JOURNAAL: 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.
JOURNAAL
Largest movements
- Receivables within one year +€2,964
up €2,964 (+1.6%), from €190,007 to €192,971
of which Trade receivables: +€1,986
- Profit (loss) carried forward +€22,521
up €22,521 (+19.2%), from -€117,531 to -€95,009
- Debts after one year -€21,649
down €21,649 (-16.4%), from €132,071 to €110,421
- Gross operating margin +€31,635
up €31,635, from -€7,290 to €24,345
- Taxes +€3,598
up €3,598 (+973.2%), from €370 to €3,967
- Depreciation -€1,703
down €1,703 (-76.9%), from €2,216 to €513
- Other operating charges -€1,317
down €1,317 (-68.5%), from €1,924 to €607
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.
Cash bridge derived
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 | €193,160 | €193,727 | +€567 | +0.3% |
| Fixed assets | 21/28 | €1,072 | €559 | -€513 | -47.8% |
| Tangible fixed assets | 22/27 | €1,072 | €559 | -€513 | -47.8% |
| Plant, machinery and equipment | 23 | €961 | €559 | -€402 | -41.8% |
| Furniture and vehicles | 24 | €111 | €0 | -€111 | -100.0% |
| Current assets | 29/58 | €192,088 | €193,168 | +€1,079 | +0.6% |
| Amounts receivable within one year | 40/41 | €190,007 | €192,971 | +€2,964 | +1.6% |
| Trade receivables | 40 | €4,788 | €6,775 | +€1,986 | +41.5% |
| Other amounts receivable | 41 | €185,218 | €186,196 | +€978 | +0.5% |
| Cash at bank and in hand | 54/58 | €946 | €197 | -€749 | -79.2% |
| Deferred charges and accrued income | 490/1 | €1,136 | €0 | -€1,136 | -100.0% |
| Total equity and liabilities | 10/49 | €193,160 | €193,727 | +€567 | +0.3% |
| Equity | 10/15 | €59,482 | €82,003 | +€22,521 | +37.9% |
| Contributions | 10/11 | €177,000 | €177,000 | = | 0.0% |
| Reserves | 13 | €13 | €13 | = | 0.0% |
| Tax-exempt reserves | 132 | €13 | €13 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€117,531 | -€95,009 | +€22,521 | +19.2% |
| Amounts payable | 17/49 | €133,678 | €111,724 | -€21,954 | -16.4% |
| Amounts payable after more than one year | 17 | €132,071 | €110,421 | -€21,649 | -16.4% |
| Other amounts payable | 178/9 | €132,071 | €110,421 | -€21,649 | -16.4% |
| Amounts payable within one year | 42/48 | €1,608 | €1,303 | -€305 | -19.0% |
| Financial debts | 43 | €981 | €11 | -€970 | -98.9% |
| Other loans | 439 | €981 | €11 | -€970 | -98.9% |
| Trade debts | 44 | €627 | €324 | -€303 | -48.3% |
| Suppliers | 440/4 | €627 | €324 | -€303 | -48.3% |
| Taxes, remuneration and social security | 45 | €0 | €967 | +€967 | |
| Taxes | 450/3 | €0 | €967 | +€967 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,216 | €513 | -€1,703 | -76.9% |
| Other operating charges | 640/8 | €1,924 | €607 | -€1,317 | -68.5% |
| Gross operating margin | 9900 | -€7,290 | €24,345 | +€31,635 | |
| Operating profit (loss) | 9901 | -€11,430 | €23,225 | +€34,655 | |
| Financial income | 75/76B | €3,507 | €3,617 | +€110 | +3.1% |
| Recurring financial income | 75 | €3,507 | €3,617 | +€110 | +3.1% |
| Financial charges | 65/66B | €348 | €353 | +€5 | +1.3% |
| Recurring financial charges | 65 | €348 | €353 | +€5 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€8,272 | €26,489 | +€34,760 | |
| Income taxes | 67/77 | €370 | €3,967 | +€3,598 | +973.2% |
| Profit (loss) for the period | 9904 | -€8,641 | €22,521 | +€31,163 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,641 | €22,521 | +€31,163 |
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 9 October 2026 via checked.be.