April10: 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.
April10
Largest movements
- Current investments +€133,856
up €133,856 (+140.9%), from €95,000 to €228,856
- Cash -€108,957
down €108,957 (-80.1%), from €136,030 to €27,073
mainly Current investments (-€133,856) and Receivables after one year (-€100,000)
- Receivables after one year +€100,000
new in 2025: €100,000
- Receivables within one year -€87,471
down €87,471 (-65.6%), from €133,258 to €45,788
of which Other amounts receivable: -€103,500
- Reserves +€31,746
up €31,746 (+9.3%), from €339,939 to €371,685
- Tax, wage and social debts +€5,798
up €5,798 (+32.1%), from €18,070 to €23,868
of which Taxes: +€9,798
- Short-term financial debts +€5,050
new in 2025: €5,050
- Financial charges +€1,355
up €1,355 (+153.3%), from €883 to €2,238
of which Financial charges: +€1,355
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 | €369,693 | €410,377 | +€40,684 | +11.0% |
| Fixed assets | 21/28 | €1,345 | €4,850 | +€3,505 | +260.5% |
| Tangible fixed assets | 22/27 | €1,345 | €4,850 | +€3,505 | +260.5% |
| Furniture and vehicles | 24 | €346 | €4,435 | +€4,089 | +1181.2% |
| Other tangible fixed assets | 26 | €999 | €415 | -€585 | -58.5% |
| Current assets | 29/58 | €368,348 | €405,527 | +€37,180 | +10.1% |
| Amounts receivable after more than one year | 29 | - | €100,000 | +€100,000 | |
| Other amounts receivable | 291 | - | €100,000 | +€100,000 | |
| Amounts receivable within one year | 40/41 | €133,258 | €45,788 | -€87,471 | -65.6% |
| Trade receivables | 40 | €29,758 | €45,788 | +€16,029 | +53.9% |
| Other amounts receivable | 41 | €103,500 | €0 | -€103,500 | -100.0% |
| Current investments | 50/53 | €95,000 | €228,856 | +€133,856 | +140.9% |
| Cash at bank and in hand | 54/58 | €136,030 | €27,073 | -€108,957 | -80.1% |
| Deferred charges and accrued income | 490/1 | €4,060 | €3,811 | -€249 | -6.1% |
| Total equity and liabilities | 10/49 | €369,693 | €410,377 | +€40,684 | +11.0% |
| Equity | 10/15 | €346,139 | €377,885 | +€31,746 | +9.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €339,939 | €371,685 | +€31,746 | +9.3% |
| Distributable reserves | 133 | €339,939 | €371,685 | +€31,746 | +9.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,554 | €32,493 | +€8,938 | +37.9% |
| Amounts payable within one year | 42/48 | €23,554 | €32,493 | +€8,938 | +37.9% |
| Financial debts | 43 | - | €5,050 | +€5,050 | |
| Credit institutions | 430/8 | - | €5,050 | +€5,050 | |
| Trade debts | 44 | €5,252 | €3,380 | -€1,872 | -35.6% |
| Suppliers | 440/4 | €5,252 | €3,380 | -€1,872 | -35.6% |
| Taxes, remuneration and social security | 45 | €18,070 | €23,868 | +€5,798 | +32.1% |
| Taxes | 450/3 | €14,070 | €23,868 | +€9,798 | +69.6% |
| Remuneration and social security | 454/9 | €4,000 | €0 | -€4,000 | -100.0% |
| Other amounts payable | 47/48 | €232 | €195 | -€37 | -15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,627 | €1,600 | -€27 | -1.7% |
| Other operating charges | 640/8 | €384 | €872 | +€488 | +126.8% |
| Gross operating margin | 9900 | €92,068 | €91,700 | -€368 | -0.4% |
| Operating profit (loss) | 9901 | €90,057 | €89,228 | -€828 | -0.9% |
| Financial income | 75/76B | €6,950 | €7,336 | +€386 | +5.6% |
| Recurring financial income | 75 | €6,950 | €7,336 | +€386 | +5.6% |
| Financial charges | 65/66B | €883 | €2,238 | +€1,355 | +153.3% |
| Recurring financial charges | 65 | €883 | €2,238 | +€1,355 | +153.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €96,123 | €94,326 | -€1,797 | -1.9% |
| Income taxes | 67/77 | €26,824 | €26,166 | -€658 | -2.5% |
| Profit (loss) for the period | 9904 | €69,299 | €68,160 | -€1,139 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,299 | €68,160 | -€1,139 | -1.6% |
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 2 October 2026 via checked.be.