L & A: 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.
L & A
Largest movements
- Receivables within one year +€6,619
up €6,619 (+156%), from €4,243 to €10,862
of which Trade receivables: +€6,619
- Receivables after one year +€4,525
new in 2025: €4,525
- Tangible fixed assets +€1,388
up €1,388 (+59.5%), from €2,333 to €3,722
- Deferred charges and accrued income +€829
new in 2025: €829
- Other debts +€9,821
up €9,821 (+9.1%), from €108,307 to €118,128
- Profit (loss) carried forward +€3,824
up €3,824 (+2.1%), from -€179,710 to -€175,886
- Tax, wage and social debts -€2,060
down €2,060 (-77.9%), from €2,645 to €585
- Trade debts +€1,804
up €1,804, from €0 to €1,804
- Gross operating margin -€2,062
down €2,062 (-21.7%), from €9,512 to €7,450
- Other operating charges -€738
down €738 (-40.7%), from €1,811 to €1,074
- Depreciation +€520
up €520 (+26.0%), from €2,000 to €2,520
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 | €6,849 | €20,238 | +€13,388 | +195% |
| Fixed assets | 21/28 | €2,333 | €3,722 | +€1,388 | +59.5% |
| Tangible fixed assets | 22/27 | €2,333 | €3,722 | +€1,388 | +59.5% |
| Furniture and vehicles | 24 | €2,333 | €3,722 | +€1,388 | +59.5% |
| Current assets | 29/58 | €4,516 | €16,516 | +€12,000 | +266% |
| Amounts receivable after more than one year | 29 | - | €4,525 | +€4,525 | |
| Other amounts receivable | 291 | - | €4,525 | +€4,525 | |
| Amounts receivable within one year | 40/41 | €4,243 | €10,862 | +€6,619 | +156% |
| Trade receivables | 40 | €3,993 | €10,612 | +€6,619 | +166% |
| Other amounts receivable | 41 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €273 | €300 | +€27 | +9.9% |
| Deferred charges and accrued income | 490/1 | - | €829 | +€829 | |
| Total equity and liabilities | 10/49 | €6,849 | €20,238 | +€13,388 | +195% |
| Equity | 10/15 | -€104,103 | -€100,279 | +€3,824 | +3.7% |
| Contributions | 10/11 | €75,608 | €75,608 | = | 0.0% |
| Capital | 10 | €75,608 | €75,608 | = | 0.0% |
| Issued capital | 100 | €75,608 | €75,608 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,710 | -€175,886 | +€3,824 | +2.1% |
| Amounts payable | 17/49 | €110,952 | €120,516 | +€9,564 | +8.6% |
| Amounts payable within one year | 42/48 | €110,952 | €120,516 | +€9,564 | +8.6% |
| Trade debts | 44 | €0 | €1,804 | +€1,804 | |
| Suppliers | 440/4 | €0 | €1,804 | +€1,804 | |
| Taxes, remuneration and social security | 45 | €2,645 | €585 | -€2,060 | -77.9% |
| Taxes | 450/3 | €2,645 | €585 | -€2,060 | -77.9% |
| Other amounts payable | 47/48 | €108,307 | €118,128 | +€9,821 | +9.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,000 | €2,520 | +€520 | +26.0% |
| Other operating charges | 640/8 | €1,811 | €1,074 | -€738 | -40.7% |
| Gross operating margin | 9900 | €9,512 | €7,450 | -€2,062 | -21.7% |
| Operating profit (loss) | 9901 | €5,701 | €3,857 | -€1,844 | -32.3% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €39 | €39 | +€0 | +0.1% |
| Recurring financial charges | 65 | €39 | €39 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €5,662 | €3,843 | -€1,819 | -32.1% |
| Income taxes | 67/77 | - | €19 | +€19 | |
| Profit (loss) for the period | 9904 | €5,662 | €3,824 | -€1,838 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,662 | €3,824 | -€1,838 | -32.5% |
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.