IOANA BELEIU: 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.
IOANA BELEIU
Largest movements
- Receivables within one year +€60,111
up €60,111 (+97.8%), from €61,433 to €121,543
of which Trade receivables: +€45,557
- Cash +€19,014
up €19,014 (+37.2%), from €51,150 to €70,164
mainly Net result for the year (+€40,047) and Trade debts (+€39,523)
- Profit (loss) carried forward +€40,047
up €40,047 (+42.0%), from €95,404 to €135,451
- Trade debts +€39,523
up €39,523 (+844%), from €4,682 to €44,204
- Gross operating margin -€2,196
down €2,196 (-4.3%), from €51,247 to €49,051
- Financial income +€1,232
up €1,232 (+61.2%), from €2,015 to €3,247
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 | €113,807 | €193,039 | +€79,232 | +69.6% |
| Fixed assets | 21/28 | €1,049 | €1,331 | +€282 | +26.9% |
| Tangible fixed assets | 22/27 | €686 | €968 | +€282 | +41.1% |
| Furniture and vehicles | 24 | €686 | €968 | +€282 | +41.1% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €112,757 | €191,707 | +€78,950 | +70.0% |
| Amounts receivable within one year | 40/41 | €61,433 | €121,543 | +€60,111 | +97.8% |
| Trade receivables | 40 | €12,695 | €58,251 | +€45,557 | +359% |
| Other amounts receivable | 41 | €48,738 | €63,292 | +€14,554 | +29.9% |
| Cash at bank and in hand | 54/58 | €51,150 | €70,164 | +€19,014 | +37.2% |
| Deferred charges and accrued income | 490/1 | €175 | - | -€175 | |
| Total equity and liabilities | 10/49 | €113,807 | €193,039 | +€79,232 | +69.6% |
| Equity | 10/15 | €97,404 | €137,451 | +€40,047 | +41.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,404 | €135,451 | +€40,047 | +42.0% |
| Amounts payable | 17/49 | €16,402 | €55,587 | +€39,185 | +239% |
| Amounts payable within one year | 42/48 | €16,402 | €55,587 | +€39,185 | +239% |
| Trade debts | 44 | €4,682 | €44,204 | +€39,523 | +844% |
| Suppliers | 440/4 | €4,682 | €44,204 | +€39,523 | +844% |
| Taxes, remuneration and social security | 45 | €11,721 | €11,383 | -€338 | -2.9% |
| Taxes | 450/3 | €11,721 | €11,383 | -€338 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €327 | +€21 | +6.7% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €51,247 | €49,051 | -€2,196 | -4.3% |
| Operating profit (loss) | 9901 | €50,556 | €48,337 | -€2,220 | -4.4% |
| Financial income | 75/76B | €2,015 | €3,247 | +€1,232 | +61.2% |
| Recurring financial income | 75 | €2,015 | €3,247 | +€1,232 | +61.2% |
| Financial charges | 65/66B | €362 | €153 | -€209 | -57.7% |
| Recurring financial charges | 65 | €362 | €153 | -€209 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €52,209 | €51,430 | -€779 | -1.5% |
| Income taxes | 67/77 | €11,721 | €11,383 | -€338 | -2.9% |
| Profit (loss) for the period | 9904 | €40,489 | €40,047 | -€441 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €40,489 | €40,047 | -€441 | -1.1% |
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 23 October 2026 via checked.be.