CROSSWORDS: 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.
CROSSWORDS
Largest movements
- Tangible fixed assets -€9,305
down €9,305 (-13.7%), from €68,018 to €58,713
of which Furniture and vehicles: -€6,394
- Receivables within one year +€5,835
up €5,835 (+11.5%), from €50,943 to €56,778
- Profit (loss) carried forward +€9,985
up €9,985 (+16.5%), from -€60,638 to -€50,653
- Other debts -€8,218
down €8,218 (-35.5%), from €23,120 to €14,902
- Short-term financial debts -€4,734
down €4,734 (-9.0%), from €52,883 to €48,149
- Staff costs -€12,035
down €12,035 (-25.2%), from €47,703 to €35,668
- Gross operating margin +€7,077
up €7,077 (+12.5%), from €56,680 to €63,757
- Other operating charges +€6,310
up €6,310 (+1261.1%), from €500 to €6,810
- Financial charges -€833
down €833 (-29.3%), from €2,846 to €2,013
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 | €146,509 | €144,019 | -€2,490 | -1.7% |
| Fixed assets | 21/28 | €68,018 | €58,713 | -€9,305 | -13.7% |
| Tangible fixed assets | 22/27 | €68,018 | €58,713 | -€9,305 | -13.7% |
| Plant, machinery and equipment | 23 | €5,650 | €4,879 | -€771 | -13.6% |
| Furniture and vehicles | 24 | €37,822 | €31,428 | -€6,394 | -16.9% |
| Other tangible fixed assets | 26 | €24,547 | €22,406 | -€2,141 | -8.7% |
| Current assets | 29/58 | €78,490 | €85,306 | +€6,816 | +8.7% |
| Amounts receivable within one year | 40/41 | €50,943 | €56,778 | +€5,835 | +11.5% |
| Trade receivables | 40 | €50,943 | €56,778 | +€5,835 | +11.5% |
| Cash at bank and in hand | 54/58 | €26,099 | €26,999 | +€900 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,448 | €1,529 | +€81 | +5.6% |
| Total equity and liabilities | 10/49 | €146,509 | €144,019 | -€2,490 | -1.7% |
| Equity | 10/15 | -€47,828 | -€37,843 | +€9,985 | +20.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,610 | €6,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,750 | €4,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,638 | -€50,653 | +€9,985 | +16.5% |
| Amounts payable | 17/49 | €194,337 | €181,863 | -€12,474 | -6.4% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €94,302 | €81,811 | -€12,491 | -13.2% |
| Financial debts | 43 | €52,883 | €48,149 | -€4,734 | -9.0% |
| Credit institutions | 430/8 | €52,883 | €48,149 | -€4,734 | -9.0% |
| Trade debts | 44 | €7,260 | €7,737 | +€477 | +6.6% |
| Suppliers | 440/4 | €7,260 | €7,737 | +€477 | +6.6% |
| Taxes, remuneration and social security | 45 | €11,038 | €11,023 | -€15 | -0.1% |
| Taxes | 450/3 | €857 | €1,669 | +€813 | +94.8% |
| Remuneration and social security | 454/9 | €10,181 | €9,353 | -€828 | -8.1% |
| Other amounts payable | 47/48 | €23,120 | €14,902 | -€8,218 | -35.5% |
| Accrued charges and deferred income | 492/3 | €35 | €52 | +€16 | +45.8% |
| Remuneration, social security and pensions | 62 | €47,703 | €35,668 | -€12,035 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,785 | €9,305 | +€520 | +5.9% |
| Other operating charges | 640/8 | €500 | €6,810 | +€6,310 | +1261.1% |
| Non-recurring operating charges | 66A | €5,253 | - | -€5,253 | |
| Gross operating margin | 9900 | €56,680 | €63,757 | +€7,077 | +12.5% |
| Operating profit (loss) | 9901 | -€5,563 | €11,973 | +€17,536 | |
| Financial income | 75/76B | €27 | €77 | +€49 | +181.1% |
| Recurring financial income | 75 | €27 | €77 | +€49 | +181.1% |
| Financial charges | 65/66B | €2,846 | €2,013 | -€833 | -29.3% |
| Recurring financial charges | 65 | €2,846 | €2,013 | -€833 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,382 | €10,037 | +€18,418 | |
| Income taxes | 67/77 | €66 | €52 | -€14 | -21.4% |
| Profit (loss) for the period | 9904 | -€8,448 | €9,985 | +€18,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,448 | €9,985 | +€18,432 |
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 7 October 2026 via checked.be.