FIRST - THINK: 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.
FIRST - THINK
Largest movements
- Cash +€13,399
up €13,399 (+156.9%), from €8,537 to €21,936
mainly Net result for the year (+€10,443) and Depreciation (+€9,485)
- Tangible fixed assets -€3,417
down €3,417 (-10.5%), from €32,643 to €29,226
of which Other tangible fixed assets: -€1,828
- Profit (loss) carried forward +€10,443
up €10,443 (+25.2%), from -€41,396 to -€30,954
- Accrued charges and deferred income -€4,345
down €4,345 (-100.0%), from €4,345 to €0
- Trade debts +€4,208
up €4,208 (+145.3%), from €2,895 to €7,104
- Other debts -€1,629
down €1,629 (-4.9%), from €32,951 to €31,322
- Tax, wage and social debts +€1,465
up €1,465 (+21.9%), from €6,695 to €8,161
- Gross operating margin +€2,917
up €2,917 (+10.2%), from €28,500 to €31,417
- Taxes +€1,984
up €1,984 (+29.9%), from €6,630 to €8,614
- Other operating charges +€393
up €393 (+64.6%), from €608 to €1,001
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 | €69,384 | €79,526 | +€10,142 | +14.6% |
| Fixed assets | 21/28 | €35,643 | €32,226 | -€3,417 | -9.6% |
| Tangible fixed assets | 22/27 | €32,643 | €29,226 | -€3,417 | -10.5% |
| Plant, machinery and equipment | 23 | €2,629 | €1,654 | -€975 | -37.1% |
| Furniture and vehicles | 24 | €694 | €79 | -€615 | -88.6% |
| Other tangible fixed assets | 26 | €29,320 | €27,493 | -€1,828 | -6.2% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €33,741 | €47,300 | +€13,559 | +40.2% |
| Amounts receivable within one year | 40/41 | €24,896 | €25,098 | +€202 | +0.8% |
| Trade receivables | 40 | €24,629 | €25,098 | +€469 | +1.9% |
| Other amounts receivable | 41 | €267 | €0 | -€267 | -100.0% |
| Cash at bank and in hand | 54/58 | €8,537 | €21,936 | +€13,399 | +156.9% |
| Deferred charges and accrued income | 490/1 | €308 | €266 | -€42 | -13.6% |
| Total equity and liabilities | 10/49 | €69,384 | €79,526 | +€10,142 | +14.6% |
| Equity | 10/15 | -€16,189 | -€5,746 | +€10,443 | +64.5% |
| Contributions | 10/11 | €25,207 | €25,207 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,396 | -€30,954 | +€10,443 | +25.2% |
| Provisions and deferred taxes | 16 | €38,686 | €38,686 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €38,686 | €38,686 | = | 0.0% |
| Pensions and similar obligations | 160 | €38,686 | €38,686 | = | 0.0% |
| Amounts payable | 17/49 | €46,887 | €46,586 | -€301 | -0.6% |
| Amounts payable within one year | 42/48 | €42,542 | €46,586 | +€4,044 | +9.5% |
| Trade debts | 44 | €2,895 | €7,104 | +€4,208 | +145.3% |
| Suppliers | 440/4 | €2,895 | €7,104 | +€4,208 | +145.3% |
| Taxes, remuneration and social security | 45 | €6,695 | €8,161 | +€1,465 | +21.9% |
| Taxes | 450/3 | €6,695 | €8,161 | +€1,465 | +21.9% |
| Other amounts payable | 47/48 | €32,951 | €31,322 | -€1,629 | -4.9% |
| Accrued charges and deferred income | 492/3 | €4,345 | €0 | -€4,345 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,506 | €9,485 | -€21 | -0.2% |
| Other operating charges | 640/8 | €608 | €1,001 | +€393 | +64.6% |
| Gross operating margin | 9900 | €28,500 | €31,417 | +€2,917 | +10.2% |
| Operating profit (loss) | 9901 | €18,386 | €20,931 | +€2,545 | +13.8% |
| Financial income | 75/76B | - | €12 | +€12 | |
| Recurring financial income | 75 | - | €12 | +€12 | |
| Financial charges | 65/66B | €2,095 | €1,886 | -€209 | -10.0% |
| Recurring financial charges | 65 | €2,095 | €1,886 | -€209 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €16,291 | €19,057 | +€2,766 | +17.0% |
| Income taxes | 67/77 | €6,630 | €8,614 | +€1,984 | +29.9% |
| Profit (loss) for the period | 9904 | €9,661 | €10,443 | +€782 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,661 | €10,443 | +€782 | +8.1% |
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 11 October 2026 via checked.be.