CO & CO: 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.
CO & CO
Largest movements
- Tangible fixed assets +€25,776
up €25,776 (+47.5%), from €54,321 to €80,097
of which Furniture and vehicles: +€26,175
- Cash +€25,673
up €25,673 (+1915.0%), from €1,341 to €27,014
mainly Debts after one year (+€35,000) and Net result for the year (+€21,771)
- Stocks and contracts -€8,574
down €8,574 (-30.4%), from €28,162 to €19,588
- Debts after one year +€35,000
up €35,000 (+56.6%), from €61,840 to €96,840
- Profit (loss) carried forward +€21,771
up €21,771 (+32.1%), from -€67,795 to -€46,023
- Current portion of long-term debt -€16,680
no longer reported in 2025 (was €16,680)
- Trade debts +€9,450
up €9,450 (+38.4%), from €24,611 to €34,060
- Other debts -€9,160
down €9,160 (-35.8%), from €25,575 to €16,415
- Gross operating margin +€25,200
up €25,200 (+148.5%), from €16,971 to €42,171
- Depreciation +€2,112
up €2,112 (+14.0%), from €15,112 to €17,224
- Other operating charges -€1,797
down €1,797 (-54.1%), from €3,324 to €1,527
- Financial charges -€1,462
down €1,462 (-53.7%), from €2,721 to €1,259
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 | €92,368 | €135,211 | +€42,843 | +46.4% |
| Fixed assets | 21/28 | €59,154 | €84,930 | +€25,776 | +43.6% |
| Tangible fixed assets | 22/27 | €54,321 | €80,097 | +€25,776 | +47.5% |
| Plant, machinery and equipment | 23 | €858 | €459 | -€400 | -46.6% |
| Furniture and vehicles | 24 | €53,463 | €79,638 | +€26,175 | +49.0% |
| Financial fixed assets | 28 | €4,834 | €4,834 | = | 0.0% |
| Current assets | 29/58 | €33,214 | €50,281 | +€17,067 | +51.4% |
| Stocks and contracts in progress | 3 | €28,162 | €19,588 | -€8,574 | -30.4% |
| Stocks | 30/36 | €28,162 | €19,588 | -€8,574 | -30.4% |
| Amounts receivable within one year | 40/41 | €2,492 | €1,434 | -€1,058 | -42.5% |
| Trade receivables | 40 | €2,492 | €1,434 | -€1,058 | -42.5% |
| Cash at bank and in hand | 54/58 | €1,341 | €27,014 | +€25,673 | +1915.0% |
| Deferred charges and accrued income | 490/1 | €1,219 | €2,245 | +€1,025 | +84.1% |
| Total equity and liabilities | 10/49 | €92,368 | €135,211 | +€42,843 | +46.4% |
| Equity | 10/15 | -€49,195 | -€27,423 | +€21,771 | +44.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,795 | -€46,023 | +€21,771 | +32.1% |
| Amounts payable | 17/49 | €141,563 | €162,634 | +€21,071 | +14.9% |
| Amounts payable after more than one year | 17 | €61,840 | €96,840 | +€35,000 | +56.6% |
| Financial debts | 170/4 | €61,840 | €96,840 | +€35,000 | +56.6% |
| Amounts payable within one year | 42/48 | €76,532 | €63,684 | -€12,847 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €16,680 | - | -€16,680 | |
| Trade debts | 44 | €24,611 | €34,060 | +€9,450 | +38.4% |
| Suppliers | 440/4 | €24,611 | €34,060 | +€9,450 | +38.4% |
| Taxes, remuneration and social security | 45 | €9,666 | €13,209 | +€3,543 | +36.7% |
| Taxes | 450/3 | €6,666 | €8,709 | +€2,043 | +30.7% |
| Remuneration and social security | 454/9 | €3,000 | €4,500 | +€1,500 | +50.0% |
| Other amounts payable | 47/48 | €25,575 | €16,415 | -€9,160 | -35.8% |
| Accrued charges and deferred income | 492/3 | €3,191 | €2,110 | -€1,081 | -33.9% |
| Remuneration, social security and pensions | 62 | €54 | - | -€54 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,112 | €17,224 | +€2,112 | +14.0% |
| Other operating charges | 640/8 | €3,324 | €1,527 | -€1,797 | -54.1% |
| Gross operating margin | 9900 | €16,971 | €42,171 | +€25,200 | +148.5% |
| Operating profit (loss) | 9901 | -€1,518 | €23,420 | +€24,938 | |
| Financial income | 75/76B | €0 | €145 | +€145 | +34419.0% |
| Recurring financial income | 75 | €0 | €145 | +€145 | +34419.0% |
| Financial charges | 65/66B | €2,721 | €1,259 | -€1,462 | -53.7% |
| Recurring financial charges | 65 | €2,721 | €1,259 | -€1,462 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,239 | €22,306 | +€26,545 | |
| Income taxes | 67/77 | €342 | €535 | +€193 | +56.5% |
| Profit (loss) for the period | 9904 | -€4,580 | €21,771 | +€26,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,580 | €21,771 | +€26,352 |
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.