General Development: 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.
General Development
Largest movements
- Receivables within one year -€56,565
down €56,565 (-41.2%), from €137,168 to €80,603
of which Trade receivables: -€56,545
- Tangible fixed assets -€15,743
down €15,743 (-1.8%), from €852,787 to €837,045
of which Land and buildings: -€15,743
- Profit (loss) carried forward +€129,120
up €129,120 (+20.9%), from -€617,121 to -€488,001
- Reserves -€120,080
down €120,080 (-40.5%), from €296,312 to €176,233
of which Tax-exempt reserves: -€120,080
- Provisions -€48,488
down €48,488 (-46.5%), from €104,255 to €55,767
- Debts after one year -€42,252
down €42,252 (-7.1%), from €596,756 to €554,504
- Write-downs +€30,874
up €30,874 (+131.1%), from €23,543 to €54,417
- Turnover +€14,930
up €14,930 (+15.5%), from €96,038 to €110,968
- Purchases and services +€8,593
up €8,593 (+26.7%), from €32,235 to €40,828
- Gross operating margin -€6,315
down €6,315 (-8.7%), from €72,904 to €66,588
- Depreciation +€3,387
up €3,387 (+11.3%), from €29,881 to €33,268
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 | €994,600 | €920,098 | -€74,502 | -7.5% |
| Fixed assets | 21/28 | €852,787 | €837,045 | -€15,743 | -1.8% |
| Tangible fixed assets | 22/27 | €852,787 | €837,045 | -€15,743 | -1.8% |
| Land and buildings | 22 | €851,787 | €836,045 | -€15,743 | -1.8% |
| Plant, machinery and equipment | 23 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €141,813 | €83,053 | -€58,759 | -41.4% |
| Amounts receivable within one year | 40/41 | €137,168 | €80,603 | -€56,565 | -41.2% |
| Trade receivables | 40 | €137,016 | €80,471 | -€56,545 | -41.3% |
| Other amounts receivable | 41 | €152 | €133 | -€19 | -12.7% |
| Cash at bank and in hand | 54/58 | €4,645 | €2,450 | -€2,195 | -47.3% |
| Total equity and liabilities | 10/49 | €994,600 | €920,098 | -€74,502 | -7.5% |
| Equity | 10/15 | €73,691 | €82,732 | +€9,040 | +12.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €333,000 | €333,000 | = | 0.0% |
| Reserves | 13 | €296,312 | €176,233 | -€120,080 | -40.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €293,214 | €173,134 | -€120,080 | -41.0% |
| Profit (loss) carried forward | 14 | -€617,121 | -€488,001 | +€129,120 | +20.9% |
| Provisions and deferred taxes | 16 | €104,255 | €55,767 | -€48,488 | -46.5% |
| Deferred taxes | 168 | €104,255 | €55,767 | -€48,488 | -46.5% |
| Amounts payable | 17/49 | €816,653 | €781,600 | -€35,054 | -4.3% |
| Amounts payable after more than one year | 17 | €596,756 | €554,504 | -€42,252 | -7.1% |
| Financial debts | 170/4 | €596,756 | €554,504 | -€42,252 | -7.1% |
| Amounts payable within one year | 42/48 | €219,897 | €227,095 | +€7,198 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €41,413 | €42,252 | +€838 | +2.0% |
| Trade debts | 44 | €29,336 | €32,444 | +€3,109 | +10.6% |
| Suppliers | 440/4 | €29,336 | €32,444 | +€3,109 | +10.6% |
| Other amounts payable | 47/48 | €149,148 | €152,399 | +€3,251 | +2.2% |
| Turnover | 70 | €96,038 | €110,968 | +€14,930 | +15.5% |
| Non-recurring operating income | 76A | €9,101 | - | -€9,101 | |
| Goods, raw materials, services and sundry goods | 60/61 | €32,235 | €40,828 | +€8,593 | +26.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,881 | €33,268 | +€3,387 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,543 | €54,417 | +€30,874 | +131.1% |
| Other operating charges | 640/8 | €3,832 | €4,706 | +€875 | +22.8% |
| Gross operating margin | 9900 | €72,904 | €66,588 | -€6,315 | -8.7% |
| Operating profit (loss) | 9901 | €15,649 | -€25,802 | -€41,451 | |
| Financial income | 75/76B | €6 | €36 | +€30 | +508.2% |
| Recurring financial income | 75 | €6 | €36 | +€30 | +508.2% |
| Financial charges | 65/66B | €13,995 | €13,681 | -€313 | -2.2% |
| Recurring financial charges | 65 | €13,995 | €13,681 | -€313 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €1,660 | -€39,448 | -€41,108 | |
| Transfer from deferred taxes | 780 | - | €48,488 | +€48,488 | |
| Profit (loss) for the period | 9904 | €1,660 | €9,040 | +€7,380 | +444.6% |
| Transfer from tax-exempt reserves | 789 | - | €120,080 | +€120,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,660 | €129,120 | +€127,460 | +7678.5% |
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.