I CAN: 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.
I CAN
Largest movements
- Financial fixed assets +€1.7m
up €1.7m (+15.5%), from €10.8m to €12.4m
- Current investments -€1.5m
down €1.5m (-56.5%), from €2.6m to €1.1m
- Cash +€907,462
up €907,462 (+1252.7%), from €72,438 to €979,900
mainly Net result for the year (+€3.2m) and Current investments (+€1.5m)
- Receivables after one year +€822,286
up €822,286 (+25.4%), from €3.2m to €4.1m
- Deferred charges and accrued income +€336,007
up €336,007 (+121.0%), from €277,688 to €613,695
- Reserves +€3.2m
up €3.2m (+14.9%), from €21.5m to €24.7m
of which Distributable reserves: +€3.2m
- Other debts -€636,077
no longer reported in 2025 (was €636,077)
- Debts after one year -€374,255
down €374,255 (-79.9%), from €468,448 to €94,193
- Tax, wage and social debts +€349,604
up €349,604 (+551.0%), from €63,444 to €413,049
of which Taxes: +€342,267
- Financial income +€3.0m
up €3.0m (+693.8%), from €432,964 to €3.4m
of which Non-recurring financial income: +€3.0m
- Taxes +€318,770
up €318,770 (+179.5%), from €177,539 to €496,309
- Staff costs +€197,049
up €197,049 (+108.1%), from €182,324 to €379,374
- Gross operating margin +€155,914
up €155,914 (+26.2%), from €594,064 to €749,978
- Financial charges +€24,859
up €24,859 (+79.4%), from €31,319 to €56,178
of which Non-recurring financial charges: +€34,130
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 | €23,078,993 | €25,630,806 | +€2.6m | +11.1% |
| Fixed assets | 21/28 | €10,986,703 | €12,610,042 | +€1.6m | +14.8% |
| Tangible fixed assets | 22/27 | €229,635 | €188,334 | -€41,301 | -18.0% |
| Land and buildings | 22 | €1,603 | - | -€1,603 | |
| Furniture and vehicles | 24 | €228,032 | €188,334 | -€39,698 | -17.4% |
| Financial fixed assets | 28 | €10,757,069 | €12,421,708 | +€1.7m | +15.5% |
| Current assets | 29/58 | €12,092,289 | €13,020,764 | +€928,475 | +7.7% |
| Amounts receivable after more than one year | 29 | €3,233,149 | €4,055,435 | +€822,286 | +25.4% |
| Other amounts receivable | 291 | €3,233,149 | €4,055,435 | +€822,286 | +25.4% |
| Stocks and contracts in progress | 3 | €1,301,593 | €1,473,708 | +€172,115 | +13.2% |
| Stocks | 30/36 | €1,301,593 | €1,473,708 | +€172,115 | +13.2% |
| Amounts receivable within one year | 40/41 | €4,606,408 | €4,767,370 | +€160,962 | +3.5% |
| Trade receivables | 40 | €62,082 | €172,527 | +€110,446 | +177.9% |
| Other amounts receivable | 41 | €4,544,326 | €4,594,843 | +€50,516 | +1.1% |
| Current investments | 50/53 | €2,601,013 | €1,130,655 | -€1.5m | -56.5% |
| Cash at bank and in hand | 54/58 | €72,438 | €979,900 | +€907,462 | +1252.7% |
| Deferred charges and accrued income | 490/1 | €277,688 | €613,695 | +€336,007 | +121.0% |
| Total equity and liabilities | 10/49 | €23,078,993 | €25,630,806 | +€2.6m | +11.1% |
| Equity | 10/15 | €21,529,102 | €24,735,861 | +€3.2m | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €21,509,102 | €24,715,861 | +€3.2m | +14.9% |
| Tax-exempt reserves | 132 | €4,874 | €4,874 | = | 0.0% |
| Distributable reserves | 133 | €21,504,228 | €24,710,987 | +€3.2m | +14.9% |
| Amounts payable | 17/49 | €1,549,891 | €894,945 | -€654,946 | -42.3% |
| Amounts payable after more than one year | 17 | €468,448 | €94,193 | -€374,255 | -79.9% |
| Financial debts | 170/4 | €468,448 | €94,193 | -€374,255 | -79.9% |
| Amounts payable within one year | 42/48 | €1,075,317 | €795,990 | -€279,327 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €370,256 | €374,255 | +€3,999 | +1.1% |
| Financial debts | 43 | €3,116 | €1,856 | -€1,259 | -40.4% |
| Credit institutions | 430/8 | €3,116 | €1,856 | -€1,259 | -40.4% |
| Trade debts | 44 | €2,424 | €6,830 | +€4,406 | +181.8% |
| Suppliers | 440/4 | €2,424 | €6,830 | +€4,406 | +181.8% |
| Taxes, remuneration and social security | 45 | €63,444 | €413,049 | +€349,604 | +551.0% |
| Taxes | 450/3 | €34,036 | €376,302 | +€342,267 | +1005.6% |
| Remuneration and social security | 454/9 | €29,408 | €36,746 | +€7,338 | +25.0% |
| Other amounts payable | 47/48 | €636,077 | - | -€636,077 | |
| Accrued charges and deferred income | 492/3 | €6,125 | €4,762 | -€1,364 | -22.3% |
| Remuneration, social security and pensions | 62 | €182,324 | €379,374 | +€197,049 | +108.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,952 | €41,301 | +€3,349 | +8.8% |
| Other operating charges | 640/8 | €5,556 | €6,976 | +€1,420 | +25.5% |
| Gross operating margin | 9900 | €594,064 | €749,978 | +€155,914 | +26.2% |
| Operating profit (loss) | 9901 | €368,231 | €322,327 | -€45,904 | -12.5% |
| Financial income | 75/76B | €432,964 | €3,436,919 | +€3.0m | +693.8% |
| Recurring financial income | 75 | €410,900 | €458,278 | +€47,378 | +11.5% |
| Non-recurring financial income | 76B | €22,064 | €2,978,641 | +€3.0m | +13400.0% |
| Financial charges | 65/66B | €31,319 | €56,178 | +€24,859 | +79.4% |
| Recurring financial charges | 65 | €22,449 | €13,178 | -€9,271 | -41.3% |
| Non-recurring financial charges | 66B | €8,870 | €43,000 | +€34,130 | +384.8% |
| Profit (loss) for the period before taxes | 9903 | €769,876 | €3,703,068 | +€2.9m | +381.0% |
| Income taxes | 67/77 | €177,539 | €496,309 | +€318,770 | +179.5% |
| Profit (loss) for the period | 9904 | €592,337 | €3,206,759 | +€2.6m | +441.4% |
| Profit (loss) for the period to be appropriated | 9905 | €592,337 | €3,206,759 | +€2.6m | +441.4% |
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 4 October 2026 via checked.be.