ENG: 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.
ENG
Largest movements
- Receivables within one year +€44,554
up €44,554 (+349%), from €12,764 to €57,318
of which Trade receivables: +€42,115
- Deferred charges and accrued income -€9,722
down €9,722 (-54.8%), from €17,742 to €8,021
- Tangible fixed assets -€4,771
down €4,771 (-53.2%), from €8,970 to €4,199
of which Furniture and vehicles: -€3,940
- Trade debts +€13,252
up €13,252 (+179%), from €7,407 to €20,659
- Profit (loss) carried forward +€10,356
up €10,356 (+124%), from €8,330 to €18,686
- Tax, wage and social debts +€6,702
up €6,702 (+87.2%), from €7,688 to €14,389
- Gross operating margin -€4,028
down €4,028 (-10.5%), from €38,521 to €34,492
- Depreciation -€2,383
down €2,383 (-42.3%), from €5,639 to €3,256
- Financial charges -€1,823
down €1,823 (-17.4%), from €10,487 to €8,665
- Taxes +€1,429
up €1,429 (+25.5%), from €5,599 to €7,028
- Other operating charges -€418
down €418 (-10.9%), from €3,825 to €3,407
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 | €71,080 | €100,581 | +€29,501 | +41.5% |
| Fixed assets | 21/28 | €9,587 | €4,816 | -€4,771 | -49.8% |
| Tangible fixed assets | 22/27 | €8,970 | €4,199 | -€4,771 | -53.2% |
| Plant, machinery and equipment | 23 | €3,946 | €3,116 | -€831 | -21.1% |
| Furniture and vehicles | 24 | €5,024 | €1,083 | -€3,940 | -78.4% |
| Financial fixed assets | 28 | €617 | €617 | = | 0.0% |
| Current assets | 29/58 | €61,492 | €95,765 | +€34,273 | +55.7% |
| Amounts receivable within one year | 40/41 | €12,764 | €57,318 | +€44,554 | +349% |
| Trade receivables | 40 | €12,719 | €54,834 | +€42,115 | +331% |
| Other amounts receivable | 41 | €45 | €2,484 | +€2,439 | +5,420% |
| Cash at bank and in hand | 54/58 | €30,986 | €30,427 | -€560 | -1.8% |
| Deferred charges and accrued income | 490/1 | €17,742 | €8,021 | -€9,722 | -54.8% |
| Total equity and liabilities | 10/49 | €71,080 | €100,581 | +€29,501 | +41.5% |
| Equity | 10/15 | €55,177 | €65,533 | +€10,356 | +18.8% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €44,986 | €44,986 | = | 0.0% |
| Distributable reserves | 133 | €44,986 | €44,986 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,330 | €18,686 | +€10,356 | +124% |
| Amounts payable | 17/49 | €15,903 | €35,049 | +€19,146 | +120% |
| Amounts payable within one year | 42/48 | €15,903 | €35,049 | +€19,146 | +120% |
| Trade debts | 44 | €7,407 | €20,659 | +€13,252 | +179% |
| Suppliers | 440/4 | €7,407 | €20,659 | +€13,252 | +179% |
| Taxes, remuneration and social security | 45 | €7,688 | €14,389 | +€6,702 | +87.2% |
| Taxes | 450/3 | €7,688 | €14,389 | +€6,702 | +87.2% |
| Other amounts payable | 47/48 | €808 | - | -€808 | |
| Non-recurring operating income | 76A | - | €10,156 | +€10,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,639 | €3,256 | -€2,383 | -42.3% |
| Other operating charges | 640/8 | €3,825 | €3,407 | -€418 | -10.9% |
| Non-recurring operating charges | 66A | - | €1,782 | +€1,782 | |
| Gross operating margin | 9900 | €38,521 | €34,492 | -€4,028 | -10.5% |
| Operating profit (loss) | 9901 | €29,057 | €26,048 | -€3,009 | -10.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €10,487 | €8,665 | -€1,823 | -17.4% |
| Recurring financial charges | 65 | €10,487 | €8,665 | -€1,823 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €18,570 | €17,384 | -€1,186 | -6.4% |
| Income taxes | 67/77 | €5,599 | €7,028 | +€1,429 | +25.5% |
| Profit (loss) for the period | 9904 | €12,971 | €10,356 | -€2,615 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,971 | €10,356 | -€2,615 | -20.2% |
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 14 October 2026 via checked.be.