MORE: 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.
MORE
Largest movements
- Tangible fixed assets -€115,222
no longer reported in 2025 (was €115,222)
- Cash -€10,671
down €10,671 (-27.4%), from €38,891 to €28,220
mainly Contributions, distributions and other (-€76,793) and Tax, wage and social debts (-€42,186)
- Reserves -€76,793
down €76,793 (-91.2%), from €84,215 to €7,422
- Tax, wage and social debts -€42,186
down €42,186 (-100.0%), from €42,186 to €0
- Trade debts -€8,107
down €8,107 (-100.0%), from €8,107 to €0
- Other debts +€8,107
new in 2025: €8,107
- Profit (loss) carried forward -€7,058
new in 2025: -€7,058
- Gross operating margin -€140,684
down €140,684, from €134,291 to -€6,393
- Taxes -€42,186
down €42,186 (-100.0%), from €42,186 to €0
- Depreciation -€7,290
no longer reported in 2025 (was €7,290)
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 | €154,508 | €28,472 | -€126,037 | -81.6% |
| Fixed assets | 21/28 | €115,222 | - | -€115,222 | |
| Tangible fixed assets | 22/27 | €115,222 | - | -€115,222 | |
| Land and buildings | 22 | €115,222 | - | -€115,222 | |
| Current assets | 29/58 | €39,287 | €28,472 | -€10,815 | -27.5% |
| Amounts receivable within one year | 40/41 | €396 | €252 | -€144 | -36.4% |
| Other amounts receivable | 41 | €396 | €252 | -€144 | -36.4% |
| Cash at bank and in hand | 54/58 | €38,891 | €28,220 | -€10,671 | -27.4% |
| Total equity and liabilities | 10/49 | €154,508 | €28,472 | -€126,037 | -81.6% |
| Equity | 10/15 | €104,215 | €20,365 | -€83,850 | -80.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €84,215 | €7,422 | -€76,793 | -91.2% |
| Distributable reserves | 133 | €84,215 | €7,422 | -€76,793 | -91.2% |
| Profit (loss) carried forward | 14 | - | -€7,058 | -€7,058 | |
| Amounts payable | 17/49 | €50,293 | €8,107 | -€42,186 | -83.9% |
| Amounts payable within one year | 42/48 | €50,293 | €8,107 | -€42,186 | -83.9% |
| Trade debts | 44 | €8,107 | €0 | -€8,107 | -100.0% |
| Suppliers | 440/4 | €8,107 | €0 | -€8,107 | -100.0% |
| Taxes, remuneration and social security | 45 | €42,186 | €0 | -€42,186 | -100.0% |
| Taxes | 450/3 | €42,186 | €0 | -€42,186 | -100.0% |
| Other amounts payable | 47/48 | - | €8,107 | +€8,107 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,290 | - | -€7,290 | |
| Other operating charges | 640/8 | €502 | €507 | +€5 | +1.0% |
| Gross operating margin | 9900 | €134,291 | -€6,393 | -€140,684 | |
| Operating profit (loss) | 9901 | €126,498 | -€6,900 | -€133,398 | |
| Financial charges | 65/66B | €97 | €158 | +€61 | +62.9% |
| Recurring financial charges | 65 | €97 | €158 | +€61 | +62.9% |
| Profit (loss) for the period before taxes | 9903 | €126,401 | -€7,058 | -€133,459 | |
| Income taxes | 67/77 | €42,186 | €0 | -€42,186 | -100.0% |
| Profit (loss) for the period | 9904 | €84,215 | -€7,058 | -€91,273 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,215 | -€7,058 | -€91,273 |
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 5 October 2026 via checked.be.