Countdown to Zero: 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.
Countdown to Zero
Largest movements
- Receivables after one year +€92,500
new in 2025: €92,500
- Receivables within one year -€75,975
down €75,975 (-61.5%), from €123,491 to €47,517
- Intangible fixed assets -€9,087
down €9,087 (-28.6%), from €31,788 to €22,701
- Profit (loss) carried forward +€9,692
up €9,692 (+67.4%), from -€14,386 to -€4,694
- Trade debts -€4,281
down €4,281 (-62.9%), from €6,801 to €2,520
- Gross operating margin +€13,648
up €13,648 (+249.3%), from €5,475 to €19,123
- Depreciation -€5,228
down €5,228 (-36.5%), from €14,314 to €9,087
- Other operating charges -€347
no longer reported in 2025 (was €347)
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 | €155,323 | €162,718 | +€7,394 | +4.8% |
| Fixed assets | 21/28 | €31,788 | €22,701 | -€9,087 | -28.6% |
| Intangible fixed assets | 21 | €31,788 | €22,701 | -€9,087 | -28.6% |
| Current assets | 29/58 | €123,536 | €140,017 | +€16,481 | +13.3% |
| Amounts receivable after more than one year | 29 | - | €92,500 | +€92,500 | |
| Other amounts receivable | 291 | - | €92,500 | +€92,500 | |
| Amounts receivable within one year | 40/41 | €123,491 | €47,517 | -€75,975 | -61.5% |
| Other amounts receivable | 41 | €123,491 | €47,517 | -€75,975 | -61.5% |
| Cash at bank and in hand | 54/58 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €155,323 | €162,718 | +€7,394 | +4.8% |
| Equity | 10/15 | €7,576 | €17,268 | +€9,692 | +127.9% |
| Contributions | 10/11 | €18,841 | €18,841 | = | 0.0% |
| Reserves | 13 | €3,121 | €3,121 | = | 0.0% |
| Distributable reserves | 133 | €3,121 | €3,121 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,386 | -€4,694 | +€9,692 | +67.4% |
| Amounts payable | 17/49 | €147,747 | €145,450 | -€2,298 | -1.6% |
| Amounts payable after more than one year | 17 | €140,946 | €142,262 | +€1,316 | +0.9% |
| Financial debts | 170/4 | €140,946 | €142,262 | +€1,316 | +0.9% |
| Amounts payable within one year | 42/48 | €6,801 | €3,187 | -€3,614 | -53.1% |
| Financial debts | 43 | - | €55 | +€55 | |
| Credit institutions | 430/8 | - | €55 | +€55 | |
| Trade debts | 44 | €6,801 | €2,520 | -€4,281 | -62.9% |
| Suppliers | 440/4 | €6,801 | €2,520 | -€4,281 | -62.9% |
| Taxes, remuneration and social security | 45 | - | €613 | +€613 | |
| Taxes | 450/3 | - | €613 | +€613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,314 | €9,087 | -€5,228 | -36.5% |
| Other operating charges | 640/8 | €347 | - | -€347 | |
| Gross operating margin | 9900 | €5,475 | €19,123 | +€13,648 | +249.3% |
| Operating profit (loss) | 9901 | -€9,186 | €10,036 | +€19,223 | |
| Financial charges | 65/66B | €222 | €345 | +€123 | +55.2% |
| Recurring financial charges | 65 | €222 | €345 | +€123 | +55.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,408 | €9,692 | +€19,100 | |
| Profit (loss) for the period | 9904 | -€9,408 | €9,692 | +€19,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,408 | €9,692 | +€19,100 |
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 6 October 2026 via checked.be.