GEOGRAPHICS: 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.
GEOGRAPHICS
Largest movements
- Receivables within one year -€56,906
down €56,906 (-23.2%), from €245,340 to €188,433
- Stocks and contracts +€30,000
up €30,000 (+150.0%), from €20,000 to €50,000
- Tangible fixed assets -€8,800
down €8,800 (-1.8%), from €481,322 to €472,521
of which Land and buildings: -€9,421
- Trade debts -€53,638
down €53,638 (-36.6%), from €146,628 to €92,991
- Other debts +€29,469
up €29,469 (+13.7%), from €214,466 to €243,935
- Short-term financial debts -€11,200
down €11,200 (-27.2%), from €41,200 to €30,000
- Profit (loss) carried forward +€10,710
up €10,710 (+50.4%), from -€21,242 to -€10,531
- Gross operating margin +€3,954
up €3,954 (+15.5%), from €25,492 to €29,446
- Financial charges -€2,106
down €2,106 (-48.3%), from €4,361 to €2,255
- Financial income +€986
new in 2025: €986
- Other operating charges +€477
up €477 (+15.2%), from €3,139 to €3,617
- Depreciation -€364
down €364 (-2.6%), from €14,213 to €13,849
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 | €750,382 | €721,786 | -€28,597 | -3.8% |
| Fixed assets | 21/28 | €481,322 | €472,521 | -€8,800 | -1.8% |
| Tangible fixed assets | 22/27 | €481,322 | €472,521 | -€8,800 | -1.8% |
| Land and buildings | 22 | €473,841 | €464,421 | -€9,421 | -2.0% |
| Plant, machinery and equipment | 23 | €1,545 | €1,115 | -€430 | -27.8% |
| Furniture and vehicles | 24 | €5,936 | €6,986 | +€1,050 | +17.7% |
| Current assets | 29/58 | €269,061 | €249,264 | -€19,796 | -7.4% |
| Amounts receivable after more than one year | 29 | €2,245 | €2,245 | = | 0.0% |
| Trade receivables | 290 | €2,245 | €2,245 | = | 0.0% |
| Stocks and contracts in progress | 3 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Contracts in progress | 37 | €20,000 | €50,000 | +€30,000 | +150.0% |
| Amounts receivable within one year | 40/41 | €245,340 | €188,433 | -€56,906 | -23.2% |
| Trade receivables | 40 | €245,340 | €188,433 | -€56,906 | -23.2% |
| Cash at bank and in hand | 54/58 | €103 | €7,200 | +€7,097 | +6878.4% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,386 | +€13 | +0.9% |
| Total equity and liabilities | 10/49 | €750,382 | €721,786 | -€28,597 | -3.8% |
| Equity | 10/15 | €332,459 | €343,169 | +€10,710 | +3.2% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Revaluation surpluses | 12 | €241,555 | €241,555 | = | 0.0% |
| Reserves | 13 | €37,145 | €37,145 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,970 | €2,970 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,970 | €2,970 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,703 | €28,703 | = | 0.0% |
| Distributable reserves | 133 | €5,472 | €5,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,242 | -€10,531 | +€10,710 | +50.4% |
| Amounts payable | 17/49 | €417,924 | €378,617 | -€39,307 | -9.4% |
| Amounts payable within one year | 42/48 | €416,164 | €376,857 | -€39,307 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €1,586 | - | -€1,586 | |
| Financial debts | 43 | €41,200 | €30,000 | -€11,200 | -27.2% |
| Credit institutions | 430/8 | €41,200 | €30,000 | -€11,200 | -27.2% |
| Trade debts | 44 | €146,628 | €92,991 | -€53,638 | -36.6% |
| Suppliers | 440/4 | €146,628 | €92,991 | -€53,638 | -36.6% |
| Taxes, remuneration and social security | 45 | €12,284 | €9,931 | -€2,352 | -19.2% |
| Taxes | 450/3 | €10,897 | €9,931 | -€966 | -8.9% |
| Remuneration and social security | 454/9 | €1,386 | - | -€1,386 | |
| Other amounts payable | 47/48 | €214,466 | €243,935 | +€29,469 | +13.7% |
| Accrued charges and deferred income | 492/3 | €1,760 | €1,760 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,213 | €13,849 | -€364 | -2.6% |
| Other operating charges | 640/8 | €3,139 | €3,617 | +€477 | +15.2% |
| Gross operating margin | 9900 | €25,492 | €29,446 | +€3,954 | +15.5% |
| Operating profit (loss) | 9901 | €8,139 | €11,979 | +€3,841 | +47.2% |
| Financial income | 75/76B | - | €986 | +€986 | |
| Recurring financial income | 75 | - | €986 | +€986 | |
| Financial charges | 65/66B | €4,361 | €2,255 | -€2,106 | -48.3% |
| Recurring financial charges | 65 | €4,361 | €2,255 | -€2,106 | -48.3% |
| Profit (loss) for the period before taxes | 9903 | €3,778 | €10,710 | +€6,932 | +183.5% |
| Profit (loss) for the period | 9904 | €3,778 | €10,710 | +€6,932 | +183.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,778 | €10,710 | +€6,932 | +183.5% |
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 7 October 2026 via checked.be.