BREAKING DAWN: 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.
BREAKING DAWN
Largest movements
- Tangible fixed assets +€29,057
up €29,057 (+188%), from €15,433 to €44,490
of which Other tangible fixed assets: +€22,374
- Receivables within one year +€15,308
up €15,308 (+930%), from €1,647 to €16,954
of which Trade receivables: +€10,913
- Debts after one year +€23,793
up €23,793 (+1,317%), from €1,806 to €25,600
- Other debts +€9,817
new in 2025: €9,817
- Current portion of long-term debt +€6,691
new in 2025: €6,691
- Reserves +€3,099
up €3,099 (+52.5%), from €5,905 to €9,004
- Tax, wage and social debts +€2,630
up €2,630 (+74.8%), from €3,518 to €6,149
- Depreciation +€4,986
up €4,986 (+137%), from €3,642 to €8,627
- Taxes -€1,778
down €1,778 (-76.4%), from €2,326 to €548
- Gross operating margin +€1,561
up €1,561 (+12.1%), from €12,866 to €14,427
- Financial charges +€1,036
up €1,036 (+705%), from €147 to €1,183
- Other operating charges -€334
down €334 (-39.4%), from €847 to €513
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 | €18,889 | €63,778 | +€44,889 | +238% |
| Fixed assets | 21/28 | €15,433 | €44,490 | +€29,057 | +188% |
| Tangible fixed assets | 22/27 | €15,433 | €44,490 | +€29,057 | +188% |
| Furniture and vehicles | 24 | €6,542 | €13,224 | +€6,682 | +102% |
| Other tangible fixed assets | 26 | €8,891 | €31,266 | +€22,374 | +252% |
| Current assets | 29/58 | €3,455 | €19,288 | +€15,832 | +458% |
| Amounts receivable within one year | 40/41 | €1,647 | €16,954 | +€15,308 | +930% |
| Trade receivables | 40 | - | €10,913 | +€10,913 | |
| Other amounts receivable | 41 | €1,647 | €6,042 | +€4,395 | +267% |
| Cash at bank and in hand | 54/58 | €1,809 | €2,207 | +€399 | +22.0% |
| Deferred charges and accrued income | 490/1 | - | €126 | +€126 | |
| Total equity and liabilities | 10/49 | €18,889 | €63,778 | +€44,889 | +238% |
| Equity | 10/15 | €9,905 | €13,004 | +€3,099 | +31.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €5,905 | €9,004 | +€3,099 | +52.5% |
| Distributable reserves | 133 | €5,905 | €9,004 | +€3,099 | +52.5% |
| Amounts payable | 17/49 | €8,983 | €50,774 | +€41,790 | +465% |
| Amounts payable after more than one year | 17 | €1,806 | €25,600 | +€23,793 | +1,317% |
| Financial debts | 170/4 | €1,806 | €25,600 | +€23,793 | +1,317% |
| Amounts payable within one year | 42/48 | €7,177 | €25,174 | +€17,997 | +251% |
| Current portion of amounts payable after more than one year | 42 | - | €6,691 | +€6,691 | |
| Trade debts | 44 | €3,659 | €2,518 | -€1,141 | -31.2% |
| Suppliers | 440/4 | €3,659 | €2,518 | -€1,141 | -31.2% |
| Taxes, remuneration and social security | 45 | €3,518 | €6,149 | +€2,630 | +74.8% |
| Taxes | 450/3 | €3,518 | €6,149 | +€2,630 | +74.8% |
| Other amounts payable | 47/48 | - | €9,817 | +€9,817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,642 | €8,627 | +€4,986 | +137% |
| Other operating charges | 640/8 | €847 | €513 | -€334 | -39.4% |
| Non-recurring operating charges | 66A | - | €583 | +€583 | |
| Gross operating margin | 9900 | €12,866 | €14,427 | +€1,561 | +12.1% |
| Operating profit (loss) | 9901 | €8,378 | €4,704 | -€3,674 | -43.9% |
| Financial income | 75/76B | - | €126 | +€126 | |
| Recurring financial income | 75 | - | €126 | +€126 | |
| Financial charges | 65/66B | €147 | €1,183 | +€1,036 | +705% |
| Recurring financial charges | 65 | €147 | €1,183 | +€1,036 | +705% |
| Profit (loss) for the period before taxes | 9903 | €8,231 | €3,646 | -€4,585 | -55.7% |
| Income taxes | 67/77 | €2,326 | €548 | -€1,778 | -76.4% |
| Profit (loss) for the period | 9904 | €5,905 | €3,099 | -€2,807 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,905 | €3,099 | -€2,807 | -47.5% |
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 13 October 2026 via checked.be.