MNEMONIC: 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.
MNEMONIC
Largest movements
- Cash +€40,011
up €40,011 (+104%), from €38,331 to €78,342
mainly Net result for the year (+€51,619) and Receivables within one year (+€18,626)
- Receivables within one year -€18,626
down €18,626 (-67.0%), from €27,786 to €9,160
of which Trade receivables: -€13,626
- Tangible fixed assets -€9,701
down €9,701 (-19.0%), from €51,141 to €41,440
of which Furniture and vehicles: -€9,076
- Deferred charges and accrued income -€6,851
down €6,851 (-80.4%), from €8,523 to €1,673
- Reserves +€11,315
up €11,315 (+4.2%), from €272,205 to €283,520
of which Distributable reserves: +€12,800
- Trade debts -€9,630
down €9,630 (-92.6%), from €10,399 to €769
- Other debts +€3,927
up €3,927 (+13.6%), from €28,781 to €32,708
- Gross operating margin +€23,623
up €23,623 (+35.8%), from €65,972 to €89,595
- Taxes +€7,104
up €7,104 (+50.2%), from €14,147 to €21,251
- Financial income +€1,887
up €1,887 (+72.4%), from €2,607 to €4,494
- Financial charges -€912
down €912 (-28.9%), from €3,155 to €2,243
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 | €343,091 | €349,636 | +€6,545 | +1.9% |
| Fixed assets | 21/28 | €51,307 | €41,440 | -€9,867 | -19.2% |
| Intangible fixed assets | 21 | €166 | - | -€166 | |
| Tangible fixed assets | 22/27 | €51,141 | €41,440 | -€9,701 | -19.0% |
| Land and buildings | 22 | €8,906 | €4,881 | -€4,025 | -45.2% |
| Plant, machinery and equipment | 23 | €171 | €3,571 | +€3,400 | +1,985% |
| Furniture and vehicles | 24 | €42,064 | €32,988 | -€9,076 | -21.6% |
| Current assets | 29/58 | €291,784 | €308,196 | +€16,412 | +5.6% |
| Stocks and contracts in progress | 3 | €2,969 | €3,038 | +€69 | +2.3% |
| Stocks | 30/36 | €2,969 | €3,038 | +€69 | +2.3% |
| Amounts receivable within one year | 40/41 | €27,786 | €9,160 | -€18,626 | -67.0% |
| Trade receivables | 40 | €22,786 | €9,160 | -€13,626 | -59.8% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Current investments | 50/53 | €214,175 | €215,984 | +€1,808 | +0.8% |
| Cash at bank and in hand | 54/58 | €38,331 | €78,342 | +€40,011 | +104% |
| Deferred charges and accrued income | 490/1 | €8,523 | €1,673 | -€6,851 | -80.4% |
| Total equity and liabilities | 10/49 | €343,091 | €349,636 | +€6,545 | +1.9% |
| Equity | 10/15 | €284,866 | €295,952 | +€11,086 | +3.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €272,205 | €283,520 | +€11,315 | +4.2% |
| Tax-exempt reserves | 132 | €5,891 | €4,406 | -€1,485 | -25.2% |
| Distributable reserves | 133 | €266,314 | €279,114 | +€12,800 | +4.8% |
| Profit (loss) carried forward | 14 | €262 | €33 | -€229 | -87.5% |
| Provisions and deferred taxes | 16 | €3,457 | €3,132 | -€325 | -9.4% |
| Provisions for liabilities and charges | 160/5 | €2,200 | €2,200 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,200 | €2,200 | = | 0.0% |
| Deferred taxes | 168 | €1,257 | €932 | -€325 | -25.9% |
| Amounts payable | 17/49 | €54,768 | €50,552 | -€4,216 | -7.7% |
| Amounts payable within one year | 42/48 | €54,768 | €50,552 | -€4,216 | -7.7% |
| Trade debts | 44 | €10,399 | €769 | -€9,630 | -92.6% |
| Suppliers | 440/4 | €10,399 | €769 | -€9,630 | -92.6% |
| Taxes, remuneration and social security | 45 | €15,588 | €17,075 | +€1,487 | +9.5% |
| Taxes | 450/3 | €11,585 | €17,075 | +€5,490 | +47.4% |
| Remuneration and social security | 454/9 | €4,003 | - | -€4,003 | |
| Other amounts payable | 47/48 | €28,781 | €32,708 | +€3,927 | +13.6% |
| Non-recurring operating income | 76A | €350 | €4,963 | +€4,613 | +1,318% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,329 | €18,317 | -€12 | -0.1% |
| Other operating charges | 640/8 | €894 | €985 | +€91 | +10.1% |
| Gross operating margin | 9900 | €65,972 | €89,595 | +€23,623 | +35.8% |
| Operating profit (loss) | 9901 | €46,749 | €70,293 | +€23,544 | +50.4% |
| Financial income | 75/76B | €2,607 | €4,494 | +€1,887 | +72.4% |
| Recurring financial income | 75 | €2,607 | €4,494 | +€1,887 | +72.4% |
| Financial charges | 65/66B | €3,155 | €2,243 | -€912 | -28.9% |
| Recurring financial charges | 65 | €3,155 | €2,243 | -€912 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €46,202 | €72,545 | +€26,343 | +57.0% |
| Transfer from deferred taxes | 780 | €325 | €325 | = | 0.0% |
| Income taxes | 67/77 | €14,147 | €21,251 | +€7,104 | +50.2% |
| Profit (loss) for the period | 9904 | €32,380 | €51,619 | +€19,239 | +59.4% |
| Transfer from tax-exempt reserves | 789 | €1,485 | €1,485 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,865 | €53,104 | +€19,239 | +56.8% |
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 23 October 2026 via checked.be.