DYNAMIC SEARCH: what changed
Two financial 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.
DYNAMIC SEARCH
Largest movements
- Cash +€250,926
up €250,926 (+206.2%), from €121,688 to €372,614
mainly Current investments (+€175,000) and Net result for the year (+€77,458)
- Current investments -€175,000
no longer reported in 2025 (was €175,000)
- Receivables within one year -€12,174
down €12,174 (-18.1%), from €67,440 to €55,266
of which Trade receivables: -€12,977
- Reserves +€52,458
up €52,458 (+21.8%), from €240,293 to €292,751
of which Distributable reserves: +€52,458
- Other debts +€7,566
up €7,566 (+43.4%), from €17,434 to €25,000
- Financial income +€5,600
new in 2025: €5,600
- Gross operating margin -€3,120
down €3,120 (-2.7%), from €117,101 to €113,981
- Taxes +€1,288
up €1,288 (+3.6%), from €35,759 to €37,048
- Other operating charges -€1,226
down €1,226 (-60.7%), from €2,020 to €795
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 | €370,705 | €432,128 | +€61,423 | +16.6% |
| Fixed assets | 21/28 | €6,577 | €4,248 | -€2,328 | -35.4% |
| Tangible fixed assets | 22/27 | €6,577 | €4,248 | -€2,328 | -35.4% |
| Furniture and vehicles | 24 | €3,745 | - | -€3,745 | |
| Other tangible fixed assets | 26 | €2,831 | €4,248 | +€1,417 | +50.1% |
| Current assets | 29/58 | €364,128 | €427,880 | +€63,752 | +17.5% |
| Amounts receivable within one year | 40/41 | €67,440 | €55,266 | -€12,174 | -18.1% |
| Trade receivables | 40 | €34,440 | €21,462 | -€12,977 | -37.7% |
| Other amounts receivable | 41 | €33,000 | €33,803 | +€803 | +2.4% |
| Current investments | 50/53 | €175,000 | - | -€175,000 | |
| Cash at bank and in hand | 54/58 | €121,688 | €372,614 | +€250,926 | +206.2% |
| Total equity and liabilities | 10/49 | €370,705 | €432,128 | +€61,423 | +16.6% |
| Equity | 10/15 | €309,397 | €361,855 | +€52,458 | +17.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €240,293 | €292,751 | +€52,458 | +21.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €234,093 | €286,551 | +€52,458 | +22.4% |
| Profit (loss) carried forward | 14 | €7,104 | €7,104 | = | 0.0% |
| Amounts payable | 17/49 | €61,308 | €70,273 | +€8,965 | +14.6% |
| Amounts payable within one year | 42/48 | €61,308 | €70,273 | +€8,965 | +14.6% |
| Trade debts | 44 | €336 | €1,199 | +€864 | +257.3% |
| Suppliers | 440/4 | €336 | €1,199 | +€864 | +257.3% |
| Taxes, remuneration and social security | 45 | €43,538 | €44,074 | +€536 | +1.2% |
| Taxes | 450/3 | €43,538 | €44,074 | +€536 | +1.2% |
| Other amounts payable | 47/48 | €17,434 | €25,000 | +€7,566 | +43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,643 | €4,208 | -€434 | -9.4% |
| Other operating charges | 640/8 | €2,020 | €795 | -€1,226 | -60.7% |
| Gross operating margin | 9900 | €117,101 | €113,981 | -€3,120 | -2.7% |
| Operating profit (loss) | 9901 | €110,438 | €108,978 | -€1,460 | -1.3% |
| Financial income | 75/76B | - | €5,600 | +€5,600 | |
| Recurring financial income | 75 | - | €5,600 | +€5,600 | |
| Financial charges | 65/66B | €73 | €72 | -€1 | -0.8% |
| Recurring financial charges | 65 | €73 | €72 | -€1 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €110,365 | €114,506 | +€4,140 | +3.8% |
| Income taxes | 67/77 | €35,759 | €37,048 | +€1,288 | +3.6% |
| Profit (loss) for the period | 9904 | €74,606 | €77,458 | +€2,852 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €74,606 | €77,458 | +€2,852 | +3.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.