BUSINESS WAYS: what changed
What changed
BUSINESS WAYS
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€99,220
2024 · €275,069-€175,849
Equity
€496,850
2024 · €1.3m-€834,494
Cash
€104,060
2024 · €558,064-€454,004
Balance sheet total
€1.0m
2024 · €1.4m-€411,262
Largest movements
Assets
- Cash -€454,004
down €454,004 (-81.4%), from €558,064 to €104,060
mainly Contributions, distributions and other (-€933,714) and Tax, wage and social debts (-€61,916)
- Financial fixed assets +€39,740
up €39,740 (+21.5%), from €185,260 to €225,000
Equity and liabilities
- Reserves -€834,714
down €834,714 (-65.8%), from €1.3m to €434,114
of which Distributable reserves: -€834,714
- Other debts +€483,329
up €483,329 (+16,111%), from €3,000 to €486,329
- Tax, wage and social debts -€61,916
down €61,916 (-69.8%), from €88,705 to €26,789
Income statement
- Gross operating margin -€236,314
down €236,314 (-62.0%), from €380,963 to €144,649
- Taxes -€80,706
down €80,706 (-66.0%), from €122,265 to €41,560
- Financial income -€22,604
down €22,604 (-97.6%), from €23,154 to €550
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€275,069
Gross operating margin
-€236,314
Depreciation
+€80
Other operating charges
+€1,557
Financial income
-€22,604
Financial charges
+€726
Taxes
+€80,706
Result 2025
€99,220
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€528,206
Investment
-€48,497
Financing
-€933,714
Cash 2024
€558,064
From operations (derived)
+€528,206
Net result for the year
+€99,220
Depreciation
+€2,441
Receivables within one year
+€2,919
Smaller working-capital items
+€2,213
Tax, wage and social debts
-€61,916
Other debts
+€483,329
Investment (derived)
-€48,497
Investment in fixed assets (net)
-€48,497
Financing
-€933,714
Contributions, distributions and other
-€933,714
Cash 2025
€104,060
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,424,768 | €1,013,506 | -€411,262 | -28.9% |
| Fixed assets | 21/28 | €221,869 | €267,925 | +€46,056 | +20.8% |
| Tangible fixed assets | 22/27 | €36,609 | €42,925 | +€6,316 | +17.3% |
| Furniture and vehicles | 24 | €36,609 | €42,925 | +€6,316 | +17.3% |
| Financial fixed assets | 28 | €185,260 | €225,000 | +€39,740 | +21.5% |
| Current assets | 29/58 | €1,202,900 | €745,581 | -€457,319 | -38.0% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €24,711 | €21,791 | -€2,919 | -11.8% |
| Trade receivables | 40 | €22,240 | €21,791 | -€448 | -2.0% |
| Other amounts receivable | 41 | €2,471 | €0 | -€2,471 | -100% |
| Current investments | 50/53 | €618,114 | €618,114 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €558,064 | €104,060 | -€454,004 | -81.4% |
| Deferred charges and accrued income | 490/1 | €2,011 | €1,616 | -€395 | -19.6% |
| Total equity and liabilities | 10/49 | €1,424,768 | €1,013,506 | -€411,262 | -28.9% |
| Equity | 10/15 | €1,331,344 | €496,850 | -€834,494 | -62.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €501 | €501 | = | 0.0% |
| Reserves | 13 | €1,268,828 | €434,114 | -€834,714 | -65.8% |
| Non-distributable reserves | 130/1 | €42,114 | €42,114 | = | 0.0% |
| Legal reserve | 130 | €42,114 | €42,114 | = | 0.0% |
| Distributable reserves | 133 | €1,226,714 | €392,000 | -€834,714 | -68.0% |
| Profit (loss) carried forward | 14 | €515 | €735 | +€220 | +42.8% |
| Amounts payable | 17/49 | €93,424 | €516,655 | +€423,231 | +453% |
| Amounts payable within one year | 42/48 | €93,424 | €516,655 | +€423,231 | +453% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,719 | €3,538 | +€1,818 | +106% |
| Suppliers | 440/4 | €1,719 | €3,538 | +€1,818 | +106% |
| Taxes, remuneration and social security | 45 | €88,705 | €26,789 | -€61,916 | -69.8% |
| Taxes | 450/3 | €88,705 | €26,789 | -€61,916 | -69.8% |
| Other amounts payable | 47/48 | €3,000 | €486,329 | +€483,329 | +16,111% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,521 | €2,441 | -€80 | -3.2% |
| Other operating charges | 640/8 | €2,947 | €1,391 | -€1,557 | -52.8% |
| Gross operating margin | 9900 | €380,963 | €144,649 | -€236,314 | -62.0% |
| Operating profit (loss) | 9901 | €375,495 | €140,818 | -€234,677 | -62.5% |
| Financial income | 75/76B | €23,154 | €550 | -€22,604 | -97.6% |
| Recurring financial income | 75 | €23,154 | €550 | -€22,604 | -97.6% |
| Financial charges | 65/66B | €1,315 | €588 | -€726 | -55.2% |
| Recurring financial charges | 65 | €815 | €588 | -€226 | -27.8% |
| Non-recurring financial charges | 66B | €500 | €0 | -€500 | -100% |
| Profit (loss) for the period before taxes | 9903 | €397,335 | €140,780 | -€256,555 | -64.6% |
| Income taxes | 67/77 | €122,265 | €41,560 | -€80,706 | -66.0% |
| Profit (loss) for the period | 9904 | €275,069 | €99,220 | -€175,849 | -63.9% |
| Profit (loss) for the period to be appropriated | 9905 | €275,069 | €99,220 | -€175,849 | -63.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.