M - CON: 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.
M - CON
Largest movements
- Receivables after one year +€50,000
new in 2025: €50,000
- Receivables within one year -€45,081
down €45,081 (-65.7%), from €68,589 to €23,508
- Tangible fixed assets -€15,652
down €15,652 (-8.4%), from €187,101 to €171,449
of which Furniture and vehicles: -€11,841
- Debts after one year -€13,990
down €13,990 (-11.2%), from €124,668 to €110,678
- Current portion of long-term debt -€11,499
down €11,499 (-45.1%), from €25,489 to €13,990
- Other debts +€10,878
up €10,878 (+15.2%), from €71,695 to €82,573
- Profit (loss) carried forward +€4,299
up €4,299 (+12.5%), from -€34,314 to -€30,015
- Financial income +€2,141
up €2,141 (+297400.0%), from €1 to €2,142
- Gross operating margin -€693
down €693 (-3.2%), from €21,699 to €21,007
- Financial charges -€509
down €509 (-18.6%), from €2,733 to €2,223
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 | €258,752 | €250,093 | -€8,659 | -3.3% |
| Fixed assets | 21/28 | €187,101 | €171,449 | -€15,652 | -8.4% |
| Tangible fixed assets | 22/27 | €187,101 | €171,449 | -€15,652 | -8.4% |
| Land and buildings | 22 | €144,897 | €141,086 | -€3,811 | -2.6% |
| Furniture and vehicles | 24 | €42,203 | €30,362 | -€11,841 | -28.1% |
| Current assets | 29/58 | €71,652 | €78,645 | +€6,993 | +9.8% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €68,589 | €23,508 | -€45,081 | -65.7% |
| Trade receivables | 40 | €68,589 | €23,508 | -€45,081 | -65.7% |
| Cash at bank and in hand | 54/58 | €1,854 | €1,703 | -€151 | -8.1% |
| Deferred charges and accrued income | 490/1 | €1,209 | €3,434 | +€2,225 | +184.0% |
| Total equity and liabilities | 10/49 | €258,752 | €250,093 | -€8,659 | -3.3% |
| Equity | 10/15 | €27,898 | €32,197 | +€4,299 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,612 | €43,612 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €9,406 | €9,406 | = | 0.0% |
| Distributable reserves | 133 | €34,206 | €34,206 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,314 | -€30,015 | +€4,299 | +12.5% |
| Amounts payable | 17/49 | €230,854 | €217,896 | -€12,958 | -5.6% |
| Amounts payable after more than one year | 17 | €124,668 | €110,678 | -€13,990 | -11.2% |
| Financial debts | 170/4 | €124,668 | €110,678 | -€13,990 | -11.2% |
| Amounts payable within one year | 42/48 | €106,187 | €107,219 | +€1,032 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €25,489 | €13,990 | -€11,499 | -45.1% |
| Financial debts | 43 | €50 | €613 | +€563 | +1126.8% |
| Credit institutions | 430/8 | €50 | €613 | +€563 | +1126.8% |
| Trade debts | 44 | €4,938 | €6,012 | +€1,074 | +21.8% |
| Suppliers | 440/4 | €4,938 | €6,012 | +€1,074 | +21.8% |
| Taxes, remuneration and social security | 45 | €4,014 | €4,030 | +€15 | +0.4% |
| Taxes | 450/3 | €1,579 | €1,594 | +€15 | +1.0% |
| Remuneration and social security | 454/9 | €2,436 | €2,436 | = | 0.0% |
| Other amounts payable | 47/48 | €71,695 | €82,573 | +€10,878 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,692 | €15,652 | -€40 | -0.3% |
| Other operating charges | 640/8 | €561 | €728 | +€167 | +29.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €21,699 | €21,007 | -€693 | -3.2% |
| Operating profit (loss) | 9901 | €5,446 | €4,627 | -€820 | -15.0% |
| Financial income | 75/76B | €1 | €2,142 | +€2,141 | +297400.0% |
| Recurring financial income | 75 | €1 | €2,142 | +€2,141 | +297400.0% |
| Financial charges | 65/66B | €2,733 | €2,223 | -€509 | -18.6% |
| Recurring financial charges | 65 | €2,733 | €2,223 | -€509 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €2,714 | €4,545 | +€1,831 | +67.5% |
| Income taxes | 67/77 | €257 | €246 | -€11 | -4.4% |
| Profit (loss) for the period | 9904 | €2,457 | €4,299 | +€1,842 | +75.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,457 | €4,299 | +€1,842 | +75.0% |
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 5 October 2026 via checked.be.