FIN-K: what changed
Two fiscal 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.
FIN-K
Largest movements
- Stocks and contracts +€2.3m
up €2.3m (+186.7%), from €1.2m to €3.6m
- Cash -€83,314
down €83,314 (-47.2%), from €176,400 to €93,086
mainly Stocks and contracts (-€2.3m) and Net result for the year (-€62,156)
- Receivables within one year +€57,400
up €57,400 (+194.8%), from €29,472 to €86,872
- Debts after one year +€2.2m
up €2.2m (+157.1%), from €1.4m to €3.6m
- Trade debts +€100,224
up €100,224 (+1751.3%), from €5,723 to €105,946
- Profit (loss) carried forward -€62,156
down €62,156 (-62.8%), from -€99,018 to -€161,173
- Accrued charges and deferred income +€56,988
up €56,988 (+46.2%), from €123,352 to €180,340
- Financial charges +€11,190
up €11,190 (+24.3%), from €46,047 to €57,237
- Gross operating margin -€2,106
down €2,106 (-108.7%), from -€1,937 to -€4,042
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 | €1,449,396 | €3,744,800 | +€2.3m | +158.4% |
| Current assets | 29/58 | €1,449,396 | €3,744,800 | +€2.3m | +158.4% |
| Stocks and contracts in progress | 3 | €1,243,524 | €3,564,817 | +€2.3m | +186.7% |
| Stocks | 30/36 | €1,243,524 | €3,564,817 | +€2.3m | +186.7% |
| Amounts receivable within one year | 40/41 | €29,472 | €86,872 | +€57,400 | +194.8% |
| Other amounts receivable | 41 | €29,472 | €86,872 | +€57,400 | +194.8% |
| Cash at bank and in hand | 54/58 | €176,400 | €93,086 | -€83,314 | -47.2% |
| Deferred charges and accrued income | 490/1 | - | €25 | +€25 | |
| Total equity and liabilities | 10/49 | €1,449,396 | €3,744,800 | +€2.3m | +158.4% |
| Equity | 10/15 | -€80,418 | -€142,573 | -€62,156 | -77.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€99,018 | -€161,173 | -€62,156 | -62.8% |
| Amounts payable | 17/49 | €1,529,814 | €3,887,373 | +€2.4m | +154.1% |
| Amounts payable after more than one year | 17 | €1,400,000 | €3,600,000 | +€2.2m | +157.1% |
| Financial debts | 170/4 | €1,400,000 | €3,600,000 | +€2.2m | +157.1% |
| Amounts payable within one year | 42/48 | €6,461 | €107,033 | +€100,572 | +1556.5% |
| Trade debts | 44 | €5,723 | €105,946 | +€100,224 | +1751.3% |
| Suppliers | 440/4 | €5,723 | €105,946 | +€100,224 | +1751.3% |
| Other amounts payable | 47/48 | €739 | €1,087 | +€348 | +47.1% |
| Accrued charges and deferred income | 492/3 | €123,352 | €180,340 | +€56,988 | +46.2% |
| Other operating charges | 640/8 | €876 | €883 | +€7 | +0.8% |
| Gross operating margin | 9900 | -€1,937 | -€4,042 | -€2,106 | -108.7% |
| Operating profit (loss) | 9901 | -€2,813 | -€4,926 | -€2,113 | -75.1% |
| Financial income | 75/76B | €7 | €6 | -€1 | -13.4% |
| Recurring financial income | 75 | €7 | €6 | -€1 | -13.4% |
| Financial charges | 65/66B | €46,047 | €57,237 | +€11,190 | +24.3% |
| Recurring financial charges | 65 | €46,047 | €57,237 | +€11,190 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | -€48,852 | -€62,156 | -€13,304 | -27.2% |
| Profit (loss) for the period | 9904 | -€48,852 | -€62,156 | -€13,304 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,852 | -€62,156 | -€13,304 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.