Label 176: 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.
Label 176
Largest movements
- Receivables within one year -€59,642
down €59,642 (-48.5%), from €123,079 to €63,438
of which Trade receivables: -€98,940
- Debts after one year -€33,058
no longer reported in 2025 (was €33,058)
- Current portion of long-term debt -€16,517
down €16,517 (-41.7%), from €39,576 to €23,058
- Reserves -€6,636
down €6,636 (-26.7%), from €24,871 to €18,235
of which Distributable reserves: -€6,636
- Trade debts -€2,038
down €2,038 (-95.8%), from €2,128 to €90
- Financial income -€6,881
no longer reported in 2025 (was €6,881)
- Gross operating margin -€3,252
down €3,252 (-158%), from -€2,063 to -€5,315
- Financial charges -€1,848
down €1,848 (-69.4%), from €2,662 to €814
- Taxes -€774
no longer reported in 2025 (was €774)
- Other operating charges -€160
down €160 (-24.0%), from €667 to €507
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 | €126,431 | €66,984 | -€59,447 | -47.0% |
| Current assets | 29/58 | €126,431 | €66,984 | -€59,447 | -47.0% |
| Amounts receivable within one year | 40/41 | €123,079 | €63,438 | -€59,642 | -48.5% |
| Trade receivables | 40 | €121,411 | €22,471 | -€98,940 | -81.5% |
| Other amounts receivable | 41 | €1,669 | €40,967 | +€39,298 | +2,355% |
| Cash at bank and in hand | 54/58 | €3,351 | €3,546 | +€194 | +5.8% |
| Total equity and liabilities | 10/49 | €126,431 | €66,984 | -€59,447 | -47.0% |
| Equity | 10/15 | €43,471 | €36,835 | -€6,636 | -15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,871 | €18,235 | -€6,636 | -26.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,011 | €16,375 | -€6,636 | -28.8% |
| Amounts payable | 17/49 | €82,960 | €30,149 | -€52,812 | -63.7% |
| Amounts payable after more than one year | 17 | €33,058 | - | -€33,058 | |
| Financial debts | 170/4 | €33,058 | - | -€33,058 | |
| Amounts payable within one year | 42/48 | €49,902 | €30,149 | -€19,753 | -39.6% |
| Current portion of amounts payable after more than one year | 42 | €39,576 | €23,058 | -€16,517 | -41.7% |
| Trade debts | 44 | €2,128 | €90 | -€2,038 | -95.8% |
| Suppliers | 440/4 | €2,128 | €90 | -€2,038 | -95.8% |
| Taxes, remuneration and social security | 45 | €397 | - | -€397 | |
| Taxes | 450/3 | €397 | - | -€397 | |
| Other amounts payable | 47/48 | €7,800 | €7,000 | -€800 | -10.3% |
| Other operating charges | 640/8 | €667 | €507 | -€160 | -24.0% |
| Gross operating margin | 9900 | -€2,063 | -€5,315 | -€3,252 | -158% |
| Operating profit (loss) | 9901 | -€2,730 | -€5,822 | -€3,092 | -113% |
| Financial income | 75/76B | €6,881 | - | -€6,881 | |
| Recurring financial income | 75 | €6,881 | - | -€6,881 | |
| Financial charges | 65/66B | €2,662 | €814 | -€1,848 | -69.4% |
| Recurring financial charges | 65 | €2,662 | €814 | -€1,848 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €1,489 | -€6,636 | -€8,125 | |
| Income taxes | 67/77 | €774 | - | -€774 | |
| Profit (loss) for the period | 9904 | €715 | -€6,636 | -€7,351 | |
| Profit (loss) for the period to be appropriated | 9905 | €715 | -€6,636 | -€7,351 |
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.