MODUL3: 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.
MODUL3
Largest movements
- Receivables within one year +€217,543
up €217,543 (+110.9%), from €196,126 to €413,670
of which Trade receivables: +€195,640
- Accrued charges and deferred income +€91,700
up €91,700 (+2132.6%), from €4,300 to €96,000
- Trade debts +€85,787
up €85,787 (+562.9%), from €15,241 to €101,027
- Tax, wage and social debts +€35,758
up €35,758 (+259.7%), from €13,767 to €49,525
- Profit (loss) carried forward +€5,113
up €5,113 (+9.5%), from €54,062 to €59,175
- Gross operating margin -€12,425
down €12,425 (-34.1%), from €36,404 to €23,979
- Taxes +€3,303
up €3,303 (+1151.5%), from €287 to €3,590
- Depreciation -€2,744
down €2,744 (-28.0%), from €9,811 to €7,068
- Other operating charges -€1,866
down €1,866 (-36.5%), from €5,117 to €3,250
- Financial charges -€1,423
down €1,423 (-25.0%), from €5,692 to €4,269
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 | €211,507 | €427,715 | +€216,208 | +102.2% |
| Fixed assets | 21/28 | €11,302 | €7,666 | -€3,635 | -32.2% |
| Intangible fixed assets | 21 | €5,524 | €2,764 | -€2,760 | -50.0% |
| Tangible fixed assets | 22/27 | €5,778 | €4,903 | -€875 | -15.1% |
| Plant, machinery and equipment | 23 | €762 | €3,299 | +€2,537 | +332.8% |
| Furniture and vehicles | 24 | €5,015 | €1,604 | -€3,412 | -68.0% |
| Current assets | 29/58 | €200,205 | €420,048 | +€219,843 | +109.8% |
| Stocks and contracts in progress | 3 | €2,350 | €2,350 | = | 0.0% |
| Stocks | 30/36 | €2,350 | €2,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €196,126 | €413,670 | +€217,543 | +110.9% |
| Trade receivables | 40 | €189,121 | €384,761 | +€195,640 | +103.4% |
| Other amounts receivable | 41 | €7,005 | €28,908 | +€21,903 | +312.7% |
| Cash at bank and in hand | 54/58 | €1,489 | €421 | -€1,068 | -71.7% |
| Deferred charges and accrued income | 490/1 | €240 | €3,608 | +€3,368 | +1404.1% |
| Total equity and liabilities | 10/49 | €211,507 | €427,715 | +€216,208 | +102.2% |
| Equity | 10/15 | €123,550 | €128,662 | +€5,113 | +4.1% |
| Contributions | 10/11 | €53,625 | €53,625 | = | 0.0% |
| Reserves | 13 | €15,863 | €15,863 | = | 0.0% |
| Distributable reserves | 133 | €15,863 | €15,863 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,062 | €59,175 | +€5,113 | +9.5% |
| Amounts payable | 17/49 | €87,957 | €299,052 | +€211,095 | +240.0% |
| Amounts payable within one year | 42/48 | €83,657 | €203,052 | +€119,395 | +142.7% |
| Current portion of amounts payable after more than one year | 42 | €1,502 | - | -€1,502 | |
| Financial debts | 43 | €28,148 | €27,500 | -€648 | -2.3% |
| Credit institutions | 430/8 | €28,148 | €27,500 | -€648 | -2.3% |
| Trade debts | 44 | €15,241 | €101,027 | +€85,787 | +562.9% |
| Suppliers | 440/4 | €15,241 | €101,027 | +€85,787 | +562.9% |
| Taxes, remuneration and social security | 45 | €13,767 | €49,525 | +€35,758 | +259.7% |
| Taxes | 450/3 | €13,767 | €49,525 | +€35,758 | +259.7% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,300 | €96,000 | +€91,700 | +2132.6% |
| Non-recurring operating income | 76A | €5,110 | - | -€5,110 | |
| Remuneration, social security and pensions | 62 | - | €1,038 | +€1,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,811 | €7,068 | -€2,744 | -28.0% |
| Other operating charges | 640/8 | €5,117 | €3,250 | -€1,866 | -36.5% |
| Gross operating margin | 9900 | €36,404 | €23,979 | -€12,425 | -34.1% |
| Operating profit (loss) | 9901 | €21,476 | €12,623 | -€8,853 | -41.2% |
| Financial income | 75/76B | - | €348 | +€348 | |
| Recurring financial income | 75 | - | €348 | +€348 | |
| Financial charges | 65/66B | €5,692 | €4,269 | -€1,423 | -25.0% |
| Recurring financial charges | 65 | €5,692 | €4,269 | -€1,423 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €15,784 | €8,703 | -€7,081 | -44.9% |
| Income taxes | 67/77 | €287 | €3,590 | +€3,303 | +1151.5% |
| Profit (loss) for the period | 9904 | €15,497 | €5,113 | -€10,384 | -67.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,497 | €5,113 | -€10,384 | -67.0% |
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.