EN VUE: 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 VUE
Largest movements
- Cash +€204,619
up €204,619 (+300%), from €68,128 to €272,747
mainly Other debts (+€93,346) and Net result for the year (+€60,030)
- Tangible fixed assets +€14,263
up €14,263 (+31.0%), from €46,012 to €60,275
of which Plant, machinery and equipment: +€18,929
- Stocks and contracts +€7,159
up €7,159 (+6.7%), from €106,421 to €113,580
- Other debts +€93,346
new in 2025: €93,346
- Profit (loss) carried forward +€60,030
up €60,030 (+30.2%), from €198,952 to €258,982
- Trade debts +€54,178
up €54,178 (+805%), from €6,727 to €60,905
- Tax, wage and social debts +€17,386
up €17,386 (+3,045%), from €571 to €17,957
of which Taxes: +€15,004
- Gross operating margin +€13,132
up €13,132 (+6.3%), from €207,929 to €221,061
- Depreciation -€12,324
down €12,324 (-45.7%), from €26,946 to €14,622
- Taxes +€5,647
up €5,647 (+36.6%), from €15,442 to €21,089
- Staff costs +€3,118
up €3,118 (+2.6%), from €121,583 to €124,701
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 | €226,710 | €451,650 | +€224,940 | +99.2% |
| Fixed assets | 21/28 | €46,405 | €60,507 | +€14,102 | +30.4% |
| Intangible fixed assets | 21 | €268 | €0 | -€268 | -100% |
| Tangible fixed assets | 22/27 | €46,012 | €60,275 | +€14,263 | +31.0% |
| Plant, machinery and equipment | 23 | €36,232 | €55,161 | +€18,929 | +52.2% |
| Furniture and vehicles | 24 | €9,780 | €5,114 | -€4,666 | -47.7% |
| Financial fixed assets | 28 | €125 | €232 | +€107 | +85.8% |
| Current assets | 29/58 | €180,305 | €391,143 | +€210,838 | +117% |
| Stocks and contracts in progress | 3 | €106,421 | €113,580 | +€7,159 | +6.7% |
| Stocks | 30/36 | €106,421 | €113,580 | +€7,159 | +6.7% |
| Amounts receivable within one year | 40/41 | €5,756 | €4,116 | -€1,640 | -28.5% |
| Trade receivables | 40 | €2,266 | €4,116 | +€1,850 | +81.6% |
| Other amounts receivable | 41 | €3,490 | €0 | -€3,490 | -100% |
| Cash at bank and in hand | 54/58 | €68,128 | €272,747 | +€204,619 | +300% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €226,710 | €451,650 | +€224,940 | +99.2% |
| Equity | 10/15 | €219,412 | €279,442 | +€60,030 | +27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €198,952 | €258,982 | +€60,030 | +30.2% |
| Amounts payable | 17/49 | €7,298 | €172,208 | +€164,910 | +2,260% |
| Amounts payable within one year | 42/48 | €7,298 | €172,208 | +€164,910 | +2,260% |
| Trade debts | 44 | €6,727 | €60,905 | +€54,178 | +805% |
| Suppliers | 440/4 | €6,727 | €60,905 | +€54,178 | +805% |
| Taxes, remuneration and social security | 45 | €571 | €17,957 | +€17,386 | +3,045% |
| Taxes | 450/3 | €571 | €15,575 | +€15,004 | +2,628% |
| Remuneration and social security | 454/9 | - | €2,382 | +€2,382 | |
| Other amounts payable | 47/48 | - | €93,346 | +€93,346 | |
| Non-recurring operating income | 76A | €4,102 | €0 | -€4,102 | -100% |
| Remuneration, social security and pensions | 62 | €121,583 | €124,701 | +€3,118 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,946 | €14,622 | -€12,324 | -45.7% |
| Other operating charges | 640/8 | €850 | €700 | -€150 | -17.7% |
| Gross operating margin | 9900 | €207,929 | €221,061 | +€13,132 | +6.3% |
| Operating profit (loss) | 9901 | €58,550 | €81,037 | +€22,487 | +38.4% |
| Financial income | 75/76B | €1,690 | €2,196 | +€506 | +30.0% |
| Recurring financial income | 75 | €1,690 | €2,196 | +€506 | +30.0% |
| Financial charges | 65/66B | €2,256 | €2,115 | -€141 | -6.3% |
| Recurring financial charges | 65 | €2,256 | €2,115 | -€141 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €57,984 | €81,119 | +€23,135 | +39.9% |
| Income taxes | 67/77 | €15,442 | €21,089 | +€5,647 | +36.6% |
| Profit (loss) for the period | 9904 | €42,542 | €60,030 | +€17,488 | +41.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,542 | €60,030 | +€17,488 | +41.1% |
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.