E - SOLUTIONS: 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.
E - SOLUTIONS
Largest movements
- Receivables within one year +€357,884
up €357,884 (+237.4%), from €150,738 to €508,622
of which Trade receivables: +€355,679
- Cash +€145,481
up €145,481 (+149.6%), from €97,228 to €242,710
mainly Trade debts (+€332,953) and Other debts (+€135,494)
- Tangible fixed assets +€33,245
up €33,245 (+7.6%), from €438,337 to €471,582
of which Furniture and vehicles: +€63,251
- Trade debts +€332,953
up €332,953 (+722.3%), from €46,093 to €379,047
- Other debts +€135,494
up €135,494 (+64.4%), from €210,436 to €345,930
- Reserves -€75,848
down €75,848 (-14.8%), from €514,164 to €438,317
of which Distributable reserves: -€75,848
- Tax, wage and social debts +€63,805
up €63,805 (+307.8%), from €20,729 to €84,534
of which Taxes: +€65,131
- Current portion of long-term debt +€43,682
up €43,682 (+142.7%), from €30,601 to €74,283
- Staff costs +€38,102
up €38,102 (+47.8%), from €79,631 to €117,733
- Taxes -€26,346
down €26,346 (-39.6%), from €66,467 to €40,122
- Gross operating margin -€23,153
down €23,153 (-6.4%), from €363,478 to €340,325
- Depreciation +€18,297
up €18,297 (+30.5%), from €59,957 to €78,254
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 | €883,152 | €1,421,547 | +€538,395 | +61.0% |
| Fixed assets | 21/28 | €629,847 | €665,734 | +€35,887 | +5.7% |
| Intangible fixed assets | 21 | - | €2,642 | +€2,642 | |
| Tangible fixed assets | 22/27 | €438,337 | €471,582 | +€33,245 | +7.6% |
| Land and buildings | 22 | €308,304 | €280,422 | -€27,881 | -9.0% |
| Plant, machinery and equipment | 23 | €5,897 | €3,772 | -€2,125 | -36.0% |
| Furniture and vehicles | 24 | €124,137 | €187,388 | +€63,251 | +51.0% |
| Financial fixed assets | 28 | €191,510 | €191,510 | = | 0.0% |
| Current assets | 29/58 | €253,305 | €755,813 | +€502,508 | +198.4% |
| Amounts receivable within one year | 40/41 | €150,738 | €508,622 | +€357,884 | +237.4% |
| Trade receivables | 40 | €133,065 | €488,744 | +€355,679 | +267.3% |
| Other amounts receivable | 41 | €17,673 | €19,878 | +€2,205 | +12.5% |
| Cash at bank and in hand | 54/58 | €97,228 | €242,710 | +€145,481 | +149.6% |
| Deferred charges and accrued income | 490/1 | €5,339 | €4,481 | -€858 | -16.1% |
| Total equity and liabilities | 10/49 | €883,152 | €1,421,547 | +€538,395 | +61.0% |
| Equity | 10/15 | €526,564 | €450,717 | -€75,848 | -14.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €514,164 | €438,317 | -€75,848 | -14.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €514,164 | €438,317 | -€75,848 | -14.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €356,587 | €970,830 | +€614,243 | +172.3% |
| Amounts payable after more than one year | 17 | €48,728 | €57,722 | +€8,994 | +18.5% |
| Financial debts | 170/4 | €48,728 | €55,822 | +€7,094 | +14.6% |
| Other amounts payable | 178/9 | - | €1,900 | +€1,900 | |
| Amounts payable within one year | 42/48 | €307,860 | €883,793 | +€575,934 | +187.1% |
| Current portion of amounts payable after more than one year | 42 | €30,601 | €74,283 | +€43,682 | +142.7% |
| Trade debts | 44 | €46,093 | €379,047 | +€332,953 | +722.3% |
| Suppliers | 440/4 | €46,093 | €379,047 | +€332,953 | +722.3% |
| Taxes, remuneration and social security | 45 | €20,729 | €84,534 | +€63,805 | +307.8% |
| Taxes | 450/3 | €3,973 | €69,104 | +€65,131 | +1639.5% |
| Remuneration and social security | 454/9 | €16,756 | €15,430 | -€1,327 | -7.9% |
| Other amounts payable | 47/48 | €210,436 | €345,930 | +€135,494 | +64.4% |
| Accrued charges and deferred income | 492/3 | €0 | €29,315 | +€29,315 | |
| Remuneration, social security and pensions | 62 | €79,631 | €117,733 | +€38,102 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,957 | €78,254 | +€18,297 | +30.5% |
| Other operating charges | 640/8 | €2,473 | €1,916 | -€556 | -22.5% |
| Gross operating margin | 9900 | €363,478 | €340,325 | -€23,153 | -6.4% |
| Operating profit (loss) | 9901 | €221,417 | €142,422 | -€78,996 | -35.7% |
| Financial income | 75/76B | €214 | €500 | +€286 | +133.8% |
| Recurring financial income | 75 | €214 | €500 | +€286 | +133.8% |
| Financial charges | 65/66B | €4,925 | €5,228 | +€303 | +6.1% |
| Recurring financial charges | 65 | €4,925 | €5,228 | +€303 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €216,706 | €137,694 | -€79,012 | -36.5% |
| Income taxes | 67/77 | €66,467 | €40,122 | -€26,346 | -39.6% |
| Profit (loss) for the period | 9904 | €150,239 | €97,572 | -€52,666 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €150,239 | €97,572 | -€52,666 | -35.1% |
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.