Certain: 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.
Certain
Largest movements
- Cash +€10,121
up €10,121 (+14.1%), from €71,671 to €81,792
mainly Net result for the year (+€15,482) and Deferred charges and accrued income (+€8,855)
- Deferred charges and accrued income -€8,855
down €8,855 (-95.4%), from €9,284 to €430
- Intangible fixed assets -€7,581
down €7,581 (-25.7%), from €29,474 to €21,893
- Receivables within one year +€6,000
up €6,000 (+35.3%), from €17,020 to €23,020
of which Trade receivables: +€5,891
- Reserves +€15,482
up €15,482 (+21.2%), from €72,904 to €88,386
- Debts after one year -€6,406
down €6,406 (-49.8%), from €12,876 to €6,470
- Other debts -€6,073
down €6,073 (-88.7%), from €6,847 to €775
- Trade debts -€3,840
down €3,840 (-36.1%), from €10,641 to €6,801
- Gross operating margin +€4,147
up €4,147 (+15.6%), from €26,626 to €30,773
- Taxes +€1,193
up €1,193 (+32.1%), from €3,714 to €4,907
- Depreciation -€998
down €998 (-10.4%), from €9,635 to €8,637
- Staff costs -€377
no longer reported in 2025 (was €377)
- Financial charges -€370
down €370 (-26.5%), from €1,398 to €1,028
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 | €129,714 | €128,342 | -€1,371 | -1.1% |
| Fixed assets | 21/28 | €31,738 | €23,102 | -€8,637 | -27.2% |
| Intangible fixed assets | 21 | €29,474 | €21,893 | -€7,581 | -25.7% |
| Tangible fixed assets | 22/27 | €2,265 | €1,209 | -€1,056 | -46.6% |
| Land and buildings | 22 | €1,074 | €943 | -€131 | -12.2% |
| Furniture and vehicles | 24 | €1,191 | €266 | -€925 | -77.7% |
| Current assets | 29/58 | €97,975 | €105,241 | +€7,266 | +7.4% |
| Amounts receivable within one year | 40/41 | €17,020 | €23,020 | +€6,000 | +35.3% |
| Trade receivables | 40 | €14,535 | €20,426 | +€5,891 | +40.5% |
| Other amounts receivable | 41 | €2,484 | €2,593 | +€109 | +4.4% |
| Cash at bank and in hand | 54/58 | €71,671 | €81,792 | +€10,121 | +14.1% |
| Deferred charges and accrued income | 490/1 | €9,284 | €430 | -€8,855 | -95.4% |
| Total equity and liabilities | 10/49 | €129,714 | €128,342 | -€1,371 | -1.1% |
| Equity | 10/15 | €91,504 | €106,986 | +€15,482 | +16.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,904 | €88,386 | +€15,482 | +21.2% |
| Distributable reserves | 133 | €72,904 | €88,386 | +€15,482 | +21.2% |
| Amounts payable | 17/49 | €38,210 | €21,356 | -€16,854 | -44.1% |
| Amounts payable after more than one year | 17 | €12,876 | €6,470 | -€6,406 | -49.8% |
| Financial debts | 170/4 | €12,876 | €6,470 | -€6,406 | -49.8% |
| Amounts payable within one year | 42/48 | €25,334 | €14,886 | -€10,448 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €6,342 | €6,406 | +€63 | +1.0% |
| Trade debts | 44 | €10,641 | €6,801 | -€3,840 | -36.1% |
| Suppliers | 440/4 | €10,641 | €6,801 | -€3,840 | -36.1% |
| Taxes, remuneration and social security | 45 | €1,503 | €905 | -€598 | -39.8% |
| Taxes | 450/3 | €1,453 | €855 | -€598 | -41.2% |
| Remuneration and social security | 454/9 | €50 | €50 | = | 0.0% |
| Other amounts payable | 47/48 | €6,847 | €775 | -€6,073 | -88.7% |
| Remuneration, social security and pensions | 62 | €377 | - | -€377 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,635 | €8,637 | -€998 | -10.4% |
| Other operating charges | 640/8 | €944 | €861 | -€84 | -8.9% |
| Gross operating margin | 9900 | €26,626 | €30,773 | +€4,147 | +15.6% |
| Operating profit (loss) | 9901 | €15,669 | €21,275 | +€5,606 | +35.8% |
| Financial income | 75/76B | €26 | €142 | +€115 | +436% |
| Recurring financial income | 75 | €26 | €142 | +€115 | +436% |
| Financial charges | 65/66B | €1,398 | €1,028 | -€370 | -26.5% |
| Recurring financial charges | 65 | €1,398 | €1,028 | -€370 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €14,298 | €20,389 | +€6,091 | +42.6% |
| Income taxes | 67/77 | €3,714 | €4,907 | +€1,193 | +32.1% |
| Profit (loss) for the period | 9904 | €10,584 | €15,482 | +€4,899 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,584 | €15,482 | +€4,899 | +46.3% |
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 13 October 2026 via checked.be.