LET'S JUMP: 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'S JUMP
Largest movements
- Tangible fixed assets -€25,462
down €25,462 (-5.1%), from €499,060 to €473,598
of which Land and buildings: -€12,901
- Stocks and contracts +€21,138
up €21,138 (+13.0%), from €163,083 to €184,221
- Receivables within one year +€17,665
up €17,665 (+14.2%), from €124,394 to €142,059
of which Trade receivables: +€22,512
- Cash +€12,616
up €12,616 (+13.8%), from €91,166 to €103,782
mainly Net result for the year (+€179,044) and Tax, wage and social debts (+€56,956)
- Profit (loss) carried forward +€179,044
up €179,044 (+154%), from €116,032 to €295,076
- Short-term financial debts -€125,000
down €125,000 (-100.0%), from €125,001 to €1
- Tax, wage and social debts +€56,956
up €56,956 (+105%), from €54,367 to €111,323
of which Taxes: +€46,210
- Debts after one year -€45,390
down €45,390 (-15.1%), from €300,453 to €255,063
- Trade debts -€33,154
down €33,154 (-20.4%), from €162,187 to €129,033
- Gross operating margin +€244,828
up €244,828 (+80.7%), from €303,248 to €548,075
- Staff costs +€51,000
up €51,000 (+25.8%), from €197,894 to €248,894
- Taxes +€47,866
up €47,866 (+947%), from €5,056 to €52,922
- Write-downs +€6,512
new in 2025: €6,512
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 | €889,103 | €917,185 | +€28,081 | +3.2% |
| Fixed assets | 21/28 | €500,860 | €475,398 | -€25,462 | -5.1% |
| Tangible fixed assets | 22/27 | €499,060 | €473,598 | -€25,462 | -5.1% |
| Land and buildings | 22 | €439,968 | €427,067 | -€12,901 | -2.9% |
| Plant, machinery and equipment | 23 | €1,638 | €818 | -€820 | -50.1% |
| Furniture and vehicles | 24 | €57,454 | €45,714 | -€11,740 | -20.4% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €388,243 | €441,786 | +€53,543 | +13.8% |
| Stocks and contracts in progress | 3 | €163,083 | €184,221 | +€21,138 | +13.0% |
| Stocks | 30/36 | €163,083 | €184,221 | +€21,138 | +13.0% |
| Amounts receivable within one year | 40/41 | €124,394 | €142,059 | +€17,665 | +14.2% |
| Trade receivables | 40 | €119,509 | €142,021 | +€22,512 | +18.8% |
| Other amounts receivable | 41 | €4,885 | €38 | -€4,847 | -99.2% |
| Cash at bank and in hand | 54/58 | €91,166 | €103,782 | +€12,616 | +13.8% |
| Deferred charges and accrued income | 490/1 | €9,600 | €11,724 | +€2,124 | +22.1% |
| Total equity and liabilities | 10/49 | €889,103 | €917,185 | +€28,081 | +3.2% |
| Equity | 10/15 | €160,032 | €339,076 | +€179,044 | +112% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,032 | €295,076 | +€179,044 | +154% |
| Amounts payable | 17/49 | €729,071 | €578,109 | -€150,963 | -20.7% |
| Amounts payable after more than one year | 17 | €300,453 | €255,063 | -€45,390 | -15.1% |
| Financial debts | 170/4 | €300,453 | €255,063 | -€45,390 | -15.1% |
| Amounts payable within one year | 42/48 | €418,924 | €313,350 | -€105,573 | -25.2% |
| Current portion of amounts payable after more than one year | 42 | €44,541 | €45,390 | +€848 | +1.9% |
| Financial debts | 43 | €125,001 | €1 | -€125,000 | -100.0% |
| Credit institutions | 430/8 | €125,001 | €1 | -€125,000 | -100.0% |
| Trade debts | 44 | €162,187 | €129,033 | -€33,154 | -20.4% |
| Suppliers | 440/4 | €162,187 | €129,033 | -€33,154 | -20.4% |
| Taxes, remuneration and social security | 45 | €54,367 | €111,323 | +€56,956 | +105% |
| Taxes | 450/3 | €26,865 | €73,075 | +€46,210 | +172% |
| Remuneration and social security | 454/9 | €27,502 | €38,248 | +€10,746 | +39.1% |
| Other amounts payable | 47/48 | €32,828 | €27,605 | -€5,223 | -15.9% |
| Accrued charges and deferred income | 492/3 | €9,695 | €9,695 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €197,894 | €248,894 | +€51,000 | +25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,616 | €39,503 | -€113 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,512 | +€6,512 | |
| Other operating charges | 640/8 | €3,002 | €4,847 | +€1,845 | +61.5% |
| Gross operating margin | 9900 | €303,248 | €548,075 | +€244,828 | +80.7% |
| Operating profit (loss) | 9901 | €62,736 | €248,320 | +€185,584 | +296% |
| Financial income | 75/76B | - | €440 | +€440 | |
| Recurring financial income | 75 | - | €440 | +€440 | |
| Financial charges | 65/66B | €20,018 | €16,794 | -€3,224 | -16.1% |
| Recurring financial charges | 65 | €20,018 | €16,794 | -€3,224 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €42,718 | €231,966 | +€189,248 | +443% |
| Income taxes | 67/77 | €5,056 | €52,922 | +€47,866 | +947% |
| Profit (loss) for the period | 9904 | €37,662 | €179,044 | +€141,382 | +375% |
| Profit (loss) for the period to be appropriated | 9905 | €37,662 | €179,044 | +€141,382 | +375% |
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.