FOLD: 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.
FOLD
Largest movements
- Cash +€23,742
up €23,742 (+23.6%), from €100,770 to €124,512
mainly Net result for the year (+€23,269) and Other debts (+€15,812)
- Tangible fixed assets -€1,404
down €1,404 (-43.6%), from €3,217 to €1,814
of which Furniture and vehicles: -€1,107
- Other debts +€15,812
up €15,812 (+300.8%), from €5,257 to €21,069
- Reserves +€7,128
up €7,128 (+8.1%), from €87,694 to €94,822
- Gross operating margin -€7,189
down €7,189 (-16.5%), from €43,602 to €36,414
- Taxes -€1,983
down €1,983 (-17.7%), from €11,232 to €9,249
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 | €116,448 | €139,646 | +€23,198 | +19.9% |
| Fixed assets | 21/28 | €3,217 | €1,814 | -€1,404 | -43.6% |
| Tangible fixed assets | 22/27 | €3,217 | €1,814 | -€1,404 | -43.6% |
| Plant, machinery and equipment | 23 | €1,002 | €705 | -€297 | -29.6% |
| Furniture and vehicles | 24 | €2,215 | €1,109 | -€1,107 | -50.0% |
| Current assets | 29/58 | €113,230 | €137,832 | +€24,602 | +21.7% |
| Amounts receivable within one year | 40/41 | €12,461 | €13,293 | +€832 | +6.7% |
| Trade receivables | 40 | €12,461 | €12,542 | +€81 | +0.7% |
| Other amounts receivable | 41 | - | €751 | +€751 | |
| Cash at bank and in hand | 54/58 | €100,770 | €124,512 | +€23,742 | +23.6% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €116,448 | €139,646 | +€23,198 | +19.9% |
| Equity | 10/15 | €106,294 | €113,422 | +€7,128 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,694 | €94,822 | +€7,128 | +8.1% |
| Distributable reserves | 133 | €87,694 | €94,822 | +€7,128 | +8.1% |
| Amounts payable | 17/49 | €10,154 | €26,224 | +€16,070 | +158.3% |
| Amounts payable within one year | 42/48 | €10,154 | €26,224 | +€16,070 | +158.3% |
| Trade debts | 44 | €3,506 | €2,858 | -€647 | -18.5% |
| Suppliers | 440/4 | €3,506 | €2,858 | -€647 | -18.5% |
| Taxes, remuneration and social security | 45 | €1,391 | €2,297 | +€905 | +65.1% |
| Taxes | 450/3 | €1,391 | €2,297 | +€905 | +65.1% |
| Other amounts payable | 47/48 | €5,257 | €21,069 | +€15,812 | +300.8% |
| Non-recurring operating income | 76A | €11,157 | - | -€11,157 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,525 | €1,404 | -€122 | -8.0% |
| Other operating charges | 640/8 | €443 | €791 | +€348 | +78.5% |
| Gross operating margin | 9900 | €43,602 | €36,414 | -€7,189 | -16.5% |
| Operating profit (loss) | 9901 | €41,634 | €34,218 | -€7,415 | -17.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,266 | €1,701 | +€435 | +34.3% |
| Recurring financial charges | 65 | €1,266 | €1,701 | +€435 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €40,368 | €32,518 | -€7,850 | -19.4% |
| Income taxes | 67/77 | €11,232 | €9,249 | -€1,983 | -17.7% |
| Profit (loss) for the period | 9904 | €29,136 | €23,269 | -€5,867 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,136 | €23,269 | -€5,867 | -20.1% |
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 10 October 2026 via checked.be.