DRIVING GUIDE: 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.
DRIVING GUIDE
Largest movements
- Cash +€27,153
up €27,153 (+198.3%), from €13,691 to €40,844
mainly Net result for the year (+€20,846) and Tax, wage and social debts (+€8,100)
- Receivables within one year +€3,766
up €3,766 (+47.2%), from €7,979 to €11,745
of which Other amounts receivable: +€2,323
- Deferred charges and accrued income -€779
down €779 (-69.1%), from €1,129 to €349
- Tangible fixed assets -€675
down €675 (-20.9%), from €3,226 to €2,551
- Reserves +€20,000
up €20,000 (+200.0%), from €10,000 to €30,000
- Tax, wage and social debts +€8,100
up €8,100 (+95.5%), from €8,481 to €16,581
- Profit (loss) carried forward +€846
up €846 (+154.6%), from €547 to €1,393
- Gross operating margin +€12,899
up €12,899 (+55.1%), from €23,412 to €36,311
- Taxes +€4,348
up €4,348 (+62.0%), from €7,018 to €11,366
- Staff costs -€785
down €785 (-22.6%), from €3,479 to €2,693
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 | €26,024 | €55,489 | +€29,464 | +113.2% |
| Fixed assets | 21/28 | €3,226 | €2,551 | -€675 | -20.9% |
| Tangible fixed assets | 22/27 | €3,226 | €2,551 | -€675 | -20.9% |
| Furniture and vehicles | 24 | €3,226 | €2,551 | -€675 | -20.9% |
| Current assets | 29/58 | €22,799 | €52,938 | +€30,139 | +132.2% |
| Amounts receivable within one year | 40/41 | €7,979 | €11,745 | +€3,766 | +47.2% |
| Trade receivables | 40 | €5,666 | €7,109 | +€1,443 | +25.5% |
| Other amounts receivable | 41 | €2,314 | €4,636 | +€2,323 | +100.4% |
| Cash at bank and in hand | 54/58 | €13,691 | €40,844 | +€27,153 | +198.3% |
| Deferred charges and accrued income | 490/1 | €1,129 | €349 | -€779 | -69.1% |
| Total equity and liabilities | 10/49 | €26,024 | €55,489 | +€29,464 | +113.2% |
| Equity | 10/15 | €15,797 | €36,643 | +€20,846 | +132.0% |
| Contributions | 10/11 | €5,250 | €5,250 | = | 0.0% |
| Reserves | 13 | €10,000 | €30,000 | +€20,000 | +200.0% |
| Distributable reserves | 133 | €10,000 | €30,000 | +€20,000 | +200.0% |
| Profit (loss) carried forward | 14 | €547 | €1,393 | +€846 | +154.6% |
| Amounts payable | 17/49 | €10,227 | €18,846 | +€8,619 | +84.3% |
| Amounts payable within one year | 42/48 | €10,227 | €18,846 | +€8,619 | +84.3% |
| Trade debts | 44 | €1,747 | €2,265 | +€518 | +29.7% |
| Suppliers | 440/4 | €1,747 | €2,265 | +€518 | +29.7% |
| Taxes, remuneration and social security | 45 | €8,481 | €16,581 | +€8,100 | +95.5% |
| Taxes | 450/3 | €8,481 | €16,581 | +€8,100 | +95.5% |
| Remuneration, social security and pensions | 62 | €3,479 | €2,693 | -€785 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,751 | €1,418 | -€334 | -19.0% |
| Other operating charges | 640/8 | €463 | €181 | -€282 | -60.8% |
| Gross operating margin | 9900 | €23,412 | €36,311 | +€12,899 | +55.1% |
| Operating profit (loss) | 9901 | €17,718 | €32,018 | +€14,300 | +80.7% |
| Financial income | 75/76B | €135 | €264 | +€129 | +95.8% |
| Recurring financial income | 75 | €135 | €264 | +€129 | +95.8% |
| Financial charges | 65/66B | €288 | €71 | -€217 | -75.4% |
| Recurring financial charges | 65 | €288 | €71 | -€217 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €17,565 | €32,212 | +€14,646 | +83.4% |
| Income taxes | 67/77 | €7,018 | €11,366 | +€4,348 | +62.0% |
| Profit (loss) for the period | 9904 | €10,547 | €20,846 | +€10,299 | +97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €10,547 | €20,846 | +€10,299 | +97.6% |
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.