C11: what changed
Two fiscal 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.
C11
Largest movements
- Cash +€28,495
up €28,495 (+247.7%), from €11,505 to €40,000
mainly Net result for the year (+€45,191) and Other debts (+€12,153)
- Receivables after one year +€5,000
up €5,000 (+4.8%), from €105,000 to €110,000
- Tangible fixed assets +€2,790
up €2,790 (+162.9%), from €1,712 to €4,503
- Profit (loss) carried forward +€15,191
up €15,191 (+14.0%), from €108,876 to €124,066
- Other debts +€12,153
up €12,153 (+67.2%), from €18,081 to €30,234
- Tax, wage and social debts +€7,782
up €7,782 (+73.8%), from €10,542 to €18,324
- Trade debts +€3,991
up €3,991 (+32.1%), from €12,447 to €16,438
- Financial charges -€5,100
down €5,100 (-14.4%), from €35,376 to €30,275
of which Non-recurring financial charges: -€5,000
- Gross operating margin +€5,049
up €5,049 (+7.0%), from €71,887 to €76,936
- Financial income +€4,454
up €4,454 (+237.5%), from €1,875 to €6,329
- Taxes +€1,119
up €1,119 (+21.5%), from €5,216 to €6,335
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 | €195,525 | €231,541 | +€36,016 | +18.4% |
| Fixed assets | 21/28 | €61,712 | €64,503 | +€2,790 | +4.5% |
| Tangible fixed assets | 22/27 | €1,712 | €4,503 | +€2,790 | +162.9% |
| Plant, machinery and equipment | 23 | €1,712 | €4,503 | +€2,790 | +162.9% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €133,812 | €167,038 | +€33,226 | +24.8% |
| Amounts receivable after more than one year | 29 | €105,000 | €110,000 | +€5,000 | +4.8% |
| Other amounts receivable | 291 | €105,000 | €110,000 | +€5,000 | +4.8% |
| Amounts receivable within one year | 40/41 | €15,428 | €15,387 | -€40 | -0.3% |
| Trade receivables | 40 | €15,428 | €15,387 | -€40 | -0.3% |
| Cash at bank and in hand | 54/58 | €11,505 | €40,000 | +€28,495 | +247.7% |
| Deferred charges and accrued income | 490/1 | €1,880 | €1,651 | -€229 | -12.2% |
| Total equity and liabilities | 10/49 | €195,525 | €231,541 | +€36,016 | +18.4% |
| Equity | 10/15 | €149,778 | €164,969 | +€15,191 | +10.1% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,718 | €3,718 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,876 | €124,066 | +€15,191 | +14.0% |
| Amounts payable | 17/49 | €45,747 | €66,572 | +€20,825 | +45.5% |
| Amounts payable after more than one year | 17 | €1,576 | - | -€1,576 | |
| Financial debts | 170/4 | €1,576 | - | -€1,576 | |
| Amounts payable within one year | 42/48 | €44,171 | €66,572 | +€22,402 | +50.7% |
| Current portion of amounts payable after more than one year | 42 | €3,100 | €1,576 | -€1,524 | -49.2% |
| Trade debts | 44 | €12,447 | €16,438 | +€3,991 | +32.1% |
| Suppliers | 440/4 | €12,447 | €16,438 | +€3,991 | +32.1% |
| Taxes, remuneration and social security | 45 | €10,542 | €18,324 | +€7,782 | +73.8% |
| Taxes | 450/3 | €10,542 | €18,324 | +€7,782 | +73.8% |
| Other amounts payable | 47/48 | €18,081 | €30,234 | +€12,153 | +67.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,202 | €1,242 | +€40 | +3.3% |
| Other operating charges | 640/8 | - | €221 | +€221 | |
| Non-recurring operating charges | 66A | €5,624 | - | -€5,624 | |
| Gross operating margin | 9900 | €71,887 | €76,936 | +€5,049 | +7.0% |
| Operating profit (loss) | 9901 | €65,061 | €75,473 | +€10,411 | +16.0% |
| Financial income | 75/76B | €1,875 | €6,329 | +€4,454 | +237.5% |
| Recurring financial income | 75 | €1,875 | €6,329 | +€4,454 | +237.5% |
| Financial charges | 65/66B | €35,376 | €30,275 | -€5,100 | -14.4% |
| Recurring financial charges | 65 | €376 | €275 | -€100 | -26.7% |
| Non-recurring financial charges | 66B | €35,000 | €30,000 | -€5,000 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €31,561 | €51,526 | +€19,965 | +63.3% |
| Income taxes | 67/77 | €5,216 | €6,335 | +€1,119 | +21.5% |
| Profit (loss) for the period | 9904 | €26,344 | €45,191 | +€18,846 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,344 | €45,191 | +€18,846 | +71.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.