M-PROOF: 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.
M-PROOF
Largest movements
- Tangible fixed assets -€1,553
down €1,553 (-16.2%), from €9,580 to €8,027
- Receivables within one year -€997
down €997 (-2.1%), from €48,073 to €47,076
of which Trade receivables: -€1,884
- Other debts +€15,000
new in 2025: €15,000
- Reserves -€10,155
down €10,155 (-20.0%), from €50,753 to €40,598
- Trade debts -€6,392
down €6,392 (-54.7%), from €11,678 to €5,286
- Tax, wage and social debts -€1,534
down €1,534 (-35.1%), from €4,366 to €2,832
of which Taxes: -€1,534
- Gross operating margin -€8,779
down €8,779 (-44.7%), from €19,646 to €10,867
- Taxes -€1,711
down €1,711 (-50.6%), from €3,380 to €1,669
- Depreciation -€628
down €628 (-15.3%), from €4,106 to €3,478
- Financial charges -€198
down €198 (-78.5%), from €252 to €54
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 | €69,798 | €66,716 | -€3,081 | -4.4% |
| Fixed assets | 21/28 | €9,580 | €8,027 | -€1,553 | -16.2% |
| Tangible fixed assets | 22/27 | €9,580 | €8,027 | -€1,553 | -16.2% |
| Plant, machinery and equipment | 23 | €9,580 | €8,027 | -€1,553 | -16.2% |
| Current assets | 29/58 | €60,218 | €58,690 | -€1,528 | -2.5% |
| Amounts receivable within one year | 40/41 | €48,073 | €47,076 | -€997 | -2.1% |
| Trade receivables | 40 | €22,736 | €20,853 | -€1,884 | -8.3% |
| Other amounts receivable | 41 | €25,337 | €26,223 | +€886 | +3.5% |
| Cash at bank and in hand | 54/58 | €11,079 | €10,414 | -€665 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,199 | +€133 | +12.5% |
| Total equity and liabilities | 10/49 | €69,798 | €66,716 | -€3,081 | -4.4% |
| Equity | 10/15 | €53,753 | €43,598 | -€10,155 | -18.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €50,753 | €40,598 | -€10,155 | -20.0% |
| Distributable reserves | 133 | €50,753 | €40,598 | -€10,155 | -20.0% |
| Amounts payable | 17/49 | €16,044 | €23,118 | +€7,074 | +44.1% |
| Amounts payable within one year | 42/48 | €16,044 | €23,118 | +€7,074 | +44.1% |
| Trade debts | 44 | €11,678 | €5,286 | -€6,392 | -54.7% |
| Suppliers | 440/4 | €11,678 | €5,286 | -€6,392 | -54.7% |
| Taxes, remuneration and social security | 45 | €4,366 | €2,832 | -€1,534 | -35.1% |
| Taxes | 450/3 | €2,241 | €707 | -€1,534 | -68.5% |
| Remuneration and social security | 454/9 | €2,125 | €2,125 | = | 0.0% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,106 | €3,478 | -€628 | -15.3% |
| Other operating charges | 640/8 | €804 | €820 | +€16 | +2.0% |
| Gross operating margin | 9900 | €19,646 | €10,867 | -€8,779 | -44.7% |
| Operating profit (loss) | 9901 | €14,735 | €6,568 | -€8,167 | -55.4% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €252 | €54 | -€198 | -78.5% |
| Recurring financial charges | 65 | €252 | €54 | -€198 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €14,483 | €6,514 | -€7,969 | -55.0% |
| Income taxes | 67/77 | €3,380 | €1,669 | -€1,711 | -50.6% |
| Profit (loss) for the period | 9904 | €11,103 | €4,845 | -€6,258 | -56.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,103 | €4,845 | -€6,258 | -56.4% |
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 15 October 2026 via checked.be.