FACTS: 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.
FACTS
Largest movements
- Cash +€735,991
up €735,991 (+366.9%), from €200,614 to €936,605
mainly Receivables within one year (+€470,363) and Net result for the year (+€276,581)
- Receivables within one year -€470,363
down €470,363 (-96.6%), from €486,789 to €16,426
of which Trade receivables: -€470,312
- Tangible fixed assets -€33,895
down €33,895 (-17.7%), from €191,146 to €157,251
of which Other tangible fixed assets: -€30,143
- Profit (loss) carried forward +€176,581
up €176,581 (+28.0%), from €629,857 to €806,438
- Other debts +€70,750
up €70,750 (+235.8%), from €30,000 to €100,750
- Trade debts -€63,752
down €63,752 (-69.2%), from €92,130 to €28,378
- Tax, wage and social debts +€41,633
up €41,633 (+41.3%), from €100,777 to €142,410
of which Taxes: +€38,663
- Gross operating margin +€301,733
up €301,733 (+35.1%), from €858,757 to €1.2m
- Taxes +€39,844
up €39,844 (+3138.0%), from €1,270 to €41,114
- Staff costs +€27,182
up €27,182 (+3.6%), from €753,411 to €780,593
- Depreciation -€15,121
down €15,121 (-22.8%), from €66,396 to €51,275
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 | €1,032,874 | €1,258,086 | +€225,212 | +21.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €344,406 | €298,631 | -€45,775 | -13.3% |
| Intangible fixed assets | 21 | €73,260 | €61,380 | -€11,880 | -16.2% |
| Tangible fixed assets | 22/27 | €191,146 | €157,251 | -€33,895 | -17.7% |
| Plant, machinery and equipment | 23 | €4,415 | €6,920 | +€2,505 | +56.7% |
| Furniture and vehicles | 24 | €20,783 | €14,525 | -€6,257 | -30.1% |
| Other tangible fixed assets | 26 | €165,949 | €135,806 | -€30,143 | -18.2% |
| Financial fixed assets | 28 | €80,000 | €80,000 | = | 0.0% |
| Current assets | 29/58 | €688,468 | €959,454 | +€270,987 | +39.4% |
| Amounts receivable within one year | 40/41 | €486,789 | €16,426 | -€470,363 | -96.6% |
| Trade receivables | 40 | €486,559 | €16,247 | -€470,312 | -96.7% |
| Other amounts receivable | 41 | €230 | €179 | -€51 | -22.1% |
| Cash at bank and in hand | 54/58 | €200,614 | €936,605 | +€735,991 | +366.9% |
| Deferred charges and accrued income | 490/1 | €1,064 | €6,423 | +€5,359 | +503.5% |
| Total equity and liabilities | 10/49 | €1,032,874 | €1,258,086 | +€225,212 | +21.8% |
| Equity | 10/15 | €809,967 | €986,548 | +€176,581 | +21.8% |
| Contributions | 10/11 | €170,100 | €170,100 | = | 0.0% |
| Reserves | 13 | €10,010 | €10,010 | = | 0.0% |
| Distributable reserves | 133 | €10,010 | €10,010 | = | 0.0% |
| Profit (loss) carried forward | 14 | €629,857 | €806,438 | +€176,581 | +28.0% |
| Amounts payable | 17/49 | €222,907 | €271,538 | +€48,631 | +21.8% |
| Amounts payable within one year | 42/48 | €222,907 | €271,538 | +€48,631 | +21.8% |
| Trade debts | 44 | €92,130 | €28,378 | -€63,752 | -69.2% |
| Suppliers | 440/4 | €92,130 | €28,378 | -€63,752 | -69.2% |
| Taxes, remuneration and social security | 45 | €100,777 | €142,410 | +€41,633 | +41.3% |
| Taxes | 450/3 | €22,494 | €61,157 | +€38,663 | +171.9% |
| Remuneration and social security | 454/9 | €78,283 | €81,253 | +€2,970 | +3.8% |
| Other amounts payable | 47/48 | €30,000 | €100,750 | +€70,750 | +235.8% |
| Remuneration, social security and pensions | 62 | €753,411 | €780,593 | +€27,182 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,396 | €51,275 | -€15,121 | -22.8% |
| Other operating charges | 640/8 | €262 | €209 | -€53 | -20.2% |
| Gross operating margin | 9900 | €858,757 | €1,160,490 | +€301,733 | +35.1% |
| Operating profit (loss) | 9901 | €38,689 | €328,413 | +€289,725 | +748.9% |
| Financial charges | 65/66B | €6,359 | €10,718 | +€4,359 | +68.5% |
| Recurring financial charges | 65 | €6,359 | €10,718 | +€4,359 | +68.5% |
| Profit (loss) for the period before taxes | 9903 | €32,330 | €317,695 | +€285,366 | +882.7% |
| Income taxes | 67/77 | €1,270 | €41,114 | +€39,844 | +3138.0% |
| Profit (loss) for the period | 9904 | €31,060 | €276,581 | +€245,521 | +790.5% |
| Profit (loss) for the period to be appropriated | 9905 | €31,060 | €276,581 | +€245,521 | +790.5% |
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 11 October 2026 via checked.be.