e-visible: 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.
e-visible
Largest movements
- Cash -€72,733
down €72,733 (-69.2%), from €105,151 to €32,419
mainly Net result for the year (-€51,672) and Debts after one year (-€21,293)
- Tangible fixed assets -€17,332
down €17,332 (-6.3%), from €275,320 to €257,988
of which Furniture and vehicles: -€11,517
- Receivables within one year +€6,532
up €6,532 (+52.0%), from €12,572 to €19,104
of which Other amounts receivable: +€11,715
- Deferred charges and accrued income -€5,167
down €5,167 (-78.5%), from €6,578 to €1,411
- Profit (loss) carried forward -€51,672
down €51,672, from €0 to -€51,672
- Debts after one year -€21,293
down €21,293 (-9.5%), from €224,025 to €202,732
- Reserves -€11,060
down €11,060 (-8.3%), from €132,822 to €121,762
of which Distributable reserves: -€11,060
- Gross operating margin -€108,670
down €108,670, from €82,750 to -€25,920
- Taxes -€17,177
down €17,177 (-98.4%), from €17,454 to €277
- Financial charges -€2,083
down €2,083 (-19.9%), from €10,472 to €8,390
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.
Derived cash bridge
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 | €406,915 | €319,315 | -€87,601 | -21.5% |
| Fixed assets | 21/28 | €275,320 | €257,988 | -€17,332 | -6.3% |
| Tangible fixed assets | 22/27 | €275,320 | €257,988 | -€17,332 | -6.3% |
| Land and buildings | 22 | €251,063 | €245,248 | -€5,815 | -2.3% |
| Furniture and vehicles | 24 | €24,257 | €12,740 | -€11,517 | -47.5% |
| Current assets | 29/58 | €131,595 | €61,326 | -€70,269 | -53.4% |
| Amounts receivable within one year | 40/41 | €12,572 | €19,104 | +€6,532 | +52.0% |
| Trade receivables | 40 | €9,417 | €4,235 | -€5,182 | -55.0% |
| Other amounts receivable | 41 | €3,154 | €14,869 | +€11,715 | +371% |
| Current investments | 50/53 | €7,294 | €8,392 | +€1,098 | +15.1% |
| Cash at bank and in hand | 54/58 | €105,151 | €32,419 | -€72,733 | -69.2% |
| Deferred charges and accrued income | 490/1 | €6,578 | €1,411 | -€5,167 | -78.5% |
| Total equity and liabilities | 10/49 | €406,915 | €319,315 | -€87,601 | -21.5% |
| Equity | 10/15 | €151,422 | €88,690 | -€62,732 | -41.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €132,822 | €121,762 | -€11,060 | -8.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €132,822 | €121,762 | -€11,060 | -8.3% |
| Profit (loss) carried forward | 14 | €0 | -€51,672 | -€51,672 | |
| Amounts payable | 17/49 | €255,493 | €230,624 | -€24,868 | -9.7% |
| Amounts payable after more than one year | 17 | €224,025 | €202,732 | -€21,293 | -9.5% |
| Financial debts | 170/4 | €224,025 | €202,732 | -€21,293 | -9.5% |
| Amounts payable within one year | 42/48 | €30,428 | €27,892 | -€2,536 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €21,036 | €21,293 | +€257 | +1.2% |
| Trade debts | 44 | €693 | €309 | -€385 | -55.5% |
| Suppliers | 440/4 | €693 | €309 | -€385 | -55.5% |
| Taxes, remuneration and social security | 45 | €6,641 | €4,074 | -€2,568 | -38.7% |
| Taxes | 450/3 | €6,641 | €4,074 | -€2,568 | -38.7% |
| Other amounts payable | 47/48 | €2,057 | €2,217 | +€160 | +7.8% |
| Accrued charges and deferred income | 492/3 | €1,040 | €0 | -€1,040 | -100% |
| Non-recurring operating income | 76A | €9,308 | €0 | -€9,308 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,823 | €17,332 | +€509 | +3.0% |
| Other operating charges | 640/8 | €1,005 | €387 | -€618 | -61.5% |
| Gross operating margin | 9900 | €82,750 | -€25,920 | -€108,670 | |
| Operating profit (loss) | 9901 | €64,922 | -€43,639 | -€108,562 | |
| Financial income | 75/76B | €461 | €633 | +€172 | +37.3% |
| Recurring financial income | 75 | €461 | €633 | +€172 | +37.3% |
| Financial charges | 65/66B | €10,472 | €8,390 | -€2,083 | -19.9% |
| Recurring financial charges | 65 | €10,472 | €8,390 | -€2,083 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €54,911 | -€51,395 | -€106,307 | |
| Income taxes | 67/77 | €17,454 | €277 | -€17,177 | -98.4% |
| Profit (loss) for the period | 9904 | €37,457 | -€51,672 | -€89,129 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,457 | -€51,672 | -€89,129 |
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 17 October 2026 via checked.be.