BIT- IMPROVE: 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.
BIT- IMPROVE
Largest movements
- Tangible fixed assets -€28,195
down €28,195 (-6.4%), from €437,570 to €409,374
of which Land and buildings: -€25,558
- Cash -€27,524
down €27,524 (-52.1%), from €52,798 to €25,275
mainly Debts after one year (-€28,294) and Receivables within one year (-€14,515)
- Receivables within one year +€14,515
up €14,515 (+70.0%), from €20,739 to €35,254
of which Trade receivables: +€9,541
- Debts after one year -€28,294
down €28,294 (-8.7%), from €325,021 to €296,728
- Trade debts -€9,380
down €9,380 (-61.3%), from €15,308 to €5,928
- Gross operating margin -€26,400
down €26,400 (-30.9%), from €85,468 to €59,068
- Depreciation -€10,508
down €10,508 (-26.1%), from €40,298 to €29,790
- Taxes -€4,010
down €4,010 (-57.6%), from €6,965 to €2,955
- Financial charges -€1,454
down €1,454 (-7.7%), from €18,829 to €17,375
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 | €515,317 | €473,954 | -€41,363 | -8.0% |
| Fixed assets | 21/28 | €437,825 | €409,629 | -€28,195 | -6.4% |
| Tangible fixed assets | 22/27 | €437,570 | €409,374 | -€28,195 | -6.4% |
| Land and buildings | 22 | €425,879 | €400,321 | -€25,558 | -6.0% |
| Plant, machinery and equipment | 23 | €1,067 | €0 | -€1,067 | -100.0% |
| Furniture and vehicles | 24 | €10,623 | €9,053 | -€1,570 | -14.8% |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €77,492 | €64,325 | -€13,167 | -17.0% |
| Stocks and contracts in progress | 3 | €1,974 | €1,777 | -€197 | -10.0% |
| Stocks | 30/36 | €1,974 | €1,777 | -€197 | -10.0% |
| Amounts receivable within one year | 40/41 | €20,739 | €35,254 | +€14,515 | +70.0% |
| Trade receivables | 40 | €20,086 | €29,627 | +€9,541 | +47.5% |
| Other amounts receivable | 41 | €653 | €5,627 | +€4,974 | +761.3% |
| Cash at bank and in hand | 54/58 | €52,798 | €25,275 | -€27,524 | -52.1% |
| Deferred charges and accrued income | 490/1 | €1,981 | €2,020 | +€39 | +2.0% |
| Total equity and liabilities | 10/49 | €515,317 | €473,954 | -€41,363 | -8.0% |
| Equity | 10/15 | €119,772 | €116,192 | -€3,580 | -3.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,372 | €103,792 | -€3,580 | -3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,623 | €4,623 | = | 0.0% |
| Distributable reserves | 133 | €100,889 | €97,309 | -€3,580 | -3.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €395,545 | €357,762 | -€37,782 | -9.6% |
| Amounts payable after more than one year | 17 | €325,021 | €296,728 | -€28,294 | -8.7% |
| Financial debts | 170/4 | €325,021 | €296,728 | -€28,294 | -8.7% |
| Amounts payable within one year | 42/48 | €68,240 | €59,733 | -€8,507 | -12.5% |
| Current portion of amounts payable after more than one year | 42 | €26,904 | €28,294 | +€1,389 | +5.2% |
| Trade debts | 44 | €15,308 | €5,928 | -€9,380 | -61.3% |
| Suppliers | 440/4 | €15,308 | €5,928 | -€9,380 | -61.3% |
| Taxes, remuneration and social security | 45 | €12,132 | €10,111 | -€2,020 | -16.7% |
| Taxes | 450/3 | €11,610 | €10,111 | -€1,498 | -12.9% |
| Remuneration and social security | 454/9 | €522 | €0 | -€522 | -100.0% |
| Other amounts payable | 47/48 | €13,897 | €15,400 | +€1,504 | +10.8% |
| Accrued charges and deferred income | 492/3 | €2,283 | €1,301 | -€982 | -43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,298 | €29,790 | -€10,508 | -26.1% |
| Other operating charges | 640/8 | €3,229 | €3,139 | -€90 | -2.8% |
| Gross operating margin | 9900 | €85,468 | €59,068 | -€26,400 | -30.9% |
| Operating profit (loss) | 9901 | €41,941 | €26,138 | -€15,803 | -37.7% |
| Financial income | 75/76B | €37 | €7 | -€29 | -79.8% |
| Recurring financial income | 75 | €37 | €7 | -€29 | -79.8% |
| Financial charges | 65/66B | €18,829 | €17,375 | -€1,454 | -7.7% |
| Recurring financial charges | 65 | €18,829 | €17,375 | -€1,454 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €23,148 | €8,771 | -€14,377 | -62.1% |
| Income taxes | 67/77 | €6,965 | €2,955 | -€4,010 | -57.6% |
| Profit (loss) for the period | 9904 | €16,183 | €5,816 | -€10,367 | -64.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,183 | €5,816 | -€10,367 | -64.1% |
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.