B19: 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.
B19
Largest movements
- Receivables within one year +€195,375
up €195,375 (+157%), from €124,551 to €319,926
of which Other amounts receivable: +€110,026
- Cash -€30,279
down €30,279 (-66.4%), from €45,630 to €15,351
mainly Receivables within one year (-€195,375) and Contributions, distributions and other (-€90,000)
- Deferred charges and accrued income -€13,417
down €13,417 (-59.0%), from €22,724 to €9,307
- Intangible fixed assets -€5,808
down €5,808 (-47.5%), from €12,221 to €6,413
- Tangible fixed assets -€5,094
down €5,094 (-10.2%), from €49,937 to €44,843
of which Furniture and vehicles: -€9,816
- Other debts +€88,834
up €88,834 (+7,619%), from €1,166 to €90,000
- Profit (loss) carried forward +€63,367
up €63,367, from -€59,658 to €3,709
- Tax, wage and social debts +€20,296
up €20,296 (+10.7%), from €189,663 to €209,958
of which Taxes: +€23,494
- Debts after one year -€18,481
down €18,481 (-53.3%), from €34,659 to €16,178
- Accrued charges and deferred income -€6,981
down €6,981 (-18.6%), from €37,587 to €30,606
- Gross operating margin +€131,581
up €131,581 (+54.0%), from €243,783 to €375,365
- Taxes +€42,099
up €42,099 (+183%), from €22,943 to €65,042
- Staff costs +€29,058
up €29,058 (+28.0%), from €103,878 to €132,935
- Financial income +€7,649
up €7,649 (+114,502%), from €7 to €7,655
- Financial charges -€3,843
down €3,843 (-23.9%), from €16,098 to €12,255
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 | €355,063 | €495,839 | +€140,777 | +39.6% |
| Fixed assets | 21/28 | €162,157 | €151,255 | -€10,902 | -6.7% |
| Intangible fixed assets | 21 | €12,221 | €6,413 | -€5,808 | -47.5% |
| Tangible fixed assets | 22/27 | €49,937 | €44,843 | -€5,094 | -10.2% |
| Furniture and vehicles | 24 | €25,597 | €15,781 | -€9,816 | -38.3% |
| Other tangible fixed assets | 26 | €24,340 | €29,061 | +€4,721 | +19.4% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €192,905 | €344,584 | +€151,679 | +78.6% |
| Amounts receivable within one year | 40/41 | €124,551 | €319,926 | +€195,375 | +157% |
| Trade receivables | 40 | €79,278 | €164,627 | +€85,349 | +108% |
| Other amounts receivable | 41 | €45,273 | €155,299 | +€110,026 | +243% |
| Cash at bank and in hand | 54/58 | €45,630 | €15,351 | -€30,279 | -66.4% |
| Deferred charges and accrued income | 490/1 | €22,724 | €9,307 | -€13,417 | -59.0% |
| Total equity and liabilities | 10/49 | €355,063 | €495,839 | +€140,777 | +39.6% |
| Equity | 10/15 | -€53,458 | €9,909 | +€63,367 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,658 | €3,709 | +€63,367 | |
| Amounts payable | 17/49 | €408,520 | €485,930 | +€77,410 | +18.9% |
| Amounts payable after more than one year | 17 | €34,659 | €16,178 | -€18,481 | -53.3% |
| Financial debts | 170/4 | €34,659 | €16,178 | -€18,481 | -53.3% |
| Amounts payable within one year | 42/48 | €336,275 | €439,146 | +€102,871 | +30.6% |
| Current portion of amounts payable after more than one year | 42 | €17,513 | €18,481 | +€968 | +5.5% |
| Financial debts | 43 | €51,488 | €48,274 | -€3,214 | -6.2% |
| Credit institutions | 430/8 | €51,488 | €48,274 | -€3,214 | -6.2% |
| Trade debts | 44 | €76,326 | €69,408 | -€6,917 | -9.1% |
| Suppliers | 440/4 | €76,326 | €69,408 | -€6,917 | -9.1% |
| Advances received on contracts in progress | 46 | €120 | €3,025 | +€2,905 | +2,421% |
| Taxes, remuneration and social security | 45 | €189,663 | €209,958 | +€20,296 | +10.7% |
| Taxes | 450/3 | €177,284 | €200,778 | +€23,494 | +13.3% |
| Remuneration and social security | 454/9 | €12,379 | €9,180 | -€3,199 | -25.8% |
| Other amounts payable | 47/48 | €1,166 | €90,000 | +€88,834 | +7,619% |
| Accrued charges and deferred income | 492/3 | €37,587 | €30,606 | -€6,981 | -18.6% |
| Remuneration, social security and pensions | 62 | €103,878 | €132,935 | +€29,058 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,385 | €19,034 | +€648 | +3.5% |
| Other operating charges | 640/8 | €442 | €387 | -€55 | -12.5% |
| Gross operating margin | 9900 | €243,783 | €375,365 | +€131,581 | +54.0% |
| Operating profit (loss) | 9901 | €121,078 | €223,008 | +€101,930 | +84.2% |
| Financial income | 75/76B | €7 | €7,655 | +€7,649 | +114,502% |
| Recurring financial income | 75 | €7 | €7,655 | +€7,649 | +114,502% |
| Financial charges | 65/66B | €16,098 | €12,255 | -€3,843 | -23.9% |
| Recurring financial charges | 65 | €16,098 | €12,255 | -€3,843 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | €104,987 | €218,409 | +€113,422 | +108% |
| Income taxes | 67/77 | €22,943 | €65,042 | +€42,099 | +183% |
| Profit (loss) for the period | 9904 | €82,044 | €153,367 | +€71,323 | +86.9% |
| Profit (loss) for the period to be appropriated | 9905 | €82,044 | €153,367 | +€71,323 | +86.9% |
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 26 October 2026 via checked.be.