BY-OCTO: 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-OCTO
Largest movements
- Stocks and contracts -€34,078
down €34,078 (-35.2%), from €96,704 to €62,626
- Cash -€31,873
down €31,873 (-51.0%), from €62,493 to €30,620
mainly Net result for the year (-€109,851) and Trade debts (-€6,775)
- Receivables within one year -€15,893
down €15,893 (-21.1%), from €75,320 to €59,427
of which Other amounts receivable: -€16,856
- Intangible fixed assets -€14,230
down €14,230 (-32.5%), from €43,750 to €29,520
- Tangible fixed assets -€3,853
down €3,853 (-41.4%), from €9,301 to €5,448
- Profit (loss) carried forward -€109,851
down €109,851 (-40.7%), from -€269,883 to -€379,734
- Accrued charges and deferred income +€12,466
up €12,466 (+156.4%), from €7,973 to €20,438
- Trade debts -€6,775
down €6,775 (-28.3%), from €23,936 to €17,160
- Gross operating margin +€121,617
up €121,617 (+67.6%), from -€179,892 to -€58,275
- Depreciation -€21,512
down €21,512 (-54.3%), from €39,595 to €18,083
- Staff costs -€21,077
down €21,077 (-55.4%), from €38,014 to €16,937
- Write-downs +€3,400
new in 2025: €3,400
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 | €289,224 | €187,787 | -€101,437 | -35.1% |
| Fixed assets | 21/28 | €53,051 | €34,968 | -€18,083 | -34.1% |
| Intangible fixed assets | 21 | €43,750 | €29,520 | -€14,230 | -32.5% |
| Tangible fixed assets | 22/27 | €9,301 | €5,448 | -€3,853 | -41.4% |
| Furniture and vehicles | 24 | €9,301 | €5,448 | -€3,853 | -41.4% |
| Current assets | 29/58 | €236,174 | €152,819 | -€83,355 | -35.3% |
| Stocks and contracts in progress | 3 | €96,704 | €62,626 | -€34,078 | -35.2% |
| Stocks | 30/36 | €96,704 | €62,626 | -€34,078 | -35.2% |
| Amounts receivable within one year | 40/41 | €75,320 | €59,427 | -€15,893 | -21.1% |
| Trade receivables | 40 | €42,984 | €43,947 | +€963 | +2.2% |
| Other amounts receivable | 41 | €32,336 | €15,480 | -€16,856 | -52.1% |
| Cash at bank and in hand | 54/58 | €62,493 | €30,620 | -€31,873 | -51.0% |
| Deferred charges and accrued income | 490/1 | €1,656 | €146 | -€1,511 | -91.2% |
| Total equity and liabilities | 10/49 | €289,224 | €187,787 | -€101,437 | -35.1% |
| Equity | 10/15 | -€69,883 | -€179,734 | -€109,851 | -157.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€269,883 | -€379,734 | -€109,851 | -40.7% |
| Amounts payable | 17/49 | €359,108 | €367,521 | +€8,414 | +2.3% |
| Amounts payable within one year | 42/48 | €351,135 | €347,083 | -€4,052 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €1,020 | €870 | -€150 | -14.7% |
| Trade debts | 44 | €23,936 | €17,160 | -€6,775 | -28.3% |
| Suppliers | 440/4 | €23,936 | €17,160 | -€6,775 | -28.3% |
| Taxes, remuneration and social security | 45 | €2,110 | €4,983 | +€2,873 | +136.2% |
| Taxes | 450/3 | €298 | €2 | -€297 | -99.4% |
| Remuneration and social security | 454/9 | €1,811 | €4,981 | +€3,170 | +175.0% |
| Other amounts payable | 47/48 | €324,069 | €324,069 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,973 | €20,438 | +€12,466 | +156.4% |
| Remuneration, social security and pensions | 62 | €38,014 | €16,937 | -€21,077 | -55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,595 | €18,083 | -€21,512 | -54.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,400 | +€3,400 | |
| Other operating charges | 640/8 | €731 | €141 | -€590 | -80.7% |
| Non-recurring operating charges | 66A | - | €35 | +€35 | |
| Gross operating margin | 9900 | -€179,892 | -€58,275 | +€121,617 | +67.6% |
| Operating profit (loss) | 9901 | -€258,232 | -€96,870 | +€161,362 | +62.5% |
| Financial income | 75/76B | €829 | - | -€829 | |
| Recurring financial income | 75 | €434 | - | -€434 | |
| Non-recurring financial income | 76B | €395 | - | -€395 | |
| Financial charges | 65/66B | €12,480 | €12,981 | +€500 | +4.0% |
| Recurring financial charges | 65 | €12,480 | €12,981 | +€500 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€269,883 | -€109,851 | +€160,032 | +59.3% |
| Profit (loss) for the period | 9904 | -€269,883 | -€109,851 | +€160,032 | +59.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€269,883 | -€109,851 | +€160,032 | +59.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.