CODE CONCEPT: 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.
CODE CONCEPT
Largest movements
- Cash +€14,466
up €14,466 (+46.3%), from €31,261 to €45,727
mainly Other debts (+€27,198) and Net result for the year (+€16,481)
- Receivables within one year -€2,194
down €2,194 (-3.6%), from €61,122 to €58,928
of which Trade receivables: -€8,859
- Tangible fixed assets -€2,097
down €2,097 (-10.3%), from €20,297 to €18,200
of which Plant, machinery and equipment: -€2,013
- Deferred charges and accrued income -€1,717
down €1,717 (-22.2%), from €7,730 to €6,013
- Other debts +€27,198
up €27,198 (+416.2%), from €6,535 to €33,733
- Reserves -€17,252
down €17,252 (-17.7%), from €97,267 to €80,015
- Current portion of long-term debt -€2,114
down €2,114 (-100.0%), from €2,114 to €0
- Gross operating margin -€20,873
down €20,873 (-42.3%), from €49,292 to €28,418
- Taxes -€5,556
down €5,556 (-41.5%), from €13,386 to €7,829
- Staff costs +€575
up €575 (+277.8%), from €207 to €782
- Other operating charges +€495
up €495 (+116.5%), from €425 to €921
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 | €120,410 | €128,868 | +€8,457 | +7.0% |
| Fixed assets | 21/28 | €20,297 | €18,200 | -€2,097 | -10.3% |
| Tangible fixed assets | 22/27 | €20,297 | €18,200 | -€2,097 | -10.3% |
| Land and buildings | 22 | €14,735 | €14,281 | -€453 | -3.1% |
| Plant, machinery and equipment | 23 | €3,221 | €1,207 | -€2,013 | -62.5% |
| Furniture and vehicles | 24 | €2,342 | €2,711 | +€370 | +15.8% |
| Current assets | 29/58 | €100,113 | €110,668 | +€10,554 | +10.5% |
| Amounts receivable within one year | 40/41 | €61,122 | €58,928 | -€2,194 | -3.6% |
| Trade receivables | 40 | €14,266 | €5,407 | -€8,859 | -62.1% |
| Other amounts receivable | 41 | €46,856 | €53,521 | +€6,664 | +14.2% |
| Cash at bank and in hand | 54/58 | €31,261 | €45,727 | +€14,466 | +46.3% |
| Deferred charges and accrued income | 490/1 | €7,730 | €6,013 | -€1,717 | -22.2% |
| Total equity and liabilities | 10/49 | €120,410 | €128,868 | +€8,457 | +7.0% |
| Equity | 10/15 | €103,467 | €86,215 | -€17,252 | -16.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,267 | €80,015 | -€17,252 | -17.7% |
| Distributable reserves | 133 | €97,267 | €80,015 | -€17,252 | -17.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €16,944 | €42,653 | +€25,709 | +151.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,944 | €42,622 | +€25,678 | +151.5% |
| Current portion of amounts payable after more than one year | 42 | €2,114 | €0 | -€2,114 | -100.0% |
| Trade debts | 44 | €3,234 | €2,670 | -€564 | -17.4% |
| Suppliers | 440/4 | €3,234 | €2,670 | -€564 | -17.4% |
| Taxes, remuneration and social security | 45 | €5,060 | €6,219 | +€1,158 | +22.9% |
| Taxes | 450/3 | €5,060 | €6,219 | +€1,158 | +22.9% |
| Other amounts payable | 47/48 | €6,535 | €33,733 | +€27,198 | +416.2% |
| Accrued charges and deferred income | 492/3 | - | €31 | +€31 | |
| Non-recurring operating income | 76A | - | €45 | +€45 | |
| Remuneration, social security and pensions | 62 | €207 | €782 | +€575 | +277.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,053 | €4,305 | +€252 | +6.2% |
| Other operating charges | 640/8 | €425 | €921 | +€495 | +116.5% |
| Gross operating margin | 9900 | €49,292 | €28,418 | -€20,873 | -42.3% |
| Operating profit (loss) | 9901 | €44,606 | €22,411 | -€22,195 | -49.8% |
| Financial income | 75/76B | €2,918 | €2,692 | -€226 | -7.8% |
| Recurring financial income | 75 | €2,918 | €2,692 | -€226 | -7.8% |
| Financial charges | 65/66B | €559 | €793 | +€233 | +41.7% |
| Recurring financial charges | 65 | €559 | €793 | +€233 | +41.7% |
| Profit (loss) for the period before taxes | 9903 | €46,965 | €24,311 | -€22,654 | -48.2% |
| Income taxes | 67/77 | €13,386 | €7,829 | -€5,556 | -41.5% |
| Profit (loss) for the period | 9904 | €33,579 | €16,481 | -€17,098 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,579 | €16,481 | -€17,098 | -50.9% |
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 4 October 2026 via checked.be.