DEBIT ET CREDIT: 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.
DEBIT ET CREDIT
Largest movements
- Receivables within one year -€70,877
down €70,877 (-52.7%), from €134,402 to €63,525
of which Trade receivables: -€45,120
- Cash +€64,396
up €64,396 (+91.7%), from €70,249 to €134,645
mainly Receivables within one year (+€70,877) and Net result for the year (+€21,686)
- Tangible fixed assets -€13,589
down €13,589 (-7.3%), from €186,188 to €172,599
of which Furniture and vehicles: -€7,295
- Debts after one year -€25,853
down €25,853 (-41.6%), from €62,114 to €36,261
- Trade debts +€13,322
up €13,322 (+35.5%), from €37,479 to €50,801
- Reserves -€8,999
down €8,999 (-5.4%), from €167,232 to €158,233
of which Distributable reserves: -€9,000
- Tax, wage and social debts +€3,968
up €3,968 (+9.5%), from €41,567 to €45,535
of which Remuneration and social security: +€13,348
- Gross operating margin -€24,497
down €24,497 (-9.4%), from €261,662 to €237,165
- Staff costs -€8,441
down €8,441 (-4.4%), from €191,274 to €182,833
- Write-downs -€3,636
down €3,636 (-59.2%), from €6,141 to €2,505
- Taxes -€2,978
down €2,978 (-21.1%), from €14,128 to €11,150
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 | €391,980 | €371,785 | -€20,195 | -5.2% |
| Fixed assets | 21/28 | €186,188 | €172,599 | -€13,589 | -7.3% |
| Tangible fixed assets | 22/27 | €186,188 | €172,599 | -€13,589 | -7.3% |
| Land and buildings | 22 | €167,906 | €161,612 | -€6,294 | -3.7% |
| Furniture and vehicles | 24 | €18,282 | €10,987 | -€7,295 | -39.9% |
| Current assets | 29/58 | €205,792 | €199,186 | -€6,606 | -3.2% |
| Amounts receivable within one year | 40/41 | €134,402 | €63,525 | -€70,877 | -52.7% |
| Trade receivables | 40 | €101,787 | €56,667 | -€45,120 | -44.3% |
| Other amounts receivable | 41 | €32,615 | €6,858 | -€25,757 | -79.0% |
| Cash at bank and in hand | 54/58 | €70,249 | €134,645 | +€64,396 | +91.7% |
| Deferred charges and accrued income | 490/1 | €1,141 | €1,016 | -€125 | -11.0% |
| Total equity and liabilities | 10/49 | €391,980 | €371,785 | -€20,195 | -5.2% |
| Equity | 10/15 | €216,706 | €207,743 | -€8,963 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €167,232 | €158,233 | -€8,999 | -5.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,972 | €9,973 | +€1 | 0.0% |
| Distributable reserves | 133 | €155,400 | €146,400 | -€9,000 | -5.8% |
| Profit (loss) carried forward | 14 | €43,274 | €43,310 | +€36 | +0.1% |
| Amounts payable | 17/49 | €175,274 | €164,042 | -€11,232 | -6.4% |
| Amounts payable after more than one year | 17 | €62,114 | €36,261 | -€25,853 | -41.6% |
| Financial debts | 170/4 | €62,114 | €36,261 | -€25,853 | -41.6% |
| Amounts payable within one year | 42/48 | €112,966 | €127,581 | +€14,615 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | €33,920 | €31,245 | -€2,675 | -7.9% |
| Trade debts | 44 | €37,479 | €50,801 | +€13,322 | +35.5% |
| Suppliers | 440/4 | €37,479 | €50,801 | +€13,322 | +35.5% |
| Taxes, remuneration and social security | 45 | €41,567 | €45,535 | +€3,968 | +9.5% |
| Taxes | 450/3 | €12,441 | €3,061 | -€9,380 | -75.4% |
| Remuneration and social security | 454/9 | €29,126 | €42,474 | +€13,348 | +45.8% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.1% |
| Remuneration, social security and pensions | 62 | €191,274 | €182,833 | -€8,441 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,358 | €15,139 | +€781 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,141 | €2,505 | -€3,636 | -59.2% |
| Other operating charges | 640/8 | €2,263 | €919 | -€1,344 | -59.4% |
| Non-recurring operating charges | 66A | €52 | - | -€52 | |
| Gross operating margin | 9900 | €261,662 | €237,165 | -€24,497 | -9.4% |
| Operating profit (loss) | 9901 | €47,574 | €35,769 | -€11,805 | -24.8% |
| Financial income | 75/76B | €5 | €175 | +€170 | +3,400% |
| Recurring financial income | 75 | €5 | €175 | +€170 | +3,400% |
| Financial charges | 65/66B | €4,134 | €3,108 | -€1,026 | -24.8% |
| Recurring financial charges | 65 | €4,134 | €3,108 | -€1,026 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €43,445 | €32,836 | -€10,609 | -24.4% |
| Income taxes | 67/77 | €14,128 | €11,150 | -€2,978 | -21.1% |
| Profit (loss) for the period | 9904 | €29,317 | €21,686 | -€7,631 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,317 | €21,686 | -€7,631 | -26.0% |
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 1 November 2026 via checked.be.