DR. BART POFFYN: 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.
DR. BART POFFYN
Largest movements
- Cash +€10,869
up €10,869 (+22.4%), from €48,476 to €59,345
mainly Other debts (+€10,523) and Net result for the year (+€4,560)
- Tangible fixed assets -€3,098
down €3,098 (-26.7%), from €11,614 to €8,516
of which Other tangible fixed assets: -€2,729
- Other debts +€10,523
up €10,523 (+10.4%), from €100,935 to €111,458
- Accrued charges and deferred income -€5,191
no longer reported in 2025 (was €5,191)
- Profit (loss) carried forward +€4,560
up €4,560 (+2.6%), from -€174,109 to -€169,549
- Trade debts -€1,863
down €1,863 (-45.4%), from €4,101 to €2,239
- Gross operating margin +€26,826
up €26,826, from -€18,009 to €8,817
- Other operating charges -€1,066
down €1,066 (-64.6%), from €1,651 to €585
- Taxes -€421
down €421 (-39.9%), from €1,054 to €634
- Depreciation -€416
down €416 (-11.8%), from €3,514 to €3,098
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 | €60,270 | €67,861 | +€7,591 | +12.6% |
| Fixed assets | 21/28 | €11,614 | €8,516 | -€3,098 | -26.7% |
| Tangible fixed assets | 22/27 | €11,614 | €8,516 | -€3,098 | -26.7% |
| Furniture and vehicles | 24 | €369 | - | -€369 | |
| Other tangible fixed assets | 26 | €11,245 | €8,516 | -€2,729 | -24.3% |
| Current assets | 29/58 | €48,656 | €59,345 | +€10,689 | +22.0% |
| Amounts receivable within one year | 40/41 | €180 | - | -€180 | |
| Trade receivables | 40 | €180 | - | -€180 | |
| Cash at bank and in hand | 54/58 | €48,476 | €59,345 | +€10,869 | +22.4% |
| Total equity and liabilities | 10/49 | €60,270 | €67,861 | +€7,591 | +12.6% |
| Equity | 10/15 | -€50,967 | -€46,408 | +€4,560 | +8.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €110,742 | €110,742 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €108,742 | €108,742 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€174,109 | -€169,549 | +€4,560 | +2.6% |
| Amounts payable | 17/49 | €111,238 | €114,269 | +€3,031 | +2.7% |
| Amounts payable within one year | 42/48 | €106,047 | €114,269 | +€8,222 | +7.8% |
| Trade debts | 44 | €4,101 | €2,239 | -€1,863 | -45.4% |
| Suppliers | 440/4 | €4,101 | €2,239 | -€1,863 | -45.4% |
| Taxes, remuneration and social security | 45 | €1,011 | €572 | -€438 | -43.4% |
| Taxes | 450/3 | €1,011 | €572 | -€438 | -43.4% |
| Other amounts payable | 47/48 | €100,935 | €111,458 | +€10,523 | +10.4% |
| Accrued charges and deferred income | 492/3 | €5,191 | - | -€5,191 | |
| Non-recurring operating income | 76A | - | €22,361 | +€22,361 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,514 | €3,098 | -€416 | -11.8% |
| Other operating charges | 640/8 | €1,651 | €585 | -€1,066 | -64.6% |
| Non-recurring operating charges | 66A | €63 | - | -€63 | |
| Gross operating margin | 9900 | -€18,009 | €8,817 | +€26,826 | |
| Operating profit (loss) | 9901 | -€23,237 | €5,135 | +€28,372 | |
| Financial income | 75/76B | €197 | €204 | +€7 | +3.7% |
| Recurring financial income | 75 | €197 | €204 | +€7 | +3.7% |
| Financial charges | 65/66B | €266 | €146 | -€121 | -45.3% |
| Recurring financial charges | 65 | €266 | €146 | -€121 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,306 | €5,194 | +€28,500 | |
| Income taxes | 67/77 | €1,054 | €634 | -€421 | -39.9% |
| Profit (loss) for the period | 9904 | -€24,361 | €4,560 | +€28,921 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,361 | €4,560 | +€28,921 |
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 8 October 2026 via checked.be.