B: 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.
B
Largest movements
- Cash +€24,572
up €24,572 (+46.9%), from €52,339 to €76,911
mainly Net result for the year (+€13,614) and Trade debts (+€8,179)
- Receivables within one year +€2,931
up €2,931 (+3.4%), from €87,048 to €89,979
of which Other amounts receivable: +€4,780
- Tangible fixed assets -€2,669
down €2,669 (-63.3%), from €4,219 to €1,550
- Profit (loss) carried forward +€13,614
up €13,614 (+7.1%), from -€190,743 to -€177,129
- Trade debts +€8,179
up €8,179 (+115.7%), from €7,070 to €15,249
- Tax, wage and social debts +€3,201
up €3,201 (+562.6%), from €569 to €3,770
- Gross operating margin +€12,951
up €12,951 (+1297.6%), from €998 to €13,949
- Other operating charges -€850
down €850 (-44.1%), from €1,929 to €1,079
- Financial charges +€235
up €235 (+179.2%), from €131 to €366
- Financial income +€232
up €232 (+5.5%), from €4,258 to €4,491
- Taxes +€169
up €169 (+31.2%), from €542 to €711
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 | €144,375 | €169,369 | +€24,994 | +17.3% |
| Fixed assets | 21/28 | €4,517 | €1,848 | -€2,669 | -59.1% |
| Tangible fixed assets | 22/27 | €4,219 | €1,550 | -€2,669 | -63.3% |
| Furniture and vehicles | 24 | €4,219 | €1,550 | -€2,669 | -63.3% |
| Financial fixed assets | 28 | €298 | €298 | = | 0.0% |
| Current assets | 29/58 | €139,858 | €167,521 | +€27,663 | +19.8% |
| Amounts receivable within one year | 40/41 | €87,048 | €89,979 | +€2,931 | +3.4% |
| Trade receivables | 40 | €12,218 | €10,369 | -€1,849 | -15.1% |
| Other amounts receivable | 41 | €74,830 | €79,610 | +€4,780 | +6.4% |
| Cash at bank and in hand | 54/58 | €52,339 | €76,911 | +€24,572 | +46.9% |
| Deferred charges and accrued income | 490/1 | €471 | €631 | +€160 | +34.1% |
| Total equity and liabilities | 10/49 | €144,375 | €169,369 | +€24,994 | +17.3% |
| Equity | 10/15 | €136,736 | €150,350 | +€13,614 | +10.0% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,743 | -€177,129 | +€13,614 | +7.1% |
| Amounts payable | 17/49 | €7,639 | €19,019 | +€11,380 | +149.0% |
| Amounts payable within one year | 42/48 | €7,639 | €19,019 | +€11,380 | +149.0% |
| Trade debts | 44 | €7,070 | €15,249 | +€8,179 | +115.7% |
| Suppliers | 440/4 | €7,070 | €15,249 | +€8,179 | +115.7% |
| Taxes, remuneration and social security | 45 | €569 | €3,770 | +€3,201 | +562.6% |
| Taxes | 450/3 | €569 | €3,770 | +€3,201 | +562.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,669 | €2,669 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,929 | €1,079 | -€850 | -44.1% |
| Gross operating margin | 9900 | €998 | €13,949 | +€12,951 | +1297.6% |
| Operating profit (loss) | 9901 | -€3,600 | €10,201 | +€13,800 | |
| Financial income | 75/76B | €4,258 | €4,491 | +€232 | +5.5% |
| Recurring financial income | 75 | €4,258 | €4,491 | +€232 | +5.5% |
| Financial charges | 65/66B | €131 | €366 | +€235 | +179.2% |
| Recurring financial charges | 65 | €131 | €366 | +€235 | +179.2% |
| Profit (loss) for the period before taxes | 9903 | €528 | €14,325 | +€13,797 | +2615.0% |
| Income taxes | 67/77 | €542 | €711 | +€169 | +31.2% |
| Profit (loss) for the period | 9904 | -€14 | €13,614 | +€13,628 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14 | €13,614 | +€13,628 |
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 30 September 2026 via checked.be.