DS WINDOW: 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.
DS WINDOW
Largest movements
- Tangible fixed assets +€185,743
up €185,743 (+11746.2%), from €1,581 to €187,325
of which Land and buildings: +€186,408
- Stocks and contracts +€38,555
up €38,555 (+4159.5%), from €927 to €39,482
- Receivables within one year -€35,385
down €35,385 (-45.4%), from €77,958 to €42,573
of which Trade receivables: -€37,390
- Cash +€14,818
up €14,818 (+96.8%), from €15,315 to €30,133
mainly Debts after one year (+€184,799) and Net result for the year (+€49,828)
- Debts after one year +€184,799
new in 2025: €184,799
- Reserves +€40,000
new in 2025: €40,000
of which Distributable reserves: +€40,000
- Trade debts -€30,040
down €30,040 (-99.3%), from €30,246 to €206
- Profit (loss) carried forward +€8,228
up €8,228 (+24.6%), from €33,419 to €41,647
- Gross operating margin +€61,861
up €61,861 (+137.2%), from €45,088 to €106,949
- Other operating charges +€26,668
up €26,668 (+3488.7%), from €764 to €27,432
- Taxes +€8,880
up €8,880 (+102.4%), from €8,668 to €17,548
- Financial charges +€8,131
up €8,131 (+4989.8%), from €163 to €8,294
of which Financial charges: +€8,131
- Depreciation +€3,823
up €3,823 (+881.8%), from €434 to €4,257
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 | €95,781 | €299,513 | +€203,732 | +212.7% |
| Fixed assets | 21/28 | €1,581 | €187,325 | +€185,743 | +11746.2% |
| Tangible fixed assets | 22/27 | €1,581 | €187,325 | +€185,743 | +11746.2% |
| Land and buildings | 22 | - | €186,408 | +€186,408 | |
| Furniture and vehicles | 24 | €1,581 | €916 | -€665 | -42.0% |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €94,200 | €112,188 | +€17,988 | +19.1% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Stocks and contracts in progress | 3 | €927 | €39,482 | +€38,555 | +4159.5% |
| Stocks | 30/36 | €927 | €39,482 | +€38,555 | +4159.5% |
| Amounts receivable within one year | 40/41 | €77,958 | €42,573 | -€35,385 | -45.4% |
| Trade receivables | 40 | €77,958 | €40,567 | -€37,390 | -48.0% |
| Other amounts receivable | 41 | - | €2,005 | +€2,005 | |
| Current investments | 50/53 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €15,315 | €30,133 | +€14,818 | +96.8% |
| Total equity and liabilities | 10/49 | €95,781 | €299,513 | +€203,732 | +212.7% |
| Equity | 10/15 | €43,419 | €91,647 | +€48,228 | +111.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €33,419 | €41,647 | +€8,228 | +24.6% |
| Provisions and deferred taxes | 16 | - | €0 | = | |
| Provisions for liabilities and charges | 160/5 | - | €0 | = | |
| Amounts payable | 17/49 | €52,362 | €207,866 | +€155,503 | +297.0% |
| Amounts payable after more than one year | 17 | - | €184,799 | +€184,799 | |
| Financial debts | 170/4 | - | €184,799 | +€184,799 | |
| Amounts payable within one year | 42/48 | €50,835 | €22,489 | -€28,345 | -55.8% |
| Current portion of amounts payable after more than one year | 42 | - | €0 | = | |
| Financial debts | 43 | - | €0 | = | |
| Trade debts | 44 | €30,246 | €206 | -€30,040 | -99.3% |
| Suppliers | 440/4 | €30,246 | €206 | -€30,040 | -99.3% |
| Taxes, remuneration and social security | 45 | €16,943 | €17,265 | +€322 | +1.9% |
| Taxes | 450/3 | €16,943 | €16,005 | -€938 | -5.5% |
| Remuneration and social security | 454/9 | - | €1,260 | +€1,260 | |
| Other amounts payable | 47/48 | €3,645 | €5,018 | +€1,372 | +37.6% |
| Accrued charges and deferred income | 492/3 | €1,527 | €577 | -€950 | -62.2% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €434 | €4,257 | +€3,823 | +881.8% |
| Other operating charges | 640/8 | €764 | €27,432 | +€26,668 | +3488.7% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €45,088 | €106,949 | +€61,861 | +137.2% |
| Operating profit (loss) | 9901 | €43,890 | €75,260 | +€31,370 | +71.5% |
| Financial income | 75/76B | €26 | €410 | +€385 | +1500.4% |
| Recurring financial income | 75 | €26 | €410 | +€385 | +1500.4% |
| Non-recurring financial income | 76B | - | €0 | = | |
| Financial charges | 65/66B | €163 | €8,294 | +€8,131 | +4989.8% |
| Recurring financial charges | 65 | €163 | €8,294 | +€8,131 | +4989.8% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €43,753 | €67,376 | +€23,623 | +54.0% |
| Income taxes | 67/77 | €8,668 | €17,548 | +€8,880 | +102.4% |
| Profit (loss) for the period | 9904 | €35,085 | €49,828 | +€14,743 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,085 | €49,828 | +€14,743 | +42.0% |
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 1 October 2026 via checked.be.