Finer: 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.
Finer
Largest movements
- Receivables within one year +€17,298
up €17,298 (+16.8%), from €102,965 to €120,263
of which Trade receivables: +€8,999
- Cash -€14,181
down €14,181 (-77.8%), from €18,229 to €4,049
mainly Tax, wage and social debts (-€20,672) and Trade debts (-€17,951)
- Profit (loss) carried forward +€37,512
up €37,512 (+82.8%), from €45,304 to €82,816
- Tax, wage and social debts -€20,672
down €20,672 (-37.3%), from €55,352 to €34,680
- Trade debts -€17,951
down €17,951 (-82.8%), from €21,691 to €3,740
- Debts after one year +€5,484
up €5,484 (+3.9%), from €140,863 to €146,347
- Gross operating margin -€14,186
down €14,186 (-18.8%), from €75,473 to €61,288
- Financial charges -€2,779
down €2,779 (-17.8%), from €15,634 to €12,855
- Financial income +€2,263
up €2,263 (+23.4%), from €9,655 to €11,918
- Taxes -€823
down €823 (-3.7%), from €22,010 to €21,187
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 | €484,791 | €490,646 | +€5,855 | +1.2% |
| Fixed assets | 21/28 | €68,515 | €69,554 | +€1,039 | +1.5% |
| Tangible fixed assets | 22/27 | €68,515 | €69,554 | +€1,039 | +1.5% |
| Plant, machinery and equipment | 23 | €515 | €190 | -€325 | -63.1% |
| Furniture and vehicles | 24 | - | €1,364 | +€1,364 | |
| Other tangible fixed assets | 26 | €68,000 | €68,000 | = | 0.0% |
| Current assets | 29/58 | €416,276 | €421,092 | +€4,817 | +1.2% |
| Amounts receivable after more than one year | 29 | €282,590 | €282,590 | = | 0.0% |
| Other amounts receivable | 291 | €282,590 | €282,590 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €102,965 | €120,263 | +€17,298 | +16.8% |
| Trade receivables | 40 | €2,300 | €11,299 | +€8,999 | +391.3% |
| Other amounts receivable | 41 | €100,665 | €108,964 | +€8,299 | +8.2% |
| Cash at bank and in hand | 54/58 | €18,229 | €4,049 | -€14,181 | -77.8% |
| Deferred charges and accrued income | 490/1 | €12,492 | €14,190 | +€1,699 | +13.6% |
| Total equity and liabilities | 10/49 | €484,791 | €490,646 | +€5,855 | +1.2% |
| Equity | 10/15 | €264,829 | €302,340 | +€37,512 | +14.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €69,524 | €69,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €130 | €130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €130 | €130 | = | 0.0% |
| Distributable reserves | 133 | €69,395 | €69,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,304 | €82,816 | +€37,512 | +82.8% |
| Amounts payable | 17/49 | €219,962 | €188,306 | -€31,656 | -14.4% |
| Amounts payable after more than one year | 17 | €140,863 | €146,347 | +€5,484 | +3.9% |
| Financial debts | 170/4 | €140,863 | €146,347 | +€5,484 | +3.9% |
| Amounts payable within one year | 42/48 | €79,099 | €41,959 | -€37,140 | -47.0% |
| Current portion of amounts payable after more than one year | 42 | €2,057 | €0 | -€2,057 | -100.0% |
| Trade debts | 44 | €21,691 | €3,740 | -€17,951 | -82.8% |
| Suppliers | 440/4 | €21,691 | €3,740 | -€17,951 | -82.8% |
| Taxes, remuneration and social security | 45 | €55,352 | €34,680 | -€20,672 | -37.3% |
| Taxes | 450/3 | €55,352 | €34,680 | -€20,672 | -37.3% |
| Other amounts payable | 47/48 | - | €3,539 | +€3,539 | |
| Non-recurring operating income | 76A | €0 | €5,756 | +€5,756 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €325 | €550 | +€226 | +69.5% |
| Other operating charges | 640/8 | €1,856 | €1,102 | -€754 | -40.6% |
| Gross operating margin | 9900 | €75,473 | €61,288 | -€14,186 | -18.8% |
| Operating profit (loss) | 9901 | €73,292 | €59,635 | -€13,657 | -18.6% |
| Financial income | 75/76B | €9,655 | €11,918 | +€2,263 | +23.4% |
| Recurring financial income | 75 | €9,655 | €11,918 | +€2,263 | +23.4% |
| Financial charges | 65/66B | €15,634 | €12,855 | -€2,779 | -17.8% |
| Recurring financial charges | 65 | €15,634 | €12,855 | -€2,779 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €67,314 | €58,698 | -€8,615 | -12.8% |
| Income taxes | 67/77 | €22,010 | €21,187 | -€823 | -3.7% |
| Profit (loss) for the period | 9904 | €45,304 | €37,512 | -€7,792 | -17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,304 | €37,512 | -€7,792 | -17.2% |
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 4 October 2026 via checked.be.