| Current investments | 50/53 | €3,659,494 | €3,707,563 | +€48,069 | +1.3% |
| Cash at bank and in hand | 54/58 | €776,771 | €971,466 | +€194,694 | +25.1% |
| Deferred charges and accrued income | 490/1 | €2,298 | €10,731 | +€8,433 | +367.0% |
| Total equity and liabilities | 10/49 | €4,564,811 | €4,821,845 | +€257,034 | +5.6% |
| Equity | 10/15 | €4,385,530 | €4,657,066 | +€271,536 | +6.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,365,530 | €4,637,066 | +€271,536 | +6.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €4,363,530 | €4,635,066 | +€271,536 | +6.2% |
| Amounts payable | 17/49 | €179,281 | €164,779 | -€14,502 | -8.1% |
| Amounts payable within one year | 42/48 | €178,682 | €164,779 | -€13,903 | -7.8% |
| Financial debts | 43 | €115,724 | €115,720 | -€4 | 0.0% |
| Other loans | 439 | €115,724 | €115,720 | -€4 | 0.0% |
| Trade debts | 44 | €35,378 | €46,647 | +€11,269 | +31.9% |
| Suppliers | 440/4 | €35,378 | €46,647 | +€11,269 | +31.9% |
| Taxes, remuneration and social security | 45 | €27,265 | €2,097 | -€25,168 | -92.3% |
| Taxes | 450/3 | €27,265 | €2,097 | -€25,168 | -92.3% |
| Other amounts payable | 47/48 | €315 | €315 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €599 | €0 | -€599 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,215 | €33,205 | +€990 | +3.1% |
| Other operating charges | 640/8 | €1,343 | €1,141 | -€203 | -15.1% |
| Gross operating margin | 9900 | €663,879 | €336,645 | -€327,235 | -49.3% |
| Operating profit (loss) | 9901 | €630,322 | €302,299 | -€328,022 | -52.0% |
| Financial income | 75/76B | €147,807 | €82,738 | -€65,069 | -44.0% |
| Recurring financial income | 75 | €147,807 | €82,738 | -€65,069 | -44.0% |
| Financial charges | 65/66B | €2,509 | €3,066 | +€557 | +22.2% |
| Recurring financial charges | 65 | €2,509 | €3,066 | +€557 | +22.2% |
| Profit (loss) for the period before taxes | 9903 | €775,620 | €381,971 | -€393,649 | -50.8% |
| Income taxes | 67/77 | €243,340 | €110,435 | -€132,906 | -54.6% |
| Profit (loss) for the period | 9904 | €532,279 | €271,536 | -€260,743 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €532,279 | €271,536 | -€260,743 | -49.0% |
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 7 October 2026 via checked.be.