I FAIR: 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.
I FAIR
Largest movements
- Receivables within one year +€38,426
up €38,426 (+42.7%), from €90,028 to €128,454
of which Trade receivables: +€33,622
- Tangible fixed assets -€16,088
down €16,088 (-18.4%), from €87,646 to €71,558
of which Furniture and vehicles: -€16,160
- Trade debts +€55,446
up €55,446 (+66.5%), from €83,359 to €138,805
- Debts after one year -€8,256
down €8,256 (-28.4%), from €29,053 to €20,797
- Short-term financial debts -€7,200
down €7,200 (-15.7%), from €46,000 to €38,800
- Profit (loss) carried forward -€6,550
down €6,550 (-19.9%), from €32,887 to €26,337
- Other debts -€5,323
down €5,323 (-16.5%), from €32,289 to €26,966
- Gross operating margin -€29,500
down €29,500 (-56.4%), from €52,315 to €22,815
- Staff costs -€14,180
down €14,180 (-95.2%), from €14,897 to €717
- Depreciation +€6,225
up €6,225 (+39.4%), from €15,805 to €22,030
- Financial charges -€3,768
down €3,768 (-36.5%), from €10,314 to €6,545
- Other operating charges -€1,046
down €1,046 (-60.7%), from €1,722 to €676
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 | €256,501 | €280,879 | +€24,378 | +9.5% |
| Fixed assets | 21/28 | €87,701 | €71,613 | -€16,088 | -18.3% |
| Tangible fixed assets | 22/27 | €87,646 | €71,558 | -€16,088 | -18.4% |
| Plant, machinery and equipment | 23 | €13,783 | €13,855 | +€72 | +0.5% |
| Furniture and vehicles | 24 | €73,863 | €57,702 | -€16,160 | -21.9% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €168,800 | €209,266 | +€40,466 | +24.0% |
| Stocks and contracts in progress | 3 | €76,814 | €76,814 | = | 0.0% |
| Stocks | 30/36 | €76,814 | €76,814 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €90,028 | €128,454 | +€38,426 | +42.7% |
| Trade receivables | 40 | €39,069 | €72,691 | +€33,622 | +86.1% |
| Other amounts receivable | 41 | €50,959 | €55,763 | +€4,804 | +9.4% |
| Cash at bank and in hand | 54/58 | €1,959 | €1,764 | -€194 | -9.9% |
| Deferred charges and accrued income | 490/1 | - | €2,233 | +€2,233 | |
| Total equity and liabilities | 10/49 | €256,501 | €280,879 | +€24,378 | +9.5% |
| Equity | 10/15 | €40,942 | €34,392 | -€6,550 | -16.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,550 | €18,550 | = | 0.0% |
| Uncalled capital | 101 | €12,350 | €12,350 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,887 | €26,337 | -€6,550 | -19.9% |
| Amounts payable | 17/49 | €215,559 | €246,486 | +€30,927 | +14.3% |
| Amounts payable after more than one year | 17 | €29,053 | €20,797 | -€8,256 | -28.4% |
| Financial debts | 170/4 | €29,053 | €20,797 | -€8,256 | -28.4% |
| Amounts payable within one year | 42/48 | €172,909 | €212,827 | +€39,918 | +23.1% |
| Current portion of amounts payable after more than one year | 42 | €7,887 | €8,256 | +€369 | +4.7% |
| Financial debts | 43 | €46,000 | €38,800 | -€7,200 | -15.7% |
| Credit institutions | 430/8 | €46,000 | €38,800 | -€7,200 | -15.7% |
| Trade debts | 44 | €83,359 | €138,805 | +€55,446 | +66.5% |
| Suppliers | 440/4 | €83,359 | €138,805 | +€55,446 | +66.5% |
| Taxes, remuneration and social security | 45 | €3,375 | €1 | -€3,374 | -100.0% |
| Taxes | 450/3 | €3,112 | €1 | -€3,111 | -100.0% |
| Remuneration and social security | 454/9 | €263 | - | -€263 | |
| Other amounts payable | 47/48 | €32,289 | €26,966 | -€5,323 | -16.5% |
| Accrued charges and deferred income | 492/3 | €13,597 | €12,862 | -€736 | -5.4% |
| Remuneration, social security and pensions | 62 | €14,897 | €717 | -€14,180 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,805 | €22,030 | +€6,225 | +39.4% |
| Other operating charges | 640/8 | €1,722 | €676 | -€1,046 | -60.7% |
| Gross operating margin | 9900 | €52,315 | €22,815 | -€29,500 | -56.4% |
| Operating profit (loss) | 9901 | €19,891 | -€609 | -€20,500 | |
| Financial income | 75/76B | €5 | €604 | +€599 | +11435.1% |
| Recurring financial income | 75 | €5 | €604 | +€599 | +11435.1% |
| Financial charges | 65/66B | €10,314 | €6,545 | -€3,768 | -36.5% |
| Recurring financial charges | 65 | €10,314 | €6,545 | -€3,768 | -36.5% |
| Profit (loss) for the period before taxes | 9903 | €9,583 | -€6,550 | -€16,132 | |
| Income taxes | 67/77 | €806 | - | -€806 | |
| Profit (loss) for the period | 9904 | €8,776 | -€6,550 | -€15,326 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,776 | -€6,550 | -€15,326 |
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 9 October 2026 via checked.be.