B -LOW: 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 -LOW
Largest movements
- Receivables within one year -€10,933
down €10,933 (-24.9%), from €43,987 to €33,054
of which Trade receivables: -€10,452
- Cash +€5,232
up €5,232 (+156.9%), from €3,335 to €8,567
mainly Net result for the year (+€23,798) and Depreciation (+€23,033)
- Debts after one year -€45,716
down €45,716 (-22.3%), from €205,339 to €159,623
of which Financial debts: -€25,216
- Profit (loss) carried forward +€23,798
up €23,798 (+41.5%), from -€57,352 to -€33,554
- Other debts +€16,354
up €16,354 (+292.5%), from €5,590 to €21,944
- Tax, wage and social debts +€7,489
up €7,489 (+106.6%), from €7,023 to €14,512
of which Taxes: +€8,989
- Trade debts -€6,146
down €6,146 (-37.5%), from €16,384 to €10,238
- Gross operating margin +€25,385
up €25,385 (+71.1%), from €35,711 to €61,096
- Taxes +€6,878
up €6,878 (+623.7%), from €1,103 to €7,980
- Depreciation +€2,608
up €2,608 (+12.8%), from €20,426 to €23,033
- Other operating charges -€612
down €612 (-17.0%), from €3,597 to €2,985
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 | €209,842 | €206,039 | -€3,803 | -1.8% |
| Fixed assets | 21/28 | €160,113 | €162,174 | +€2,061 | +1.3% |
| Tangible fixed assets | 22/27 | €160,063 | €162,124 | +€2,061 | +1.3% |
| Land and buildings | 22 | €156,202 | €136,676 | -€19,525 | -12.5% |
| Plant, machinery and equipment | 23 | €1,369 | €1,923 | +€554 | +40.4% |
| Furniture and vehicles | 24 | €2,492 | €23,524 | +€21,032 | +843.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €49,729 | €43,865 | -€5,864 | -11.8% |
| Amounts receivable within one year | 40/41 | €43,987 | €33,054 | -€10,933 | -24.9% |
| Trade receivables | 40 | €43,500 | €33,048 | -€10,452 | -24.0% |
| Other amounts receivable | 41 | €487 | €6 | -€481 | -98.7% |
| Cash at bank and in hand | 54/58 | €3,335 | €8,567 | +€5,232 | +156.9% |
| Deferred charges and accrued income | 490/1 | €2,407 | €2,244 | -€163 | -6.8% |
| Total equity and liabilities | 10/49 | €209,842 | €206,039 | -€3,803 | -1.8% |
| Equity | 10/15 | -€49,292 | -€25,494 | +€23,798 | +48.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,352 | -€33,554 | +€23,798 | +41.5% |
| Amounts payable | 17/49 | €259,134 | €231,533 | -€27,601 | -10.7% |
| Amounts payable after more than one year | 17 | €205,339 | €159,623 | -€45,716 | -22.3% |
| Financial debts | 170/4 | €128,139 | €102,923 | -€25,216 | -19.7% |
| Other amounts payable | 178/9 | €77,200 | €56,700 | -€20,500 | -26.6% |
| Amounts payable within one year | 42/48 | €53,795 | €71,910 | +€18,115 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €24,798 | €25,216 | +€418 | +1.7% |
| Trade debts | 44 | €16,384 | €10,238 | -€6,146 | -37.5% |
| Suppliers | 440/4 | €16,384 | €10,238 | -€6,146 | -37.5% |
| Taxes, remuneration and social security | 45 | €7,023 | €14,512 | +€7,489 | +106.6% |
| Taxes | 450/3 | €5,523 | €14,512 | +€8,989 | +162.8% |
| Remuneration and social security | 454/9 | €1,500 | €0 | -€1,500 | -100.0% |
| Other amounts payable | 47/48 | €5,590 | €21,944 | +€16,354 | +292.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,426 | €23,033 | +€2,608 | +12.8% |
| Other operating charges | 640/8 | €3,597 | €2,985 | -€612 | -17.0% |
| Gross operating margin | 9900 | €35,711 | €61,096 | +€25,385 | +71.1% |
| Operating profit (loss) | 9901 | €11,689 | €35,077 | +€23,389 | +200.1% |
| Financial income | 75/76B | €8 | €47 | +€39 | +491.3% |
| Recurring financial income | 75 | €8 | €47 | +€39 | +491.3% |
| Financial charges | 65/66B | €3,730 | €3,346 | -€384 | -10.3% |
| Recurring financial charges | 65 | €3,730 | €3,346 | -€384 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €7,967 | €31,778 | +€23,812 | +298.9% |
| Income taxes | 67/77 | €1,103 | €7,980 | +€6,878 | +623.7% |
| Profit (loss) for the period | 9904 | €6,864 | €23,798 | +€16,934 | +246.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,864 | €23,798 | +€16,934 | +246.7% |
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 8 October 2026 via checked.be.