C0089: 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.
C0089
Largest movements
- Tangible fixed assets -€796,673
down €796,673 (-49.9%), from €1.6m to €799,222
of which Land and buildings: -€753,683
- Current investments +€228,968
up €228,968 (+21.3%), from €1.1m to €1.3m
- Cash +€108,686
up €108,686 (+65.8%), from €165,139 to €273,826
mainly Investment in fixed assets (net) (+€765,733) and Receivables within one year (+€58,355)
- Receivables within one year -€58,355
down €58,355 (-32.1%), from €181,963 to €123,608
of which Other amounts receivable: -€46,577
- Debts after one year -€474,699
down €474,699 (-51.9%), from €914,180 to €439,481
- Gross operating margin -€96,033
down €96,033 (-73.8%), from €130,100 to €34,067
- Depreciation -€43,237
down €43,237 (-58.3%), from €74,177 to €30,940
- Financial income -€27,333
down €27,333 (-73.7%), from €37,107 to €9,775
- Other operating charges -€5,778
down €5,778 (-37.4%), from €15,465 to €9,687
- Financial charges -€4,835
down €4,835 (-17.2%), from €28,114 to €23,279
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 | €3,043,062 | €2,505,499 | -€537,563 | -17.7% |
| Fixed assets | 21/28 | €1,595,896 | €799,222 | -€796,673 | -49.9% |
| Tangible fixed assets | 22/27 | €1,595,896 | €799,222 | -€796,673 | -49.9% |
| Land and buildings | 22 | €1,519,672 | €765,988 | -€753,683 | -49.6% |
| Plant, machinery and equipment | 23 | €57,054 | €1,738 | -€55,317 | -97.0% |
| Furniture and vehicles | 24 | €19,169 | €31,496 | +€12,327 | +64.3% |
| Current assets | 29/58 | €1,447,167 | €1,706,277 | +€259,111 | +17.9% |
| Amounts receivable after more than one year | 29 | €11,000 | €0 | -€11,000 | -100% |
| Trade receivables | 290 | €11,000 | €0 | -€11,000 | -100% |
| Amounts receivable within one year | 40/41 | €181,963 | €123,608 | -€58,355 | -32.1% |
| Trade receivables | 40 | €11,778 | €0 | -€11,778 | -100% |
| Other amounts receivable | 41 | €170,185 | €123,608 | -€46,577 | -27.4% |
| Current investments | 50/53 | €1,077,049 | €1,306,017 | +€228,968 | +21.3% |
| Cash at bank and in hand | 54/58 | €165,139 | €273,826 | +€108,686 | +65.8% |
| Deferred charges and accrued income | 490/1 | €12,015 | €2,827 | -€9,188 | -76.5% |
| Total equity and liabilities | 10/49 | €3,043,062 | €2,505,499 | -€537,563 | -17.7% |
| Equity | 10/15 | €1,996,150 | €1,967,827 | -€28,323 | -1.4% |
| Contributions | 10/11 | €324,409 | €324,409 | = | 0.0% |
| Reserves | 13 | €1,671,740 | €1,643,418 | -€28,323 | -1.7% |
| Tax-exempt reserves | 132 | €7,895 | €7,895 | = | 0.0% |
| Distributable reserves | 133 | €1,663,845 | €1,635,522 | -€28,323 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,046,912 | €537,672 | -€509,240 | -48.6% |
| Amounts payable after more than one year | 17 | €914,180 | €439,481 | -€474,699 | -51.9% |
| Financial debts | 170/4 | €914,180 | €439,481 | -€474,699 | -51.9% |
| Amounts payable within one year | 42/48 | €130,977 | €96,436 | -€34,541 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €34,166 | €16,018 | -€18,148 | -53.1% |
| Financial debts | 43 | €11 | €2,221 | +€2,210 | +20,112% |
| Credit institutions | 430/8 | €11 | €2,221 | +€2,210 | +20,112% |
| Trade debts | 44 | €11,733 | €25,616 | +€13,883 | +118% |
| Suppliers | 440/4 | €11,733 | €25,616 | +€13,883 | +118% |
| Advances received on contracts in progress | 46 | €12,485 | €0 | -€12,485 | -100% |
| Taxes, remuneration and social security | 45 | €19,991 | €0 | -€19,991 | -100% |
| Taxes | 450/3 | €19,991 | €0 | -€19,991 | -100% |
| Other amounts payable | 47/48 | €52,591 | €52,581 | -€10 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,755 | €1,755 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,177 | €30,940 | -€43,237 | -58.3% |
| Other operating charges | 640/8 | €15,465 | €9,687 | -€5,778 | -37.4% |
| Non-recurring operating charges | 66A | - | €8,258 | +€8,258 | |
| Gross operating margin | 9900 | €130,100 | €34,067 | -€96,033 | -73.8% |
| Operating profit (loss) | 9901 | €40,458 | -€14,818 | -€55,276 | |
| Financial income | 75/76B | €37,107 | €9,775 | -€27,333 | -73.7% |
| Recurring financial income | 75 | €37,107 | €9,775 | -€27,333 | -73.7% |
| Financial charges | 65/66B | €28,114 | €23,279 | -€4,835 | -17.2% |
| Recurring financial charges | 65 | €28,114 | €23,279 | -€4,835 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €49,452 | -€28,323 | -€77,775 | |
| Income taxes | 67/77 | -€1,913 | €0 | +€1,913 | |
| Profit (loss) for the period | 9904 | €51,365 | -€28,323 | -€79,688 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,365 | -€28,323 | -€79,688 |
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 15 October 2026 via checked.be.