API CODE: 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.
API CODE
Largest movements
- Cash -€34,321
down €34,321 (-34.7%), from €98,787 to €64,467
mainly Net result for the year (-€27,017) and Contributions, distributions and other (-€26,667)
- Receivables within one year -€22,609
down €22,609 (-94.1%), from €24,020 to €1,410
of which Trade receivables: -€23,988
- Financial fixed assets -€13,119
down €13,119 (-34.5%), from €38,081 to €24,962
- Deferred charges and accrued income +€9,442
up €9,442 (+1865.3%), from €506 to €9,949
- Tangible fixed assets -€3,514
down €3,514 (-45.8%), from €7,668 to €4,153
of which Furniture and vehicles: -€1,909
- Profit (loss) carried forward -€27,017
down €27,017, from €26,164 to -€853
- Reserves -€26,667
down €26,667 (-17.7%), from €150,458 to €123,791
of which Distributable reserves: -€26,667
- Tax, wage and social debts -€12,028
down €12,028 (-88.9%), from €13,528 to €1,500
- Gross operating margin -€94,812
down €94,812, from €71,965 to -€22,847
- Taxes -€15,611
down €15,611 (-99.2%), from €15,743 to €132
- Depreciation -€2,397
down €2,397 (-40.5%), from €5,912 to €3,514
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 | €199,466 | €135,345 | -€64,122 | -32.1% |
| Fixed assets | 21/28 | €45,749 | €29,115 | -€16,634 | -36.4% |
| Tangible fixed assets | 22/27 | €7,668 | €4,153 | -€3,514 | -45.8% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €5,759 | €4,153 | -€1,606 | -27.9% |
| Furniture and vehicles | 24 | €1,909 | €0 | -€1,909 | -100.0% |
| Financial fixed assets | 28 | €38,081 | €24,962 | -€13,119 | -34.5% |
| Current assets | 29/58 | €153,717 | €106,230 | -€47,488 | -30.9% |
| Amounts receivable within one year | 40/41 | €24,020 | €1,410 | -€22,609 | -94.1% |
| Trade receivables | 40 | €23,988 | €0 | -€23,988 | -100.0% |
| Other amounts receivable | 41 | €31 | €1,410 | +€1,379 | +4413.0% |
| Current investments | 50/53 | €30,404 | €30,404 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,787 | €64,467 | -€34,321 | -34.7% |
| Deferred charges and accrued income | 490/1 | €506 | €9,949 | +€9,442 | +1865.3% |
| Total equity and liabilities | 10/49 | €199,466 | €135,345 | -€64,122 | -32.1% |
| Equity | 10/15 | €184,681 | €130,998 | -€53,684 | -29.1% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €150,458 | €123,791 | -€26,667 | -17.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €150,458 | €123,791 | -€26,667 | -17.7% |
| Profit (loss) carried forward | 14 | €26,164 | -€853 | -€27,017 | |
| Amounts payable | 17/49 | €14,785 | €4,347 | -€10,438 | -70.6% |
| Amounts payable within one year | 42/48 | €14,785 | €4,336 | -€10,449 | -70.7% |
| Trade debts | 44 | €1,257 | €2,548 | +€1,291 | +102.7% |
| Suppliers | 440/4 | €1,257 | €2,548 | +€1,291 | +102.7% |
| Taxes, remuneration and social security | 45 | €13,528 | €1,500 | -€12,028 | -88.9% |
| Taxes | 450/3 | €13,528 | €1,500 | -€12,028 | -88.9% |
| Other amounts payable | 47/48 | €0 | €288 | +€288 | |
| Accrued charges and deferred income | 492/3 | - | €12 | +€12 | |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,912 | €3,514 | -€2,397 | -40.5% |
| Other operating charges | 640/8 | €724 | €739 | +€14 | +2.0% |
| Gross operating margin | 9900 | €71,965 | -€22,847 | -€94,812 | |
| Operating profit (loss) | 9901 | €65,329 | -€27,100 | -€92,429 | |
| Financial income | 75/76B | €629 | €454 | -€176 | -27.9% |
| Recurring financial income | 75 | €629 | €454 | -€176 | -27.9% |
| Financial charges | 65/66B | €284 | €239 | -€46 | -16.1% |
| Recurring financial charges | 65 | €284 | €239 | -€46 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €65,674 | -€26,885 | -€92,559 | |
| Income taxes | 67/77 | €15,743 | €132 | -€15,611 | -99.2% |
| Profit (loss) for the period | 9904 | €49,931 | -€27,017 | -€76,948 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,931 | -€27,017 | -€76,948 |
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.