Market-Plan: 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.
Market-Plan
Largest movements
- Current investments +€23,086
up €23,086 (+72.1%), from €31,999 to €55,085
- Cash -€18,317
down €18,317 (-22.0%), from €83,220 to €64,903
mainly Current investments (-€23,086) and Receivables within one year (-€7,042)
- Receivables within one year +€7,042
up €7,042 (+38.8%), from €18,158 to €25,201
of which Trade receivables: +€4,306
- Tangible fixed assets -€3,764
down €3,764 (-10.9%), from €34,396 to €30,632
of which Other tangible fixed assets: -€24,824
- Deferred charges and accrued income +€2,069
up €2,069 (+56.2%), from €3,681 to €5,750
- Reserves +€11,455
up €11,455 (+7.6%), from €150,857 to €162,312
of which Distributable reserves: +€11,455
- Current portion of long-term debt -€2,298
down €2,298 (-74.7%), from €3,076 to €778
- Gross operating margin +€7,440
up €7,440 (+53.1%), from €14,014 to €21,454
- Depreciation -€4,109
down €4,109 (-52.2%), from €7,873 to €3,764
- Taxes +€3,704
up €3,704 (+241%), from €1,535 to €5,239
- Financial income +€1,709
up €1,709 (+556%), from €307 to €2,016
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 | €171,455 | €181,572 | +€10,117 | +5.9% |
| Fixed assets | 21/28 | €34,396 | €30,632 | -€3,764 | -10.9% |
| Tangible fixed assets | 22/27 | €34,396 | €30,632 | -€3,764 | -10.9% |
| Plant, machinery and equipment | 23 | €96 | - | -€96 | |
| Furniture and vehicles | 24 | €6,411 | €27,567 | +€21,156 | +330% |
| Other tangible fixed assets | 26 | €27,889 | €3,065 | -€24,824 | -89.0% |
| Current assets | 29/58 | €137,059 | €150,940 | +€13,881 | +10.1% |
| Amounts receivable within one year | 40/41 | €18,158 | €25,201 | +€7,042 | +38.8% |
| Trade receivables | 40 | €16,566 | €20,872 | +€4,306 | +26.0% |
| Other amounts receivable | 41 | €1,593 | €4,329 | +€2,736 | +172% |
| Current investments | 50/53 | €31,999 | €55,085 | +€23,086 | +72.1% |
| Cash at bank and in hand | 54/58 | €83,220 | €64,903 | -€18,317 | -22.0% |
| Deferred charges and accrued income | 490/1 | €3,681 | €5,750 | +€2,069 | +56.2% |
| Total equity and liabilities | 10/49 | €171,455 | €181,572 | +€10,117 | +5.9% |
| Equity | 10/15 | €163,257 | €174,712 | +€11,455 | +7.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €150,857 | €162,312 | +€11,455 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €148,997 | €160,452 | +€11,455 | +7.7% |
| Amounts payable | 17/49 | €8,198 | €6,860 | -€1,338 | -16.3% |
| Amounts payable after more than one year | 17 | €518 | - | -€518 | |
| Financial debts | 170/4 | €518 | - | -€518 | |
| Amounts payable within one year | 42/48 | €7,679 | €6,860 | -€819 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €3,076 | €778 | -€2,298 | -74.7% |
| Trade debts | 44 | €1,457 | €2,637 | +€1,180 | +81.0% |
| Suppliers | 440/4 | €1,457 | €2,637 | +€1,180 | +81.0% |
| Taxes, remuneration and social security | 45 | €3,147 | €3,445 | +€298 | +9.5% |
| Taxes | 450/3 | €3,147 | €3,445 | +€298 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,873 | €3,764 | -€4,109 | -52.2% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €14,014 | €21,454 | +€7,440 | +53.1% |
| Operating profit (loss) | 9901 | €5,757 | €17,302 | +€11,545 | +201% |
| Financial income | 75/76B | €307 | €2,016 | +€1,709 | +556% |
| Recurring financial income | 75 | €307 | €2,016 | +€1,709 | +556% |
| Financial charges | 65/66B | €2,561 | €2,625 | +€64 | +2.5% |
| Recurring financial charges | 65 | €2,561 | €2,625 | +€64 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €3,504 | €16,694 | +€13,190 | +376% |
| Income taxes | 67/77 | €1,535 | €5,239 | +€3,704 | +241% |
| Profit (loss) for the period | 9904 | €1,969 | €11,455 | +€9,486 | +482% |
| Profit (loss) for the period to be appropriated | 9905 | €1,969 | €11,455 | +€9,486 | +482% |
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 22 October 2026 via checked.be.