FOR C: 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.
What changed
FOR C
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,748
2024 · €35,749-€6,001
Equity
€494,456
2024 · €464,708+€29,748
Cash
€13,921
2024 · €13,396+€525
Balance sheet total
€4.9m
2024 · €4.9m-€65,562
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year -€67,500
down €67,500 (-1.7%), from €4.1m to €4.0m
Income statement
- Financial charges +€10,013
up €10,013 (+7.8%), from €128,571 to €138,584
- Gross operating margin +€3,866
up €3,866 (+1.3%), from €290,204 to €294,070
- Staff costs +€3,619
up €3,619 (+5.6%), from €64,398 to €68,017
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.
Result 2024
€35,749
Gross operating margin
+€3,866
Staff costs
-€3,619
Depreciation
+€374
Other operating charges
+€1,503
Financial income
-€0
Financial charges
-€10,013
Taxes
+€1,887
Result 2025
€29,748
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€67,642
Investment
+€383
Financing
-€67,500
Cash 2024
€13,396
From operations (derived)
+€67,642
Net result for the year
+€29,748
Depreciation
+€34,791
Receivables within one year
+€31,086
Deferred charges and accrued income
-€172
Trade debts
-€47,770
Tax, wage and social debts
+€2,596
Other debts
+€16,471
Accrued charges and deferred income
+€894
Investment (derived)
+€383
Investment in fixed assets (net)
+€383
Financing
-€67,500
Debts after one year
-€67,500
Cash 2025
€13,921
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,947,849 | €4,882,287 | -€65,562 | -1.3% |
| Fixed assets | 21/28 | €3,876,707 | €3,841,533 | -€35,174 | -0.9% |
| Tangible fixed assets | 22/27 | €824,834 | €789,660 | -€35,174 | -4.3% |
| Land and buildings | 22 | €820,349 | €787,418 | -€32,931 | -4.0% |
| Furniture and vehicles | 24 | €4,485 | €2,242 | -€2,243 | -50.0% |
| Financial fixed assets | 28 | €3,051,873 | €3,051,873 | = | 0.0% |
| Current assets | 29/58 | €1,071,142 | €1,040,754 | -€30,389 | -2.8% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €1,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,000,000 | €1,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €55,189 | €24,103 | -€31,086 | -56.3% |
| Trade receivables | 40 | €55,055 | €24,103 | -€30,952 | -56.2% |
| Other amounts receivable | 41 | €134 | €0 | -€134 | -100% |
| Cash at bank and in hand | 54/58 | €13,396 | €13,921 | +€525 | +3.9% |
| Deferred charges and accrued income | 490/1 | €2,557 | €2,730 | +€172 | +6.7% |
| Total equity and liabilities | 10/49 | €4,947,849 | €4,882,287 | -€65,562 | -1.3% |
| Equity | 10/15 | €464,708 | €494,456 | +€29,748 | +6.4% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Capital | 10 | €80,565 | €80,565 | = | 0.0% |
| Issued capital | 100 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €384,143 | €413,891 | +€29,748 | +7.7% |
| Non-distributable reserves | 130/1 | €8,057 | €8,057 | = | 0.0% |
| Legal reserve | 130 | €8,057 | €8,057 | = | 0.0% |
| Distributable reserves | 133 | €376,087 | €405,835 | +€29,748 | +7.9% |
| Provisions and deferred taxes | 16 | €19,598 | €19,598 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €19,598 | €19,598 | = | 0.0% |
| Other liabilities and charges | 164/5 | €19,598 | €19,598 | = | 0.0% |
| Amounts payable | 17/49 | €4,463,543 | €4,368,232 | -€95,310 | -2.1% |
| Amounts payable after more than one year | 17 | €4,088,750 | €4,021,250 | -€67,500 | -1.7% |
| Financial debts | 170/4 | €4,088,750 | €4,021,250 | -€67,500 | -1.7% |
| Amounts payable within one year | 42/48 | €352,951 | €324,247 | -€28,704 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €67,500 | €67,500 | = | 0.0% |
| Trade debts | 44 | €75,486 | €27,716 | -€47,770 | -63.3% |
| Suppliers | 440/4 | €75,486 | €27,716 | -€47,770 | -63.3% |
| Taxes, remuneration and social security | 45 | €27,757 | €30,352 | +€2,596 | +9.4% |
| Taxes | 450/3 | €17,947 | €16,019 | -€1,929 | -10.7% |
| Remuneration and social security | 454/9 | €9,809 | €14,334 | +€4,524 | +46.1% |
| Other amounts payable | 47/48 | €182,208 | €198,678 | +€16,471 | +9.0% |
| Accrued charges and deferred income | 492/3 | €21,842 | €22,735 | +€894 | +4.1% |
| Remuneration, social security and pensions | 62 | €64,398 | €68,017 | +€3,619 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,165 | €34,791 | -€374 | -1.1% |
| Other operating charges | 640/8 | €10,060 | €8,557 | -€1,503 | -14.9% |
| Gross operating margin | 9900 | €290,204 | €294,070 | +€3,866 | +1.3% |
| Operating profit (loss) | 9901 | €180,581 | €182,705 | +€2,124 | +1.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €128,571 | €138,584 | +€10,013 | +7.8% |
| Recurring financial charges | 65 | €128,571 | €138,584 | +€10,013 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | €52,010 | €44,121 | -€7,889 | -15.2% |
| Income taxes | 67/77 | €16,261 | €14,373 | -€1,887 | -11.6% |
| Profit (loss) for the period | 9904 | €35,749 | €29,748 | -€6,001 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,749 | €29,748 | -€6,001 | -16.8% |
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 19 October 2026 via checked.be.