Consensus: 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.
Consensus
Largest movements
- Receivables within one year -€38,421
down €38,421 (-96.9%), from €39,667 to €1,246
- Tangible fixed assets -€12,233
down €12,233 (-21.7%), from €56,244 to €44,012
of which Furniture and vehicles: -€10,950
- Cash +€8,746
up €8,746 (+151.9%), from €5,757 to €14,502
mainly Receivables within one year (+€38,421) and Depreciation (+€12,233)
- Other debts -€28,495
down €28,495 (-50.3%), from €56,640 to €28,144
- Profit (loss) carried forward -€6,121
down €6,121, from €2,483 to -€3,638
- Tax, wage and social debts -€4,955
down €4,955 (-29.9%), from €16,555 to €11,600
of which Remuneration and social security: -€3,000
- Trade debts -€2,336
down €2,336 (-39.6%), from €5,904 to €3,568
- Gross operating margin -€18,395
down €18,395 (-72.1%), from €25,505 to €7,109
- Depreciation +€7,182
up €7,182 (+142.2%), from €5,051 to €12,233
- Taxes -€4,747
down €4,747 (-97.0%), from €4,892 to €145
- Other operating charges -€280
down €280 (-30.9%), from €907 to €627
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 | €101,668 | €59,760 | -€41,907 | -41.2% |
| Fixed assets | 21/28 | €56,244 | €44,012 | -€12,233 | -21.7% |
| Tangible fixed assets | 22/27 | €56,244 | €44,012 | -€12,233 | -21.7% |
| Land and buildings | 22 | €4,280 | €4,028 | -€252 | -5.9% |
| Plant, machinery and equipment | 23 | €1,177 | €146 | -€1,031 | -87.6% |
| Furniture and vehicles | 24 | €50,787 | €39,838 | -€10,950 | -21.6% |
| Current assets | 29/58 | €45,423 | €15,749 | -€29,675 | -65.3% |
| Amounts receivable within one year | 40/41 | €39,667 | €1,246 | -€38,421 | -96.9% |
| Trade receivables | 40 | €39,667 | €1,246 | -€38,421 | -96.9% |
| Cash at bank and in hand | 54/58 | €5,757 | €14,502 | +€8,746 | +151.9% |
| Total equity and liabilities | 10/49 | €101,668 | €59,760 | -€41,907 | -41.2% |
| Equity | 10/15 | €22,570 | €16,449 | -€6,121 | -27.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87 | €87 | = | 0.0% |
| Distributable reserves | 133 | €87 | €87 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,483 | -€3,638 | -€6,121 | |
| Amounts payable | 17/49 | €79,098 | €43,312 | -€35,786 | -45.2% |
| Amounts payable within one year | 42/48 | €79,098 | €43,312 | -€35,786 | -45.2% |
| Trade debts | 44 | €5,904 | €3,568 | -€2,336 | -39.6% |
| Suppliers | 440/4 | €5,904 | €3,568 | -€2,336 | -39.6% |
| Taxes, remuneration and social security | 45 | €16,555 | €11,600 | -€4,955 | -29.9% |
| Taxes | 450/3 | €13,555 | €11,600 | -€1,955 | -14.4% |
| Remuneration and social security | 454/9 | €3,000 | - | -€3,000 | |
| Other amounts payable | 47/48 | €56,640 | €28,144 | -€28,495 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,051 | €12,233 | +€7,182 | +142.2% |
| Other operating charges | 640/8 | €907 | €627 | -€280 | -30.9% |
| Gross operating margin | 9900 | €25,505 | €7,109 | -€18,395 | -72.1% |
| Operating profit (loss) | 9901 | €19,546 | -€5,751 | -€25,297 | |
| Financial income | 75/76B | €43 | €27 | -€16 | -36.2% |
| Recurring financial income | 75 | €43 | €27 | -€16 | -36.2% |
| Financial charges | 65/66B | €236 | €253 | +€17 | +7.1% |
| Recurring financial charges | 65 | €236 | €253 | +€17 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €19,353 | -€5,976 | -€25,329 | |
| Income taxes | 67/77 | €4,892 | €145 | -€4,747 | -97.0% |
| Profit (loss) for the period | 9904 | €14,461 | -€6,121 | -€20,583 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,461 | -€6,121 | -€20,583 |
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 11 October 2026 via checked.be.