Impact: 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.
Impact
Largest movements
- Receivables within one year -€24,583
down €24,583 (-4.0%), from €612,595 to €588,012
of which Trade receivables: -€24,583
- Cash -€11,542
down €11,542 (-15.4%), from €74,817 to €63,274
mainly Debts after one year (-€103,763) and Contributions, distributions and other (-€52,632)
- Tangible fixed assets +€7,919
up €7,919 (+189%), from €4,185 to €12,104
of which Furniture and vehicles: +€8,130
- Debts after one year -€103,763
down €103,763 (-80.5%), from €128,942 to €25,179
- Tax, wage and social debts +€40,230
up €40,230 (+403%), from €9,987 to €50,216
of which Taxes: +€40,232
- Reserves +€33,476
up €33,476 (+6.3%), from €530,943 to €564,419
of which Distributable reserves: +€33,476
- Gross operating margin +€140,065
up €140,065, from -€21,852 to €118,213
- Taxes +€29,305
up €29,305 (+17,406%), from €168 to €29,474
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 | €693,098 | €664,050 | -€29,048 | -4.2% |
| Fixed assets | 21/28 | €4,185 | €12,104 | +€7,919 | +189% |
| Tangible fixed assets | 22/27 | €4,185 | €12,104 | +€7,919 | +189% |
| Plant, machinery and equipment | 23 | €3,825 | €3,614 | -€211 | -5.5% |
| Furniture and vehicles | 24 | €360 | €8,490 | +€8,130 | +2,259% |
| Current assets | 29/58 | €688,914 | €651,946 | -€36,968 | -5.4% |
| Amounts receivable within one year | 40/41 | €612,595 | €588,012 | -€24,583 | -4.0% |
| Trade receivables | 40 | €309,976 | €285,393 | -€24,583 | -7.9% |
| Other amounts receivable | 41 | €302,619 | €302,619 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,817 | €63,274 | -€11,542 | -15.4% |
| Deferred charges and accrued income | 490/1 | €1,502 | €660 | -€842 | -56.1% |
| Total equity and liabilities | 10/49 | €693,098 | €664,050 | -€29,048 | -4.2% |
| Equity | 10/15 | €549,535 | €583,011 | +€33,476 | +6.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €530,943 | €564,419 | +€33,476 | +6.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €515,943 | €549,419 | +€33,476 | +6.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €143,564 | €81,039 | -€62,524 | -43.6% |
| Amounts payable after more than one year | 17 | €128,942 | €25,179 | -€103,763 | -80.5% |
| Other amounts payable | 178/9 | €128,942 | €25,179 | -€103,763 | -80.5% |
| Amounts payable within one year | 42/48 | €14,622 | €55,861 | +€41,239 | +282% |
| Trade debts | 44 | €4,635 | €5,644 | +€1,009 | +21.8% |
| Suppliers | 440/4 | €4,635 | €5,644 | +€1,009 | +21.8% |
| Taxes, remuneration and social security | 45 | €9,987 | €50,216 | +€40,230 | +403% |
| Taxes | 450/3 | €9,984 | €50,216 | +€40,232 | +403% |
| Remuneration and social security | 454/9 | €2 | €0 | -€2 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,999 | €1,578 | -€421 | -21.0% |
| Other operating charges | 640/8 | €1,075 | €863 | -€212 | -19.7% |
| Gross operating margin | 9900 | -€21,852 | €118,213 | +€140,065 | |
| Operating profit (loss) | 9901 | -€24,926 | €115,771 | +€140,697 | |
| Financial income | 75/76B | €238 | €177 | -€61 | -25.4% |
| Recurring financial income | 75 | €238 | €177 | -€61 | -25.4% |
| Financial charges | 65/66B | €458 | €367 | -€90 | -19.7% |
| Recurring financial charges | 65 | €458 | €367 | -€90 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€25,146 | €115,581 | +€140,727 | |
| Income taxes | 67/77 | €168 | €29,474 | +€29,305 | +17,406% |
| Profit (loss) for the period | 9904 | -€25,314 | €86,108 | +€111,422 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,314 | €86,108 | +€111,422 |
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 27 October 2026 via checked.be.