BIG: 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.
BIG
Largest movements
- Tangible fixed assets +€938,610
up €938,610 (+2713.5%), from €34,590 to €973,200
of which Other tangible fixed assets: +€945,038
- Stocks and contracts -€898,000
down €898,000 (-85.7%), from €1.0m to €150,000
- Receivables within one year -€185,007
down €185,007 (-33.7%), from €548,640 to €363,634
of which Trade receivables: -€181,205
- Cash -€66,210
down €66,210 (-65.2%), from €101,592 to €35,382
mainly Investment in fixed assets (net) (-€1.2m) and Net result for the year (-€179,216)
- Reserves -€179,216
down €179,216 (-34.7%), from €516,653 to €337,436
of which Distributable reserves: -€179,216
- Trade debts +€79,754
up €79,754 (+20.0%), from €398,893 to €478,648
- Tax, wage and social debts -€65,009
down €65,009 (-95.3%), from €68,230 to €3,221
of which Taxes: -€65,000
- Other debts -€41,425
down €41,425 (-5.9%), from €706,290 to €664,865
- Depreciation +€225,432
up €225,432 (+3746.0%), from €6,018 to €231,450
- Gross operating margin -€98,275
down €98,275 (-27.6%), from €356,024 to €257,750
- Taxes -€62,159
down €62,159 (-94.6%), from €65,708 to €3,549
- Write-downs +€53,408
new in 2025: €53,408
- Other operating charges +€32,381
up €32,381 (+1318.0%), from €2,457 to €34,838
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 | €1,733,323 | €1,522,715 | -€210,607 | -12.2% |
| Fixed assets | 21/28 | €35,090 | €973,700 | +€938,610 | +2674.9% |
| Tangible fixed assets | 22/27 | €34,590 | €973,200 | +€938,610 | +2713.5% |
| Furniture and vehicles | 24 | €34,590 | €28,162 | -€6,428 | -18.6% |
| Other tangible fixed assets | 26 | - | €945,038 | +€945,038 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,698,233 | €549,016 | -€1.1m | -67.7% |
| Stocks and contracts in progress | 3 | €1,048,000 | €150,000 | -€898,000 | -85.7% |
| Stocks | 30/36 | €1,048,000 | €150,000 | -€898,000 | -85.7% |
| Amounts receivable within one year | 40/41 | €548,640 | €363,634 | -€185,007 | -33.7% |
| Trade receivables | 40 | €518,408 | €337,203 | -€181,205 | -35.0% |
| Other amounts receivable | 41 | €30,232 | €26,431 | -€3,801 | -12.6% |
| Cash at bank and in hand | 54/58 | €101,592 | €35,382 | -€66,210 | -65.2% |
| Total equity and liabilities | 10/49 | €1,733,323 | €1,522,715 | -€210,607 | -12.2% |
| Equity | 10/15 | €535,253 | €356,036 | -€179,216 | -33.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €516,653 | €337,436 | -€179,216 | -34.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €514,793 | €335,576 | -€179,216 | -34.8% |
| Amounts payable | 17/49 | €1,198,070 | €1,166,679 | -€31,391 | -2.6% |
| Amounts payable after more than one year | 17 | €17,124 | €12,413 | -€4,711 | -27.5% |
| Financial debts | 170/4 | €17,124 | €12,413 | -€4,711 | -27.5% |
| Amounts payable within one year | 42/48 | €1,179,060 | €1,152,380 | -€26,680 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €5,646 | €5,646 | = | 0.0% |
| Trade debts | 44 | €398,893 | €478,648 | +€79,754 | +20.0% |
| Suppliers | 440/4 | €398,893 | €478,648 | +€79,754 | +20.0% |
| Taxes, remuneration and social security | 45 | €68,230 | €3,221 | -€65,009 | -95.3% |
| Taxes | 450/3 | €65,000 | - | -€65,000 | |
| Remuneration and social security | 454/9 | €3,230 | €3,221 | -€9 | -0.3% |
| Other amounts payable | 47/48 | €706,290 | €664,865 | -€41,425 | -5.9% |
| Accrued charges and deferred income | 492/3 | €1,886 | €1,886 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €94,424 | €96,040 | +€1,616 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,018 | €231,450 | +€225,432 | +3746.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €53,408 | +€53,408 | |
| Other operating charges | 640/8 | €2,457 | €34,838 | +€32,381 | +1318.0% |
| Non-recurring operating charges | 66A | - | €13,691 | +€13,691 | |
| Gross operating margin | 9900 | €356,024 | €257,750 | -€98,275 | -27.6% |
| Operating profit (loss) | 9901 | €253,125 | -€171,678 | -€424,803 | |
| Financial income | 75/76B | €30 | - | -€30 | |
| Recurring financial income | 75 | €30 | - | -€30 | |
| Financial charges | 65/66B | €3,540 | €3,990 | +€449 | +12.7% |
| Recurring financial charges | 65 | €3,540 | €3,990 | +€449 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €249,615 | -€175,667 | -€425,283 | |
| Income taxes | 67/77 | €65,708 | €3,549 | -€62,159 | -94.6% |
| Profit (loss) for the period | 9904 | €183,908 | -€179,216 | -€363,124 | |
| Profit (loss) for the period to be appropriated | 9905 | €183,908 | -€179,216 | -€363,124 |
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 6 October 2026 via checked.be.