ARE YOU REALLY LOST: 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.
ARE YOU REALLY LOST
Largest movements
- Receivables within one year +€64,783
up €64,783 (+4.7%), from €1.4m to €1.4m
of which Other amounts receivable: +€73,300
- Reserves +€130,000
up €130,000 (+10.1%), from €1.3m to €1.4m
of which Distributable reserves: +€130,000
- Tax, wage and social debts -€55,769
down €55,769 (-21.7%), from €257,366 to €201,596
- Trade debts -€30,536
down €30,536 (-22.3%), from €136,692 to €106,156
- Financial income -€303,590
down €303,590 (-80.1%), from €379,066 to €75,475
of which Non-recurring financial income: -€304,304
- Taxes +€47,155
up €47,155 (+91.1%), from €51,746 to €98,900
- Gross operating margin +€37,325
up €37,325 (+27.1%), from €137,735 to €175,060
- Other operating charges -€13,000
down €13,000 (-54.8%), from €23,742 to €10,742
- Depreciation -€2,081
down €2,081 (-19.4%), from €10,728 to €8,648
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 | €1,917,057 | €1,974,742 | +€57,686 | +3.0% |
| Fixed assets | 21/28 | €545,077 | €537,933 | -€7,144 | -1.3% |
| Tangible fixed assets | 22/27 | €90,773 | €83,629 | -€7,144 | -7.9% |
| Furniture and vehicles | 24 | €4,784 | €624 | -€4,160 | -87.0% |
| Other tangible fixed assets | 26 | €85,989 | €83,005 | -€2,984 | -3.5% |
| Financial fixed assets | 28 | €454,304 | €454,304 | = | 0.0% |
| Current assets | 29/58 | €1,371,980 | €1,436,809 | +€64,829 | +4.7% |
| Amounts receivable within one year | 40/41 | €1,371,980 | €1,436,763 | +€64,783 | +4.7% |
| Trade receivables | 40 | €57,831 | €49,314 | -€8,517 | -14.7% |
| Other amounts receivable | 41 | €1,314,149 | €1,387,448 | +€73,300 | +5.6% |
| Cash at bank and in hand | 54/58 | €0 | €47 | +€47 | |
| Total equity and liabilities | 10/49 | €1,917,057 | €1,974,742 | +€57,686 | +3.0% |
| Equity | 10/15 | €1,307,795 | €1,438,334 | +€130,539 | +10.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,288,860 | €1,418,860 | +€130,000 | +10.1% |
| 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 | €1,287,000 | €1,417,000 | +€130,000 | +10.1% |
| Profit (loss) carried forward | 14 | €335 | €874 | +€539 | +161% |
| Amounts payable | 17/49 | €609,262 | €536,408 | -€72,854 | -12.0% |
| Amounts payable within one year | 42/48 | €609,262 | €535,627 | -€73,635 | -12.1% |
| Financial debts | 43 | €32 | €0 | -€32 | -100% |
| Credit institutions | 430/8 | €32 | €0 | -€32 | -100% |
| Trade debts | 44 | €136,692 | €106,156 | -€30,536 | -22.3% |
| Suppliers | 440/4 | €136,692 | €106,156 | -€30,536 | -22.3% |
| Taxes, remuneration and social security | 45 | €257,366 | €201,596 | -€55,769 | -21.7% |
| Taxes | 450/3 | €257,366 | €201,596 | -€55,769 | -21.7% |
| Other amounts payable | 47/48 | €215,172 | €227,874 | +€12,702 | +5.9% |
| Accrued charges and deferred income | 492/3 | €0 | €782 | +€782 | |
| Non-recurring operating income | 76A | €12,773 | - | -€12,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,728 | €8,648 | -€2,081 | -19.4% |
| Other operating charges | 640/8 | €23,742 | €10,742 | -€13,000 | -54.8% |
| Non-recurring operating charges | 66A | €3,721 | - | -€3,721 | |
| Gross operating margin | 9900 | €137,735 | €175,060 | +€37,325 | +27.1% |
| Operating profit (loss) | 9901 | €99,544 | €155,670 | +€56,127 | +56.4% |
| Financial income | 75/76B | €379,066 | €75,475 | -€303,590 | -80.1% |
| Recurring financial income | 75 | €74,762 | €75,475 | +€714 | +1.0% |
| Non-recurring financial income | 76B | €304,304 | - | -€304,304 | |
| Financial charges | 65/66B | €2,815 | €1,706 | -€1,109 | -39.4% |
| Recurring financial charges | 65 | €2,815 | €1,706 | -€1,109 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €475,794 | €229,440 | -€246,355 | -51.8% |
| Income taxes | 67/77 | €51,746 | €98,900 | +€47,155 | +91.1% |
| Profit (loss) for the period | 9904 | €424,049 | €130,539 | -€293,510 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | €424,049 | €130,539 | -€293,510 | -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 20 October 2026 via checked.be.