Made with passion: 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.
Made with passion
Largest movements
- Receivables within one year -€19,007
down €19,007 (-15.4%), from €123,499 to €104,492
of which Trade receivables: -€11,742
- Trade debts -€11,422
down €11,422 (-33.6%), from €34,035 to €22,614
- Tax, wage and social debts -€7,872
down €7,872 (-66.7%), from €11,810 to €3,938
- Gross operating margin -€24,655
down €24,655 (-91.2%), from €27,046 to €2,391
- Taxes -€8,542
down €8,542 (-88.7%), from €9,628 to €1,086
- Financial charges +€418
up €418 (+360%), from €116 to €534
- Financial income -€369
down €369 (-51.8%), from €712 to €343
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 | €134,937 | €115,377 | -€19,561 | -14.5% |
| Fixed assets | 21/28 | €4,123 | €2,480 | -€1,643 | -39.8% |
| Tangible fixed assets | 22/27 | €3,623 | €2,480 | -€1,143 | -31.5% |
| Plant, machinery and equipment | 23 | €467 | - | -€467 | |
| Furniture and vehicles | 24 | €224 | - | -€224 | |
| Other tangible fixed assets | 26 | €2,933 | €2,480 | -€453 | -15.4% |
| Financial fixed assets | 28 | €500 | - | -€500 | |
| Current assets | 29/58 | €130,814 | €112,896 | -€17,918 | -13.7% |
| Amounts receivable within one year | 40/41 | €123,499 | €104,492 | -€19,007 | -15.4% |
| Trade receivables | 40 | €113,076 | €101,334 | -€11,742 | -10.4% |
| Other amounts receivable | 41 | €10,423 | €3,158 | -€7,265 | -69.7% |
| Cash at bank and in hand | 54/58 | €7,258 | €7,664 | +€406 | +5.6% |
| Deferred charges and accrued income | 490/1 | €57 | €741 | +€684 | +1,199% |
| Total equity and liabilities | 10/49 | €134,937 | €115,377 | -€19,561 | -14.5% |
| Equity | 10/15 | €54,893 | €54,625 | -€267 | -0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,293 | €36,293 | = | 0.0% |
| 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 | €34,433 | €34,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€267 | -€267 | |
| Amounts payable | 17/49 | €80,045 | €60,752 | -€19,293 | -24.1% |
| Amounts payable after more than one year | 17 | €34,200 | €34,200 | = | 0.0% |
| Financial debts | 170/4 | €34,200 | €34,200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €45,845 | €26,552 | -€19,293 | -42.1% |
| Trade debts | 44 | €34,035 | €22,614 | -€11,422 | -33.6% |
| Suppliers | 440/4 | €34,035 | €22,614 | -€11,422 | -33.6% |
| Taxes, remuneration and social security | 45 | €11,810 | €3,938 | -€7,872 | -66.7% |
| Taxes | 450/3 | €11,810 | €3,938 | -€7,872 | -66.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €1,143 | -€0 | 0.0% |
| Other operating charges | 640/8 | €278 | €239 | -€39 | -14.1% |
| Gross operating margin | 9900 | €27,046 | €2,391 | -€24,655 | -91.2% |
| Operating profit (loss) | 9901 | €25,626 | €1,010 | -€24,615 | -96.1% |
| Financial income | 75/76B | €712 | €343 | -€369 | -51.8% |
| Recurring financial income | 75 | €712 | €343 | -€369 | -51.8% |
| Financial charges | 65/66B | €116 | €534 | +€418 | +360% |
| Recurring financial charges | 65 | €116 | €534 | +€418 | +360% |
| Profit (loss) for the period before taxes | 9903 | €26,222 | €819 | -€25,403 | -96.9% |
| Income taxes | 67/77 | €9,628 | €1,086 | -€8,542 | -88.7% |
| Profit (loss) for the period | 9904 | €16,594 | -€267 | -€16,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,594 | -€267 | -€16,861 |
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.