EN ROUTE: 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.
EN ROUTE
Largest movements
- Tangible fixed assets -€3,700
down €3,700 (-23.0%), from €16,107 to €12,407
- Cash +€1,268
up €1,268 (+270%), from €469 to €1,737
mainly Other debts (+€6,972) and Depreciation (+€6,322)
- Other debts +€6,972
up €6,972 (+27.7%), from €25,157 to €32,129
- Current portion of long-term debt -€6,132
no longer reported in 2025 (was €6,132)
- Profit (loss) carried forward -€3,559
down €3,559 (-26.8%), from -€13,275 to -€16,834
- Trade debts +€423
up €423 (+13.5%), from €3,125 to €3,548
- Gross operating margin -€7,537
down €7,537 (-64.4%), from €11,700 to €4,163
- Other operating charges +€296
up €296 (+36.2%), from €818 to €1,114
- Depreciation +€282
up €282 (+4.7%), from €6,040 to €6,322
- Financial charges -€231
down €231 (-41.2%), from €561 to €330
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 | €21,139 | €18,843 | -€2,296 | -10.9% |
| Fixed assets | 21/28 | €18,107 | €14,407 | -€3,700 | -20.4% |
| Tangible fixed assets | 22/27 | €16,107 | €12,407 | -€3,700 | -23.0% |
| Furniture and vehicles | 24 | €16,107 | €12,407 | -€3,700 | -23.0% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €3,032 | €4,436 | +€1,404 | +46.3% |
| Amounts receivable within one year | 40/41 | €2,563 | €2,699 | +€136 | +5.3% |
| Trade receivables | 40 | €2,076 | €2,491 | +€415 | +20.0% |
| Other amounts receivable | 41 | €487 | €208 | -€279 | -57.3% |
| Cash at bank and in hand | 54/58 | €469 | €1,737 | +€1,268 | +270% |
| Total equity and liabilities | 10/49 | €21,139 | €18,843 | -€2,296 | -10.9% |
| Equity | 10/15 | -€13,275 | -€16,834 | -€3,559 | -26.8% |
| Profit (loss) carried forward | 14 | -€13,275 | -€16,834 | -€3,559 | -26.8% |
| Amounts payable | 17/49 | €34,414 | €35,677 | +€1,263 | +3.7% |
| Amounts payable within one year | 42/48 | €34,414 | €35,677 | +€1,263 | +3.7% |
| Current portion of amounts payable after more than one year | 42 | €6,132 | - | -€6,132 | |
| Trade debts | 44 | €3,125 | €3,548 | +€423 | +13.5% |
| Suppliers | 440/4 | €3,125 | €3,548 | +€423 | +13.5% |
| Other amounts payable | 47/48 | €25,157 | €32,129 | +€6,972 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,040 | €6,322 | +€282 | +4.7% |
| Other operating charges | 640/8 | €818 | €1,114 | +€296 | +36.2% |
| Gross operating margin | 9900 | €11,700 | €4,163 | -€7,537 | -64.4% |
| Operating profit (loss) | 9901 | €4,842 | -€3,273 | -€8,115 | |
| Financial income | 75/76B | €18 | €44 | +€26 | +144% |
| Recurring financial income | 75 | €18 | €44 | +€26 | +144% |
| Financial charges | 65/66B | €561 | €330 | -€231 | -41.2% |
| Recurring financial charges | 65 | €561 | €330 | -€231 | -41.2% |
| Profit (loss) for the period before taxes | 9903 | €4,299 | -€3,559 | -€7,858 | |
| Profit (loss) for the period | 9904 | €4,299 | -€3,559 | -€7,858 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,299 | -€3,559 | -€7,858 |
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 19 October 2026 via checked.be.