GENERAL SYSTEMS: 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.
GENERAL SYSTEMS
Largest movements
- Receivables within one year -€28,370
down €28,370 (-4.8%), from €594,148 to €565,778
of which Trade receivables: -€78,864
- Cash -€13,922
down €13,922 (-55.9%), from €24,909 to €10,987
mainly Advances received (-€160,000) and Trade debts (-€62,438)
- Other debts +€192,165
up €192,165 (+112%), from €171,386 to €363,552
- Advances received -€160,000
no longer reported in 2025 (was €160,000)
- Trade debts -€62,438
down €62,438 (-90.3%), from €69,115 to €6,676
- Debts after one year -€53,243
down €53,243 (-42.3%), from €125,781 to €72,538
of which Other amounts payable: -€110,000
- Current portion of long-term debt +€32,607
new in 2025: €32,607
- Taxes -€26,071
down €26,071, from €20,642 to -€5,429
- Gross operating margin -€21,812
down €21,812 (-54.6%), from €39,961 to €18,149
- Financial income -€2,085
down €2,085 (-92.8%), from €2,247 to €161
- Depreciation -€1,403
down €1,403 (-33.8%), from €4,156 to €2,752
- Other operating charges +€711
up €711 (+14.9%), from €4,782 to €5,493
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €632,755 | €584,863 | -€47,892 | -7.6% |
| Fixed assets | 21/28 | €13,698 | €7,092 | -€6,605 | -48.2% |
| Tangible fixed assets | 22/27 | €2,380 | €1,975 | -€405 | -17.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €2,380 | €1,975 | -€405 | -17.0% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Financial fixed assets | 28 | €11,317 | €5,117 | -€6,200 | -54.8% |
| Current assets | 29/58 | €619,057 | €577,770 | -€41,286 | -6.7% |
| Amounts receivable within one year | 40/41 | €594,148 | €565,778 | -€28,370 | -4.8% |
| Trade receivables | 40 | €382,309 | €303,445 | -€78,864 | -20.6% |
| Other amounts receivable | 41 | €211,839 | €262,333 | +€50,494 | +23.8% |
| Cash at bank and in hand | 54/58 | €24,909 | €10,987 | -€13,922 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €1,006 | +€1,006 | |
| Total equity and liabilities | 10/49 | €632,755 | €584,863 | -€47,892 | -7.6% |
| Equity | 10/15 | €64,720 | €74,325 | +€9,605 | +14.8% |
| Reserves | 13 | €39,085 | €39,085 | = | 0.0% |
| Distributable reserves | 133 | €39,085 | €39,085 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,635 | €35,240 | +€9,605 | +37.5% |
| Amounts payable | 17/49 | €568,034 | €510,537 | -€57,497 | -10.1% |
| Amounts payable after more than one year | 17 | €125,781 | €72,538 | -€53,243 | -42.3% |
| Financial debts | 170/4 | - | €56,757 | +€56,757 | |
| Other amounts payable | 178/9 | €125,781 | €15,781 | -€110,000 | -87.5% |
| Amounts payable within one year | 42/48 | €442,253 | €437,999 | -€4,254 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | - | €32,607 | +€32,607 | |
| Financial debts | 43 | €30,000 | €2,549 | -€27,451 | -91.5% |
| Credit institutions | 430/8 | €30,000 | €2,549 | -€27,451 | -91.5% |
| Trade debts | 44 | €69,115 | €6,676 | -€62,438 | -90.3% |
| Suppliers | 440/4 | €69,115 | €6,676 | -€62,438 | -90.3% |
| Advances received on contracts in progress | 46 | €160,000 | - | -€160,000 | |
| Taxes, remuneration and social security | 45 | €11,752 | €32,615 | +€20,863 | +178% |
| Taxes | 450/3 | - | €5,279 | +€5,279 | |
| Remuneration and social security | 454/9 | €11,752 | €27,336 | +€15,584 | +133% |
| Other amounts payable | 47/48 | €171,386 | €363,552 | +€192,165 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,156 | €2,752 | -€1,403 | -33.8% |
| Other operating charges | 640/8 | €4,782 | €5,493 | +€711 | +14.9% |
| Gross operating margin | 9900 | €39,961 | €18,149 | -€21,812 | -54.6% |
| Operating profit (loss) | 9901 | €31,023 | €9,903 | -€21,120 | -68.1% |
| Financial income | 75/76B | €2,247 | €161 | -€2,085 | -92.8% |
| Recurring financial income | 75 | €2,247 | €161 | -€2,085 | -92.8% |
| Financial charges | 65/66B | €6,138 | €5,889 | -€250 | -4.1% |
| Recurring financial charges | 65 | €6,138 | €5,889 | -€250 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €27,131 | €4,176 | -€22,955 | -84.6% |
| Income taxes | 67/77 | €20,642 | -€5,429 | -€26,071 | |
| Profit (loss) for the period | 9904 | €6,489 | €9,605 | +€3,116 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,489 | €9,605 | +€3,116 | +48.0% |
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 13 October 2026 via checked.be.