Eighty-Eight Management: 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.
Eighty-Eight Management
Largest movements
- Cash -€16,067
down €16,067 (-56.2%), from €28,567 to €12,500
mainly Receivables within one year (-€15,868) and Investment in fixed assets (net) (-€5,857)
- Receivables within one year +€15,868
up €15,868 (+169%), from €9,390 to €25,259
of which Trade receivables: +€12,530
- Tangible fixed assets -€4,311
down €4,311 (-30.9%), from €13,969 to €9,657
- Debts after one year -€4,247
no longer reported in 2025 (was €4,247)
- Profit (loss) carried forward +€2,458
up €2,458 (+14.0%), from €17,554 to €20,012
- Current portion of long-term debt -€1,854
down €1,854 (-30.4%), from €6,101 to €4,247
- Tax, wage and social debts -€657
down €657 (-17.7%), from €3,706 to €3,049
- Gross operating margin -€1,879
down €1,879 (-10.7%), from €17,560 to €15,681
- Depreciation +€1,615
up €1,615 (+18.9%), from €8,553 to €10,168
- Taxes -€657
down €657 (-20.8%), from €3,156 to €2,499
- Financial charges -€283
down €283 (-33.7%), from €838 to €556
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 | €53,662 | €48,874 | -€4,788 | -8.9% |
| Fixed assets | 21/28 | €13,969 | €9,657 | -€4,311 | -30.9% |
| Tangible fixed assets | 22/27 | €13,969 | €9,657 | -€4,311 | -30.9% |
| Furniture and vehicles | 24 | €13,969 | €9,657 | -€4,311 | -30.9% |
| Current assets | 29/58 | €39,693 | €39,216 | -€477 | -1.2% |
| Amounts receivable within one year | 40/41 | €9,390 | €25,259 | +€15,868 | +169% |
| Trade receivables | 40 | €8,470 | €21,000 | +€12,530 | +148% |
| Other amounts receivable | 41 | €920 | €4,259 | +€3,338 | +363% |
| Cash at bank and in hand | 54/58 | €28,567 | €12,500 | -€16,067 | -56.2% |
| Deferred charges and accrued income | 490/1 | €1,736 | €1,458 | -€278 | -16.0% |
| Total equity and liabilities | 10/49 | €53,662 | €48,874 | -€4,788 | -8.9% |
| Equity | 10/15 | €22,554 | €25,012 | +€2,458 | +10.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,554 | €20,012 | +€2,458 | +14.0% |
| Amounts payable | 17/49 | €31,108 | €23,862 | -€7,246 | -23.3% |
| Amounts payable after more than one year | 17 | €4,247 | - | -€4,247 | |
| Financial debts | 170/4 | €4,247 | - | -€4,247 | |
| Amounts payable within one year | 42/48 | €26,860 | €23,862 | -€2,999 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €6,101 | €4,247 | -€1,854 | -30.4% |
| Trade debts | 44 | €1,163 | €952 | -€210 | -18.1% |
| Suppliers | 440/4 | €1,163 | €952 | -€210 | -18.1% |
| Taxes, remuneration and social security | 45 | €3,706 | €3,049 | -€657 | -17.7% |
| Taxes | 450/3 | €3,706 | €3,049 | -€657 | -17.7% |
| Other amounts payable | 47/48 | €15,891 | €15,613 | -€278 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,553 | €10,168 | +€1,615 | +18.9% |
| Gross operating margin | 9900 | €17,560 | €15,681 | -€1,879 | -10.7% |
| Operating profit (loss) | 9901 | €9,007 | €5,513 | -€3,495 | -38.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €838 | €556 | -€283 | -33.7% |
| Recurring financial charges | 65 | €838 | €556 | -€283 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €8,170 | €4,957 | -€3,213 | -39.3% |
| Income taxes | 67/77 | €3,156 | €2,499 | -€657 | -20.8% |
| Profit (loss) for the period | 9904 | €5,014 | €2,458 | -€2,556 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,014 | €2,458 | -€2,556 | -51.0% |
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 16 October 2026 via checked.be.