Lead Driver: what changed
Two fiscal 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.
Lead Driver
Largest movements
- Receivables within one year +€19,296
up €19,296 (+37.1%), from €51,954 to €71,250
of which Trade receivables: +€30,396
- Cash +€7,820
up €7,820 (+113.7%), from €6,876 to €14,696
mainly Other debts (+€47,304) and Net result for the year (+€46,343)
- Intangible fixed assets -€2,099
down €2,099 (-62.8%), from €3,341 to €1,242
- Tangible fixed assets -€1,424
down €1,424 (-7.4%), from €19,338 to €17,914
of which Furniture and vehicles: -€1,424
- Other debts +€47,304
new in 2025: €47,304
- Profit (loss) carried forward -€46,980
down €46,980 (-100.0%), from €46,980 to €0
- Trade debts +€23,445
up €23,445 (+330.3%), from €7,098 to €30,544
- Tax, wage and social debts +€5,318
up €5,318 (+39.7%), from €13,393 to €18,710
of which Taxes: +€3,048
- Debts after one year -€4,301
down €4,301 (-100.0%), from €4,301 to €0
- Gross operating margin +€56,404
up €56,404 (+189.4%), from €29,776 to €86,180
- Other operating charges +€11,672
up €11,672 (+603.0%), from €1,936 to €13,608
- Taxes +€10,933
up €10,933 (+198.5%), from €5,508 to €16,441
- Financial charges +€1,678
up €1,678 (+131.2%), from €1,279 to €2,957
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 | €81,682 | €105,859 | +€24,176 | +29.6% |
| Fixed assets | 21/28 | €22,679 | €19,156 | -€3,522 | -15.5% |
| Intangible fixed assets | 21 | €3,341 | €1,242 | -€2,099 | -62.8% |
| Tangible fixed assets | 22/27 | €19,338 | €17,914 | -€1,424 | -7.4% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €19,338 | €17,914 | -€1,424 | -7.4% |
| Current assets | 29/58 | €59,004 | €86,702 | +€27,699 | +46.9% |
| Amounts receivable within one year | 40/41 | €51,954 | €71,250 | +€19,296 | +37.1% |
| Trade receivables | 40 | €34,043 | €64,440 | +€30,396 | +89.3% |
| Other amounts receivable | 41 | €17,911 | €6,810 | -€11,100 | -62.0% |
| Cash at bank and in hand | 54/58 | €6,876 | €14,696 | +€7,820 | +113.7% |
| Deferred charges and accrued income | 490/1 | €174 | €756 | +€583 | +335.7% |
| Total equity and liabilities | 10/49 | €81,682 | €105,859 | +€24,176 | +29.6% |
| Equity | 10/15 | €51,980 | €5,000 | -€46,980 | -90.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,980 | €0 | -€46,980 | -100.0% |
| Amounts payable | 17/49 | €29,703 | €100,859 | +€71,156 | +239.6% |
| Amounts payable after more than one year | 17 | €4,301 | €0 | -€4,301 | -100.0% |
| Financial debts | 170/4 | €4,301 | €0 | -€4,301 | -100.0% |
| Amounts payable within one year | 42/48 | €25,402 | €100,859 | +€75,456 | +297.0% |
| Current portion of amounts payable after more than one year | 42 | €4,911 | €4,301 | -€611 | -12.4% |
| Trade debts | 44 | €7,098 | €30,544 | +€23,445 | +330.3% |
| Suppliers | 440/4 | €7,098 | €30,544 | +€23,445 | +330.3% |
| Taxes, remuneration and social security | 45 | €13,393 | €18,710 | +€5,318 | +39.7% |
| Taxes | 450/3 | €13,393 | €16,441 | +€3,048 | +22.8% |
| Remuneration and social security | 454/9 | €0 | €2,270 | +€2,270 | |
| Other amounts payable | 47/48 | - | €47,304 | +€47,304 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €163 | €127 | -€36 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,082 | €8,589 | +€508 | +6.3% |
| Other operating charges | 640/8 | €1,936 | €13,608 | +€11,672 | +603.0% |
| Gross operating margin | 9900 | €29,776 | €86,180 | +€56,404 | +189.4% |
| Operating profit (loss) | 9901 | €19,595 | €63,856 | +€44,260 | +225.9% |
| Financial income | 75/76B | €1,101 | €1,886 | +€784 | +71.2% |
| Recurring financial income | 75 | €1,101 | €1,886 | +€784 | +71.2% |
| Financial charges | 65/66B | €1,279 | €2,957 | +€1,678 | +131.2% |
| Recurring financial charges | 65 | €1,279 | €2,957 | +€1,678 | +131.2% |
| Profit (loss) for the period before taxes | 9903 | €19,418 | €62,784 | +€43,366 | +223.3% |
| Income taxes | 67/77 | €5,508 | €16,441 | +€10,933 | +198.5% |
| Profit (loss) for the period | 9904 | €13,910 | €46,343 | +€32,433 | +233.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,910 | €46,343 | +€32,433 | +233.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.