Chaos: 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.
Chaos
Largest movements
- Tangible fixed assets +€7,178
up €7,178 (+46.6%), from €15,417 to €22,595
of which Other tangible fixed assets: +€6,015
- Cash -€2,697
down €2,697 (-17.6%), from €15,332 to €12,635
mainly Investment in fixed assets (net) (-€15,385) and Contributions, distributions and other (-€8,374)
- Receivables within one year +€2,632
up €2,632 (+9.8%), from €26,923 to €29,556
- Stocks and contracts +€1,793
up €1,793 (+28.6%), from €6,271 to €8,064
- Deferred charges and accrued income +€1,038
up €1,038 (+25.4%), from €4,081 to €5,118
- Other debts +€7,297
up €7,297 (+1109.7%), from €658 to €7,955
- Reserves +€1,530
up €1,530 (+3.6%), from €42,210 to €43,740
- Gross operating margin +€12,515
up €12,515 (+26.4%), from €47,481 to €59,996
- Staff costs +€7,532
up €7,532 (+27.9%), from €27,029 to €34,561
- Taxes +€3,010
up €3,010 (+191.8%), from €1,569 to €4,579
- Depreciation +€1,209
up €1,209 (+17.3%), from €6,998 to €8,207
- Other operating charges -€625
down €625 (-21.8%), from €2,863 to €2,237
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 | €68,848 | €78,793 | +€9,945 | +14.4% |
| Fixed assets | 21/28 | €16,241 | €23,419 | +€7,178 | +44.2% |
| Tangible fixed assets | 22/27 | €15,417 | €22,595 | +€7,178 | +46.6% |
| Plant, machinery and equipment | 23 | €10,862 | €12,119 | +€1,257 | +11.6% |
| Furniture and vehicles | 24 | €2,236 | €2,142 | -€94 | -4.2% |
| Other tangible fixed assets | 26 | €2,320 | €8,335 | +€6,015 | +259.3% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €52,607 | €55,373 | +€2,767 | +5.3% |
| Stocks and contracts in progress | 3 | €6,271 | €8,064 | +€1,793 | +28.6% |
| Stocks | 30/36 | €6,271 | €8,064 | +€1,793 | +28.6% |
| Amounts receivable within one year | 40/41 | €26,923 | €29,556 | +€2,632 | +9.8% |
| Other amounts receivable | 41 | €26,923 | €29,556 | +€2,632 | +9.8% |
| Cash at bank and in hand | 54/58 | €15,332 | €12,635 | -€2,697 | -17.6% |
| Deferred charges and accrued income | 490/1 | €4,081 | €5,118 | +€1,038 | +25.4% |
| Total equity and liabilities | 10/49 | €68,848 | €78,793 | +€9,945 | +14.4% |
| Equity | 10/15 | €60,802 | €62,332 | +€1,530 | +2.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €42,210 | €43,740 | +€1,530 | +3.6% |
| Distributable reserves | 133 | €42,210 | €43,740 | +€1,530 | +3.6% |
| Amounts payable | 17/49 | €8,046 | €16,461 | +€8,416 | +104.6% |
| Amounts payable within one year | 42/48 | €7,668 | €16,461 | +€8,793 | +114.7% |
| Financial debts | 43 | - | €349 | +€349 | |
| Credit institutions | 430/8 | - | €349 | +€349 | |
| Trade debts | 44 | €3,879 | €4,390 | +€510 | +13.1% |
| Suppliers | 440/4 | €3,879 | €4,390 | +€510 | +13.1% |
| Taxes, remuneration and social security | 45 | €3,131 | €3,767 | +€637 | +20.3% |
| Taxes | 450/3 | €244 | €240 | -€4 | -1.7% |
| Remuneration and social security | 454/9 | €2,887 | €3,528 | +€641 | +22.2% |
| Other amounts payable | 47/48 | €658 | €7,955 | +€7,297 | +1109.7% |
| Accrued charges and deferred income | 492/3 | €378 | - | -€378 | |
| Remuneration, social security and pensions | 62 | €27,029 | €34,561 | +€7,532 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,998 | €8,207 | +€1,209 | +17.3% |
| Other operating charges | 640/8 | €2,863 | €2,237 | -€625 | -21.8% |
| Gross operating margin | 9900 | €47,481 | €59,996 | +€12,515 | +26.4% |
| Operating profit (loss) | 9901 | €10,591 | €14,991 | +€4,400 | +41.5% |
| Financial income | 75/76B | €1,351 | €1,325 | -€26 | -1.9% |
| Recurring financial income | 75 | €1,351 | €1,325 | -€26 | -1.9% |
| Financial charges | 65/66B | €2,056 | €1,833 | -€222 | -10.8% |
| Recurring financial charges | 65 | €2,056 | €1,833 | -€222 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €9,886 | €14,483 | +€4,596 | +46.5% |
| Income taxes | 67/77 | €1,569 | €4,579 | +€3,010 | +191.8% |
| Profit (loss) for the period | 9904 | €8,317 | €9,903 | +€1,586 | +19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,317 | €9,903 | +€1,586 | +19.1% |
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 9 October 2026 via checked.be.