MARGIN CONSULT: 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.
MARGIN CONSULT
Largest movements
- Tangible fixed assets -€25,485
down €25,485 (-5.7%), from €447,970 to €422,485
of which Land and buildings: -€21,593
- Cash +€13,867
up €13,867 (+4,789%), from €290 to €14,156
mainly Depreciation (+€25,485) and Net result for the year (+€10,347)
- Receivables within one year -€10,272
down €10,272 (-66.0%), from €15,570 to €5,298
of which Trade receivables: -€15,570
- Other debts -€22,949
no longer reported in 2025 (was €22,949)
- Profit (loss) carried forward +€10,347
up €10,347 (+4.1%), from €254,562 to €264,908
- Debts after one year -€8,328
down €8,328 (-8.4%), from €99,000 to €90,672
- Gross operating margin -€17,549
down €17,549 (-27.9%), from €62,807 to €45,259
- Taxes -€2,500
down €2,500 (-25.0%), from €10,000 to €7,500
- Staff costs -€1,132
no longer reported in 2025 (was €1,132)
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 | €463,830 | €441,939 | -€21,890 | -4.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €447,970 | €422,485 | -€25,485 | -5.7% |
| Tangible fixed assets | 22/27 | €447,970 | €422,485 | -€25,485 | -5.7% |
| Land and buildings | 22 | €436,970 | €415,377 | -€21,593 | -4.9% |
| Plant, machinery and equipment | 23 | €1,322 | €807 | -€514 | -38.9% |
| Furniture and vehicles | 24 | €9,678 | €6,301 | -€3,378 | -34.9% |
| Current assets | 29/58 | €15,860 | €19,454 | +€3,595 | +22.7% |
| Amounts receivable within one year | 40/41 | €15,570 | €5,298 | -€10,272 | -66.0% |
| Trade receivables | 40 | €15,570 | - | -€15,570 | |
| Other amounts receivable | 41 | €0 | €5,298 | +€5,298 | |
| Cash at bank and in hand | 54/58 | €290 | €14,156 | +€13,867 | +4,789% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €463,830 | €441,939 | -€21,890 | -4.7% |
| Equity | 10/15 | €328,318 | €338,665 | +€10,347 | +3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,556 | €67,556 | = | 0.0% |
| Distributable reserves | 133 | €67,556 | €67,556 | = | 0.0% |
| Profit (loss) carried forward | 14 | €254,562 | €264,908 | +€10,347 | +4.1% |
| Amounts payable | 17/49 | €135,512 | €103,275 | -€32,237 | -23.8% |
| Amounts payable after more than one year | 17 | €99,000 | €90,672 | -€8,328 | -8.4% |
| Financial debts | 170/4 | €99,000 | €90,672 | -€8,328 | -8.4% |
| Amounts payable within one year | 42/48 | €35,762 | €12,603 | -€23,159 | -64.8% |
| Current portion of amounts payable after more than one year | 42 | €8,228 | €8,328 | +€101 | +1.2% |
| Trade debts | 44 | €1,688 | €2,494 | +€806 | +47.8% |
| Suppliers | 440/4 | €1,688 | €2,494 | +€806 | +47.8% |
| Taxes, remuneration and social security | 45 | €2,898 | €1,781 | -€1,117 | -38.6% |
| Taxes | 450/3 | €1,128 | - | -€1,128 | |
| Remuneration and social security | 454/9 | €1,770 | €1,781 | +€11 | +0.6% |
| Other amounts payable | 47/48 | €22,949 | - | -€22,949 | |
| Accrued charges and deferred income | 492/3 | €750 | - | -€750 | |
| Remuneration, social security and pensions | 62 | €1,132 | - | -€1,132 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,380 | €25,485 | +€105 | +0.4% |
| Other operating charges | 640/8 | €1,283 | €882 | -€401 | -31.3% |
| Gross operating margin | 9900 | €62,807 | €45,259 | -€17,549 | -27.9% |
| Operating profit (loss) | 9901 | €35,012 | €18,892 | -€16,120 | -46.0% |
| Financial income | 75/76B | - | €335 | +€335 | |
| Recurring financial income | 75 | - | €335 | +€335 | |
| Financial charges | 65/66B | €1,573 | €1,380 | -€192 | -12.2% |
| Recurring financial charges | 65 | €1,573 | €1,380 | -€192 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €33,439 | €17,847 | -€15,592 | -46.6% |
| Income taxes | 67/77 | €10,000 | €7,500 | -€2,500 | -25.0% |
| Profit (loss) for the period | 9904 | €23,439 | €10,347 | -€13,092 | -55.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,439 | €10,347 | -€13,092 | -55.9% |
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 27 October 2026 via checked.be.