AS LINE: 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 LINE
Largest movements
- Receivables within one year -€44,322
down €44,322 (-90.3%), from €49,097 to €4,775
of which Trade receivables: -€43,493
- Cash +€38,613
up €38,613 (+342%), from €11,282 to €49,895
mainly Receivables within one year (+€44,322) and Depreciation (+€22,563)
- Deferred charges and accrued income -€8,298
down €8,298 (-60.8%), from €13,649 to €5,351
- Tangible fixed assets -€7,939
down €7,939 (-7.5%), from €106,161 to €98,223
of which Furniture and vehicles: -€84,334
- Debts after one year -€16,364
down €16,364 (-23.3%), from €70,182 to €53,818
- Reserves +€12,323
up €12,323 (+55.2%), from €22,322 to €34,645
- Current portion of long-term debt -€9,276
down €9,276 (-36.2%), from €25,640 to €16,364
- Advances received -€8,092
down €8,092 (-100%), from €8,092 to €0
- Tax, wage and social debts +€7,878
up €7,878 (+102%), from €7,747 to €15,625
of which Taxes: +€7,863
- Gross operating margin +€30,241
up €30,241 (+106%), from €28,424 to €58,665
- Depreciation +€21,068
up €21,068 (+1,409%), from €1,495 to €22,563
- Taxes +€4,473
up €4,473 (+85.7%), from €5,220 to €9,694
- Financial charges +€2,778
up €2,778 (+286%), from €971 to €3,750
- Other operating charges -€2,057
down €2,057 (-63.3%), from €3,247 to €1,190
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 | €189,659 | €167,714 | -€21,945 | -11.6% |
| Fixed assets | 21/28 | €115,631 | €107,693 | -€7,939 | -6.9% |
| Tangible fixed assets | 22/27 | €106,161 | €98,223 | -€7,939 | -7.5% |
| Plant, machinery and equipment | 23 | €1,076 | €2,302 | +€1,226 | +114% |
| Furniture and vehicles | 24 | €95,508 | €11,174 | -€84,334 | -88.3% |
| Leasing and similar rights | 25 | - | €76,344 | +€76,344 | |
| Other tangible fixed assets | 26 | €9,577 | €8,403 | -€1,174 | -12.3% |
| Financial fixed assets | 28 | €9,470 | €9,470 | = | 0.0% |
| Current assets | 29/58 | €74,028 | €60,021 | -€14,007 | -18.9% |
| Amounts receivable within one year | 40/41 | €49,097 | €4,775 | -€44,322 | -90.3% |
| Trade receivables | 40 | €44,150 | €657 | -€43,493 | -98.5% |
| Other amounts receivable | 41 | €4,947 | €4,118 | -€829 | -16.8% |
| Cash at bank and in hand | 54/58 | €11,282 | €49,895 | +€38,613 | +342% |
| Deferred charges and accrued income | 490/1 | €13,649 | €5,351 | -€8,298 | -60.8% |
| Total equity and liabilities | 10/49 | €189,659 | €167,714 | -€21,945 | -11.6% |
| Equity | 10/15 | €42,322 | €54,645 | +€12,323 | +29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €22,322 | €34,645 | +€12,323 | +55.2% |
| Distributable reserves | 133 | €22,322 | €34,645 | +€12,323 | +55.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,337 | €113,069 | -€34,268 | -23.3% |
| Amounts payable after more than one year | 17 | €70,182 | €53,818 | -€16,364 | -23.3% |
| Financial debts | 170/4 | €70,182 | €53,818 | -€16,364 | -23.3% |
| Amounts payable within one year | 42/48 | €77,155 | €58,951 | -€18,204 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €25,640 | €16,364 | -€9,276 | -36.2% |
| Financial debts | 43 | €9,000 | €9,000 | = | 0.0% |
| Other loans | 439 | €9,000 | €9,000 | = | 0.0% |
| Trade debts | 44 | €9,710 | €8,629 | -€1,081 | -11.1% |
| Suppliers | 440/4 | €9,710 | €8,629 | -€1,081 | -11.1% |
| Advances received on contracts in progress | 46 | €8,092 | €0 | -€8,092 | -100% |
| Taxes, remuneration and social security | 45 | €7,747 | €15,625 | +€7,878 | +102% |
| Taxes | 450/3 | €5,509 | €13,372 | +€7,863 | +143% |
| Remuneration and social security | 454/9 | €2,238 | €2,253 | +€15 | +0.7% |
| Other amounts payable | 47/48 | €16,966 | €9,333 | -€7,633 | -45.0% |
| Accrued charges and deferred income | 492/3 | €0 | €300 | +€300 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,495 | €22,563 | +€21,068 | +1,409% |
| Other operating charges | 640/8 | €3,247 | €1,190 | -€2,057 | -63.3% |
| Non-recurring operating charges | 66A | €986 | €0 | -€986 | -100% |
| Gross operating margin | 9900 | €28,424 | €58,665 | +€30,241 | +106% |
| Operating profit (loss) | 9901 | €22,695 | €34,911 | +€12,216 | +53.8% |
| Financial income | 75/76B | €302 | €189 | -€113 | -37.5% |
| Recurring financial income | 75 | €302 | €189 | -€113 | -37.5% |
| Financial charges | 65/66B | €971 | €3,750 | +€2,778 | +286% |
| Recurring financial charges | 65 | €971 | €3,750 | +€2,778 | +286% |
| Profit (loss) for the period before taxes | 9903 | €22,025 | €31,350 | +€9,324 | +42.3% |
| Income taxes | 67/77 | €5,220 | €9,694 | +€4,473 | +85.7% |
| Profit (loss) for the period | 9904 | €16,805 | €21,656 | +€4,851 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,805 | €21,656 | +€4,851 | +28.9% |
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 19 October 2026 via checked.be.