"Ecommerce Deployment Strategy": 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.
"Ecommerce Deployment Strategy"
Largest movements
- Stocks and contracts -€105,000
down €105,000 (-80.8%), from €130,000 to €25,000
- Cash -€53,034
down €53,034 (-93.4%), from €56,777 to €3,743
mainly Net result for the year (-€170,683) and Debts after one year (-€56,827)
- Tangible fixed assets -€31,974
down €31,974 (-19.1%), from €167,264 to €135,290
of which Plant, machinery and equipment: -€29,897
- Receivables within one year +€20,566
up €20,566 (+21.5%), from €95,575 to €116,141
of which Other amounts receivable: +€21,000
- Profit (loss) carried forward -€170,684
down €170,684 (-41.2%), from -€414,562 to -€585,246
- Other debts +€69,890
up €69,890 (+36212.4%), from €193 to €70,083
- Debts after one year -€56,827
down €56,827 (-71.8%), from €79,149 to €22,322
- Trade debts -€23,010
down €23,010 (-94.9%), from €24,259 to €1,249
- Tax, wage and social debts +€18,968
up €18,968 (+6.0%), from €313,610 to €332,578
of which Taxes: +€30,397
- Gross operating margin +€202,352
up €202,352 (+84.3%), from -€239,915 to -€37,563
- Depreciation +€10,793
up €10,793 (+30.9%), from €34,876 to €45,669
- Other operating charges +€5,126
up €5,126 (+154.5%), from €3,318 to €8,444
- Financial charges +€4,585
up €4,585 (+51.9%), from €8,831 to €13,416
of which Non-recurring financial charges: +€2,925
- Staff costs +€3,345
up €3,345 (+5.4%), from €61,911 to €65,256
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 | €456,096 | €286,654 | -€169,442 | -37.2% |
| Fixed assets | 21/28 | €173,744 | €141,770 | -€31,974 | -18.4% |
| Tangible fixed assets | 22/27 | €167,264 | €135,290 | -€31,974 | -19.1% |
| Plant, machinery and equipment | 23 | €161,599 | €131,702 | -€29,897 | -18.5% |
| Furniture and vehicles | 24 | €5,665 | €3,588 | -€2,077 | -36.7% |
| Financial fixed assets | 28 | €6,480 | €6,480 | = | 0.0% |
| Current assets | 29/58 | €282,352 | €144,884 | -€137,468 | -48.7% |
| Stocks and contracts in progress | 3 | €130,000 | €25,000 | -€105,000 | -80.8% |
| Stocks | 30/36 | €130,000 | €25,000 | -€105,000 | -80.8% |
| Amounts receivable within one year | 40/41 | €95,575 | €116,141 | +€20,566 | +21.5% |
| Trade receivables | 40 | €23,575 | €23,141 | -€434 | -1.8% |
| Other amounts receivable | 41 | €72,000 | €93,000 | +€21,000 | +29.2% |
| Cash at bank and in hand | 54/58 | €56,777 | €3,743 | -€53,034 | -93.4% |
| Total equity and liabilities | 10/49 | €456,096 | €286,654 | -€169,442 | -37.2% |
| Equity | 10/15 | -€25,720 | -€196,404 | -€170,684 | -663.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €363,842 | €363,842 | = | 0.0% |
| Distributable reserves | 133 | €363,842 | €363,842 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,562 | -€585,246 | -€170,684 | -41.2% |
| Amounts payable | 17/49 | €481,816 | €483,058 | +€1,242 | +0.3% |
| Amounts payable after more than one year | 17 | €79,149 | €22,322 | -€56,827 | -71.8% |
| Financial debts | 170/4 | €79,149 | €22,322 | -€56,827 | -71.8% |
| Amounts payable within one year | 42/48 | €402,667 | €460,736 | +€58,069 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €64,605 | €56,826 | -€7,779 | -12.0% |
| Trade debts | 44 | €24,259 | €1,249 | -€23,010 | -94.9% |
| Suppliers | 440/4 | €24,259 | €1,249 | -€23,010 | -94.9% |
| Taxes, remuneration and social security | 45 | €313,610 | €332,578 | +€18,968 | +6.0% |
| Taxes | 450/3 | €299,398 | €329,795 | +€30,397 | +10.2% |
| Remuneration and social security | 454/9 | €14,212 | €2,783 | -€11,429 | -80.4% |
| Other amounts payable | 47/48 | €193 | €70,083 | +€69,890 | +36212.4% |
| Remuneration, social security and pensions | 62 | €61,911 | €65,256 | +€3,345 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,876 | €45,669 | +€10,793 | +30.9% |
| Other operating charges | 640/8 | €3,318 | €8,444 | +€5,126 | +154.5% |
| Gross operating margin | 9900 | -€239,915 | -€37,563 | +€202,352 | +84.3% |
| Operating profit (loss) | 9901 | -€340,020 | -€156,932 | +€183,088 | +53.8% |
| Financial charges | 65/66B | €8,831 | €13,416 | +€4,585 | +51.9% |
| Recurring financial charges | 65 | €8,831 | €10,491 | +€1,660 | +18.8% |
| Non-recurring financial charges | 66B | - | €2,925 | +€2,925 | |
| Profit (loss) for the period before taxes | 9903 | -€348,851 | -€170,348 | +€178,503 | +51.2% |
| Income taxes | 67/77 | €328 | €335 | +€7 | +2.1% |
| Profit (loss) for the period | 9904 | -€349,179 | -€170,683 | +€178,496 | +51.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€349,179 | -€170,683 | +€178,496 | +51.1% |
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.