ALWAYS IN MOTION: 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.
ALWAYS IN MOTION
Largest movements
- Tangible fixed assets +€43,822
up €43,822 (+36.1%), from €121,247 to €165,069
of which Furniture and vehicles: +€47,474
- Cash -€14,406
down €14,406 (-67.9%), from €21,205 to €6,799
mainly Investment in fixed assets (net) (-€59,789) and Contributions, distributions and other (-€48,779)
- Receivables within one year +€9,226
up €9,226 (+9.3%), from €99,049 to €108,275
of which Trade receivables: +€9,226
- Reserves +€35,566
up €35,566 (+15.9%), from €223,037 to €258,602
of which Distributable reserves: +€35,566
- Trade debts +€18,288
up €18,288 (+1,375%), from €1,330 to €19,617
- Tax, wage and social debts -€10,061
down €10,061 (-47.2%), from €21,294 to €11,233
- Other debts -€5,220
down €5,220 (-72.0%), from €7,249 to €2,029
- Gross operating margin +€43,001
up €43,001 (+46.7%), from €91,984 to €134,985
- Taxes +€10,763
up €10,763 (+44.5%), from €24,208 to €34,971
- Depreciation +€6,853
up €6,853 (+75.2%), from €9,114 to €15,967
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 | €271,509 | €310,082 | +€38,572 | +14.2% |
| Fixed assets | 21/28 | €121,247 | €165,069 | +€43,822 | +36.1% |
| Tangible fixed assets | 22/27 | €121,247 | €165,069 | +€43,822 | +36.1% |
| Land and buildings | 22 | €106,997 | €102,401 | -€4,595 | -4.3% |
| Plant, machinery and equipment | 23 | €5,917 | €6,860 | +€943 | +15.9% |
| Furniture and vehicles | 24 | €8,334 | €55,807 | +€47,474 | +570% |
| Current assets | 29/58 | €150,262 | €145,013 | -€5,249 | -3.5% |
| Amounts receivable within one year | 40/41 | €99,049 | €108,275 | +€9,226 | +9.3% |
| Trade receivables | 40 | €24,049 | €33,275 | +€9,226 | +38.4% |
| Other amounts receivable | 41 | €75,000 | €75,000 | = | 0.0% |
| Current investments | 50/53 | €30,008 | €29,939 | -€69 | -0.2% |
| Cash at bank and in hand | 54/58 | €21,205 | €6,799 | -€14,406 | -67.9% |
| Total equity and liabilities | 10/49 | €271,509 | €310,082 | +€38,572 | +14.2% |
| Equity | 10/15 | €241,637 | €277,202 | +€35,566 | +14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223,037 | €258,602 | +€35,566 | +15.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €221,177 | €256,742 | +€35,566 | +16.1% |
| Amounts payable | 17/49 | €29,873 | €32,879 | +€3,007 | +10.1% |
| Amounts payable within one year | 42/48 | €29,873 | €32,879 | +€3,007 | +10.1% |
| Trade debts | 44 | €1,330 | €19,617 | +€18,288 | +1,375% |
| Suppliers | 440/4 | €1,330 | €19,617 | +€18,288 | +1,375% |
| Taxes, remuneration and social security | 45 | €21,294 | €11,233 | -€10,061 | -47.2% |
| Taxes | 450/3 | €21,294 | €11,233 | -€10,061 | -47.2% |
| Other amounts payable | 47/48 | €7,249 | €2,029 | -€5,220 | -72.0% |
| Non-recurring operating income | 76A | €2,715 | €15,000 | +€12,285 | +452% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,114 | €15,967 | +€6,853 | +75.2% |
| Other operating charges | 640/8 | €1,869 | €1,761 | -€108 | -5.8% |
| Gross operating margin | 9900 | €91,984 | €134,985 | +€43,001 | +46.7% |
| Operating profit (loss) | 9901 | €81,001 | €117,256 | +€36,255 | +44.8% |
| Financial income | 75/76B | €1,992 | €2,389 | +€397 | +19.9% |
| Recurring financial income | 75 | €1,992 | €2,389 | +€397 | +19.9% |
| Financial charges | 65/66B | €186 | €330 | +€144 | +77.0% |
| Recurring financial charges | 65 | €186 | €330 | +€144 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | €82,807 | €119,315 | +€36,508 | +44.1% |
| Income taxes | 67/77 | €24,208 | €34,971 | +€10,763 | +44.5% |
| Profit (loss) for the period | 9904 | €58,599 | €84,344 | +€25,745 | +43.9% |
| Profit (loss) for the period to be appropriated | 9905 | €58,599 | €84,344 | +€25,745 | +43.9% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.