Firma-ment: 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.
Firma-ment
Largest movements
- Financial fixed assets +€150,000
new in 2025: €150,000
- Tangible fixed assets -€28,337
down €28,337 (-3.9%), from €723,840 to €695,503
of which Land and buildings: -€24,858
- Debts after one year +€99,324
up €99,324 (+23.3%), from €426,713 to €526,037
- Other debts +€30,000
new in 2025: €30,000
- Reserves +€13,830
up €13,830 (+7.4%), from €187,275 to €201,105
of which Distributable reserves: +€13,830
- Taxes -€11,975
down €11,975 (-65.9%), from €18,179 to €6,204
- Gross operating margin -€5,628
down €5,628 (-5.7%), from €98,131 to €92,503
- Financial charges +€1,030
up €1,030 (+10.3%), from €9,979 to €11,009
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 | €734,144 | €864,237 | +€130,093 | +17.7% |
| Fixed assets | 21/28 | €729,533 | €849,489 | +€119,956 | +16.4% |
| Intangible fixed assets | 21 | €5,693 | €3,985 | -€1,707 | -30.0% |
| Tangible fixed assets | 22/27 | €723,840 | €695,503 | -€28,337 | -3.9% |
| Land and buildings | 22 | €675,938 | €651,079 | -€24,858 | -3.7% |
| Plant, machinery and equipment | 23 | €47,903 | €44,424 | -€3,479 | -7.3% |
| Financial fixed assets | 28 | - | €150,000 | +€150,000 | |
| Current assets | 29/58 | €4,611 | €14,748 | +€10,137 | +219.8% |
| Amounts receivable within one year | 40/41 | - | €7,309 | +€7,309 | |
| Other amounts receivable | 41 | - | €7,309 | +€7,309 | |
| Cash at bank and in hand | 54/58 | €4,611 | €7,439 | +€2,827 | +61.3% |
| Total equity and liabilities | 10/49 | €734,144 | €864,237 | +€130,093 | +17.7% |
| Equity | 10/15 | €210,591 | €224,421 | +€13,830 | +6.6% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Revaluation surpluses | 12 | €17,016 | €17,016 | = | 0.0% |
| Reserves | 13 | €187,275 | €201,105 | +€13,830 | +7.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €187,275 | €201,105 | +€13,830 | +7.4% |
| Amounts payable | 17/49 | €523,553 | €639,816 | +€116,263 | +22.2% |
| Amounts payable after more than one year | 17 | €426,713 | €526,037 | +€99,324 | +23.3% |
| Financial debts | 170/4 | €426,713 | €526,037 | +€99,324 | +23.3% |
| Amounts payable within one year | 42/48 | €94,764 | €111,600 | +€16,836 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €69,070 | €70,153 | +€1,083 | +1.6% |
| Financial debts | 43 | €10,453 | €10,440 | -€13 | -0.1% |
| Credit institutions | 430/8 | €10,453 | - | -€10,453 | |
| Other loans | 439 | - | €10,440 | +€10,440 | |
| Trade debts | 44 | €9,563 | €1,007 | -€8,556 | -89.5% |
| Suppliers | 440/4 | €9,563 | €1,007 | -€8,556 | -89.5% |
| Taxes, remuneration and social security | 45 | €5,679 | €0 | -€5,679 | -100.0% |
| Taxes | 450/3 | €5,679 | €0 | -€5,679 | -100.0% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Accrued charges and deferred income | 492/3 | €2,076 | €2,178 | +€102 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,002 | €30,044 | +€42 | +0.1% |
| Other operating charges | 640/8 | €2,134 | €1,415 | -€718 | -33.7% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €98,131 | €92,503 | -€5,628 | -5.7% |
| Operating profit (loss) | 9901 | €65,996 | €31,043 | -€34,953 | -53.0% |
| Financial income | 75/76B | €0 | €1 | +€0 | +75.9% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +75.9% |
| Financial charges | 65/66B | €9,979 | €11,009 | +€1,030 | +10.3% |
| Recurring financial charges | 65 | €9,979 | €11,009 | +€1,030 | +10.3% |
| Profit (loss) for the period before taxes | 9903 | €56,017 | €20,034 | -€35,983 | -64.2% |
| Income taxes | 67/77 | €18,179 | €6,204 | -€11,975 | -65.9% |
| Profit (loss) for the period | 9904 | €37,838 | €13,830 | -€24,008 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €37,838 | €13,830 | -€24,008 | -63.4% |
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 1 October 2026 via checked.be.