DK9.2: 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.
DK9.2
Largest movements
- Cash +€437,923
up €437,923 (+160.4%), from €273,043 to €710,966
mainly Net result for the year (+€523,700) and Short-term financial debts (+€63,874)
- Receivables after one year +€199,401
up €199,401 (+24.5%), from €815,021 to €1.0m
- Tangible fixed assets -€41,460
down €41,460 (-5.1%), from €816,491 to €775,031
of which Furniture and vehicles: -€25,646
- Receivables within one year -€33,064
down €33,064 (-98.7%), from €33,499 to €435
of which Other amounts receivable: -€33,064
- Reserves +€522,034
up €522,034 (+39.5%), from €1.3m to €1.8m
of which Distributable reserves: +€416,784
- Short-term financial debts +€63,874
up €63,874 (+63.9%), from €100,000 to €163,874
- Gross operating margin -€181,016
down €181,016 (-17.5%), from €1.0m to €854,162
- Taxes -€55,568
down €55,568 (-18.9%), from €293,313 to €237,745
- Depreciation -€52,998
down €52,998 (-51.8%), from €102,272 to €49,274
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 | €2,306,860 | €2,890,327 | +€583,466 | +25.3% |
| Fixed assets | 21/28 | €1,148,574 | €1,127,068 | -€21,507 | -1.9% |
| Tangible fixed assets | 22/27 | €816,491 | €775,031 | -€41,460 | -5.1% |
| Land and buildings | 22 | €677,123 | €662,487 | -€14,636 | -2.2% |
| Furniture and vehicles | 24 | €131,721 | €106,075 | -€25,646 | -19.5% |
| Other tangible fixed assets | 26 | €7,646 | €6,469 | -€1,178 | -15.4% |
| Financial fixed assets | 28 | €332,083 | €352,037 | +€19,954 | +6.0% |
| Current assets | 29/58 | €1,158,286 | €1,763,259 | +€604,973 | +52.2% |
| Amounts receivable after more than one year | 29 | €815,021 | €1,014,422 | +€199,401 | +24.5% |
| Other amounts receivable | 291 | €815,021 | €1,014,422 | +€199,401 | +24.5% |
| Amounts receivable within one year | 40/41 | €33,499 | €435 | -€33,064 | -98.7% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €33,499 | €435 | -€33,064 | -98.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €273,043 | €710,966 | +€437,923 | +160.4% |
| Deferred charges and accrued income | 490/1 | €36,724 | €37,437 | +€712 | +1.9% |
| Total equity and liabilities | 10/49 | €2,306,860 | €2,890,327 | +€583,466 | +25.3% |
| Equity | 10/15 | €1,339,274 | €1,861,308 | +€522,034 | +39.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,320,674 | €1,842,708 | +€522,034 | +39.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €378,900 | €484,150 | +€105,250 | +27.8% |
| Distributable reserves | 133 | €941,774 | €1,358,558 | +€416,784 | +44.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €967,587 | €1,029,019 | +€61,433 | +6.3% |
| Amounts payable after more than one year | 17 | €783,336 | €784,831 | +€1,495 | +0.2% |
| Financial debts | 170/4 | €783,336 | €784,831 | +€1,495 | +0.2% |
| Amounts payable within one year | 42/48 | €163,937 | €222,601 | +€58,664 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €16,884 | €9,703 | -€7,181 | -42.5% |
| Financial debts | 43 | €100,000 | €163,874 | +€63,874 | +63.9% |
| Credit institutions | 430/8 | €100,000 | €163,874 | +€63,874 | +63.9% |
| Trade debts | 44 | €3,218 | €4,384 | +€1,166 | +36.2% |
| Suppliers | 440/4 | €3,218 | €4,384 | +€1,166 | +36.2% |
| Taxes, remuneration and social security | 45 | €398 | €2,973 | +€2,575 | +647.1% |
| Taxes | 450/3 | €398 | €2,973 | +€2,575 | +647.1% |
| Other amounts payable | 47/48 | €43,437 | €41,666 | -€1,771 | -4.1% |
| Accrued charges and deferred income | 492/3 | €20,313 | €21,588 | +€1,274 | +6.3% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,272 | €49,274 | -€52,998 | -51.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €3,502 | €6,403 | +€2,901 | +82.8% |
| Gross operating margin | 9900 | €1,035,177 | €854,162 | -€181,016 | -17.5% |
| Operating profit (loss) | 9901 | €929,404 | €798,485 | -€130,918 | -14.1% |
| Financial income | 75/76B | €8,007 | €4,621 | -€3,386 | -42.3% |
| Recurring financial income | 75 | €8,007 | €4,621 | -€3,386 | -42.3% |
| Financial charges | 65/66B | €43,079 | €41,662 | -€1,417 | -3.3% |
| Recurring financial charges | 65 | €43,079 | €41,662 | -€1,417 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €894,331 | €761,445 | -€132,887 | -14.9% |
| Income taxes | 67/77 | €293,313 | €237,745 | -€55,568 | -18.9% |
| Profit (loss) for the period | 9904 | €601,019 | €523,700 | -€77,319 | -12.9% |
| Transfer from tax-exempt reserves | 789 | €53,400 | €63,150 | +€9,750 | +18.3% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €168,400 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €486,019 | €418,450 | -€67,569 | -13.9% |
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 10 October 2026 via checked.be.