DWelements: 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.
DWelements
Largest movements
- Cash -€49,560
down €49,560 (-15.3%), from €324,111 to €274,551
mainly Net result for the year (-€38,553) and Current portion of long-term debt (-€11,066)
- Tangible fixed assets -€16,180
down €16,180 (-86.2%), from €18,778 to €2,598
of which Furniture and vehicles: -€14,157
- Receivables within one year +€8,871
up €8,871 (+121.8%), from €7,280 to €16,151
of which Trade receivables: +€10,308
- Profit (loss) carried forward -€38,553
down €38,553, from €345 to -€38,208
- Current portion of long-term debt -€11,066
down €11,066 (-100.0%), from €11,066 to €0
- Tax, wage and social debts -€8,332
down €8,332 (-100.0%), from €8,332 to €0
of which Taxes: -€8,332
- Gross operating margin -€85,558
down €85,558, from €64,537 to -€21,022
- Taxes -€14,866
down €14,866 (-100.0%), from €14,866 to €0
- Financial income -€5,537
down €5,537 (-53.8%), from €10,289 to €4,752
of which Non-recurring financial income: -€8,233
- Financial charges +€4,041
up €4,041 (+1151.1%), from €351 to €4,392
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 | €447,115 | €386,887 | -€60,228 | -13.5% |
| Fixed assets | 21/28 | €18,778 | €2,598 | -€16,180 | -86.2% |
| Tangible fixed assets | 22/27 | €18,778 | €2,598 | -€16,180 | -86.2% |
| Land and buildings | 22 | €2,875 | €1,950 | -€925 | -32.2% |
| Plant, machinery and equipment | 23 | €763 | €573 | -€191 | -25.0% |
| Furniture and vehicles | 24 | €14,157 | €0 | -€14,157 | -100.0% |
| Other tangible fixed assets | 26 | €983 | €76 | -€908 | -92.3% |
| Current assets | 29/58 | €428,336 | €384,288 | -€44,048 | -10.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €7,280 | €16,151 | +€8,871 | +121.8% |
| Trade receivables | 40 | €500 | €10,808 | +€10,308 | +2061.6% |
| Other amounts receivable | 41 | €6,780 | €5,343 | -€1,437 | -21.2% |
| Current investments | 50/53 | €94,086 | €90,532 | -€3,554 | -3.8% |
| Cash at bank and in hand | 54/58 | €324,111 | €274,551 | -€49,560 | -15.3% |
| Deferred charges and accrued income | 490/1 | €2,859 | €3,055 | +€196 | +6.9% |
| Total equity and liabilities | 10/49 | €447,115 | €386,887 | -€60,228 | -13.5% |
| Equity | 10/15 | €409,504 | €370,951 | -€38,553 | -9.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €389,158 | €389,158 | = | 0.0% |
| Distributable reserves | 133 | €389,158 | €389,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €345 | -€38,208 | -€38,553 | |
| Amounts payable | 17/49 | €37,611 | €15,936 | -€21,675 | -57.6% |
| Amounts payable within one year | 42/48 | €37,611 | €15,936 | -€21,675 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €11,066 | €0 | -€11,066 | -100.0% |
| Trade debts | 44 | €4,770 | €3,112 | -€1,658 | -34.8% |
| Suppliers | 440/4 | €4,770 | €3,112 | -€1,658 | -34.8% |
| Taxes, remuneration and social security | 45 | €8,332 | €0 | -€8,332 | -100.0% |
| Taxes | 450/3 | €8,332 | €0 | -€8,332 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,443 | €12,824 | -€619 | -4.6% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,546 | €16,180 | -€367 | -2.2% |
| Other operating charges | 640/8 | €1,402 | €1,712 | +€310 | +22.1% |
| Gross operating margin | 9900 | €64,537 | -€21,022 | -€85,558 | |
| Operating profit (loss) | 9901 | €46,589 | -€38,913 | -€85,502 | |
| Financial income | 75/76B | €10,289 | €4,752 | -€5,537 | -53.8% |
| Recurring financial income | 75 | €2,056 | €4,752 | +€2,696 | +131.1% |
| Non-recurring financial income | 76B | €8,233 | €0 | -€8,233 | -100.0% |
| Financial charges | 65/66B | €351 | €4,392 | +€4,041 | +1151.1% |
| Recurring financial charges | 65 | €351 | €4,392 | +€4,041 | +1151.1% |
| Profit (loss) for the period before taxes | 9903 | €56,527 | -€38,553 | -€95,080 | |
| Income taxes | 67/77 | €14,866 | €0 | -€14,866 | -100.0% |
| Profit (loss) for the period | 9904 | €41,661 | -€38,553 | -€80,214 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,661 | -€38,553 | -€80,214 |
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 6 October 2026 via checked.be.