FS BAU: 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.
FS BAU
Largest movements
- Stocks and contracts +€76,073
up €76,073 (+229.0%), from €33,219 to €109,292
- Receivables within one year -€14,212
down €14,212 (-11.1%), from €128,152 to €113,941
of which Other amounts receivable: -€14,842
- Tangible fixed assets -€4,509
down €4,509 (-6.9%), from €65,698 to €61,189
of which Furniture and vehicles: -€4,700
- Cash +€3,904
up €3,904 (+184.9%), from €2,111 to €6,015
mainly Net result for the year (+€41,890) and Other debts (+€26,107)
- Profit (loss) carried forward +€41,890
up €41,890 (+519.1%), from €8,070 to €49,960
- Other debts +€26,107
up €26,107 (+32.8%), from €79,544 to €105,650
- Trade debts -€19,464
down €19,464 (-22.4%), from €86,894 to €67,430
- Tax, wage and social debts +€18,645
up €18,645 (+406.5%), from €4,587 to €23,232
of which Taxes: +€18,738
- Debts after one year -€6,367
down €6,367 (-38.1%), from €16,701 to €10,335
- Gross operating margin +€59,612
up €59,612 (+132.8%), from €44,886 to €104,498
- Taxes +€14,793
new in 2025: €14,793
- Depreciation +€5,484
up €5,484 (+90.2%), from €6,082 to €11,566
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 | €229,641 | €290,529 | +€60,888 | +26.5% |
| Formation expenses | 20 | €461 | €92 | -€369 | -80.0% |
| Fixed assets | 21/28 | €65,698 | €61,189 | -€4,509 | -6.9% |
| Tangible fixed assets | 22/27 | €65,698 | €61,189 | -€4,509 | -6.9% |
| Land and buildings | 22 | €55,667 | €53,215 | -€2,453 | -4.4% |
| Plant, machinery and equipment | 23 | - | €2,644 | +€2,644 | |
| Furniture and vehicles | 24 | €10,031 | €5,331 | -€4,700 | -46.9% |
| Current assets | 29/58 | €163,483 | €229,248 | +€65,766 | +40.2% |
| Stocks and contracts in progress | 3 | €33,219 | €109,292 | +€76,073 | +229.0% |
| Stocks | 30/36 | €33,219 | €109,292 | +€76,073 | +229.0% |
| Amounts receivable within one year | 40/41 | €128,152 | €113,941 | -€14,212 | -11.1% |
| Trade receivables | 40 | €105,124 | €105,754 | +€630 | +0.6% |
| Other amounts receivable | 41 | €23,028 | €8,187 | -€14,842 | -64.5% |
| Cash at bank and in hand | 54/58 | €2,111 | €6,015 | +€3,904 | +184.9% |
| Total equity and liabilities | 10/49 | €229,641 | €290,529 | +€60,888 | +26.5% |
| Equity | 10/15 | €14,070 | €55,960 | +€41,890 | +297.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,070 | €49,960 | +€41,890 | +519.1% |
| Amounts payable | 17/49 | €215,571 | €234,569 | +€18,998 | +8.8% |
| Amounts payable after more than one year | 17 | €16,701 | €10,335 | -€6,367 | -38.1% |
| Financial debts | 170/4 | €16,701 | €10,335 | -€6,367 | -38.1% |
| Amounts payable within one year | 42/48 | €198,870 | €224,235 | +€25,365 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €6,245 | €6,323 | +€77 | +1.2% |
| Financial debts | 43 | €21,600 | €21,600 | = | 0.0% |
| Credit institutions | 430/8 | €21,600 | €21,600 | = | 0.0% |
| Trade debts | 44 | €86,894 | €67,430 | -€19,464 | -22.4% |
| Suppliers | 440/4 | €86,894 | €67,430 | -€19,464 | -22.4% |
| Taxes, remuneration and social security | 45 | €4,587 | €23,232 | +€18,645 | +406.5% |
| Taxes | 450/3 | - | €18,738 | +€18,738 | |
| Remuneration and social security | 454/9 | €4,587 | €4,494 | -€94 | -2.0% |
| Other amounts payable | 47/48 | €79,544 | €105,650 | +€26,107 | +32.8% |
| Remuneration, social security and pensions | 62 | €33,267 | €33,033 | -€234 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,082 | €11,566 | +€5,484 | +90.2% |
| Other operating charges | 640/8 | €318 | €682 | +€364 | +114.6% |
| Gross operating margin | 9900 | €44,886 | €104,498 | +€59,612 | +132.8% |
| Operating profit (loss) | 9901 | €5,219 | €59,217 | +€53,998 | +1034.6% |
| Financial charges | 65/66B | €3,520 | €2,534 | -€986 | -28.0% |
| Recurring financial charges | 65 | €3,520 | €2,534 | -€986 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €1,699 | €56,682 | +€54,984 | +3236.7% |
| Income taxes | 67/77 | - | €14,793 | +€14,793 | |
| Profit (loss) for the period | 9904 | €1,699 | €41,890 | +€40,191 | +2365.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,699 | €41,890 | +€40,191 | +2365.9% |
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 8 October 2026 via checked.be.