DAVID VROMMAN: 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.
DAVID VROMMAN
Largest movements
- Receivables within one year +€31,753
up €31,753 (+60.6%), from €52,388 to €84,141
of which Trade receivables: +€32,781
- Cash +€10,762
up €10,762 (+13.5%), from €79,754 to €90,515
mainly Net result for the year (+€33,264) and Depreciation (+€11,299)
- Tangible fixed assets -€5,578
down €5,578 (-14.9%), from €37,373 to €31,795
of which Other tangible fixed assets: -€2,985
- Reserves +€33,000
up €33,000 (+133%), from €24,860 to €57,860
of which Distributable reserves: +€33,000
- Tax, wage and social debts +€5,851
up €5,851 (+62.3%), from €9,398 to €15,249
- Trade debts -€2,179
down €2,179 (-20.7%), from €10,507 to €8,328
- Gross operating margin +€12,333
up €12,333 (+28.4%), from €43,425 to €55,757
- Taxes +€4,096
up €4,096 (+43.6%), from €9,398 to €13,494
- Depreciation -€1,168
down €1,168 (-9.4%), from €12,467 to €11,299
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 | €169,515 | €206,452 | +€36,937 | +21.8% |
| Fixed assets | 21/28 | €37,373 | €31,795 | -€5,578 | -14.9% |
| Tangible fixed assets | 22/27 | €37,373 | €31,795 | -€5,578 | -14.9% |
| Plant, machinery and equipment | 23 | €21,067 | €19,403 | -€1,664 | -7.9% |
| Furniture and vehicles | 24 | €2,251 | €1,322 | -€929 | -41.3% |
| Other tangible fixed assets | 26 | €14,055 | €11,070 | -€2,985 | -21.2% |
| Current assets | 29/58 | €132,142 | €174,657 | +€42,515 | +32.2% |
| Amounts receivable within one year | 40/41 | €52,388 | €84,141 | +€31,753 | +60.6% |
| Trade receivables | 40 | - | €32,781 | +€32,781 | |
| Other amounts receivable | 41 | €52,388 | €51,360 | -€1,029 | -2.0% |
| Cash at bank and in hand | 54/58 | €79,754 | €90,515 | +€10,762 | +13.5% |
| Total equity and liabilities | 10/49 | €169,515 | €206,452 | +€36,937 | +21.8% |
| Equity | 10/15 | €149,610 | €182,874 | +€33,264 | +22.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,860 | €57,860 | +€33,000 | +133% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €56,000 | +€33,000 | +143% |
| Profit (loss) carried forward | 14 | €118,550 | €118,814 | +€264 | +0.2% |
| Amounts payable | 17/49 | €19,905 | €23,577 | +€3,672 | +18.4% |
| Amounts payable within one year | 42/48 | €19,905 | €23,577 | +€3,672 | +18.4% |
| Trade debts | 44 | €10,507 | €8,328 | -€2,179 | -20.7% |
| Suppliers | 440/4 | €10,507 | €8,328 | -€2,179 | -20.7% |
| Taxes, remuneration and social security | 45 | €9,398 | €15,249 | +€5,851 | +62.3% |
| Taxes | 450/3 | €9,398 | €15,249 | +€5,851 | +62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,467 | €11,299 | -€1,168 | -9.4% |
| Other operating charges | 640/8 | €433 | €382 | -€51 | -11.8% |
| Gross operating margin | 9900 | €43,425 | €55,757 | +€12,333 | +28.4% |
| Operating profit (loss) | 9901 | €30,524 | €44,076 | +€13,552 | +44.4% |
| Financial income | 75/76B | €2,330 | €2,807 | +€477 | +20.5% |
| Recurring financial income | 75 | €2,330 | €2,807 | +€477 | +20.5% |
| Financial charges | 65/66B | €254 | €124 | -€129 | -51.0% |
| Recurring financial charges | 65 | €254 | €124 | -€129 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €32,601 | €46,758 | +€14,158 | +43.4% |
| Income taxes | 67/77 | €9,398 | €13,494 | +€4,096 | +43.6% |
| Profit (loss) for the period | 9904 | €23,203 | €33,264 | +€10,061 | +43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,203 | €33,264 | +€10,061 | +43.4% |
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 17 October 2026 via checked.be.