MARKETLAB: what changed
Two fiscal 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.
MARKETLAB
Largest movements
- Receivables within one year -€38,289
down €38,289 (-47.0%), from €81,413 to €43,124
of which Trade receivables: -€34,192
- Tangible fixed assets -€25,187
down €25,187 (-34.9%), from €72,105 to €46,918
of which Land and buildings: -€25,058
- Cash -€11,987
down €11,987 (-100.0%), from €11,987 to €0
mainly Net result for the year (-€35,935) and Debts after one year (-€29,098)
- Profit (loss) carried forward -€35,935
down €35,935 (-67.7%), from €53,062 to €17,127
- Debts after one year -€29,098
down €29,098 (-52.3%), from €55,587 to €26,489
- Current portion of long-term debt -€10,848
down €10,848 (-26.4%), from €41,151 to €30,303
- Tax, wage and social debts -€5,821
down €5,821 (-67.5%), from €8,626 to €2,805
of which Taxes: -€5,821
- Short-term financial debts +€3,597
new in 2025: €3,597
- Gross operating margin -€22,238
down €22,238 (-98.6%), from €22,558 to €320
- Financial charges -€1,677
down €1,677 (-22.7%), from €7,383 to €5,706
- Taxes +€1,633
up €1,633 (+380.2%), from €429 to €2,062
- Other operating charges +€512
up €512 (+19.6%), from €2,615 to €3,126
- Depreciation -€295
down €295 (-1.1%), from €25,655 to €25,360
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 | €175,574 | €99,624 | -€75,949 | -43.3% |
| Fixed assets | 21/28 | €81,223 | €56,036 | -€25,187 | -31.0% |
| Tangible fixed assets | 22/27 | €72,105 | €46,918 | -€25,187 | -34.9% |
| Land and buildings | 22 | €52,003 | €26,944 | -€25,058 | -48.2% |
| Furniture and vehicles | 24 | €20,103 | €19,974 | -€129 | -0.6% |
| Financial fixed assets | 28 | €9,118 | €9,118 | = | 0.0% |
| Current assets | 29/58 | €94,351 | €43,589 | -€50,762 | -53.8% |
| Amounts receivable within one year | 40/41 | €81,413 | €43,124 | -€38,289 | -47.0% |
| Trade receivables | 40 | €40,572 | €6,380 | -€34,192 | -84.3% |
| Other amounts receivable | 41 | €40,841 | €36,744 | -€4,097 | -10.0% |
| Cash at bank and in hand | 54/58 | €11,987 | €0 | -€11,987 | -100.0% |
| Deferred charges and accrued income | 490/1 | €951 | €464 | -€487 | -51.2% |
| Total equity and liabilities | 10/49 | €175,574 | €99,624 | -€75,949 | -43.3% |
| Equity | 10/15 | €61,122 | €25,187 | -€35,935 | -58.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €53,062 | €17,127 | -€35,935 | -67.7% |
| Amounts payable | 17/49 | €114,452 | €74,437 | -€40,015 | -35.0% |
| Amounts payable after more than one year | 17 | €55,587 | €26,489 | -€29,098 | -52.3% |
| Financial debts | 170/4 | €55,587 | €26,489 | -€29,098 | -52.3% |
| Amounts payable within one year | 42/48 | €58,865 | €47,949 | -€10,916 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €41,151 | €30,303 | -€10,848 | -26.4% |
| Financial debts | 43 | - | €3,597 | +€3,597 | |
| Credit institutions | 430/8 | - | €3,597 | +€3,597 | |
| Trade debts | 44 | €9,088 | €11,245 | +€2,157 | +23.7% |
| Suppliers | 440/4 | €9,088 | €11,245 | +€2,157 | +23.7% |
| Taxes, remuneration and social security | 45 | €8,626 | €2,805 | -€5,821 | -67.5% |
| Taxes | 450/3 | €8,626 | €2,805 | -€5,821 | -67.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | €1,719 | €0 | -€1,719 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,655 | €25,360 | -€295 | -1.1% |
| Other operating charges | 640/8 | €2,615 | €3,126 | +€512 | +19.6% |
| Gross operating margin | 9900 | €22,558 | €320 | -€22,238 | -98.6% |
| Operating profit (loss) | 9901 | -€5,712 | -€28,167 | -€22,455 | -393.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €7,383 | €5,706 | -€1,677 | -22.7% |
| Recurring financial charges | 65 | €7,383 | €5,706 | -€1,677 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | -€13,095 | -€33,873 | -€20,778 | -158.7% |
| Income taxes | 67/77 | €429 | €2,062 | +€1,633 | +380.2% |
| Profit (loss) for the period | 9904 | -€13,524 | -€35,935 | -€22,411 | -165.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,524 | -€35,935 | -€22,411 | -165.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.