BIOGRAPHIC: 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.
BIOGRAPHIC
Largest movements
- Tangible fixed assets +€152,046
up €152,046 (+210.5%), from €72,244 to €224,290
of which Furniture and vehicles: +€134,664
- Stocks and contracts -€78,008
down €78,008 (-21.0%), from €371,509 to €293,501
- Receivables within one year -€75,281
down €75,281 (-19.2%), from €393,051 to €317,770
of which Trade receivables: -€39,285
- Cash +€28,177
up €28,177 (+16.3%), from €172,949 to €201,126
mainly Net result for the year (+€339,438) and Stocks and contracts (+€78,008)
- Current investments -€25,532
down €25,532 (-2.5%), from €1.0m to €1.0m
- Reserves +€339,438
up €339,438 (+23.6%), from €1.4m to €1.8m
of which Distributable reserves: +€339,438
- Accrued charges and deferred income -€225,266
no longer reported in 2025 (was €225,266)
- Trade debts -€148,233
down €148,233 (-57.5%), from €257,962 to €109,729
- Tax, wage and social debts +€30,922
up €30,922 (+53.9%), from €57,418 to €88,340
of which Taxes: +€44,436
- Gross operating margin +€107,116
up €107,116 (+16.7%), from €641,169 to €748,286
- Staff costs -€80,217
down €80,217 (-25.5%), from €314,531 to €234,314
- Taxes +€59,081
up €59,081 (+60.0%), from €98,499 to €157,580
- Financial income +€17,564
up €17,564 (+268.4%), from €6,543 to €24,107
- Write-downs +€7,659
new in 2025: €7,659
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 | €2,040,883 | €2,041,626 | +€743 | 0.0% |
| Fixed assets | 21/28 | €73,948 | €225,334 | +€151,386 | +204.7% |
| Intangible fixed assets | 21 | €1,704 | €1,044 | -€660 | -38.7% |
| Tangible fixed assets | 22/27 | €72,244 | €224,290 | +€152,046 | +210.5% |
| Plant, machinery and equipment | 23 | €14,883 | €35,054 | +€20,172 | +135.5% |
| Furniture and vehicles | 24 | €45,814 | €180,478 | +€134,664 | +293.9% |
| Other tangible fixed assets | 26 | €11,548 | €8,758 | -€2,790 | -24.2% |
| Current assets | 29/58 | €1,966,935 | €1,816,292 | -€150,643 | -7.7% |
| Stocks and contracts in progress | 3 | €371,509 | €293,501 | -€78,008 | -21.0% |
| Stocks | 30/36 | €371,509 | €293,501 | -€78,008 | -21.0% |
| Amounts receivable within one year | 40/41 | €393,051 | €317,770 | -€75,281 | -19.2% |
| Trade receivables | 40 | €347,413 | €308,128 | -€39,285 | -11.3% |
| Other amounts receivable | 41 | €45,638 | €9,642 | -€35,996 | -78.9% |
| Current investments | 50/53 | €1,029,426 | €1,003,895 | -€25,532 | -2.5% |
| Cash at bank and in hand | 54/58 | €172,949 | €201,126 | +€28,177 | +16.3% |
| Total equity and liabilities | 10/49 | €2,040,883 | €2,041,626 | +€743 | 0.0% |
| Equity | 10/15 | €1,460,304 | €1,799,742 | +€339,438 | +23.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,440,304 | €1,779,742 | +€339,438 | +23.6% |
| Non-distributable reserves | 130/1 | €48,610 | €48,610 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,360 | €20,360 | = | 0.0% |
| Other | 1319 | €28,250 | €28,250 | = | 0.0% |
| Distributable reserves | 133 | €1,391,694 | €1,731,132 | +€339,438 | +24.4% |
| Amounts payable | 17/49 | €580,579 | €241,885 | -€338,695 | -58.3% |
| Amounts payable within one year | 42/48 | €355,313 | €241,885 | -€113,429 | -31.9% |
| Trade debts | 44 | €257,962 | €109,729 | -€148,233 | -57.5% |
| Suppliers | 440/4 | €257,962 | €109,729 | -€148,233 | -57.5% |
| Taxes, remuneration and social security | 45 | €57,418 | €88,340 | +€30,922 | +53.9% |
| Taxes | 450/3 | €25,680 | €70,116 | +€44,436 | +173.0% |
| Remuneration and social security | 454/9 | €31,739 | €18,224 | -€13,515 | -42.6% |
| Other amounts payable | 47/48 | €39,933 | €43,815 | +€3,883 | +9.7% |
| Accrued charges and deferred income | 492/3 | €225,266 | - | -€225,266 | |
| Non-recurring operating income | 76A | €2,475 | €16,529 | +€14,054 | +567.8% |
| Remuneration, social security and pensions | 62 | €314,531 | €234,314 | -€80,217 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,653 | €26,367 | +€4,715 | +21.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €7,659 | +€7,659 | |
| Other operating charges | 640/8 | €1,909 | €3,191 | +€1,282 | +67.2% |
| Gross operating margin | 9900 | €641,169 | €748,286 | +€107,116 | +16.7% |
| Operating profit (loss) | 9901 | €303,076 | €476,754 | +€173,677 | +57.3% |
| Financial income | 75/76B | €6,543 | €24,107 | +€17,564 | +268.4% |
| Recurring financial income | 75 | €6,543 | €24,107 | +€17,564 | +268.4% |
| Financial charges | 65/66B | €3,890 | €3,843 | -€47 | -1.2% |
| Recurring financial charges | 65 | €3,890 | €3,843 | -€47 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €305,729 | €497,018 | +€191,288 | +62.6% |
| Income taxes | 67/77 | €98,499 | €157,580 | +€59,081 | +60.0% |
| Profit (loss) for the period | 9904 | €207,230 | €339,438 | +€132,207 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €207,230 | €339,438 | +€132,207 | +63.8% |
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.