CLOSE COMPANY: 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.
CLOSE COMPANY
Largest movements
- Current investments -€242,739
down €242,739 (-15.9%), from €1.5m to €1.3m
- Tangible fixed assets +€131,014
up €131,014 (+585%), from €22,377 to €153,391
of which Furniture and vehicles: +€132,371
- Receivables after one year -€45,000
down €45,000 (-100%), from €45,000 to €0
- Reserves -€389,158
down €389,158 (-18.6%), from €2.1m to €1.7m
- Other debts +€273,391
up €273,391 (+56,529%), from €484 to €273,875
- Accrued charges and deferred income -€68,995
down €68,995 (-100%), from €68,995 to €0
- Debts after one year +€59,636
up €59,636 (+34.8%), from €171,373 to €231,009
- Trade debts -€47,844
down €47,844 (-87.3%), from €54,799 to €6,955
- Financial charges -€66,373
down €66,373 (-92.9%), from €71,416 to €5,042
of which Non-recurring financial charges: -€68,732
- Gross operating margin +€27,573
up €27,573 (+64.9%), from -€42,466 to -€14,894
- Financial income -€11,862
down €11,862 (-9.2%), from €129,174 to €117,312
of which Financial income: -€11,862
- Taxes +€6,916
up €6,916 (+615%), from €1,124 to €8,039
- Depreciation +€6,034
up €6,034 (+328%), from €1,838 to €7,872
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 | €2,770,143 | €2,625,259 | -€144,884 | -5.2% |
| Fixed assets | 21/28 | €1,172,408 | €1,303,422 | +€131,014 | +11.2% |
| Tangible fixed assets | 22/27 | €22,377 | €153,391 | +€131,014 | +585% |
| Furniture and vehicles | 24 | €9,391 | €141,762 | +€132,371 | +1,410% |
| Other tangible fixed assets | 26 | €12,986 | €11,629 | -€1,357 | -10.5% |
| Financial fixed assets | 28 | €1,150,031 | €1,150,031 | = | 0.0% |
| Current assets | 29/58 | €1,597,735 | €1,321,837 | -€275,898 | -17.3% |
| Amounts receivable after more than one year | 29 | €45,000 | €0 | -€45,000 | -100% |
| Other amounts receivable | 291 | €45,000 | €0 | -€45,000 | -100% |
| Amounts receivable within one year | 40/41 | €13,715 | €25,305 | +€11,590 | +84.5% |
| Trade receivables | 40 | €12,856 | €14,475 | +€1,618 | +12.6% |
| Other amounts receivable | 41 | €859 | €10,830 | +€9,971 | +1,161% |
| Current investments | 50/53 | €1,527,197 | €1,284,458 | -€242,739 | -15.9% |
| Cash at bank and in hand | 54/58 | €11,157 | €9,121 | -€2,036 | -18.2% |
| Deferred charges and accrued income | 490/1 | €665 | €2,953 | +€2,287 | +344% |
| Total equity and liabilities | 10/49 | €2,770,143 | €2,625,259 | -€144,884 | -5.2% |
| Equity | 10/15 | €2,337,107 | €1,947,948 | -€389,158 | -16.7% |
| Contributions | 10/11 | €244,274 | €244,274 | = | 0.0% |
| Reserves | 13 | €2,092,832 | €1,703,674 | -€389,158 | -18.6% |
| Distributable reserves | 133 | €2,092,832 | €1,703,674 | -€389,158 | -18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €100,000 | €100,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,000 | €100,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable | 17/49 | €333,036 | €577,311 | +€244,275 | +73.3% |
| Amounts payable after more than one year | 17 | €171,373 | €231,009 | +€59,636 | +34.8% |
| Financial debts | 170/4 | €171,373 | €231,009 | +€59,636 | +34.8% |
| Amounts payable within one year | 42/48 | €92,668 | €346,302 | +€253,634 | +274% |
| Current portion of amounts payable after more than one year | 42 | €32,147 | €58,983 | +€26,836 | +83.5% |
| Trade debts | 44 | €54,799 | €6,955 | -€47,844 | -87.3% |
| Suppliers | 440/4 | €54,799 | €6,955 | -€47,844 | -87.3% |
| Taxes, remuneration and social security | 45 | €5,238 | €6,489 | +€1,251 | +23.9% |
| Taxes | 450/3 | €5,238 | €6,489 | +€1,251 | +23.9% |
| Other amounts payable | 47/48 | €484 | €273,875 | +€273,391 | +56,529% |
| Accrued charges and deferred income | 492/3 | €68,995 | €0 | -€68,995 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,838 | €7,872 | +€6,034 | +328% |
| Other operating charges | 640/8 | €1,094 | €1,676 | +€583 | +53.3% |
| Gross operating margin | 9900 | -€42,466 | -€14,894 | +€27,573 | +64.9% |
| Operating profit (loss) | 9901 | -€45,398 | -€24,442 | +€20,956 | +46.2% |
| Financial income | 75/76B | €129,174 | €117,312 | -€11,862 | -9.2% |
| Recurring financial income | 75 | €129,174 | €117,312 | -€11,862 | -9.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €71,416 | €5,042 | -€66,373 | -92.9% |
| Recurring financial charges | 65 | €2,683 | €5,042 | +€2,359 | +87.9% |
| Non-recurring financial charges | 66B | €68,732 | €0 | -€68,732 | -100% |
| Profit (loss) for the period before taxes | 9903 | €12,361 | €87,828 | +€75,467 | +611% |
| Income taxes | 67/77 | €1,124 | €8,039 | +€6,916 | +615% |
| Profit (loss) for the period | 9904 | €11,237 | €79,788 | +€68,551 | +610% |
| Profit (loss) for the period to be appropriated | 9905 | €11,237 | €79,788 | +€68,551 | +610% |
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 16 October 2026 via checked.be.