FENOMENO: 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.
FENOMENO
Largest movements
- Cash -€8,473
down €8,473 (-24.6%), from €34,377 to €25,904
mainly Tax, wage and social debts (-€9,071) and Receivables within one year (-€3,811)
- Receivables within one year +€3,811
up €3,811 (+50.0%), from €7,623 to €11,434
of which Trade receivables: +€3,057
- Tangible fixed assets -€3,172
down €3,172 (-22.9%), from €13,821 to €10,650
of which Plant, machinery and equipment: -€2,941
- Deferred charges and accrued income -€3,035
down €3,035 (-100%), from €3,035 to €0
- Tax, wage and social debts -€9,071
down €9,071 (-87.6%), from €10,360 to €1,289
- Trade debts +€3,428
up €3,428 (+54.9%), from €6,239 to €9,667
- Other debts -€3,032
down €3,032 (-29.2%), from €10,379 to €7,347
- Profit (loss) carried forward -€1,959
down €1,959 (-82.5%), from -€2,374 to -€4,333
- Gross operating margin -€6,487
down €6,487 (-27.1%), from €23,947 to €17,460
- Depreciation -€5,669
down €5,669 (-52.0%), from €10,906 to €5,237
- Other operating charges -€1,500
down €1,500 (-10.1%), from €14,820 to €13,320
- Financial charges +€267
up €267 (+59.8%), from €447 to €714
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 | €59,140 | €47,988 | -€11,152 | -18.9% |
| Fixed assets | 21/28 | €13,821 | €10,650 | -€3,172 | -22.9% |
| Tangible fixed assets | 22/27 | €13,821 | €10,650 | -€3,172 | -22.9% |
| Plant, machinery and equipment | 23 | €6,942 | €4,001 | -€2,941 | -42.4% |
| Furniture and vehicles | 24 | €6,879 | €6,648 | -€230 | -3.3% |
| Current assets | 29/58 | €45,319 | €37,338 | -€7,980 | -17.6% |
| Stocks and contracts in progress | 3 | €283 | €0 | -€283 | -100% |
| Stocks | 30/36 | €283 | €0 | -€283 | -100% |
| Amounts receivable within one year | 40/41 | €7,623 | €11,434 | +€3,811 | +50.0% |
| Trade receivables | 40 | €6,508 | €9,565 | +€3,057 | +47.0% |
| Other amounts receivable | 41 | €1,115 | €1,869 | +€754 | +67.6% |
| Cash at bank and in hand | 54/58 | €34,377 | €25,904 | -€8,473 | -24.6% |
| Deferred charges and accrued income | 490/1 | €3,035 | €0 | -€3,035 | -100% |
| Total equity and liabilities | 10/49 | €59,140 | €47,988 | -€11,152 | -18.9% |
| Equity | 10/15 | €31,588 | €29,629 | -€1,959 | -6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €21,562 | €21,562 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €21,562 | €21,562 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,374 | -€4,333 | -€1,959 | -82.5% |
| Amounts payable | 17/49 | €27,552 | €18,359 | -€9,193 | -33.4% |
| Amounts payable within one year | 42/48 | €27,552 | €18,359 | -€9,193 | -33.4% |
| Financial debts | 43 | €574 | €56 | -€518 | -90.3% |
| Credit institutions | 430/8 | €574 | €56 | -€518 | -90.3% |
| Trade debts | 44 | €6,239 | €9,667 | +€3,428 | +54.9% |
| Suppliers | 440/4 | €6,239 | €9,667 | +€3,428 | +54.9% |
| Taxes, remuneration and social security | 45 | €10,360 | €1,289 | -€9,071 | -87.6% |
| Taxes | 450/3 | €10,360 | €1,289 | -€9,071 | -87.6% |
| Other amounts payable | 47/48 | €10,379 | €7,347 | -€3,032 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,906 | €5,237 | -€5,669 | -52.0% |
| Other operating charges | 640/8 | €14,820 | €13,320 | -€1,500 | -10.1% |
| Non-recurring operating charges | 66A | €27 | €0 | -€27 | -100% |
| Gross operating margin | 9900 | €23,947 | €17,460 | -€6,487 | -27.1% |
| Operating profit (loss) | 9901 | -€1,805 | -€1,097 | +€709 | +39.2% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €447 | €714 | +€267 | +59.8% |
| Recurring financial charges | 65 | €447 | €714 | +€267 | +59.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,247 | -€1,811 | +€437 | +19.4% |
| Income taxes | 67/77 | €127 | €149 | +€22 | +17.1% |
| Profit (loss) for the period | 9904 | -€2,374 | -€1,959 | +€415 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,374 | -€1,959 | +€415 | +17.5% |
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 24 October 2026 via checked.be.