Filip Vanluydt: 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.
Filip Vanluydt
Largest movements
- Cash -€228,727
down €228,727 (-68.5%), from €333,720 to €104,993
mainly Other debts (-€219,752) and Contributions, distributions and other (-€105,667)
- Tangible fixed assets -€7,279
down €7,279 (-100%), from €7,279 to €0
- Receivables within one year +€4,026
up €4,026 (+14.6%), from €27,504 to €31,530
of which Trade receivables: +€2,376
- Other debts -€219,752
down €219,752 (-66.8%), from €328,944 to €109,192
- Current portion of long-term debt -€7,075
down €7,075 (-65.9%), from €10,735 to €3,660
- Gross operating margin +€22,128
up €22,128 (+19.3%), from €114,658 to €136,787
- Depreciation -€18,834
down €18,834 (-93.4%), from €20,172 to €1,338
- Taxes +€6,345
up €6,345 (+28.4%), from €22,338 to €28,683
- Financial income -€1,371
down €1,371 (-53.9%), from €2,546 to €1,174
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 | €370,032 | €140,435 | -€229,597 | -62.0% |
| Fixed assets | 21/28 | €7,279 | €0 | -€7,279 | -100% |
| Tangible fixed assets | 22/27 | €7,279 | €0 | -€7,279 | -100% |
| Furniture and vehicles | 24 | €7,279 | €0 | -€7,279 | -100% |
| Current assets | 29/58 | €362,753 | €140,435 | -€222,318 | -61.3% |
| Amounts receivable within one year | 40/41 | €27,504 | €31,530 | +€4,026 | +14.6% |
| Trade receivables | 40 | €27,504 | €29,880 | +€2,376 | +8.6% |
| Other amounts receivable | 41 | - | €1,650 | +€1,650 | |
| Cash at bank and in hand | 54/58 | €333,720 | €104,993 | -€228,727 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,529 | €3,912 | +€2,383 | +156% |
| Total equity and liabilities | 10/49 | €370,032 | €140,435 | -€229,597 | -62.0% |
| Equity | 10/15 | €15,000 | €15,000 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €355,032 | €125,435 | -€229,597 | -64.7% |
| Amounts payable after more than one year | 17 | €3,660 | €0 | -€3,660 | -100% |
| Financial debts | 170/4 | €3,660 | €0 | -€3,660 | -100% |
| Amounts payable within one year | 42/48 | €350,584 | €124,935 | -€225,649 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €10,735 | €3,660 | -€7,075 | -65.9% |
| Trade debts | 44 | €122 | €3,356 | +€3,233 | +2,645% |
| Suppliers | 440/4 | €122 | €3,356 | +€3,233 | +2,645% |
| Taxes, remuneration and social security | 45 | €10,783 | €8,728 | -€2,055 | -19.1% |
| Taxes | 450/3 | €10,783 | €8,728 | -€2,055 | -19.1% |
| Other amounts payable | 47/48 | €328,944 | €109,192 | -€219,752 | -66.8% |
| Accrued charges and deferred income | 492/3 | €788 | €500 | -€288 | -36.6% |
| Non-recurring operating income | 76A | - | €9,999 | +€9,999 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,172 | €1,338 | -€18,834 | -93.4% |
| Other operating charges | 640/8 | €1,051 | €720 | -€330 | -31.4% |
| Gross operating margin | 9900 | €114,658 | €136,787 | +€22,128 | +19.3% |
| Operating profit (loss) | 9901 | €93,435 | €134,728 | +€41,293 | +44.2% |
| Financial income | 75/76B | €2,546 | €1,174 | -€1,371 | -53.9% |
| Recurring financial income | 75 | €2,546 | €1,174 | -€1,371 | -53.9% |
| Financial charges | 65/66B | €802 | €1,553 | +€751 | +93.6% |
| Recurring financial charges | 65 | €802 | €1,553 | +€751 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €95,179 | €134,350 | +€39,170 | +41.2% |
| Income taxes | 67/77 | €22,338 | €28,683 | +€6,345 | +28.4% |
| Profit (loss) for the period | 9904 | €72,841 | €105,667 | +€32,826 | +45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €72,841 | €105,667 | +€32,826 | +45.1% |
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 29 October 2026 via checked.be.