ITERATIVE: 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.
ITERATIVE
Largest movements
- Tangible fixed assets -€5,631
down €5,631 (-86.8%), from €6,488 to €857
- Deferred charges and accrued income -€2,361
no longer reported in 2025 (was €2,361)
- Receivables within one year +€508
up €508 (+101%), from €505 to €1,014
of which Trade receivables: +€1,014
- Cash -€316
down €316 (-21.7%), from €1,457 to €1,141
mainly Net result for the year (-€7,622) and Other debts (-€779)
- Profit (loss) carried forward -€7,622
down €7,622 (-11.0%), from -€69,031 to -€76,653
- Trade debts +€847
up €847 (+35.9%), from €2,361 to €3,208
- Other debts -€779
down €779 (-1.4%), from €54,597 to €53,818
- Short-term financial debts -€616
down €616 (-93.6%), from €658 to €42
- Tax, wage and social debts +€345
up €345 (+152%), from €227 to €572
- Gross operating margin +€1,855
up €1,855 (+60.7%), from -€3,055 to -€1,200
- Other operating charges -€480
down €480 (-49.1%), from €977 to €498
- Depreciation +€283
up €283 (+5.3%), from €5,348 to €5,631
- Financial charges -€151
down €151 (-44.5%), from €339 to €188
- Taxes -€122
down €122 (-53.7%), from €227 to €105
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 | €10,812 | €3,012 | -€7,800 | -72.1% |
| Fixed assets | 21/28 | €6,488 | €857 | -€5,631 | -86.8% |
| Tangible fixed assets | 22/27 | €6,488 | €857 | -€5,631 | -86.8% |
| Furniture and vehicles | 24 | €6,488 | €857 | -€5,631 | -86.8% |
| Current assets | 29/58 | €4,324 | €2,155 | -€2,169 | -50.2% |
| Amounts receivable within one year | 40/41 | €505 | €1,014 | +€508 | +101% |
| Trade receivables | 40 | - | €1,014 | +€1,014 | |
| Other amounts receivable | 41 | €505 | - | -€505 | |
| Cash at bank and in hand | 54/58 | €1,457 | €1,141 | -€316 | -21.7% |
| Deferred charges and accrued income | 490/1 | €2,361 | - | -€2,361 | |
| Total equity and liabilities | 10/49 | €10,812 | €3,012 | -€7,800 | -72.1% |
| Equity | 10/15 | -€47,031 | -€54,653 | -€7,622 | -16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,031 | -€76,653 | -€7,622 | -11.0% |
| Amounts payable | 17/49 | €57,843 | €57,665 | -€178 | -0.3% |
| Amounts payable within one year | 42/48 | €57,843 | €57,640 | -€203 | -0.4% |
| Financial debts | 43 | €658 | €42 | -€616 | -93.6% |
| Credit institutions | 430/8 | €658 | €42 | -€616 | -93.6% |
| Trade debts | 44 | €2,361 | €3,208 | +€847 | +35.9% |
| Suppliers | 440/4 | €2,361 | €3,208 | +€847 | +35.9% |
| Taxes, remuneration and social security | 45 | €227 | €572 | +€345 | +152% |
| Taxes | 450/3 | €227 | €572 | +€345 | +152% |
| Other amounts payable | 47/48 | €54,597 | €53,818 | -€779 | -1.4% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,348 | €5,631 | +€283 | +5.3% |
| Other operating charges | 640/8 | €977 | €498 | -€480 | -49.1% |
| Gross operating margin | 9900 | -€3,055 | -€1,200 | +€1,855 | +60.7% |
| Operating profit (loss) | 9901 | -€9,381 | -€7,329 | +€2,052 | +21.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €339 | €188 | -€151 | -44.5% |
| Recurring financial charges | 65 | €339 | €188 | -€151 | -44.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,719 | -€7,517 | +€2,202 | +22.7% |
| Income taxes | 67/77 | €227 | €105 | -€122 | -53.7% |
| Profit (loss) for the period | 9904 | -€9,946 | -€7,622 | +€2,324 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,946 | -€7,622 | +€2,324 | +23.4% |
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 14 October 2026 via checked.be.