IN SHAPE: 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.
IN SHAPE
Largest movements
- Receivables within one year +€24,471
up €24,471 (+42.4%), from €57,745 to €82,216
of which Other amounts receivable: +€53,348
- Cash -€14,235
down €14,235 (-64.2%), from €22,168 to €7,933
mainly Receivables within one year (-€24,471) and Trade debts (-€6,065)
- Tangible fixed assets -€8,788
down €8,788 (-17.8%), from €49,346 to €40,558
of which Furniture and vehicles: -€7,595
- Other debts +€10,690
new in 2025: €10,690
- Trade debts -€6,065
down €6,065 (-55.5%), from €10,934 to €4,870
- Profit (loss) carried forward +€2,271
up €2,271 (+11.5%), from -€19,713 to -€17,442
- Gross operating margin +€28,005
up €28,005, from -€14,240 to €13,765
- Other operating charges +€214
up €214 (+42.4%), from €505 to €720
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 | €214,707 | €218,291 | +€3,584 | +1.7% |
| Fixed assets | 21/28 | €49,346 | €40,558 | -€8,788 | -17.8% |
| Tangible fixed assets | 22/27 | €49,346 | €40,558 | -€8,788 | -17.8% |
| Plant, machinery and equipment | 23 | €8,314 | €7,122 | -€1,193 | -14.3% |
| Furniture and vehicles | 24 | €41,032 | €33,437 | -€7,595 | -18.5% |
| Current assets | 29/58 | €165,361 | €177,733 | +€12,372 | +7.5% |
| Amounts receivable after more than one year | 29 | €74,689 | €74,689 | = | 0.0% |
| Other amounts receivable | 291 | €74,689 | €74,689 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,745 | €82,216 | +€24,471 | +42.4% |
| Trade receivables | 40 | €41,664 | €12,787 | -€28,877 | -69.3% |
| Other amounts receivable | 41 | €16,081 | €69,429 | +€53,348 | +332% |
| Cash at bank and in hand | 54/58 | €22,168 | €7,933 | -€14,235 | -64.2% |
| Deferred charges and accrued income | 490/1 | €10,759 | €12,895 | +€2,136 | +19.9% |
| Total equity and liabilities | 10/49 | €214,707 | €218,291 | +€3,584 | +1.7% |
| Equity | 10/15 | €200,258 | €202,529 | +€2,271 | +1.1% |
| Contributions | 10/11 | €79,979 | €79,979 | = | 0.0% |
| Reserves | 13 | €139,992 | €139,992 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,998 | €7,998 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,998 | €7,998 | = | 0.0% |
| Distributable reserves | 133 | €131,994 | €131,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,713 | -€17,442 | +€2,271 | +11.5% |
| Amounts payable | 17/49 | €14,449 | €15,762 | +€1,313 | +9.1% |
| Amounts payable within one year | 42/48 | €13,088 | €15,762 | +€2,674 | +20.4% |
| Trade debts | 44 | €10,934 | €4,870 | -€6,065 | -55.5% |
| Suppliers | 440/4 | €10,934 | €4,870 | -€6,065 | -55.5% |
| Taxes, remuneration and social security | 45 | €2,154 | €202 | -€1,951 | -90.6% |
| Taxes | 450/3 | €2,154 | €202 | -€1,951 | -90.6% |
| Other amounts payable | 47/48 | - | €10,690 | +€10,690 | |
| Accrued charges and deferred income | 492/3 | €1,361 | €0 | -€1,361 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,644 | €13,738 | +€94 | +0.7% |
| Other operating charges | 640/8 | €505 | €720 | +€214 | +42.4% |
| Gross operating margin | 9900 | -€14,240 | €13,765 | +€28,005 | |
| Operating profit (loss) | 9901 | -€28,390 | -€693 | +€27,697 | +97.6% |
| Financial income | 75/76B | €3,243 | €3,350 | +€107 | +3.3% |
| Recurring financial income | 75 | €3,243 | €3,350 | +€107 | +3.3% |
| Financial charges | 65/66B | €212 | €215 | +€3 | +1.4% |
| Recurring financial charges | 65 | €212 | €215 | +€3 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,359 | €2,442 | +€27,801 | |
| Income taxes | 67/77 | €154 | €171 | +€17 | +11.1% |
| Profit (loss) for the period | 9904 | -€25,513 | €2,271 | +€27,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,513 | €2,271 | +€27,784 |
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.