indetailS: 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.
indetailS
Largest movements
- Cash -€30,314
down €30,314 (-26.4%), from €114,826 to €84,512
mainly Other debts (-€119,946) and Receivables within one year (-€19,241)
- Receivables within one year +€19,241
up €19,241 (+109%), from €17,639 to €36,880
of which Trade receivables: +€17,542
- Tangible fixed assets -€14,958
down €14,958 (-58.0%), from €25,802 to €10,844
of which Furniture and vehicles: -€22,368
- Current investments -€4,444
down €4,444 (-7.2%), from €61,346 to €56,902
- Other debts -€119,946
down €119,946 (-98.7%), from €121,557 to €1,611
- Reserves +€110,968
up €110,968 (+153%), from €72,325 to €183,293
- Debts after one year -€11,579
down €11,579 (-100%), from €11,579 to €0
- Current portion of long-term debt -€8,044
down €8,044 (-100%), from €8,044 to €0
- Gross operating margin +€10,912
up €10,912 (+8.2%), from €132,351 to €143,264
- Depreciation -€9,243
down €9,243 (-82.6%), from €11,193 to €1,950
- Taxes +€3,608
up €3,608 (+13.4%), from €26,865 to €30,473
- Financial income -€2,338
down €2,338 (-52.4%), from €4,460 to €2,122
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 | €220,674 | €191,074 | -€29,600 | -13.4% |
| Fixed assets | 21/28 | €25,802 | €10,844 | -€14,958 | -58.0% |
| Tangible fixed assets | 22/27 | €25,802 | €10,844 | -€14,958 | -58.0% |
| Plant, machinery and equipment | 23 | - | €2,778 | +€2,778 | |
| Furniture and vehicles | 24 | €23,961 | €1,594 | -€22,368 | -93.3% |
| Other tangible fixed assets | 26 | €1,841 | €6,473 | +€4,632 | +252% |
| Current assets | 29/58 | €194,872 | €180,230 | -€14,642 | -7.5% |
| Amounts receivable within one year | 40/41 | €17,639 | €36,880 | +€19,241 | +109% |
| Trade receivables | 40 | €16,781 | €34,323 | +€17,542 | +105% |
| Other amounts receivable | 41 | €859 | €2,557 | +€1,698 | +198% |
| Current investments | 50/53 | €61,346 | €56,902 | -€4,444 | -7.2% |
| Cash at bank and in hand | 54/58 | €114,826 | €84,512 | -€30,314 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,060 | €1,936 | +€876 | +82.7% |
| Total equity and liabilities | 10/49 | €220,674 | €191,074 | -€29,600 | -13.4% |
| Equity | 10/15 | €75,325 | €186,293 | +€110,968 | +147% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,325 | €183,293 | +€110,968 | +153% |
| Distributable reserves | 133 | €72,325 | €183,293 | +€110,968 | +153% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,349 | €4,781 | -€140,568 | -96.7% |
| Amounts payable after more than one year | 17 | €11,579 | €0 | -€11,579 | -100% |
| Financial debts | 170/4 | €11,579 | €0 | -€11,579 | -100% |
| Amounts payable within one year | 42/48 | €133,770 | €4,781 | -€128,989 | -96.4% |
| Current portion of amounts payable after more than one year | 42 | €8,044 | €0 | -€8,044 | -100% |
| Trade debts | 44 | €2,605 | €2,133 | -€472 | -18.1% |
| Suppliers | 440/4 | €2,605 | €2,133 | -€472 | -18.1% |
| Taxes, remuneration and social security | 45 | €1,565 | €1,037 | -€527 | -33.7% |
| Taxes | 450/3 | €1,565 | €1,037 | -€527 | -33.7% |
| Other amounts payable | 47/48 | €121,557 | €1,611 | -€119,946 | -98.7% |
| Non-recurring operating income | 76A | - | €26,055 | +€26,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,193 | €1,950 | -€9,243 | -82.6% |
| Other operating charges | 640/8 | €512 | €731 | +€219 | +42.7% |
| Gross operating margin | 9900 | €132,351 | €143,264 | +€10,912 | +8.2% |
| Operating profit (loss) | 9901 | €120,646 | €140,583 | +€19,937 | +16.5% |
| Financial income | 75/76B | €4,460 | €2,122 | -€2,338 | -52.4% |
| Recurring financial income | 75 | €4,460 | €2,122 | -€2,338 | -52.4% |
| Financial charges | 65/66B | €645 | €1,264 | +€619 | +95.9% |
| Recurring financial charges | 65 | €645 | €1,264 | +€619 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €124,461 | €141,441 | +€16,980 | +13.6% |
| Income taxes | 67/77 | €26,865 | €30,473 | +€3,608 | +13.4% |
| Profit (loss) for the period | 9904 | €97,596 | €110,968 | +€13,372 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,596 | €110,968 | +€13,372 | +13.7% |
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 15 October 2026 via checked.be.