FORMAT +: 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.
FORMAT +
Largest movements
- Cash +€494,391
up €494,391 (+110.2%), from €448,794 to €943,185
mainly Accrued charges and deferred income (+€235,000) and Receivables within one year (+€139,917)
- Receivables within one year -€139,917
down €139,917 (-30.6%), from €456,879 to €316,962
of which Trade receivables: -€72,332
- Deferred charges and accrued income +€58,974
up €58,974 (+20.2%), from €292,326 to €351,300
- Tangible fixed assets +€29,179
up €29,179 (+7.4%), from €393,463 to €422,642
of which Plant, machinery and equipment: +€49,139
- Accrued charges and deferred income +€235,000
up €235,000 (+82.5%), from €285,000 to €520,000
- Reserves +€121,770
up €121,770 (+16.3%), from €747,400 to €869,170
of which Distributable reserves: +€121,770
- Trade debts +€96,331
up €96,331 (+22.4%), from €429,541 to €525,872
- Gross operating margin -€44,860
down €44,860 (-12.0%), from €373,663 to €328,803
- Staff costs -€29,035
down €29,035 (-25.8%), from €112,731 to €83,697
- Depreciation +€25,935
up €25,935 (+119.5%), from €21,697 to €47,632
- Taxes -€11,202
down €11,202 (-17.6%), from €63,587 to €52,384
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 | €1,804,294 | €2,248,121 | +€443,826 | +24.6% |
| Fixed assets | 21/28 | €395,463 | €424,642 | +€29,179 | +7.4% |
| Tangible fixed assets | 22/27 | €393,463 | €422,642 | +€29,179 | +7.4% |
| Land and buildings | 22 | €108,453 | €108,453 | = | 0.0% |
| Plant, machinery and equipment | 23 | €204,082 | €253,222 | +€49,139 | +24.1% |
| Furniture and vehicles | 24 | €80,928 | €60,967 | -€19,961 | -24.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €1,408,831 | €1,823,479 | +€414,648 | +29.4% |
| Amounts receivable within one year | 40/41 | €456,879 | €316,962 | -€139,917 | -30.6% |
| Trade receivables | 40 | €187,949 | €115,617 | -€72,332 | -38.5% |
| Other amounts receivable | 41 | €268,931 | €201,345 | -€67,585 | -25.1% |
| Current investments | 50/53 | €210,832 | €212,032 | +€1,200 | +0.6% |
| Cash at bank and in hand | 54/58 | €448,794 | €943,185 | +€494,391 | +110.2% |
| Deferred charges and accrued income | 490/1 | €292,326 | €351,300 | +€58,974 | +20.2% |
| Total equity and liabilities | 10/49 | €1,804,294 | €2,248,121 | +€443,826 | +24.6% |
| Equity | 10/15 | €792,061 | €913,839 | +€121,778 | +15.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €747,400 | €869,170 | +€121,770 | +16.3% |
| Tax-exempt reserves | 132 | €49,250 | €49,250 | = | 0.0% |
| Distributable reserves | 133 | €698,150 | €819,920 | +€121,770 | +17.4% |
| Profit (loss) carried forward | 14 | €38,461 | €38,469 | +€8 | 0.0% |
| Amounts payable | 17/49 | €1,012,233 | €1,334,282 | +€322,049 | +31.8% |
| Amounts payable after more than one year | 17 | €181,654 | €160,706 | -€20,948 | -11.5% |
| Financial debts | 170/4 | €181,654 | €160,706 | -€20,948 | -11.5% |
| Amounts payable within one year | 42/48 | €545,579 | €653,576 | +€107,997 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €49,842 | €50,493 | +€651 | +1.3% |
| Trade debts | 44 | €429,541 | €525,872 | +€96,331 | +22.4% |
| Suppliers | 440/4 | €429,541 | €525,872 | +€96,331 | +22.4% |
| Taxes, remuneration and social security | 45 | €26,071 | €34,332 | +€8,261 | +31.7% |
| Taxes | 450/3 | €15,720 | €28,542 | +€12,822 | +81.6% |
| Remuneration and social security | 454/9 | €10,351 | €5,790 | -€4,561 | -44.1% |
| Other amounts payable | 47/48 | €40,125 | €42,878 | +€2,753 | +6.9% |
| Accrued charges and deferred income | 492/3 | €285,000 | €520,000 | +€235,000 | +82.5% |
| Non-recurring operating income | 76A | €275 | €13,163 | +€12,888 | +4685.3% |
| Remuneration, social security and pensions | 62 | €112,731 | €83,697 | -€29,035 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,697 | €47,632 | +€25,935 | +119.5% |
| Other operating charges | 640/8 | €12,468 | €12,388 | -€80 | -0.6% |
| Gross operating margin | 9900 | €373,663 | €328,803 | -€44,860 | -12.0% |
| Operating profit (loss) | 9901 | €226,767 | €185,087 | -€41,680 | -18.4% |
| Financial income | 75/76B | €4,952 | €3,318 | -€1,634 | -33.0% |
| Recurring financial income | 75 | €4,952 | €3,318 | -€1,634 | -33.0% |
| Financial charges | 65/66B | €10,881 | €14,243 | +€3,362 | +30.9% |
| Recurring financial charges | 65 | €10,881 | €14,243 | +€3,362 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | €220,838 | €174,162 | -€46,677 | -21.1% |
| Income taxes | 67/77 | €63,587 | €52,384 | -€11,202 | -17.6% |
| Profit (loss) for the period | 9904 | €157,252 | €121,778 | -€35,474 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €157,252 | €121,778 | -€35,474 | -22.6% |
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 3 October 2026 via checked.be.