EVOLUTION LOGIQUE: 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.
EVOLUTION LOGIQUE
Largest movements
- Cash -€201,353
down €201,353 (-85.8%), from €234,757 to €33,404
mainly Tax, wage and social debts (-€103,878) and Receivables within one year (-€47,972)
- Receivables within one year +€47,972
up €47,972 (+8.4%), from €572,874 to €620,846
of which Other amounts receivable: +€37,489
- Tangible fixed assets -€19,168
down €19,168 (-14.8%), from €129,317 to €110,149
of which Furniture and vehicles: -€19,068
- Tax, wage and social debts -€103,878
down €103,878 (-97.7%), from €106,289 to €2,411
of which Taxes: -€82,497
- Trade debts -€39,734
down €39,734 (-38.9%), from €102,076 to €62,342
- Other debts -€22,000
down €22,000 (-48.9%), from €45,000 to €23,000
- Accrued charges and deferred income +€13,125
up €13,125 (+1356.6%), from €968 to €14,093
- Taxes -€84,669
down €84,669 (-96.6%), from €87,627 to €2,958
- Gross operating margin +€29,079
up €29,079, from -€27,210 to €1,869
- Financial income -€10,948
down €10,948 (-43.6%), from €25,099 to €14,150
- Depreciation -€5,376
down €5,376 (-20.7%), from €25,922 to €20,546
- Other operating charges -€1,223
down €1,223 (-28.0%), from €4,364 to €3,142
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 | €1,244,828 | €1,072,338 | -€172,490 | -13.9% |
| Fixed assets | 21/28 | €133,317 | €114,149 | -€19,168 | -14.4% |
| Tangible fixed assets | 22/27 | €129,317 | €110,149 | -€19,168 | -14.8% |
| Land and buildings | 22 | €72,887 | €72,887 | = | 0.0% |
| Plant, machinery and equipment | 23 | €3,249 | €3,150 | -€100 | -3.1% |
| Furniture and vehicles | 24 | €53,180 | €34,112 | -€19,068 | -35.9% |
| Financial fixed assets | 28 | €4,000 | €4,000 | = | 0.0% |
| Current assets | 29/58 | €1,111,512 | €958,189 | -€153,323 | -13.8% |
| Amounts receivable within one year | 40/41 | €572,874 | €620,846 | +€47,972 | +8.4% |
| Trade receivables | 40 | €43,119 | €53,603 | +€10,483 | +24.3% |
| Other amounts receivable | 41 | €529,754 | €567,244 | +€37,489 | +7.1% |
| Current investments | 50/53 | €300,000 | €300,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €234,757 | €33,404 | -€201,353 | -85.8% |
| Deferred charges and accrued income | 490/1 | €3,881 | €3,939 | +€58 | +1.5% |
| Total equity and liabilities | 10/49 | €1,244,828 | €1,072,338 | -€172,490 | -13.9% |
| Equity | 10/15 | €966,380 | €955,040 | -€11,340 | -1.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €960,175 | €960,175 | = | 0.0% |
| Distributable reserves | 133 | €960,175 | €960,175 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,340 | -€11,340 | |
| Amounts payable | 17/49 | €278,448 | €117,298 | -€161,150 | -57.9% |
| Amounts payable after more than one year | 17 | €15,451 | €6,668 | -€8,784 | -56.8% |
| Financial debts | 170/4 | €15,451 | €6,668 | -€8,784 | -56.8% |
| Amounts payable within one year | 42/48 | €262,029 | €96,537 | -€165,492 | -63.2% |
| Current portion of amounts payable after more than one year | 42 | €8,664 | €8,784 | +€120 | +1.4% |
| Trade debts | 44 | €102,076 | €62,342 | -€39,734 | -38.9% |
| Suppliers | 440/4 | €102,076 | €62,342 | -€39,734 | -38.9% |
| Taxes, remuneration and social security | 45 | €106,289 | €2,411 | -€103,878 | -97.7% |
| Taxes | 450/3 | €84,908 | €2,411 | -€82,497 | -97.2% |
| Remuneration and social security | 454/9 | €21,381 | - | -€21,381 | |
| Other amounts payable | 47/48 | €45,000 | €23,000 | -€22,000 | -48.9% |
| Accrued charges and deferred income | 492/3 | €968 | €14,093 | +€13,125 | +1356.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,922 | €20,546 | -€5,376 | -20.7% |
| Other operating charges | 640/8 | €4,364 | €3,142 | -€1,223 | -28.0% |
| Gross operating margin | 9900 | -€27,210 | €1,869 | +€29,079 | |
| Operating profit (loss) | 9901 | -€57,497 | -€21,819 | +€35,678 | +62.1% |
| Financial income | 75/76B | €25,099 | €14,150 | -€10,948 | -43.6% |
| Recurring financial income | 75 | €25,099 | €14,150 | -€10,948 | -43.6% |
| Financial charges | 65/66B | €621 | €713 | +€92 | +14.8% |
| Recurring financial charges | 65 | €621 | €713 | +€92 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,019 | -€8,382 | +€24,637 | +74.6% |
| Transfer from deferred taxes | 780 | €70,000 | - | -€70,000 | |
| Income taxes | 67/77 | €87,627 | €2,958 | -€84,669 | -96.6% |
| Profit (loss) for the period | 9904 | -€50,646 | -€11,340 | +€39,306 | +77.6% |
| Transfer from tax-exempt reserves | 789 | €210,000 | - | -€210,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,354 | -€11,340 | -€170,694 |
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 10 October 2026 via checked.be.