By J.V.: 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.
By J.V.
Largest movements
- Cash +€46,738
new in 2025: €46,738
mainly Receivables within one year (+€25,090) and Current investments (+€14,588)
- Receivables within one year -€25,090
down €25,090 (-69.6%), from €36,055 to €10,965
of which Trade receivables: -€26,737
- Current investments -€14,588
no longer reported in 2025 (was €14,588)
- Reserves +€7,548
up €7,548 (+29.1%), from €25,950 to €33,498
- Trade debts +€7,416
up €7,416 (+164%), from €4,514 to €11,930
- Tax, wage and social debts -€5,398
down €5,398 (-43.3%), from €12,464 to €7,066
of which Remuneration and social security: -€6,464
- Other debts -€2,281
down €2,281 (-89.7%), from €2,543 to €262
- Staff costs -€31,804
down €31,804 (-73.9%), from €43,013 to €11,209
- Gross operating margin -€31,185
down €31,185 (-58.8%), from €53,055 to €21,870
- Other operating charges -€1,586
down €1,586 (-64.4%), from €2,463 to €877
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 | €53,911 | €61,196 | +€7,285 | +13.5% |
| Current assets | 29/58 | €53,911 | €61,196 | +€7,285 | +13.5% |
| Amounts receivable within one year | 40/41 | €36,055 | €10,965 | -€25,090 | -69.6% |
| Trade receivables | 40 | €36,055 | €9,319 | -€26,737 | -74.2% |
| Other amounts receivable | 41 | - | €1,647 | +€1,647 | |
| Current investments | 50/53 | €14,588 | - | -€14,588 | |
| Cash at bank and in hand | 54/58 | - | €46,738 | +€46,738 | |
| Deferred charges and accrued income | 490/1 | €3,267 | €3,493 | +€225 | +6.9% |
| Total equity and liabilities | 10/49 | €53,911 | €61,196 | +€7,285 | +13.5% |
| Equity | 10/15 | €34,390 | €41,939 | +€7,548 | +21.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,950 | €33,498 | +€7,548 | +29.1% |
| Distributable reserves | 133 | €25,950 | €33,498 | +€7,548 | +29.1% |
| Profit (loss) carried forward | 14 | €2,241 | €2,241 | = | 0.0% |
| Amounts payable | 17/49 | €19,521 | €19,258 | -€263 | -1.3% |
| Amounts payable within one year | 42/48 | €19,521 | €19,258 | -€263 | -1.3% |
| Trade debts | 44 | €4,514 | €11,930 | +€7,416 | +164% |
| Suppliers | 440/4 | €4,514 | €11,930 | +€7,416 | +164% |
| Taxes, remuneration and social security | 45 | €12,464 | €7,066 | -€5,398 | -43.3% |
| Taxes | 450/3 | €6,000 | €7,066 | +€1,066 | +17.8% |
| Remuneration and social security | 454/9 | €6,464 | - | -€6,464 | |
| Other amounts payable | 47/48 | €2,543 | €262 | -€2,281 | -89.7% |
| Non-recurring operating income | 76A | - | €11 | +€11 | |
| Remuneration, social security and pensions | 62 | €43,013 | €11,209 | -€31,804 | -73.9% |
| Other operating charges | 640/8 | €2,463 | €877 | -€1,586 | -64.4% |
| Non-recurring operating charges | 66A | €179 | €816 | +€636 | +355% |
| Gross operating margin | 9900 | €53,055 | €21,870 | -€31,185 | -58.8% |
| Operating profit (loss) | 9901 | €7,400 | €8,968 | +€1,568 | +21.2% |
| Financial charges | 65/66B | €263 | €221 | -€42 | -16.1% |
| Recurring financial charges | 65 | €263 | €221 | -€42 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €7,137 | €8,747 | +€1,611 | +22.6% |
| Income taxes | 67/77 | €1,071 | €1,199 | +€128 | +12.0% |
| Profit (loss) for the period | 9904 | €6,066 | €7,548 | +€1,482 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,066 | €7,548 | +€1,482 | +24.4% |
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 26 October 2026 via checked.be.