Blikvangers: 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.
Blikvangers
Largest movements
- Receivables within one year +€63,701
up €63,701 (+61.3%), from €103,928 to €167,629
of which Trade receivables: +€44,068
- Tangible fixed assets +€57,603
up €57,603 (+84.0%), from €68,565 to €126,168
of which Furniture and vehicles: +€47,089
- Cash -€31,107
down €31,107 (-63.8%), from €48,767 to €17,660
mainly Investment in fixed assets (net) (-€95,566) and Receivables within one year (-€63,701)
- Deferred charges and accrued income +€5,681
up €5,681 (+46.0%), from €12,360 to €18,041
- Debts after one year +€60,508
up €60,508 (+83.6%), from €72,362 to €132,870
of which Financial debts: +€60,508
- Short-term financial debts -€23,000
down €23,000 (-41.8%), from €55,000 to €32,000
- Tax, wage and social debts +€18,502
up €18,502 (+78.3%), from €23,623 to €42,125
of which Remuneration and social security: +€12,741
- Trade debts +€17,655
up €17,655 (+39.6%), from €44,595 to €62,250
- Reserves +€14,872
up €14,872 (+33.0%), from €45,038 to €59,910
- Gross operating margin +€102,574
up €102,574 (+63.6%), from €161,158 to €263,731
- Staff costs +€72,671
up €72,671 (+62.4%), from €116,388 to €189,060
- Depreciation +€9,222
up €9,222 (+32.2%), from €28,617 to €37,840
- Other operating charges +€5,105
up €5,105 (+307%), from €1,665 to €6,771
- Financial charges +€4,645
up €4,645 (+136%), from €3,417 to €8,062
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 | €280,908 | €376,909 | +€96,001 | +34.2% |
| Fixed assets | 21/28 | €85,853 | €143,579 | +€57,726 | +67.2% |
| Intangible fixed assets | 21 | €17,288 | €17,411 | +€123 | +0.7% |
| Tangible fixed assets | 22/27 | €68,565 | €126,168 | +€57,603 | +84.0% |
| Plant, machinery and equipment | 23 | €21,532 | €36,052 | +€14,519 | +67.4% |
| Furniture and vehicles | 24 | €38,320 | €85,410 | +€47,089 | +123% |
| Leasing and similar rights | 25 | €6,784 | €3,392 | -€3,392 | -50.0% |
| Other tangible fixed assets | 26 | €1,929 | €1,315 | -€614 | -31.8% |
| Current assets | 29/58 | €195,055 | €233,330 | +€38,275 | +19.6% |
| Stocks and contracts in progress | 3 | €30,000 | €30,000 | = | 0.0% |
| Stocks | 30/36 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €103,928 | €167,629 | +€63,701 | +61.3% |
| Trade receivables | 40 | €101,832 | €145,899 | +€44,068 | +43.3% |
| Other amounts receivable | 41 | €2,096 | €21,729 | +€19,633 | +937% |
| Cash at bank and in hand | 54/58 | €48,767 | €17,660 | -€31,107 | -63.8% |
| Deferred charges and accrued income | 490/1 | €12,360 | €18,041 | +€5,681 | +46.0% |
| Total equity and liabilities | 10/49 | €280,908 | €376,909 | +€96,001 | +34.2% |
| Equity | 10/15 | €46,038 | €60,910 | +€14,872 | +32.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,038 | €59,910 | +€14,872 | +33.0% |
| Distributable reserves | 133 | €45,038 | €59,910 | +€14,872 | +33.0% |
| Amounts payable | 17/49 | €234,870 | €315,999 | +€81,129 | +34.5% |
| Amounts payable after more than one year | 17 | €72,362 | €132,870 | +€60,508 | +83.6% |
| Financial debts | 170/4 | €23,962 | €84,470 | +€60,508 | +253% |
| Other amounts payable | 178/9 | €48,400 | €48,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €162,509 | €183,129 | +€20,620 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €16,167 | €27,243 | +€11,076 | +68.5% |
| Financial debts | 43 | €55,000 | €32,000 | -€23,000 | -41.8% |
| Credit institutions | 430/8 | €55,000 | €32,000 | -€23,000 | -41.8% |
| Trade debts | 44 | €44,595 | €62,250 | +€17,655 | +39.6% |
| Suppliers | 440/4 | €44,595 | €62,250 | +€17,655 | +39.6% |
| Taxes, remuneration and social security | 45 | €23,623 | €42,125 | +€18,502 | +78.3% |
| Taxes | 450/3 | €6,920 | €12,681 | +€5,761 | +83.2% |
| Remuneration and social security | 454/9 | €16,703 | €29,444 | +€12,741 | +76.3% |
| Other amounts payable | 47/48 | €23,125 | €19,511 | -€3,613 | -15.6% |
| Remuneration, social security and pensions | 62 | €116,388 | €189,060 | +€72,671 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,617 | €37,840 | +€9,222 | +32.2% |
| Other operating charges | 640/8 | €1,665 | €6,771 | +€5,105 | +307% |
| Gross operating margin | 9900 | €161,158 | €263,731 | +€102,574 | +63.6% |
| Operating profit (loss) | 9901 | €14,487 | €30,061 | +€15,574 | +108% |
| Financial income | 75/76B | €112 | €44 | -€69 | -61.0% |
| Recurring financial income | 75 | €112 | €44 | -€69 | -61.0% |
| Financial charges | 65/66B | €3,417 | €8,062 | +€4,645 | +136% |
| Recurring financial charges | 65 | €3,417 | €8,062 | +€4,645 | +136% |
| Profit (loss) for the period before taxes | 9903 | €11,182 | €22,043 | +€10,861 | +97.1% |
| Income taxes | 67/77 | €3,389 | €7,171 | +€3,782 | +112% |
| Profit (loss) for the period | 9904 | €7,793 | €14,872 | +€7,079 | +90.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,793 | €14,872 | +€7,079 | +90.8% |
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.