B & A: 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.
B & A
Largest movements
- Tangible fixed assets +€461,958
up €461,958 (+144%), from €321,784 to €783,742
of which Land and buildings: +€461,958
- Receivables within one year -€283,910
down €283,910 (-100%), from €283,910 to €0
of which Other amounts receivable: -€259,710
- Other debts +€103,069
up €103,069 (+117%), from €87,931 to €191,000
- Short-term financial debts +€53,372
up €53,372 (+103%), from €51,628 to €105,000
of which Credit institutions: +€55,000
- Debts after one year +€30,132
up €30,132 (+8.4%), from €360,419 to €390,551
- Trade debts -€12,535
down €12,535 (-59.6%), from €21,034 to €8,499
- Gross operating margin +€26,739
up €26,739 (+931%), from €2,872 to €29,611
- Depreciation -€12,556
down €12,556 (-66.5%), from €18,878 to €6,322
- Financial charges +€8,139
up €8,139 (+73.6%), from €11,065 to €19,204
- Financial income -€1,675
down €1,675 (-42.4%), from €3,952 to €2,277
- Taxes +€1,499
up €1,499 (+49.6%), from €3,019 to €4,518
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 | €628,434 | €806,066 | +€177,632 | +28.3% |
| Fixed assets | 21/28 | €321,784 | €783,742 | +€461,958 | +144% |
| Tangible fixed assets | 22/27 | €321,784 | €783,742 | +€461,958 | +144% |
| Land and buildings | 22 | €316,784 | €778,742 | +€461,958 | +146% |
| Furniture and vehicles | 24 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €306,650 | €22,324 | -€284,326 | -92.7% |
| Amounts receivable within one year | 40/41 | €283,910 | €0 | -€283,910 | -100% |
| Trade receivables | 40 | €24,200 | €0 | -€24,200 | -100% |
| Other amounts receivable | 41 | €259,710 | €0 | -€259,710 | -100% |
| Cash at bank and in hand | 54/58 | €14,362 | €16,778 | +€2,416 | +16.8% |
| Deferred charges and accrued income | 490/1 | €8,378 | €5,546 | -€2,832 | -33.8% |
| Total equity and liabilities | 10/49 | €628,434 | €806,066 | +€177,632 | +28.3% |
| Equity | 10/15 | €72,664 | €73,125 | +€461 | +0.6% |
| Contributions | 10/11 | €69,000 | €69,000 | = | 0.0% |
| Reserves | 13 | €6,900 | €6,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,900 | €6,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,900 | €6,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,236 | -€2,775 | +€461 | +14.2% |
| Amounts payable | 17/49 | €555,770 | €732,941 | +€177,171 | +31.9% |
| Amounts payable after more than one year | 17 | €360,419 | €390,551 | +€30,132 | +8.4% |
| Financial debts | 170/4 | €360,419 | €390,551 | +€30,132 | +8.4% |
| Amounts payable within one year | 42/48 | €193,912 | €340,112 | +€146,200 | +75.4% |
| Current portion of amounts payable after more than one year | 42 | €14,138 | €17,399 | +€3,261 | +23.1% |
| Financial debts | 43 | €51,628 | €105,000 | +€53,372 | +103% |
| Credit institutions | 430/8 | €50,000 | €105,000 | +€55,000 | +110% |
| Other loans | 439 | €1,628 | €0 | -€1,628 | -100% |
| Trade debts | 44 | €21,034 | €8,499 | -€12,535 | -59.6% |
| Suppliers | 440/4 | €21,034 | €8,499 | -€12,535 | -59.6% |
| Taxes, remuneration and social security | 45 | €19,181 | €18,214 | -€967 | -5.0% |
| Taxes | 450/3 | €19,181 | €18,214 | -€967 | -5.0% |
| Other amounts payable | 47/48 | €87,931 | €191,000 | +€103,069 | +117% |
| Accrued charges and deferred income | 492/3 | €1,439 | €2,278 | +€839 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,878 | €6,322 | -€12,556 | -66.5% |
| Other operating charges | 640/8 | €1,728 | €1,384 | -€344 | -19.9% |
| Gross operating margin | 9900 | €2,872 | €29,611 | +€26,739 | +931% |
| Operating profit (loss) | 9901 | -€17,734 | €21,905 | +€39,639 | |
| Financial income | 75/76B | €3,952 | €2,277 | -€1,675 | -42.4% |
| Recurring financial income | 75 | €3,952 | €2,277 | -€1,675 | -42.4% |
| Financial charges | 65/66B | €11,065 | €19,204 | +€8,139 | +73.6% |
| Recurring financial charges | 65 | €11,065 | €19,204 | +€8,139 | +73.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,847 | €4,978 | +€29,825 | |
| Income taxes | 67/77 | €3,019 | €4,518 | +€1,499 | +49.6% |
| Profit (loss) for the period | 9904 | -€27,866 | €460 | +€28,326 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,866 | €460 | +€28,326 |
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 14 October 2026 via checked.be.