MUCH MEMORY: 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.
MUCH MEMORY
Largest movements
- Receivables within one year +€80,569
up €80,569 (+33.7%), from €238,937 to €319,506
of which Trade receivables: +€74,936
- Trade debts +€78,769
up €78,769 (+307.9%), from €25,585 to €104,354
- Profit (loss) carried forward +€9,128
up €9,128 (+6.1%), from €149,104 to €158,232
- Tax, wage and social debts -€5,474
down €5,474 (-28.3%), from €19,312 to €13,838
- Debts after one year -€4,448
down €4,448 (-51.1%), from €8,703 to €4,255
- Other debts -€4,000
down €4,000 (-32.7%), from €12,241 to €8,241
- Purchases and services -€54,727
down €54,727 (-23.3%), from €235,139 to €180,412
- Taxes -€13,934
down €13,934 (-78.4%), from €17,775 to €3,841
- Gross operating margin -€9,782
down €9,782 (-31.5%), from €31,042 to €21,260
- Depreciation -€5,713
down €5,713 (-67.6%), from €8,446 to €2,732
- Other operating charges +€1,721
up €1,721 (+118.5%), from €1,452 to €3,174
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 | €255,027 | €332,919 | +€77,893 | +30.5% |
| Fixed assets | 21/28 | €14,113 | €11,380 | -€2,733 | -19.4% |
| Tangible fixed assets | 22/27 | €10,730 | €7,997 | -€2,733 | -25.5% |
| Land and buildings | 22 | €8,667 | €7,667 | -€1,000 | -11.5% |
| Furniture and vehicles | 24 | €2,063 | €330 | -€1,733 | -84.0% |
| Financial fixed assets | 28 | €3,384 | €3,384 | = | 0.0% |
| Current assets | 29/58 | €240,913 | €321,539 | +€80,626 | +33.5% |
| Amounts receivable within one year | 40/41 | €238,937 | €319,506 | +€80,569 | +33.7% |
| Trade receivables | 40 | €211,354 | €286,290 | +€74,936 | +35.5% |
| Other amounts receivable | 41 | €27,583 | €33,216 | +€5,633 | +20.4% |
| Cash at bank and in hand | 54/58 | €1,976 | €2,033 | +€57 | +2.9% |
| Total equity and liabilities | 10/49 | €255,027 | €332,919 | +€77,893 | +30.5% |
| Equity | 10/15 | €181,930 | €191,058 | +€9,128 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,226 | €14,226 | = | 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% |
| Tax-exempt reserves | 132 | €12,366 | €12,366 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,104 | €158,232 | +€9,128 | +6.1% |
| Amounts payable | 17/49 | €73,097 | €141,861 | +€68,765 | +94.1% |
| Amounts payable after more than one year | 17 | €8,703 | €4,255 | -€4,448 | -51.1% |
| Financial debts | 170/4 | €8,703 | €4,255 | -€4,448 | -51.1% |
| Amounts payable within one year | 42/48 | €64,393 | €137,606 | +€73,213 | +113.7% |
| Current portion of amounts payable after more than one year | 42 | €4,448 | €4,448 | = | 0.0% |
| Financial debts | 43 | €2,807 | €6,725 | +€3,917 | +139.5% |
| Credit institutions | 430/8 | €2,807 | €6,725 | +€3,917 | +139.5% |
| Trade debts | 44 | €25,585 | €104,354 | +€78,769 | +307.9% |
| Suppliers | 440/4 | €25,585 | €104,354 | +€78,769 | +307.9% |
| Taxes, remuneration and social security | 45 | €19,312 | €13,838 | -€5,474 | -28.3% |
| Taxes | 450/3 | €19,312 | €13,838 | -€5,474 | -28.3% |
| Other amounts payable | 47/48 | €12,241 | €8,241 | -€4,000 | -32.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €235,139 | €180,412 | -€54,727 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,446 | €2,732 | -€5,713 | -67.6% |
| Other operating charges | 640/8 | €1,452 | €3,174 | +€1,721 | +118.5% |
| Gross operating margin | 9900 | €31,042 | €21,260 | -€9,782 | -31.5% |
| Operating profit (loss) | 9901 | €21,143 | €15,353 | -€5,790 | -27.4% |
| Financial charges | 65/66B | €1,817 | €2,385 | +€568 | +31.2% |
| Recurring financial charges | 65 | €1,817 | €2,385 | +€568 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €19,326 | €12,969 | -€6,358 | -32.9% |
| Income taxes | 67/77 | €17,775 | €3,841 | -€13,934 | -78.4% |
| Profit (loss) for the period | 9904 | €1,552 | €9,128 | +€7,576 | +488.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,552 | €9,128 | +€7,576 | +488.2% |
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 29 September 2026 via checked.be.