AS 7: 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.
AS 7
Largest movements
- Tangible fixed assets -€16,749
down €16,749 (-3.6%), from €465,491 to €448,742
- Cash +€11,321
up €11,321 (+58.0%), from €19,509 to €30,830
mainly Net result for the year (+€28,422) and Depreciation (+€16,749)
- Debts after one year -€33,775
down €33,775 (-9.1%), from €371,870 to €338,094
of which Financial debts: -€33,775
- Reserves +€28,422
up €28,422 (+54.8%), from €51,831 to €80,253
- Financial charges -€35,595
down €35,595 (-86.5%), from €41,129 to €5,534
- Gross operating margin +€15,172
up €15,172 (+32.6%), from €46,547 to €61,719
- Taxes +€5,762
up €5,762, from €0 to €5,762
- Other operating charges +€2,292
up €2,292 (+77.4%), from €2,961 to €5,252
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 | €485,000 | €480,310 | -€4,690 | -1.0% |
| Fixed assets | 21/28 | €465,491 | €448,742 | -€16,749 | -3.6% |
| Tangible fixed assets | 22/27 | €465,491 | €448,742 | -€16,749 | -3.6% |
| Land and buildings | 22 | €465,491 | €448,742 | -€16,749 | -3.6% |
| Current assets | 29/58 | €19,509 | €31,568 | +€12,059 | +61.8% |
| Amounts receivable within one year | 40/41 | - | €738 | +€738 | |
| Other amounts receivable | 41 | - | €738 | +€738 | |
| Cash at bank and in hand | 54/58 | €19,509 | €30,830 | +€11,321 | +58.0% |
| Total equity and liabilities | 10/49 | €485,000 | €480,310 | -€4,690 | -1.0% |
| Equity | 10/15 | €76,831 | €105,253 | +€28,422 | +37.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €51,831 | €80,253 | +€28,422 | +54.8% |
| Distributable reserves | 133 | €51,831 | €80,253 | +€28,422 | +54.8% |
| Amounts payable | 17/49 | €408,169 | €375,057 | -€33,112 | -8.1% |
| Amounts payable after more than one year | 17 | €371,870 | €338,094 | -€33,775 | -9.1% |
| Financial debts | 170/4 | €271,867 | €238,092 | -€33,775 | -12.4% |
| Other amounts payable | 178/9 | €100,002 | €100,002 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,299 | €36,963 | +€663 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €35,915 | €36,563 | +€648 | +1.8% |
| Trade debts | 44 | €384 | €400 | +€15 | +4.0% |
| Suppliers | 440/4 | €384 | €400 | +€15 | +4.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,749 | €16,749 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,961 | €5,252 | +€2,292 | +77.4% |
| Gross operating margin | 9900 | €46,547 | €61,719 | +€15,172 | +32.6% |
| Operating profit (loss) | 9901 | €26,837 | €39,717 | +€12,880 | +48.0% |
| Financial income | 75/76B | €456 | €0 | -€456 | -100.0% |
| Recurring financial income | 75 | €456 | €0 | -€456 | -100.0% |
| Financial charges | 65/66B | €41,129 | €5,534 | -€35,595 | -86.5% |
| Recurring financial charges | 65 | €41,129 | €5,534 | -€35,595 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,836 | €34,184 | +€48,019 | |
| Income taxes | 67/77 | €0 | €5,762 | +€5,762 | |
| Profit (loss) for the period | 9904 | -€13,836 | €28,422 | +€42,258 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,836 | €28,422 | +€42,258 |
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 9 October 2026 via checked.be.