DISTINGUISHED: 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.
DISTINGUISHED
Largest movements
- Receivables within one year +€51,658
up €51,658 (+86.3%), from €59,861 to €111,520
of which Other amounts receivable: +€54,683
- Cash -€26,573
down €26,573 (-100.0%), from €26,573 to €0
mainly Receivables within one year (-€51,658) and Contributions, distributions and other (-€36,193)
- Tangible fixed assets +€6,844
up €6,844 (+274.2%), from €2,496 to €9,340
of which Furniture and vehicles: +€7,531
- Other debts +€35,943
up €35,943 (+1105.9%), from €3,250 to €39,193
- Short-term financial debts -€4,372
down €4,372 (-37.1%), from €11,770 to €7,398
- Trade debts +€2,810
up €2,810 (+136.6%), from €2,057 to €4,867
- Tax, wage and social debts -€2,696
down €2,696 (-26.0%), from €10,380 to €7,685
- Gross operating margin -€5,032
down €5,032 (-9.4%), from €53,724 to €48,692
- Financial income +€2,075
up €2,075 (+319.0%), from €651 to €2,726
- Financial charges -€1,760
down €1,760 (-47.5%), from €3,708 to €1,948
- Depreciation +€1,615
up €1,615 (+163.4%), from €988 to €2,603
- Other operating charges -€871
down €871 (-70.5%), from €1,234 to €364
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 | €90,277 | €121,974 | +€31,697 | +35.1% |
| Fixed assets | 21/28 | €3,610 | €10,454 | +€6,844 | +189.6% |
| Tangible fixed assets | 22/27 | €2,496 | €9,340 | +€6,844 | +274.2% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,423 | €736 | -€687 | -48.3% |
| Furniture and vehicles | 24 | €1,073 | €8,604 | +€7,531 | +701.9% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,114 | €1,114 | = | 0.0% |
| Current assets | 29/58 | €86,667 | €111,520 | +€24,853 | +28.7% |
| Amounts receivable within one year | 40/41 | €59,861 | €111,520 | +€51,658 | +86.3% |
| Trade receivables | 40 | €18,150 | €15,125 | -€3,025 | -16.7% |
| Other amounts receivable | 41 | €41,711 | €96,395 | +€54,683 | +131.1% |
| Cash at bank and in hand | 54/58 | €26,573 | €0 | -€26,573 | -100.0% |
| Deferred charges and accrued income | 490/1 | €232 | €0 | -€232 | -100.0% |
| Total equity and liabilities | 10/49 | €90,277 | €121,974 | +€31,697 | +35.1% |
| Equity | 10/15 | €62,432 | €62,432 | = | 0.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,232 | €56,232 | = | 0.0% |
| Distributable reserves | 133 | €56,232 | €56,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,845 | €59,542 | +€31,697 | +113.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €27,457 | €59,142 | +€31,685 | +115.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €11,770 | €7,398 | -€4,372 | -37.1% |
| Credit institutions | 430/8 | €11,770 | €7,398 | -€4,372 | -37.1% |
| Trade debts | 44 | €2,057 | €4,867 | +€2,810 | +136.6% |
| Suppliers | 440/4 | €2,057 | €4,867 | +€2,810 | +136.6% |
| Taxes, remuneration and social security | 45 | €10,380 | €7,685 | -€2,696 | -26.0% |
| Taxes | 450/3 | €10,380 | €7,685 | -€2,696 | -26.0% |
| Other amounts payable | 47/48 | €3,250 | €39,193 | +€35,943 | +1105.9% |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating income | 76A | €23,480 | €0 | -€23,480 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €988 | €2,603 | +€1,615 | +163.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,234 | €364 | -€871 | -70.5% |
| Gross operating margin | 9900 | €53,724 | €48,692 | -€5,032 | -9.4% |
| Operating profit (loss) | 9901 | €51,501 | €45,725 | -€5,776 | -11.2% |
| Financial income | 75/76B | €651 | €2,726 | +€2,075 | +319.0% |
| Recurring financial income | 75 | €651 | €2,726 | +€2,075 | +319.0% |
| Financial charges | 65/66B | €3,708 | €1,948 | -€1,760 | -47.5% |
| Recurring financial charges | 65 | €3,708 | €1,948 | -€1,760 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €48,444 | €46,503 | -€1,940 | -4.0% |
| Income taxes | 67/77 | €10,770 | €10,310 | -€459 | -4.3% |
| Profit (loss) for the period | 9904 | €37,674 | €36,193 | -€1,481 | -3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,674 | €36,193 | -€1,481 | -3.9% |
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 12 October 2026 via checked.be.