CROSSOVER: 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.
CROSSOVER
Largest movements
- Current investments +€100,000
up €100,000 (+200.0%), from €50,000 to €150,000
- Cash -€35,495
down €35,495 (-20.2%), from €175,655 to €140,160
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€27,900)
- Receivables within one year -€35,271
down €35,271 (-59.4%), from €59,390 to €24,119
of which Trade receivables: -€28,525
- Tangible fixed assets +€13,071
up €13,071 (+10.4%), from €125,934 to €139,005
of which Furniture and vehicles: +€19,708
- Reserves +€71,218
up €71,218 (+25.2%), from €282,147 to €353,364
- Debts after one year -€17,000
down €17,000 (-22.0%), from €77,229 to €60,229
- Tax, wage and social debts -€9,313
down €9,313 (-41.8%), from €22,302 to €12,989
- Financial charges +€6,746
up €6,746, from -€4,199 to €2,547
- Depreciation +€5,422
up €5,422 (+57.6%), from €9,407 to €14,829
- Gross operating margin +€3,007
up €3,007 (+2.6%), from €114,180 to €117,187
- Taxes -€1,798
down €1,798 (-6.1%), from €29,524 to €27,726
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 | €411,984 | €453,915 | +€41,931 | +10.2% |
| Fixed assets | 21/28 | €125,934 | €139,005 | +€13,071 | +10.4% |
| Tangible fixed assets | 22/27 | €125,934 | €139,005 | +€13,071 | +10.4% |
| Land and buildings | 22 | €119,697 | €113,061 | -€6,637 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €6,237 | €25,944 | +€19,708 | +316.0% |
| Current assets | 29/58 | €286,051 | €314,910 | +€28,859 | +10.1% |
| Amounts receivable within one year | 40/41 | €59,390 | €24,119 | -€35,271 | -59.4% |
| Trade receivables | 40 | €47,622 | €19,098 | -€28,525 | -59.9% |
| Other amounts receivable | 41 | €11,768 | €5,021 | -€6,746 | -57.3% |
| Current investments | 50/53 | €50,000 | €150,000 | +€100,000 | +200.0% |
| Cash at bank and in hand | 54/58 | €175,655 | €140,160 | -€35,495 | -20.2% |
| Deferred charges and accrued income | 490/1 | €1,006 | €631 | -€375 | -37.2% |
| Total equity and liabilities | 10/49 | €411,984 | €453,915 | +€41,931 | +10.2% |
| Equity | 10/15 | €288,347 | €359,564 | +€71,218 | +24.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €282,147 | €353,364 | +€71,218 | +25.2% |
| Distributable reserves | 133 | €282,147 | €353,364 | +€71,218 | +25.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,638 | €94,351 | -€29,287 | -23.7% |
| Amounts payable after more than one year | 17 | €77,229 | €60,229 | -€17,000 | -22.0% |
| Financial debts | 170/4 | €77,229 | €60,229 | -€17,000 | -22.0% |
| Amounts payable within one year | 42/48 | €46,409 | €34,122 | -€12,286 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €16,531 | €17,000 | +€469 | +2.8% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €7,575 | €4,133 | -€3,442 | -45.4% |
| Suppliers | 440/4 | €7,575 | €4,133 | -€3,442 | -45.4% |
| Taxes, remuneration and social security | 45 | €22,302 | €12,989 | -€9,313 | -41.8% |
| Taxes | 450/3 | €22,302 | €12,989 | -€9,313 | -41.8% |
| Non-recurring operating income | 76A | - | €4,500 | +€4,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,407 | €14,829 | +€5,422 | +57.6% |
| Other operating charges | 640/8 | €1,577 | €1,233 | -€344 | -21.8% |
| Gross operating margin | 9900 | €114,180 | €117,187 | +€3,007 | +2.6% |
| Operating profit (loss) | 9901 | €103,196 | €101,126 | -€2,071 | -2.0% |
| Financial income | 75/76B | €614 | €365 | -€249 | -40.6% |
| Recurring financial income | 75 | €614 | €365 | -€249 | -40.6% |
| Financial charges | 65/66B | -€4,199 | €2,547 | +€6,746 | |
| Recurring financial charges | 65 | -€4,199 | €2,547 | +€6,746 | |
| Profit (loss) for the period before taxes | 9903 | €108,009 | €98,944 | -€9,066 | -8.4% |
| Income taxes | 67/77 | €29,524 | €27,726 | -€1,798 | -6.1% |
| Profit (loss) for the period | 9904 | €78,486 | €71,218 | -€7,268 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,486 | €71,218 | -€7,268 | -9.3% |
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 30 September 2026 via checked.be.