Listings: 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.
Listings
Largest movements
- Tangible fixed assets +€68,869
up €68,869 (+79.4%), from €86,755 to €155,624
of which Land and buildings: +€73,675
- Cash +€62,718
up €62,718 (+143.1%), from €43,830 to €106,548
mainly Net result for the year (+€113,112) and Debts after one year (+€45,468)
- Receivables within one year +€18,879
up €18,879 (+42.8%), from €44,157 to €63,036
of which Trade receivables: +€19,521
- Reserves +€100,000
up €100,000 (+268.7%), from €37,210 to €137,210
- Debts after one year +€45,468
up €45,468 (+121.5%), from €37,419 to €82,887
- Other debts -€30,000
down €30,000 (-100.0%), from €30,000 to €0
- Tax, wage and social debts +€24,876
up €24,876, from €0 to €24,876
of which Taxes: +€24,398
- Trade debts +€7,542
up €7,542 (+52.6%), from €14,345 to €21,887
- Gross operating margin +€99,783
up €99,783 (+117.1%), from €85,216 to €184,999
- Taxes +€36,374
up €36,374 (+453.3%), from €8,024 to €44,398
- Staff costs +€3,688
up €3,688, from €0 to €3,688
- Depreciation -€3,298
down €3,298 (-14.6%), from €22,577 to €19,279
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 | €194,909 | €340,059 | +€145,150 | +74.5% |
| Fixed assets | 21/28 | €99,023 | €165,583 | +€66,560 | +67.2% |
| Intangible fixed assets | 21 | €5,117 | €2,808 | -€2,310 | -45.1% |
| Tangible fixed assets | 22/27 | €86,755 | €155,624 | +€68,869 | +79.4% |
| Land and buildings | 22 | €32,636 | €106,310 | +€73,675 | +225.7% |
| Plant, machinery and equipment | 23 | €1,955 | €2,379 | +€424 | +21.7% |
| Furniture and vehicles | 24 | €17,779 | €17,127 | -€651 | -3.7% |
| Other tangible fixed assets | 26 | €34,385 | €29,807 | -€4,578 | -13.3% |
| Financial fixed assets | 28 | €7,151 | €7,151 | = | 0.0% |
| Current assets | 29/58 | €95,885 | €174,476 | +€78,591 | +82.0% |
| Amounts receivable within one year | 40/41 | €44,157 | €63,036 | +€18,879 | +42.8% |
| Trade receivables | 40 | €38,144 | €57,665 | +€19,521 | +51.2% |
| Other amounts receivable | 41 | €6,013 | €5,371 | -€643 | -10.7% |
| Cash at bank and in hand | 54/58 | €43,830 | €106,548 | +€62,718 | +143.1% |
| Deferred charges and accrued income | 490/1 | €7,899 | €4,893 | -€3,006 | -38.1% |
| Total equity and liabilities | 10/49 | €194,909 | €340,059 | +€145,150 | +74.5% |
| Equity | 10/15 | €97,476 | €190,588 | +€93,112 | +95.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €37,210 | €137,210 | +€100,000 | +268.7% |
| Distributable reserves | 133 | €37,210 | €137,210 | +€100,000 | +268.7% |
| Profit (loss) carried forward | 14 | €60,266 | €53,378 | -€6,888 | -11.4% |
| Amounts payable | 17/49 | €97,432 | €149,470 | +€52,038 | +53.4% |
| Amounts payable after more than one year | 17 | €37,419 | €82,887 | +€45,468 | +121.5% |
| Financial debts | 170/4 | €37,419 | €82,887 | +€45,468 | +121.5% |
| Amounts payable within one year | 42/48 | €60,013 | €66,583 | +€6,570 | +10.9% |
| Current portion of amounts payable after more than one year | 42 | €15,318 | €19,562 | +€4,244 | +27.7% |
| Financial debts | 43 | €350 | €259 | -€91 | -25.9% |
| Credit institutions | 430/8 | €350 | €259 | -€91 | -25.9% |
| Trade debts | 44 | €14,345 | €21,887 | +€7,542 | +52.6% |
| Suppliers | 440/4 | €14,345 | €21,887 | +€7,542 | +52.6% |
| Taxes, remuneration and social security | 45 | €0 | €24,876 | +€24,876 | |
| Taxes | 450/3 | €0 | €24,398 | +€24,398 | |
| Remuneration and social security | 454/9 | - | €478 | +€478 | |
| Other amounts payable | 47/48 | €30,000 | €0 | -€30,000 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | €3,688 | +€3,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,577 | €19,279 | -€3,298 | -14.6% |
| Other operating charges | 640/8 | €1,681 | €1,722 | +€41 | +2.4% |
| Gross operating margin | 9900 | €85,216 | €184,999 | +€99,783 | +117.1% |
| Operating profit (loss) | 9901 | €60,958 | €160,310 | +€99,352 | +163.0% |
| Financial income | 75/76B | €4 | €1 | -€3 | -81.8% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -81.8% |
| Financial charges | 65/66B | €1,596 | €2,801 | +€1,205 | +75.5% |
| Recurring financial charges | 65 | €1,596 | €2,801 | +€1,205 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €59,366 | €157,510 | +€98,145 | +165.3% |
| Income taxes | 67/77 | €8,024 | €44,398 | +€36,374 | +453.3% |
| Profit (loss) for the period | 9904 | €51,342 | €113,112 | +€61,771 | +120.3% |
| Profit (loss) for the period to be appropriated | 9905 | €51,342 | €113,112 | +€61,771 | +120.3% |
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 11 October 2026 via checked.be.