Make it Pop: 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.
Make it Pop
Largest movements
- Cash -€227,198
down €227,198 (-65.2%), from €348,437 to €121,239
mainly Contributions, distributions and other (-€129,412) and Other debts (-€129,397)
- Intangible fixed assets -€28,109
down €28,109 (-50.0%), from €56,219 to €28,109
- Tangible fixed assets +€24,427
up €24,427 (+40.6%), from €60,236 to €84,663
of which Plant, machinery and equipment: +€16,862
- Receivables within one year -€13,477
down €13,477 (-82.3%), from €16,374 to €2,897
of which Trade receivables: -€16,370
- Deferred charges and accrued income +€13,136
up €13,136 (+415.2%), from €3,164 to €16,300
- Other debts -€129,397
down €129,397 (-49.3%), from €262,575 to €133,177
- Tax, wage and social debts -€42,384
down €42,384 (-71.4%), from €59,327 to €16,943
of which Taxes: -€41,311
- Reserves -€38,713
down €38,713 (-32.8%), from €117,872 to €79,159
- Debts after one year -€22,552
down €22,552 (-61.7%), from €36,535 to €13,983
- Gross operating margin -€31,263
down €31,263 (-13.9%), from €225,555 to €194,293
- Staff costs +€20,405
up €20,405 (+139.6%), from €14,613 to €35,018
- Taxes -€14,790
down €14,790 (-38.7%), from €38,197 to €23,408
- Depreciation +€4,990
up €4,990 (+13.6%), from €36,607 to €41,597
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 | €513,263 | €279,245 | -€234,018 | -45.6% |
| Fixed assets | 21/28 | €120,055 | €116,372 | -€3,683 | -3.1% |
| Intangible fixed assets | 21 | €56,219 | €28,109 | -€28,109 | -50.0% |
| Tangible fixed assets | 22/27 | €60,236 | €84,663 | +€24,427 | +40.6% |
| Land and buildings | 22 | €21,389 | €18,799 | -€2,590 | -12.1% |
| Plant, machinery and equipment | 23 | €19,961 | €36,823 | +€16,862 | +84.5% |
| Furniture and vehicles | 24 | €6,052 | €11,315 | +€5,263 | +87.0% |
| Leasing and similar rights | 25 | €6,084 | €5,418 | -€667 | -11.0% |
| Other tangible fixed assets | 26 | €6,751 | €12,310 | +€5,559 | +82.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €393,208 | €162,872 | -€230,335 | -58.6% |
| Stocks and contracts in progress | 3 | €25,233 | €22,436 | -€2,797 | -11.1% |
| Stocks | 30/36 | €25,233 | €22,436 | -€2,797 | -11.1% |
| Amounts receivable within one year | 40/41 | €16,374 | €2,897 | -€13,477 | -82.3% |
| Trade receivables | 40 | €16,370 | - | -€16,370 | |
| Other amounts receivable | 41 | €4 | €2,897 | +€2,893 | +73999.5% |
| Cash at bank and in hand | 54/58 | €348,437 | €121,239 | -€227,198 | -65.2% |
| Deferred charges and accrued income | 490/1 | €3,164 | €16,300 | +€13,136 | +415.2% |
| Total equity and liabilities | 10/49 | €513,263 | €279,245 | -€234,018 | -45.6% |
| Equity | 10/15 | €120,872 | €82,159 | -€38,713 | -32.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €117,872 | €79,159 | -€38,713 | -32.8% |
| Distributable reserves | 133 | €117,872 | €79,159 | -€38,713 | -32.8% |
| Amounts payable | 17/49 | €392,391 | €197,085 | -€195,305 | -49.8% |
| Amounts payable after more than one year | 17 | €36,535 | €13,983 | -€22,552 | -61.7% |
| Financial debts | 170/4 | €36,535 | €13,983 | -€22,552 | -61.7% |
| Amounts payable within one year | 42/48 | €355,856 | €183,102 | -€172,753 | -48.5% |
| Current portion of amounts payable after more than one year | 42 | €25,366 | €22,545 | -€2,821 | -11.1% |
| Trade debts | 44 | €8,588 | €10,001 | +€1,412 | +16.4% |
| Suppliers | 440/4 | €8,588 | €10,001 | +€1,412 | +16.4% |
| Advances received on contracts in progress | 46 | - | €436 | +€436 | |
| Taxes, remuneration and social security | 45 | €59,327 | €16,943 | -€42,384 | -71.4% |
| Taxes | 450/3 | €55,450 | €14,139 | -€41,311 | -74.5% |
| Remuneration and social security | 454/9 | €3,876 | €2,804 | -€1,072 | -27.7% |
| Other amounts payable | 47/48 | €262,575 | €133,177 | -€129,397 | -49.3% |
| Remuneration, social security and pensions | 62 | €14,613 | €35,018 | +€20,405 | +139.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,607 | €41,597 | +€4,990 | +13.6% |
| Other operating charges | 640/8 | €2,214 | €1,679 | -€535 | -24.2% |
| Gross operating margin | 9900 | €225,555 | €194,293 | -€31,263 | -13.9% |
| Operating profit (loss) | 9901 | €172,122 | €115,999 | -€56,123 | -32.6% |
| Financial income | 75/76B | €467 | €395 | -€71 | -15.2% |
| Recurring financial income | 75 | €467 | €395 | -€71 | -15.2% |
| Financial charges | 65/66B | €2,798 | €2,288 | -€510 | -18.2% |
| Recurring financial charges | 65 | €2,798 | €2,288 | -€510 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €169,790 | €114,107 | -€55,684 | -32.8% |
| Income taxes | 67/77 | €38,197 | €23,408 | -€14,790 | -38.7% |
| Profit (loss) for the period | 9904 | €131,593 | €90,699 | -€40,894 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €131,593 | €90,699 | -€40,894 | -31.1% |
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.