LET IT BUILD: 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.
LET IT BUILD
Largest movements
- Cash +€13,242
up €13,242 (+67.3%), from €19,689 to €32,931
mainly Other debts (+€52,991) and Depreciation (+€11,474)
- Tangible fixed assets -€9,445
down €9,445 (-15.9%), from €59,500 to €50,055
of which Furniture and vehicles: -€8,850
- Other debts +€52,991
up €52,991 (+5617.9%), from €943 to €53,934
- Profit (loss) carried forward -€27,938
down €27,938 (-291.9%), from -€9,570 to -€37,508
- Debts after one year -€7,578
down €7,578 (-29.3%), from €25,840 to €18,262
- Reserves -€7,000
down €7,000 (-18.0%), from €38,860 to €31,860
of which Distributable reserves: -€7,000
- Tax, wage and social debts -€5,940
down €5,940 (-59.9%), from €9,912 to €3,972
- Gross operating margin +€9,743
up €9,743 (+43.4%), from €22,431 to €32,174
- Financial charges +€7,355
up €7,355 (+18.1%), from €40,673 to €48,028
- Depreciation +€3,259
up €3,259 (+39.7%), from €8,215 to €11,474
- Other operating charges -€487
down €487 (-67.1%), from €726 to €239
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 | €80,616 | €84,392 | +€3,776 | +4.7% |
| Fixed assets | 21/28 | €59,500 | €50,055 | -€9,445 | -15.9% |
| Tangible fixed assets | 22/27 | €59,500 | €50,055 | -€9,445 | -15.9% |
| Furniture and vehicles | 24 | €36,169 | €27,318 | -€8,850 | -24.5% |
| Other tangible fixed assets | 26 | €23,331 | €22,737 | -€594 | -2.5% |
| Current assets | 29/58 | €21,116 | €34,337 | +€13,221 | +62.6% |
| Amounts receivable within one year | 40/41 | €1,427 | €1,406 | -€21 | -1.5% |
| Trade receivables | 40 | €989 | €435 | -€554 | -56.0% |
| Other amounts receivable | 41 | €438 | €971 | +€533 | +121.7% |
| Cash at bank and in hand | 54/58 | €19,689 | €32,931 | +€13,242 | +67.3% |
| Total equity and liabilities | 10/49 | €80,616 | €84,392 | +€3,776 | +4.7% |
| Equity | 10/15 | €35,490 | €552 | -€34,938 | -98.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,860 | €31,860 | -€7,000 | -18.0% |
| 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 | €37,000 | €30,000 | -€7,000 | -18.9% |
| Profit (loss) carried forward | 14 | -€9,570 | -€37,508 | -€27,938 | -291.9% |
| Amounts payable | 17/49 | €45,126 | €83,840 | +€38,715 | +85.8% |
| Amounts payable after more than one year | 17 | €25,840 | €18,262 | -€7,578 | -29.3% |
| Financial debts | 170/4 | €25,840 | €18,262 | -€7,578 | -29.3% |
| Amounts payable within one year | 42/48 | €19,286 | €65,579 | +€46,293 | +240.0% |
| Current portion of amounts payable after more than one year | 42 | €7,266 | €7,578 | +€312 | +4.3% |
| Trade debts | 44 | €1,165 | €94 | -€1,070 | -91.9% |
| Suppliers | 440/4 | €1,165 | €94 | -€1,070 | -91.9% |
| Taxes, remuneration and social security | 45 | €9,912 | €3,972 | -€5,940 | -59.9% |
| Taxes | 450/3 | €9,912 | €3,972 | -€5,940 | -59.9% |
| Other amounts payable | 47/48 | €943 | €53,934 | +€52,991 | +5617.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,215 | €11,474 | +€3,259 | +39.7% |
| Other operating charges | 640/8 | €726 | €239 | -€487 | -67.1% |
| Gross operating margin | 9900 | €22,431 | €32,174 | +€9,743 | +43.4% |
| Operating profit (loss) | 9901 | €13,490 | €20,461 | +€6,971 | +51.7% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €40,673 | €48,028 | +€7,355 | +18.1% |
| Recurring financial charges | 65 | €40,673 | €48,028 | +€7,355 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€27,183 | -€27,567 | -€384 | -1.4% |
| Income taxes | 67/77 | €312 | €372 | +€60 | +19.3% |
| Profit (loss) for the period | 9904 | -€27,495 | -€27,938 | -€444 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,495 | -€27,938 | -€444 | -1.6% |
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 12 October 2026 via checked.be.