IT'S ON: 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.
IT'S ON
Largest movements
- Cash -€14,748
down €14,748 (-10.2%), from €144,326 to €129,578
mainly Contributions, distributions and other (-€205,718) and Investment in fixed assets (net) (-€17,901)
- Current investments -€13,987
down €13,987 (-34.1%), from €41,000 to €27,013
- Tangible fixed assets +€13,479
up €13,479 (+38.4%), from €35,091 to €48,570
of which Other tangible fixed assets: +€12,465
- Reserves -€106,000
down €106,000 (-53.2%), from €199,127 to €93,127
- Other debts +€83,436
up €83,436 (+4,176%), from €1,998 to €85,434
- Tax, wage and social debts +€14,919
up €14,919 (+138%), from €10,808 to €25,727
- Debts after one year -€6,501
down €6,501 (-25.7%), from €25,329 to €18,828
- Gross operating margin +€12,286
up €12,286 (+9.4%), from €130,170 to €142,456
- Financial income +€1,647
up €1,647 (+5,538%), from €30 to €1,676
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 | €251,916 | €234,955 | -€16,962 | -6.7% |
| Fixed assets | 21/28 | €35,091 | €48,570 | +€13,479 | +38.4% |
| Tangible fixed assets | 22/27 | €35,091 | €48,570 | +€13,479 | +38.4% |
| Furniture and vehicles | 24 | €4,626 | €5,640 | +€1,014 | +21.9% |
| Other tangible fixed assets | 26 | €30,465 | €42,931 | +€12,465 | +40.9% |
| Current assets | 29/58 | €216,825 | €186,385 | -€30,441 | -14.0% |
| Amounts receivable within one year | 40/41 | €23,691 | €21,952 | -€1,738 | -7.3% |
| Trade receivables | 40 | €23,691 | €19,325 | -€4,366 | -18.4% |
| Other amounts receivable | 41 | €0 | €2,627 | +€2,627 | |
| Current investments | 50/53 | €41,000 | €27,013 | -€13,987 | -34.1% |
| Cash at bank and in hand | 54/58 | €144,326 | €129,578 | -€14,748 | -10.2% |
| Deferred charges and accrued income | 490/1 | €7,808 | €7,841 | +€32 | +0.4% |
| Total equity and liabilities | 10/49 | €251,916 | €234,955 | -€16,962 | -6.7% |
| Equity | 10/15 | €209,127 | €103,127 | -€106,000 | -50.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €199,127 | €93,127 | -€106,000 | -53.2% |
| Distributable reserves | 133 | €199,127 | €93,127 | -€106,000 | -53.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,790 | €131,828 | +€89,038 | +208% |
| Amounts payable after more than one year | 17 | €25,329 | €18,828 | -€6,501 | -25.7% |
| Other amounts payable | 178/9 | €25,329 | €18,828 | -€6,501 | -25.7% |
| Amounts payable within one year | 42/48 | €16,495 | €112,600 | +€96,105 | +583% |
| Trade debts | 44 | €3,689 | €1,439 | -€2,250 | -61.0% |
| Suppliers | 440/4 | €3,689 | €1,439 | -€2,250 | -61.0% |
| Taxes, remuneration and social security | 45 | €10,808 | €25,727 | +€14,919 | +138% |
| Taxes | 450/3 | €10,808 | €25,727 | +€14,919 | +138% |
| Other amounts payable | 47/48 | €1,998 | €85,434 | +€83,436 | +4,176% |
| Accrued charges and deferred income | 492/3 | €966 | €400 | -€566 | -58.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,270 | €4,422 | +€152 | +3.6% |
| Other operating charges | 640/8 | €1,258 | €1,931 | +€673 | +53.5% |
| Non-recurring operating charges | 66A | - | €6,149 | +€6,149 | |
| Gross operating margin | 9900 | €130,170 | €142,456 | +€12,286 | +9.4% |
| Operating profit (loss) | 9901 | €124,642 | €129,954 | +€5,312 | +4.3% |
| Financial income | 75/76B | €30 | €1,676 | +€1,647 | +5,538% |
| Recurring financial income | 75 | €30 | €1,676 | +€1,647 | +5,538% |
| Financial charges | 65/66B | €3,123 | €2,036 | -€1,086 | -34.8% |
| Recurring financial charges | 65 | €3,123 | €2,036 | -€1,086 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €121,549 | €129,594 | +€8,045 | +6.6% |
| Income taxes | 67/77 | €28,645 | €29,876 | +€1,230 | +4.3% |
| Profit (loss) for the period | 9904 | €92,903 | €99,718 | +€6,815 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €92,903 | €99,718 | +€6,815 | +7.3% |
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 19 October 2026 via checked.be.