Company Call: what changed
Company Call
Largest movements
- Receivables within one year -€14,750
down €14,750 (-39.5%), from €37,361 to €22,611
of which Trade receivables: -€22,293
- Cash +€10,740
up €10,740 (+22.8%), from €47,015 to €57,755
mainly Receivables within one year (+€14,750) and Net result for the year (+€13,722)
- Tangible fixed assets +€4,316
up €4,316 (+21.5%), from €20,100 to €24,416
of which Other tangible fixed assets: +€3,559
- Other debts +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tax, wage and social debts -€3,556
down €3,556 (-41.1%), from €8,660 to €5,104
- Reserves -€1,278
down €1,278 (-1.8%), from €71,913 to €70,635
- Gross operating margin -€19,259
down €19,259 (-42.0%), from €45,909 to €26,650
- Taxes -€5,595
down €5,595 (-52.8%), from €10,592 to €4,997
- Depreciation -€1,799
down €1,799 (-21.3%), from €8,432 to €6,633
- Financial charges +€521
up €521 (+523%), from €100 to €620
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,964 | €107,090 | +€126 | +0.1% |
| Fixed assets | 21/28 | €20,492 | €24,416 | +€3,924 | +19.1% |
| Intangible fixed assets | 21 | €391 | - | -€391 | |
| Tangible fixed assets | 22/27 | €20,100 | €24,416 | +€4,316 | +21.5% |
| Plant, machinery and equipment | 23 | €14,092 | €12,886 | -€1,206 | -8.6% |
| Furniture and vehicles | 24 | €6,008 | €7,971 | +€1,962 | +32.7% |
| Other tangible fixed assets | 26 | - | €3,559 | +€3,559 | |
| Current assets | 29/58 | €86,473 | €82,674 | -€3,798 | -4.4% |
| Amounts receivable within one year | 40/41 | €37,361 | €22,611 | -€14,750 | -39.5% |
| Trade receivables | 40 | €36,936 | €14,642 | -€22,293 | -60.4% |
| Other amounts receivable | 41 | €425 | €7,968 | +€7,543 | +1,775% |
| Cash at bank and in hand | 54/58 | €47,015 | €57,755 | +€10,740 | +22.8% |
| Deferred charges and accrued income | 490/1 | €2,097 | €2,309 | +€212 | +10.1% |
| Total equity and liabilities | 10/49 | €106,964 | €107,090 | +€126 | +0.1% |
| Equity | 10/15 | €79,413 | €78,135 | -€1,278 | -1.6% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €71,913 | €70,635 | -€1,278 | -1.8% |
| Distributable reserves | 133 | €71,913 | €70,635 | -€1,278 | -1.8% |
| Amounts payable | 17/49 | €27,552 | €28,955 | +€1,403 | +5.1% |
| Amounts payable within one year | 42/48 | €25,877 | €27,074 | +€1,198 | +4.6% |
| Financial debts | 43 | €386 | €954 | +€568 | +147% |
| Credit institutions | 430/8 | €386 | €954 | +€568 | +147% |
| Trade debts | 44 | €6,830 | €6,016 | -€814 | -11.9% |
| Suppliers | 440/4 | €6,830 | €6,016 | -€814 | -11.9% |
| Taxes, remuneration and social security | 45 | €8,660 | €5,104 | -€3,556 | -41.1% |
| Taxes | 450/3 | €8,660 | €5,104 | -€3,556 | -41.1% |
| Other amounts payable | 47/48 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €1,675 | €1,881 | +€206 | +12.3% |
| Non-recurring operating income | 76A | - | €9,326 | +€9,326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,432 | €6,633 | -€1,799 | -21.3% |
| Other operating charges | 640/8 | €712 | €724 | +€12 | +1.7% |
| Gross operating margin | 9900 | €45,909 | €26,650 | -€19,259 | -42.0% |
| Operating profit (loss) | 9901 | €36,765 | €19,294 | -€17,471 | -47.5% |
| Financial income | 75/76B | €25 | €45 | +€21 | +84.3% |
| Recurring financial income | 75 | €25 | €45 | +€21 | +84.3% |
| Financial charges | 65/66B | €100 | €620 | +€521 | +523% |
| Recurring financial charges | 65 | €100 | €620 | +€521 | +523% |
| Profit (loss) for the period before taxes | 9903 | €36,690 | €18,719 | -€17,971 | -49.0% |
| Income taxes | 67/77 | €10,592 | €4,997 | -€5,595 | -52.8% |
| Profit (loss) for the period | 9904 | €26,099 | €13,722 | -€12,376 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,099 | €13,722 | -€12,376 | -47.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.