dotcircle: 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.
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Largest movements
- Deferred charges and accrued income +€2,941
up €2,941 (+4569.6%), from €64 to €3,006
- Cash +€2,298
up €2,298 (+7.8%), from €29,596 to €31,894
mainly Net result for the year (+€23,575) and Depreciation (+€2,042)
- Tangible fixed assets -€2,042
down €2,042 (-44.9%), from €4,545 to €2,502
- Receivables within one year -€1,362
down €1,362 (-2.2%), from €60,860 to €59,498
of which Trade receivables: -€2,325
- Reserves +€23,575
up €23,575 (+40.3%), from €58,549 to €82,124
- Other debts -€16,798
down €16,798 (-99.4%), from €16,908 to €110
- Tax, wage and social debts -€4,519
down €4,519 (-32.4%), from €13,945 to €9,426
of which Taxes: -€4,519
- Gross operating margin -€9,845
down €9,845 (-22.7%), from €43,455 to €33,610
- Financial income +€2,916
up €2,916 (+4257.5%), from €68 to €2,984
- Taxes -€1,954
down €1,954 (-17.5%), from €11,140 to €9,186
- Depreciation +€704
up €704 (+52.6%), from €1,339 to €2,042
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 | €95,064 | €96,900 | +€1,836 | +1.9% |
| Fixed assets | 21/28 | €4,545 | €2,502 | -€2,042 | -44.9% |
| Tangible fixed assets | 22/27 | €4,545 | €2,502 | -€2,042 | -44.9% |
| Furniture and vehicles | 24 | €4,545 | €2,502 | -€2,042 | -44.9% |
| Current assets | 29/58 | €90,520 | €94,398 | +€3,878 | +4.3% |
| Amounts receivable within one year | 40/41 | €60,860 | €59,498 | -€1,362 | -2.2% |
| Trade receivables | 40 | €10,823 | €8,498 | -€2,325 | -21.5% |
| Other amounts receivable | 41 | €50,037 | €51,000 | +€963 | +1.9% |
| Cash at bank and in hand | 54/58 | €29,596 | €31,894 | +€2,298 | +7.8% |
| Deferred charges and accrued income | 490/1 | €64 | €3,006 | +€2,941 | +4569.6% |
| Total equity and liabilities | 10/49 | €95,064 | €96,900 | +€1,836 | +1.9% |
| Equity | 10/15 | €61,049 | €84,624 | +€23,575 | +38.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €58,549 | €82,124 | +€23,575 | +40.3% |
| Distributable reserves | 133 | €58,549 | €82,124 | +€23,575 | +40.3% |
| Amounts payable | 17/49 | €34,016 | €12,276 | -€21,739 | -63.9% |
| Amounts payable within one year | 42/48 | €32,630 | €11,167 | -€21,464 | -65.8% |
| Trade debts | 44 | €1,778 | €1,630 | -€147 | -8.3% |
| Suppliers | 440/4 | €1,778 | €1,630 | -€147 | -8.3% |
| Taxes, remuneration and social security | 45 | €13,945 | €9,426 | -€4,519 | -32.4% |
| Taxes | 450/3 | €11,595 | €7,076 | -€4,519 | -39.0% |
| Remuneration and social security | 454/9 | €2,350 | €2,350 | = | 0.0% |
| Other amounts payable | 47/48 | €16,908 | €110 | -€16,798 | -99.4% |
| Accrued charges and deferred income | 492/3 | €1,385 | €1,110 | -€275 | -19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,339 | €2,042 | +€704 | +52.6% |
| Other operating charges | 640/8 | €525 | €531 | +€7 | +1.2% |
| Gross operating margin | 9900 | €43,455 | €33,610 | -€9,845 | -22.7% |
| Operating profit (loss) | 9901 | €41,592 | €31,036 | -€10,556 | -25.4% |
| Financial income | 75/76B | €68 | €2,984 | +€2,916 | +4257.5% |
| Recurring financial income | 75 | €68 | €2,984 | +€2,916 | +4257.5% |
| Financial charges | 65/66B | €1,324 | €1,260 | -€64 | -4.8% |
| Recurring financial charges | 65 | €1,324 | €1,260 | -€64 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €40,336 | €32,761 | -€7,576 | -18.8% |
| Income taxes | 67/77 | €11,140 | €9,186 | -€1,954 | -17.5% |
| Profit (loss) for the period | 9904 | €29,197 | €23,575 | -€5,622 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,197 | €23,575 | -€5,622 | -19.3% |
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.