KEY CONCEPT: 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.
KEY CONCEPT
Largest movements
- Receivables within one year -€21,998
down €21,998 (-37.3%), from €58,971 to €36,973
of which Trade receivables: -€18,031
- Cash +€15,918
new in 2025: €15,918
mainly Receivables within one year (+€21,998) and Advances received (+€10,120)
- Tangible fixed assets -€2,320
down €2,320 (-32.1%), from €7,231 to €4,912
of which Plant, machinery and equipment: -€1,331
- Profit (loss) carried forward -€15,720
down €15,720 (-62.1%), from €25,319 to €9,598
- Advances received +€10,120
new in 2025: €10,120
- Other debts -€3,906
down €3,906 (-74.6%), from €5,234 to €1,328
- Trade debts +€2,095
up €2,095 (+19.0%), from €11,003 to €13,098
- Tax, wage and social debts -€1,248
down €1,248 (-61.0%), from €2,047 to €799
- Gross operating margin -€25,026
down €25,026, from €11,389 to -€13,638
- Taxes -€1,248
down €1,248 (-61.0%), from €2,047 to €799
- Other operating charges -€1,109
down €1,109 (-62.4%), from €1,779 to €670
- Depreciation -€509
down €509 (-16.4%), from €3,108 to €2,599
- Financial charges +€158
up €158 (+81.6%), from €194 to €352
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 | €71,133 | €62,444 | -€8,689 | -12.2% |
| Fixed assets | 21/28 | €10,331 | €8,012 | -€2,320 | -22.5% |
| Tangible fixed assets | 22/27 | €7,231 | €4,912 | -€2,320 | -32.1% |
| Plant, machinery and equipment | 23 | €5,611 | €4,281 | -€1,331 | -23.7% |
| Furniture and vehicles | 24 | €1,620 | €631 | -€989 | -61.0% |
| Financial fixed assets | 28 | €3,100 | €3,100 | = | 0.0% |
| Current assets | 29/58 | €60,801 | €54,432 | -€6,369 | -10.5% |
| Amounts receivable within one year | 40/41 | €58,971 | €36,973 | -€21,998 | -37.3% |
| Trade receivables | 40 | €18,380 | €349 | -€18,031 | -98.1% |
| Other amounts receivable | 41 | €40,591 | €36,624 | -€3,967 | -9.8% |
| Cash at bank and in hand | 54/58 | - | €15,918 | +€15,918 | |
| Deferred charges and accrued income | 490/1 | €1,830 | €1,541 | -€289 | -15.8% |
| Total equity and liabilities | 10/49 | €71,133 | €62,444 | -€8,689 | -12.2% |
| Equity | 10/15 | €52,819 | €37,098 | -€15,720 | -29.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,319 | €9,598 | -€15,720 | -62.1% |
| Amounts payable | 17/49 | €18,314 | €25,345 | +€7,031 | +38.4% |
| Amounts payable within one year | 42/48 | €18,314 | €25,345 | +€7,031 | +38.4% |
| Financial debts | 43 | €29 | - | -€29 | |
| Credit institutions | 430/8 | €29 | - | -€29 | |
| Trade debts | 44 | €11,003 | €13,098 | +€2,095 | +19.0% |
| Suppliers | 440/4 | €11,003 | €13,098 | +€2,095 | +19.0% |
| Advances received on contracts in progress | 46 | - | €10,120 | +€10,120 | |
| Taxes, remuneration and social security | 45 | €2,047 | €799 | -€1,248 | -61.0% |
| Taxes | 450/3 | €2,047 | €799 | -€1,248 | -61.0% |
| Other amounts payable | 47/48 | €5,234 | €1,328 | -€3,906 | -74.6% |
| Non-recurring operating income | 76A | - | €978 | +€978 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,108 | €2,599 | -€509 | -16.4% |
| Other operating charges | 640/8 | €1,779 | €670 | -€1,109 | -62.4% |
| Non-recurring operating charges | 66A | €401 | - | -€401 | |
| Gross operating margin | 9900 | €11,389 | -€13,638 | -€25,026 | |
| Operating profit (loss) | 9901 | €6,101 | -€16,906 | -€23,007 | |
| Financial income | 75/76B | €2,254 | €2,337 | +€83 | +3.7% |
| Recurring financial income | 75 | €2,254 | €2,337 | +€83 | +3.7% |
| Financial charges | 65/66B | €194 | €352 | +€158 | +81.6% |
| Recurring financial charges | 65 | €194 | €352 | +€158 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €8,161 | -€14,921 | -€23,082 | |
| Income taxes | 67/77 | €2,047 | €799 | -€1,248 | -61.0% |
| Profit (loss) for the period | 9904 | €6,113 | -€15,720 | -€21,834 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,113 | -€15,720 | -€21,834 |
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.