Div'Advice: what changed
Two fiscal 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.
Div'Advice
Largest movements
- Cash -€70,621
down €70,621 (-63.4%), from €111,464 to €40,843
mainly Receivables within one year (-€62,611) and Net result for the year (-€18,546)
- Receivables within one year +€62,611
up €62,611 (+424.8%), from €14,741 to €77,352
of which Other amounts receivable: +€31,984
- Tangible fixed assets -€19,283
down €19,283 (-32.3%), from €59,701 to €40,418
of which Furniture and vehicles: -€14,984
- Profit (loss) carried forward -€18,546
new in 2025: -€18,546
- Debts after one year -€13,013
down €13,013 (-49.5%), from €26,282 to €13,270
- Tax, wage and social debts +€2,479
up €2,479 (+51.0%), from €4,858 to €7,337
- Gross operating margin -€49,137
down €49,137 (-96.9%), from €50,712 to €1,575
- Taxes -€10,807
down €10,807, from €10,440 to -€367
- Financial income -€6,863
down €6,863 (-87.3%), from €7,862 to €1,000
- Depreciation +€1,921
up €1,921 (+10.5%), from €18,269 to €20,190
- Other operating charges -€570
down €570 (-49.7%), from €1,146 to €577
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 | €205,984 | €178,186 | -€27,799 | -13.5% |
| Fixed assets | 21/28 | €69,701 | €50,418 | -€19,283 | -27.7% |
| Tangible fixed assets | 22/27 | €59,701 | €40,418 | -€19,283 | -32.3% |
| Plant, machinery and equipment | 23 | €11,489 | €7,190 | -€4,299 | -37.4% |
| Furniture and vehicles | 24 | €48,212 | €33,229 | -€14,984 | -31.1% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €136,283 | €127,767 | -€8,516 | -6.2% |
| Amounts receivable after more than one year | 29 | €2,355 | €2,355 | = | 0.0% |
| Other amounts receivable | 291 | €2,355 | €2,355 | = | 0.0% |
| Stocks and contracts in progress | 3 | €7,655 | €7,218 | -€438 | -5.7% |
| Stocks | 30/36 | €7,655 | €7,218 | -€438 | -5.7% |
| Amounts receivable within one year | 40/41 | €14,741 | €77,352 | +€62,611 | +424.8% |
| Trade receivables | 40 | - | €30,627 | +€30,627 | |
| Other amounts receivable | 41 | €14,741 | €46,725 | +€31,984 | +217.0% |
| Cash at bank and in hand | 54/58 | €111,464 | €40,843 | -€70,621 | -63.4% |
| Deferred charges and accrued income | 490/1 | €69 | - | -€69 | |
| Total equity and liabilities | 10/49 | €205,984 | €178,186 | -€27,799 | -13.5% |
| Equity | 10/15 | €156,606 | €138,061 | -€18,546 | -11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €150,406 | €150,406 | = | 0.0% |
| 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 | €148,546 | €148,546 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,546 | -€18,546 | |
| Amounts payable | 17/49 | €49,378 | €40,125 | -€9,253 | -18.7% |
| Amounts payable after more than one year | 17 | €26,282 | €13,270 | -€13,013 | -49.5% |
| Financial debts | 170/4 | €26,282 | €13,270 | -€13,013 | -49.5% |
| Amounts payable within one year | 42/48 | €23,096 | €26,855 | +€3,760 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €12,762 | €13,013 | +€251 | +2.0% |
| Trade debts | 44 | €5,476 | €6,505 | +€1,030 | +18.8% |
| Suppliers | 440/4 | €5,476 | €6,505 | +€1,030 | +18.8% |
| Taxes, remuneration and social security | 45 | €4,858 | €7,337 | +€2,479 | +51.0% |
| Taxes | 450/3 | €4,858 | €7,337 | +€2,479 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,269 | €20,190 | +€1,921 | +10.5% |
| Other operating charges | 640/8 | €1,146 | €577 | -€570 | -49.7% |
| Non-recurring operating charges | 66A | €240 | - | -€240 | |
| Gross operating margin | 9900 | €50,712 | €1,575 | -€49,137 | -96.9% |
| Operating profit (loss) | 9901 | €31,056 | -€19,192 | -€50,248 | |
| Financial income | 75/76B | €7,862 | €1,000 | -€6,863 | -87.3% |
| Recurring financial income | 75 | €7,862 | €1,000 | -€6,863 | -87.3% |
| Financial charges | 65/66B | €973 | €721 | -€253 | -26.0% |
| Recurring financial charges | 65 | €973 | €721 | -€253 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €37,945 | -€18,913 | -€56,858 | |
| Income taxes | 67/77 | €10,440 | -€367 | -€10,807 | |
| Profit (loss) for the period | 9904 | €27,505 | -€18,546 | -€46,051 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,505 | -€18,546 | -€46,051 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.