D28: 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.
D28
Largest movements
- Receivables within one year +€11,479
up €11,479 (+115%), from €9,956 to €21,435
of which Other amounts receivable: +€13,911
- Cash +€3,486
up €3,486 (+382%), from €912 to €4,398
mainly Trade debts (+€12,523) and Net result for the year (+€1,988)
- Trade debts +€12,523
up €12,523 (+725%), from €1,728 to €14,251
- Profit (loss) carried forward +€1,988
up €1,988 (+31.0%), from €6,404 to €8,392
- Tax, wage and social debts +€743
up €743 (+61.8%), from €1,202 to €1,945
- Financial charges +€3,692
up €3,692 (+6,553%), from €56 to €3,748
- Financial income +€905
up €905 (+513%), from €176 to €1,081
- Taxes -€545
down €545 (-45.3%), from €1,202 to €657
- Gross operating margin +€91
up €91 (+1.5%), from €5,878 to €5,969
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.
Derived cash bridge
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 | €11,333 | €26,587 | +€15,254 | +135% |
| Fixed assets | 21/28 | €465 | €696 | +€231 | +49.7% |
| Tangible fixed assets | 22/27 | €465 | €696 | +€231 | +49.7% |
| Furniture and vehicles | 24 | €465 | €696 | +€231 | +49.7% |
| Current assets | 29/58 | €10,868 | €25,891 | +€15,023 | +138% |
| Amounts receivable within one year | 40/41 | €9,956 | €21,435 | +€11,479 | +115% |
| Trade receivables | 40 | €3,382 | €950 | -€2,432 | -71.9% |
| Other amounts receivable | 41 | €6,574 | €20,485 | +€13,911 | +212% |
| Cash at bank and in hand | 54/58 | €912 | €4,398 | +€3,486 | +382% |
| Deferred charges and accrued income | 490/1 | - | €58 | +€58 | |
| Total equity and liabilities | 10/49 | €11,333 | €26,587 | +€15,254 | +135% |
| Equity | 10/15 | €8,404 | €10,392 | +€1,988 | +23.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,404 | €8,392 | +€1,988 | +31.0% |
| Amounts payable | 17/49 | €2,929 | €16,195 | +€13,266 | +453% |
| Amounts payable within one year | 42/48 | €2,929 | €16,195 | +€13,266 | +453% |
| Trade debts | 44 | €1,728 | €14,251 | +€12,523 | +725% |
| Suppliers | 440/4 | €1,728 | €14,251 | +€12,523 | +725% |
| Taxes, remuneration and social security | 45 | €1,202 | €1,945 | +€743 | +61.8% |
| Taxes | 450/3 | €1,202 | €1,945 | +€743 | +61.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €284 | €290 | +€6 | +2.2% |
| Other operating charges | 640/8 | €393 | €366 | -€27 | -6.8% |
| Gross operating margin | 9900 | €5,878 | €5,969 | +€91 | +1.5% |
| Operating profit (loss) | 9901 | €5,201 | €5,313 | +€112 | +2.1% |
| Financial income | 75/76B | €176 | €1,081 | +€905 | +513% |
| Recurring financial income | 75 | €176 | €1,081 | +€905 | +513% |
| Financial charges | 65/66B | €56 | €3,748 | +€3,692 | +6,553% |
| Recurring financial charges | 65 | €56 | €3,748 | +€3,692 | +6,553% |
| Profit (loss) for the period before taxes | 9903 | €5,321 | €2,645 | -€2,676 | -50.3% |
| Income taxes | 67/77 | €1,202 | €657 | -€545 | -45.3% |
| Profit (loss) for the period | 9904 | €4,119 | €1,988 | -€2,131 | -51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,119 | €1,988 | -€2,131 | -51.7% |
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 16 October 2026 via checked.be.