AUDREY LEBEAU: 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.
AUDREY LEBEAU
Largest movements
- Tangible fixed assets -€38,303
down €38,303 (-11.6%), from €328,877 to €290,574
of which Furniture and vehicles: -€28,789
- Cash -€27,441
down €27,441 (-49.5%), from €55,460 to €28,019
mainly Other debts (-€70,313) and Contributions, distributions and other (-€39,220)
- Other debts -€70,313
down €70,313 (-68.2%), from €103,092 to €32,779
- Reserves +€64,780
up €64,780 (+74.8%), from €86,620 to €151,400
- Profit (loss) carried forward -€29,418
down €29,418 (-89.6%), from €32,822 to €3,404
- Debts after one year -€18,270
down €18,270 (-7.0%), from €261,758 to €243,488
- Current portion of long-term debt -€13,171
down €13,171 (-53.9%), from €24,446 to €11,275
- Gross operating margin +€17,899
up €17,899 (+12.4%), from €143,785 to €161,684
- Taxes +€8,322
up €8,322 (+37.3%), from €22,303 to €30,625
- Other operating charges +€7,732
up €7,732 (+595%), from €1,301 to €9,033
- Staff costs -€7,367
down €7,367 (-26.5%), from €27,807 to €20,440
- Financial charges +€3,519
up €3,519 (+49.0%), from €7,181 to €10,701
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 | €539,057 | €478,403 | -€60,654 | -11.3% |
| Fixed assets | 21/28 | €328,877 | €290,574 | -€38,303 | -11.6% |
| Tangible fixed assets | 22/27 | €328,877 | €290,574 | -€38,303 | -11.6% |
| Land and buildings | 22 | €297,614 | €288,101 | -€9,514 | -3.2% |
| Furniture and vehicles | 24 | €31,263 | €2,474 | -€28,789 | -92.1% |
| Current assets | 29/58 | €210,180 | €187,829 | -€22,351 | -10.6% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,720 | €38,720 | +€4,000 | +11.5% |
| Trade receivables | 40 | €34,720 | €38,720 | +€4,000 | +11.5% |
| Cash at bank and in hand | 54/58 | €55,460 | €28,019 | -€27,441 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €1,090 | +€1,090 | |
| Total equity and liabilities | 10/49 | €539,057 | €478,403 | -€60,654 | -11.3% |
| Equity | 10/15 | €129,442 | €164,804 | +€35,362 | +27.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €86,620 | €151,400 | +€64,780 | +74.8% |
| Distributable reserves | 133 | €86,620 | €151,400 | +€64,780 | +74.8% |
| Profit (loss) carried forward | 14 | €32,822 | €3,404 | -€29,418 | -89.6% |
| Amounts payable | 17/49 | €409,615 | €313,600 | -€96,016 | -23.4% |
| Amounts payable after more than one year | 17 | €261,758 | €243,488 | -€18,270 | -7.0% |
| Financial debts | 170/4 | €261,758 | €243,488 | -€18,270 | -7.0% |
| Amounts payable within one year | 42/48 | €147,857 | €70,112 | -€77,746 | -52.6% |
| Current portion of amounts payable after more than one year | 42 | €24,446 | €11,275 | -€13,171 | -53.9% |
| Financial debts | 43 | - | €8,170 | +€8,170 | |
| Other loans | 439 | - | €8,170 | +€8,170 | |
| Trade debts | 44 | €611 | €103 | -€508 | -83.1% |
| Suppliers | 440/4 | €611 | €103 | -€508 | -83.1% |
| Taxes, remuneration and social security | 45 | €19,708 | €17,785 | -€1,923 | -9.8% |
| Taxes | 450/3 | €14,577 | €17,785 | +€3,207 | +22.0% |
| Remuneration and social security | 454/9 | €5,131 | - | -€5,131 | |
| Other amounts payable | 47/48 | €103,092 | €32,779 | -€70,313 | -68.2% |
| Remuneration, social security and pensions | 62 | €27,807 | €20,440 | -€7,367 | -26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,575 | €16,304 | -€1,271 | -7.2% |
| Other operating charges | 640/8 | €1,301 | €9,033 | +€7,732 | +595% |
| Gross operating margin | 9900 | €143,785 | €161,684 | +€17,899 | +12.4% |
| Operating profit (loss) | 9901 | €97,103 | €115,907 | +€18,805 | +19.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,675% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,675% |
| Financial charges | 65/66B | €7,181 | €10,701 | +€3,519 | +49.0% |
| Recurring financial charges | 65 | €7,181 | €10,701 | +€3,519 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | €89,921 | €105,207 | +€15,286 | +17.0% |
| Income taxes | 67/77 | €22,303 | €30,625 | +€8,322 | +37.3% |
| Profit (loss) for the period | 9904 | €67,618 | €74,582 | +€6,964 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,618 | €74,582 | +€6,964 | +10.3% |
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.