INVENTION: 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.
INVENTION
Largest movements
- Cash +€58,103
up €58,103 (+354%), from €16,407 to €74,510
mainly Net result for the year (+€28,360) and Receivables within one year (+€26,824)
- Receivables within one year -€26,824
down €26,824 (-79.9%), from €33,588 to €6,764
of which Trade receivables: -€27,313
- Tangible fixed assets -€9,139
down €9,139 (-29.2%), from €31,259 to €22,119
- Reserves +€28,360
up €28,360 (+73.1%), from €38,792 to €67,153
- Debts after one year -€3,950
no longer reported in 2025 (was €3,950)
- Current portion of long-term debt +€3,915
up €3,915 (+70.5%), from €5,554 to €9,469
- Tax, wage and social debts -€3,634
down €3,634 (-76.1%), from €4,777 to €1,143
- Trade debts -€3,246
down €3,246 (-55.5%), from €5,849 to €2,603
- Gross operating margin +€30,104
up €30,104 (+70.1%), from €42,966 to €73,070
- Other operating charges +€20,187
up €20,187 (+3,194%), from €632 to €20,820
- Taxes +€8,060
up €8,060 (+147%), from €5,497 to €13,558
- Financial charges -€771
down €771 (-55.1%), from €1,399 to €628
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 | €81,741 | €103,770 | +€22,029 | +26.9% |
| Fixed assets | 21/28 | €31,259 | €22,119 | -€9,139 | -29.2% |
| Tangible fixed assets | 22/27 | €31,259 | €22,119 | -€9,139 | -29.2% |
| Furniture and vehicles | 24 | €31,259 | €22,119 | -€9,139 | -29.2% |
| Current assets | 29/58 | €50,483 | €81,651 | +€31,168 | +61.7% |
| Amounts receivable within one year | 40/41 | €33,588 | €6,764 | -€26,824 | -79.9% |
| Trade receivables | 40 | €32,825 | €5,512 | -€27,313 | -83.2% |
| Other amounts receivable | 41 | €763 | €1,252 | +€489 | +64.1% |
| Cash at bank and in hand | 54/58 | €16,407 | €74,510 | +€58,103 | +354% |
| Deferred charges and accrued income | 490/1 | €487 | €376 | -€111 | -22.8% |
| Total equity and liabilities | 10/49 | €81,741 | €103,770 | +€22,029 | +26.9% |
| Equity | 10/15 | €58,892 | €87,253 | +€28,360 | +48.2% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Reserves | 13 | €38,792 | €67,153 | +€28,360 | +73.1% |
| Distributable reserves | 133 | €38,792 | €67,153 | +€28,360 | +73.1% |
| Amounts payable | 17/49 | €22,849 | €16,517 | -€6,331 | -27.7% |
| Amounts payable after more than one year | 17 | €3,950 | - | -€3,950 | |
| Financial debts | 170/4 | €3,950 | - | -€3,950 | |
| Amounts payable within one year | 42/48 | €16,180 | €13,257 | -€2,922 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €5,554 | €9,469 | +€3,915 | +70.5% |
| Financial debts | 43 | - | €42 | +€42 | |
| Credit institutions | 430/8 | - | €42 | +€42 | |
| Trade debts | 44 | €5,849 | €2,603 | -€3,246 | -55.5% |
| Suppliers | 440/4 | €5,849 | €2,603 | -€3,246 | -55.5% |
| Taxes, remuneration and social security | 45 | €4,777 | €1,143 | -€3,634 | -76.1% |
| Taxes | 450/3 | €4,777 | €1,143 | -€3,634 | -76.1% |
| Accrued charges and deferred income | 492/3 | €2,719 | €3,260 | +€541 | +19.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,800 | €9,139 | +€339 | +3.8% |
| Other operating charges | 640/8 | €632 | €20,820 | +€20,187 | +3,194% |
| Non-recurring operating charges | 66A | - | €763 | +€763 | |
| Gross operating margin | 9900 | €42,966 | €73,070 | +€30,104 | +70.1% |
| Operating profit (loss) | 9901 | €33,533 | €42,349 | +€8,815 | +26.3% |
| Financial income | 75/76B | €15 | €198 | +€183 | +1,248% |
| Recurring financial income | 75 | €15 | €198 | +€183 | +1,248% |
| Financial charges | 65/66B | €1,399 | €628 | -€771 | -55.1% |
| Recurring financial charges | 65 | €1,399 | €628 | -€771 | -55.1% |
| Profit (loss) for the period before taxes | 9903 | €32,149 | €41,918 | +€9,769 | +30.4% |
| Income taxes | 67/77 | €5,497 | €13,558 | +€8,060 | +147% |
| Profit (loss) for the period | 9904 | €26,652 | €28,360 | +€1,708 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,652 | €28,360 | +€1,708 | +6.4% |
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 16 October 2026 via checked.be.