ARNAUD GAILLY: 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.
ARNAUD GAILLY
Largest movements
- Receivables within one year +€21,631
up €21,631 (+26.9%), from €80,482 to €102,113
of which Trade receivables: +€19,761
- Cash +€20,776
up €20,776 (+44.8%), from €46,397 to €67,173
mainly Net result for the year (+€50,225) and Other debts (+€2,650)
- Deferred charges and accrued income +€2,012
up €2,012 (+143.2%), from €1,405 to €3,418
- Reserves +€35,000
up €35,000 (+116.7%), from €30,000 to €65,000
- Profit (loss) carried forward +€10,225
up €10,225 (+23.3%), from €43,878 to €54,103
- Other debts +€2,650
up €2,650 (+112.8%), from €2,350 to €5,000
- Gross operating margin -€34,472
down €34,472 (-34.3%), from €100,482 to €66,010
- Taxes -€5,663
down €5,663 (-24.7%), from €22,963 to €17,300
- Financial income +€1,607
up €1,607 (+114.4%), from €1,405 to €3,013
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 | €128,284 | €173,971 | +€45,687 | +35.6% |
| Fixed assets | 21/28 | - | €1,267 | +€1,267 | |
| Tangible fixed assets | 22/27 | - | €1,267 | +€1,267 | |
| Furniture and vehicles | 24 | - | €1,267 | +€1,267 | |
| Current assets | 29/58 | €128,284 | €172,704 | +€44,419 | +34.6% |
| Amounts receivable within one year | 40/41 | €80,482 | €102,113 | +€21,631 | +26.9% |
| Trade receivables | 40 | €20,518 | €40,279 | +€19,761 | +96.3% |
| Other amounts receivable | 41 | €59,964 | €61,834 | +€1,870 | +3.1% |
| Cash at bank and in hand | 54/58 | €46,397 | €67,173 | +€20,776 | +44.8% |
| Deferred charges and accrued income | 490/1 | €1,405 | €3,418 | +€2,012 | +143.2% |
| Total equity and liabilities | 10/49 | €128,284 | €173,971 | +€45,687 | +35.6% |
| Equity | 10/15 | €88,878 | €134,103 | +€45,225 | +50.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €65,000 | +€35,000 | +116.7% |
| Distributable reserves | 133 | €30,000 | €65,000 | +€35,000 | +116.7% |
| Profit (loss) carried forward | 14 | €43,878 | €54,103 | +€10,225 | +23.3% |
| Amounts payable | 17/49 | €39,406 | €39,867 | +€462 | +1.2% |
| Amounts payable within one year | 42/48 | €38,191 | €39,867 | +€1,677 | +4.4% |
| Trade debts | 44 | €1,684 | €1,544 | -€140 | -8.3% |
| Suppliers | 440/4 | €1,684 | €1,544 | -€140 | -8.3% |
| Taxes, remuneration and social security | 45 | €34,157 | €33,324 | -€833 | -2.4% |
| Taxes | 450/3 | €34,157 | €33,324 | -€833 | -2.4% |
| Other amounts payable | 47/48 | €2,350 | €5,000 | +€2,650 | +112.8% |
| Accrued charges and deferred income | 492/3 | €1,215 | - | -€1,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €302 | +€302 | |
| Other operating charges | 640/8 | - | €887 | +€887 | |
| Gross operating margin | 9900 | €100,482 | €66,010 | -€34,472 | -34.3% |
| Operating profit (loss) | 9901 | €100,482 | €64,821 | -€35,661 | -35.5% |
| Financial income | 75/76B | €1,405 | €3,013 | +€1,607 | +114.4% |
| Recurring financial income | 75 | €1,405 | €3,013 | +€1,607 | +114.4% |
| Financial charges | 65/66B | €46 | €308 | +€262 | +570.0% |
| Recurring financial charges | 65 | €46 | €308 | +€262 | +570.0% |
| Profit (loss) for the period before taxes | 9903 | €101,841 | €67,525 | -€34,316 | -33.7% |
| Income taxes | 67/77 | €22,963 | €17,300 | -€5,663 | -24.7% |
| Profit (loss) for the period | 9904 | €78,878 | €50,225 | -€28,654 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,878 | €50,225 | -€28,654 | -36.3% |
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 5 October 2026 via checked.be.