B 4: 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 4
Largest movements
- Receivables within one year +€6,961
up €6,961 (+53.2%), from €13,087 to €20,048
- Cash +€5,850
up €5,850 (+497.2%), from €1,177 to €7,027
mainly Net result for the year (+€28,128) and Depreciation (+€41)
- Profit (loss) carried forward +€28,128
up €28,128 (+5.6%), from -€498,370 to -€470,242
- Other debts -€8,372
down €8,372 (-2.8%), from €298,865 to €290,493
- Trade debts -€6,985
down €6,985 (-87.4%), from €7,988 to €1,003
- Gross operating margin +€5,785
up €5,785 (+25.4%), from €22,793 to €28,578
- Financial charges -€327
down €327 (-72.6%), from €450 to €123
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 | €19,004 | €31,774 | +€12,770 | +67.2% |
| Fixed assets | 21/28 | €4,740 | €4,700 | -€41 | -0.9% |
| Intangible fixed assets | 21 | €4,007 | €4,007 | = | 0.0% |
| Tangible fixed assets | 22/27 | €163 | €122 | -€41 | -25.0% |
| Plant, machinery and equipment | 23 | €163 | €122 | -€41 | -25.0% |
| Financial fixed assets | 28 | €570 | €570 | = | 0.0% |
| Current assets | 29/58 | €14,263 | €27,075 | +€12,811 | +89.8% |
| Amounts receivable within one year | 40/41 | €13,087 | €20,048 | +€6,961 | +53.2% |
| Trade receivables | 40 | €13,087 | €20,048 | +€6,961 | +53.2% |
| Cash at bank and in hand | 54/58 | €1,177 | €7,027 | +€5,850 | +497.2% |
| Total equity and liabilities | 10/49 | €19,004 | €31,774 | +€12,770 | +67.2% |
| Equity | 10/15 | -€287,850 | -€259,722 | +€28,128 | +9.8% |
| Contributions | 10/11 | €210,450 | €210,450 | = | 0.0% |
| Reserves | 13 | €70 | €70 | = | 0.0% |
| Distributable reserves | 133 | €70 | €70 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€498,370 | -€470,242 | +€28,128 | +5.6% |
| Amounts payable | 17/49 | €306,853 | €291,496 | -€15,358 | -5.0% |
| Amounts payable within one year | 42/48 | €306,853 | €291,496 | -€15,358 | -5.0% |
| Trade debts | 44 | €7,988 | €1,003 | -€6,985 | -87.4% |
| Suppliers | 440/4 | €7,988 | €1,003 | -€6,985 | -87.4% |
| Other amounts payable | 47/48 | €298,865 | €290,493 | -€8,372 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €41 | = | 0.0% |
| Other operating charges | 640/8 | €416 | €285 | -€131 | -31.4% |
| Gross operating margin | 9900 | €22,793 | €28,578 | +€5,785 | +25.4% |
| Operating profit (loss) | 9901 | €22,336 | €28,251 | +€5,915 | +26.5% |
| Financial charges | 65/66B | €450 | €123 | -€327 | -72.6% |
| Recurring financial charges | 65 | €450 | €123 | -€327 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €21,886 | €28,128 | +€6,242 | +28.5% |
| Profit (loss) for the period | 9904 | €21,886 | €28,128 | +€6,242 | +28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,886 | €28,128 | +€6,242 | +28.5% |
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 7 October 2026 via checked.be.