DE NAARSTIGHEID: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
DE NAARSTIGHEID
Largest movements
- Cash +€197,911
up €197,911 (+127%), from €155,592 to €353,503
mainly Receivables within one year (+€98,103) and Net result for the year (+€88,745)
- Receivables within one year -€98,103
down €98,103 (-45.8%), from €214,065 to €115,963
of which Trade receivables: -€98,103
- Tangible fixed assets -€6,272
down €6,272 (-42.2%), from €14,863 to €8,591
of which Leasing and similar rights: -€6,181
- Reserves +€88,745
up €88,745 (+63.9%), from €138,886 to €227,632
- Trade debts +€74,470
up €74,470 (+74.2%), from €100,335 to €174,805
- Tax, wage and social debts -€22,943
down €22,943 (-72.3%), from €31,721 to €8,779
- Profit (loss) carried forward -€17,143
down €17,143 (-29.2%), from €58,748 to €41,605
- Debts after one year -€10,440
down €10,440 (-100%), from €10,440 to €0
- Gross operating margin -€17,950
down €17,950 (-12.2%), from €147,264 to €129,314
- Taxes -€5,244
down €5,244 (-12.7%), from €41,250 to €36,006
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €397,716 | €495,685 | +€97,968 | +24.6% |
| Fixed assets | 21/28 | €16,693 | €10,421 | -€6,272 | -37.6% |
| Tangible fixed assets | 22/27 | €14,863 | €8,591 | -€6,272 | -42.2% |
| Leasing and similar rights | 25 | €14,072 | €7,891 | -€6,181 | -43.9% |
| Other tangible fixed assets | 26 | €791 | €700 | -€92 | -11.6% |
| Financial fixed assets | 28 | €1,830 | €1,830 | = | 0.0% |
| Current assets | 29/58 | €381,023 | €485,264 | +€104,241 | +27.4% |
| Stocks and contracts in progress | 3 | €9,855 | €13,412 | +€3,557 | +36.1% |
| Stocks | 30/36 | €9,855 | €13,412 | +€3,557 | +36.1% |
| Amounts receivable within one year | 40/41 | €214,065 | €115,963 | -€98,103 | -45.8% |
| Trade receivables | 40 | €214,065 | €115,963 | -€98,103 | -45.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €155,592 | €353,503 | +€197,911 | +127% |
| Deferred charges and accrued income | 490/1 | €1,512 | €2,386 | +€874 | +57.8% |
| Total equity and liabilities | 10/49 | €397,716 | €495,685 | +€97,968 | +24.6% |
| Equity | 10/15 | €210,034 | €281,637 | +€71,603 | +34.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,886 | €227,632 | +€88,745 | +63.9% |
| Distributable reserves | 133 | €138,886 | €227,632 | +€88,745 | +63.9% |
| Profit (loss) carried forward | 14 | €58,748 | €41,605 | -€17,143 | -29.2% |
| Amounts payable | 17/49 | €187,682 | €214,048 | +€26,366 | +14.0% |
| Amounts payable after more than one year | 17 | €10,440 | €0 | -€10,440 | -100% |
| Financial debts | 170/4 | €10,440 | €0 | -€10,440 | -100% |
| Amounts payable within one year | 42/48 | €171,500 | €213,648 | +€42,148 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €17,136 | €10,440 | -€6,696 | -39.1% |
| Trade debts | 44 | €100,335 | €174,805 | +€74,470 | +74.2% |
| Suppliers | 440/4 | €100,335 | €174,805 | +€74,470 | +74.2% |
| Taxes, remuneration and social security | 45 | €31,721 | €8,779 | -€22,943 | -72.3% |
| Taxes | 450/3 | €31,721 | €8,779 | -€22,943 | -72.3% |
| Other amounts payable | 47/48 | €22,308 | €19,624 | -€2,684 | -12.0% |
| Accrued charges and deferred income | 492/3 | €5,742 | €400 | -€5,342 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,272 | €6,272 | = | 0.0% |
| Other operating charges | 640/8 | €1,320 | €1,412 | +€92 | +7.0% |
| Gross operating margin | 9900 | €147,264 | €129,314 | -€17,950 | -12.2% |
| Operating profit (loss) | 9901 | €139,672 | €121,630 | -€18,042 | -12.9% |
| Financial income | 75/76B | €2,435 | €3,636 | +€1,201 | +49.3% |
| Recurring financial income | 75 | €2,435 | €3,636 | +€1,201 | +49.3% |
| Financial charges | 65/66B | €493 | €514 | +€20 | +4.1% |
| Recurring financial charges | 65 | €493 | €514 | +€20 | +4.1% |
| Profit (loss) for the period before taxes | 9903 | €141,613 | €124,752 | -€16,861 | -11.9% |
| Income taxes | 67/77 | €41,250 | €36,006 | -€5,244 | -12.7% |
| Profit (loss) for the period | 9904 | €100,362 | €88,745 | -€11,617 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €100,362 | €88,745 | -€11,617 | -11.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.