Behind The Numbers: 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.
Behind The Numbers
Largest movements
- Receivables within one year -€70,807
down €70,807 (-90.9%), from €77,865 to €7,058
of which Trade receivables: -€44,901
- Cash +€12,667
up €12,667 (+11.3%), from €112,451 to €125,118
mainly Other debts (+€131,505) and Receivables within one year (+€70,807)
- Profit (loss) carried forward -€175,582
down €175,582 (-92.4%), from €190,107 to €14,524
- Other debts +€131,505
up €131,505 (+15,787%), from €833 to €132,338
- Tax, wage and social debts -€15,661
down €15,661 (-76.6%), from €20,432 to €4,771
- Gross operating margin -€85,146
down €85,146 (-86.9%), from €97,996 to €12,850
- Taxes -€16,419
down €16,419 (-84.1%), from €19,517 to €3,098
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 | €218,921 | €159,417 | -€59,504 | -27.2% |
| Fixed assets | 21/28 | €3,045 | €1,724 | -€1,321 | -43.4% |
| Tangible fixed assets | 22/27 | €3,045 | €1,724 | -€1,321 | -43.4% |
| Furniture and vehicles | 24 | €3,045 | €1,724 | -€1,321 | -43.4% |
| Current assets | 29/58 | €215,876 | €157,693 | -€58,183 | -27.0% |
| Amounts receivable within one year | 40/41 | €77,865 | €7,058 | -€70,807 | -90.9% |
| Trade receivables | 40 | €45,057 | €156 | -€44,901 | -99.7% |
| Other amounts receivable | 41 | €32,808 | €6,902 | -€25,905 | -79.0% |
| Current investments | 50/53 | €25,500 | €25,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €112,451 | €125,118 | +€12,667 | +11.3% |
| Deferred charges and accrued income | 490/1 | €60 | €17 | -€43 | -71.0% |
| Total equity and liabilities | 10/49 | €218,921 | €159,417 | -€59,504 | -27.2% |
| Equity | 10/15 | €195,107 | €19,524 | -€175,582 | -90.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,107 | €14,524 | -€175,582 | -92.4% |
| Amounts payable | 17/49 | €23,814 | €139,893 | +€116,079 | +487% |
| Amounts payable within one year | 42/48 | €23,814 | €139,893 | +€116,079 | +487% |
| Trade debts | 44 | €2,549 | €2,783 | +€234 | +9.2% |
| Suppliers | 440/4 | €2,549 | €2,783 | +€234 | +9.2% |
| Taxes, remuneration and social security | 45 | €20,432 | €4,771 | -€15,661 | -76.6% |
| Taxes | 450/3 | €20,432 | €4,771 | -€15,661 | -76.6% |
| Other amounts payable | 47/48 | €833 | €132,338 | +€131,505 | +15,787% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,438 | €1,321 | -€117 | -8.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Non-recurring operating charges | 66A | €1,821 | - | -€1,821 | |
| Gross operating margin | 9900 | €97,996 | €12,850 | -€85,146 | -86.9% |
| Operating profit (loss) | 9901 | €94,353 | €11,142 | -€83,211 | -88.2% |
| Financial income | 75/76B | €1,162 | €1,447 | +€285 | +24.5% |
| Recurring financial income | 75 | €1,162 | €1,447 | +€285 | +24.5% |
| Financial charges | 65/66B | €35 | €73 | +€39 | +111% |
| Recurring financial charges | 65 | €35 | €73 | +€39 | +111% |
| Profit (loss) for the period before taxes | 9903 | €95,480 | €12,515 | -€82,965 | -86.9% |
| Income taxes | 67/77 | €19,517 | €3,098 | -€16,419 | -84.1% |
| Profit (loss) for the period | 9904 | €75,963 | €9,418 | -€66,545 | -87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,963 | €9,418 | -€66,545 | -87.6% |
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 19 October 2026 via checked.be.