Colors & Cuts: 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.
Colors & Cuts
Largest movements
- Receivables within one year +€27,599
up €27,599 (+34.5%), from €80,102 to €107,702
of which Other amounts receivable: +€27,500
- Stocks and contracts +€6,517
up €6,517 (+71.8%), from €9,080 to €15,597
- Tangible fixed assets -€4,677
down €4,677 (-19.9%), from €23,485 to €18,808
- Other debts +€22,322
up €22,322 (+42.9%), from €51,983 to €74,305
- Current portion of long-term debt -€11,606
down €11,606 (-73.5%), from €15,794 to €4,189
- Profit (loss) carried forward +€11,333
up €11,333, from -€11,332 to €2
- Accrued charges and deferred income +€6,440
new in 2025: €6,440
- Reserves +€4,800
up €4,800 (+243%), from €1,972 to €6,772
of which Distributable reserves: +€4,800
- Gross operating margin +€12,832
up €12,832 (+75.3%), from €17,030 to €29,862
- Financial charges +€3,099
up €3,099 (+59.1%), from €5,243 to €8,341
- Staff costs +€2,908
up €2,908 (+294%), from €990 to €3,899
- Financial income +€1,740
up €1,740 (+43.9%), from €3,962 to €5,702
- Taxes +€1,493
up €1,493 (+1,177%), from €127 to €1,620
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 | €117,578 | €145,950 | +€28,372 | +24.1% |
| Fixed assets | 21/28 | €27,235 | €21,652 | -€5,583 | -20.5% |
| Tangible fixed assets | 22/27 | €23,485 | €18,808 | -€4,677 | -19.9% |
| Furniture and vehicles | 24 | €23,485 | €18,808 | -€4,677 | -19.9% |
| Financial fixed assets | 28 | €3,750 | €2,845 | -€905 | -24.1% |
| Current assets | 29/58 | €90,343 | €124,298 | +€33,955 | +37.6% |
| Stocks and contracts in progress | 3 | €9,080 | €15,597 | +€6,517 | +71.8% |
| Stocks | 30/36 | €9,080 | €15,597 | +€6,517 | +71.8% |
| Amounts receivable within one year | 40/41 | €80,102 | €107,702 | +€27,599 | +34.5% |
| Trade receivables | 40 | - | €99 | +€99 | |
| Other amounts receivable | 41 | €80,102 | €107,602 | +€27,500 | +34.3% |
| Cash at bank and in hand | 54/58 | €365 | €119 | -€246 | -67.4% |
| Deferred charges and accrued income | 490/1 | €796 | €880 | +€85 | +10.6% |
| Total equity and liabilities | 10/49 | €117,578 | €145,950 | +€28,372 | +24.1% |
| Equity | 10/15 | €7,040 | €23,174 | +€16,133 | +229% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €1,972 | €6,772 | +€4,800 | +243% |
| Non-distributable reserves | 130/1 | €1,972 | €1,972 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,972 | €1,972 | = | 0.0% |
| Distributable reserves | 133 | - | €4,800 | +€4,800 | |
| Profit (loss) carried forward | 14 | -€11,332 | €2 | +€11,333 | |
| Amounts payable | 17/49 | €110,538 | €122,777 | +€12,239 | +11.1% |
| Amounts payable after more than one year | 17 | €4,189 | - | -€4,189 | |
| Financial debts | 170/4 | €4,189 | - | -€4,189 | |
| Amounts payable within one year | 42/48 | €106,349 | €116,336 | +€9,987 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €15,794 | €4,189 | -€11,606 | -73.5% |
| Financial debts | 43 | €5,876 | €6,071 | +€195 | +3.3% |
| Credit institutions | 430/8 | €5,876 | €6,071 | +€195 | +3.3% |
| Trade debts | 44 | €26,518 | €28,944 | +€2,426 | +9.1% |
| Suppliers | 440/4 | €26,518 | €28,944 | +€2,426 | +9.1% |
| Taxes, remuneration and social security | 45 | €6,178 | €2,828 | -€3,349 | -54.2% |
| Taxes | 450/3 | €6,178 | €2,828 | -€3,349 | -54.2% |
| Other amounts payable | 47/48 | €51,983 | €74,305 | +€22,322 | +42.9% |
| Accrued charges and deferred income | 492/3 | - | €6,440 | +€6,440 | |
| Remuneration, social security and pensions | 62 | €990 | €3,899 | +€2,908 | +294% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,677 | €4,677 | = | 0.0% |
| Other operating charges | 640/8 | €1,943 | €894 | -€1,050 | -54.0% |
| Gross operating margin | 9900 | €17,030 | €29,862 | +€12,832 | +75.3% |
| Operating profit (loss) | 9901 | €9,419 | €20,392 | +€10,973 | +116% |
| Financial income | 75/76B | €3,962 | €5,702 | +€1,740 | +43.9% |
| Recurring financial income | 75 | €3,962 | €5,702 | +€1,740 | +43.9% |
| Financial charges | 65/66B | €5,243 | €8,341 | +€3,099 | +59.1% |
| Recurring financial charges | 65 | €5,243 | €8,341 | +€3,099 | +59.1% |
| Profit (loss) for the period before taxes | 9903 | €8,139 | €17,753 | +€9,614 | +118% |
| Income taxes | 67/77 | €127 | €1,620 | +€1,493 | +1,177% |
| Profit (loss) for the period | 9904 | €8,012 | €16,133 | +€8,121 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €8,012 | €16,133 | +€8,121 | +101% |
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 25 October 2026 via checked.be.