LA TABLE DE MAXIME: 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.
LA TABLE DE MAXIME
Largest movements
- Current investments -€1.1m
no longer reported in 2025 (was €1.1m)
- Tangible fixed assets +€727,803
up €727,803 (+62.5%), from €1.2m to €1.9m
of which Land and buildings: +€709,194
- Cash +€371,251
up €371,251 (+134%), from €277,884 to €649,135
mainly Current investments (+€1.1m) and Net result for the year (+€213,990)
- Tax, wage and social debts -€58,247
down €58,247 (-24.6%), from €237,030 to €178,783
of which Taxes: -€43,521
- Other debts +€38,191
up €38,191 (+27.3%), from €139,984 to €178,175
- Advances received -€36,294
down €36,294 (-59.8%), from €60,698 to €24,404
- Trade debts +€28,664
up €28,664 (+56.2%), from €51,031 to €79,695
- Gross operating margin -€98,852
down €98,852 (-8.1%), from €1.2m to €1.1m
- Staff costs -€83,262
down €83,262 (-11.1%), from €750,997 to €667,735
- Depreciation +€33,890
up €33,890 (+38.2%), from €88,613 to €122,503
- Taxes -€12,501
down €12,501 (-9.7%), from €129,314 to €116,813
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 | €2,742,904 | €2,741,461 | -€1,443 | -0.1% |
| Fixed assets | 21/28 | €1,171,877 | €1,899,680 | +€727,803 | +62.1% |
| Tangible fixed assets | 22/27 | €1,164,455 | €1,892,258 | +€727,803 | +62.5% |
| Land and buildings | 22 | €1,027,840 | €1,737,034 | +€709,194 | +69.0% |
| Plant, machinery and equipment | 23 | €101,928 | €81,345 | -€20,583 | -20.2% |
| Furniture and vehicles | 24 | €34,687 | €73,879 | +€39,192 | +113% |
| Financial fixed assets | 28 | €7,422 | €7,422 | = | 0.0% |
| Current assets | 29/58 | €1,571,027 | €841,781 | -€729,246 | -46.4% |
| Stocks and contracts in progress | 3 | €185,259 | €189,988 | +€4,729 | +2.6% |
| Stocks | 30/36 | €185,259 | €189,988 | +€4,729 | +2.6% |
| Amounts receivable within one year | 40/41 | €4,259 | €1,486 | -€2,773 | -65.1% |
| Trade receivables | 40 | €4,259 | €1,486 | -€2,773 | -65.1% |
| Current investments | 50/53 | €1,100,000 | - | -€1.1m | |
| Cash at bank and in hand | 54/58 | €277,884 | €649,135 | +€371,251 | +134% |
| Deferred charges and accrued income | 490/1 | €3,625 | €1,172 | -€2,453 | -67.7% |
| Total equity and liabilities | 10/49 | €2,742,904 | €2,741,461 | -€1,443 | -0.1% |
| Equity | 10/15 | €2,254,161 | €2,280,404 | +€26,243 | +1.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,235,611 | €2,261,854 | +€26,243 | +1.2% |
| Distributable reserves | 133 | €2,235,611 | €2,261,854 | +€26,243 | +1.2% |
| Amounts payable | 17/49 | €488,743 | €461,057 | -€27,686 | -5.7% |
| Amounts payable within one year | 42/48 | €488,743 | €461,057 | -€27,686 | -5.7% |
| Trade debts | 44 | €51,031 | €79,695 | +€28,664 | +56.2% |
| Suppliers | 440/4 | €51,031 | €79,695 | +€28,664 | +56.2% |
| Advances received on contracts in progress | 46 | €60,698 | €24,404 | -€36,294 | -59.8% |
| Taxes, remuneration and social security | 45 | €237,030 | €178,783 | -€58,247 | -24.6% |
| Taxes | 450/3 | €153,258 | €109,737 | -€43,521 | -28.4% |
| Remuneration and social security | 454/9 | €83,772 | €69,046 | -€14,726 | -17.6% |
| Other amounts payable | 47/48 | €139,984 | €178,175 | +€38,191 | +27.3% |
| Remuneration, social security and pensions | 62 | €750,997 | €667,735 | -€83,262 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,613 | €122,503 | +€33,890 | +38.2% |
| Other operating charges | 640/8 | €4,875 | €13,661 | +€8,786 | +180% |
| Gross operating margin | 9900 | €1,226,177 | €1,127,325 | -€98,852 | -8.1% |
| Operating profit (loss) | 9901 | €381,692 | €323,426 | -€58,266 | -15.3% |
| Financial income | 75/76B | €10,613 | €22,750 | +€12,137 | +114% |
| Recurring financial income | 75 | €10,613 | €22,750 | +€12,137 | +114% |
| Financial charges | 65/66B | €16,476 | €15,373 | -€1,103 | -6.7% |
| Recurring financial charges | 65 | €16,476 | €15,373 | -€1,103 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €375,829 | €330,803 | -€45,026 | -12.0% |
| Income taxes | 67/77 | €129,314 | €116,813 | -€12,501 | -9.7% |
| Profit (loss) for the period | 9904 | €246,515 | €213,990 | -€32,525 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €246,515 | €213,990 | -€32,525 | -13.2% |
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 24 October 2026 via checked.be.