NB4: 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.
NB4
Largest movements
- Tangible fixed assets -€28,863
down €28,863 (-2.5%), from €1.2m to €1.1m
- Debts after one year -€68,823
down €68,823 (-11.8%), from €584,790 to €515,967
- Profit (loss) carried forward +€38,857
up €38,857 (+39.8%), from -€97,598 to -€58,741
- Depreciation -€169,317
down €169,317 (-85.4%), from €198,180 to €28,863
- Gross operating margin -€84,369
down €84,369 (-40.5%), from €208,437 to €124,068
- Financial charges -€39,341
down €39,341 (-47.8%), from €82,382 to €43,042
- Other operating charges -€12,186
down €12,186 (-47.8%), from €25,493 to €13,306
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 | €1,207,507 | €1,178,833 | -€28,674 | -2.4% |
| Fixed assets | 21/28 | €1,174,820 | €1,145,957 | -€28,863 | -2.5% |
| Tangible fixed assets | 22/27 | €1,174,820 | €1,145,957 | -€28,863 | -2.5% |
| Land and buildings | 22 | €1,174,820 | €1,145,957 | -€28,863 | -2.5% |
| Current assets | 29/58 | €32,687 | €32,876 | +€189 | +0.6% |
| Amounts receivable within one year | 40/41 | €2,243 | €2,299 | +€56 | +2.5% |
| Trade receivables | 40 | €424 | €0 | -€424 | -100.0% |
| Other amounts receivable | 41 | €1,819 | €2,299 | +€479 | +26.3% |
| Cash at bank and in hand | 54/58 | €30,444 | €30,577 | +€133 | +0.4% |
| Total equity and liabilities | 10/49 | €1,207,507 | €1,178,833 | -€28,674 | -2.4% |
| Equity | 10/15 | €152,402 | €191,259 | +€38,857 | +25.5% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€97,598 | -€58,741 | +€38,857 | +39.8% |
| Amounts payable | 17/49 | €1,055,105 | €987,574 | -€67,531 | -6.4% |
| Amounts payable after more than one year | 17 | €584,790 | €515,967 | -€68,823 | -11.8% |
| Financial debts | 170/4 | €584,790 | €515,967 | -€68,823 | -11.8% |
| Amounts payable within one year | 42/48 | €466,731 | €469,158 | +€2,428 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €66,046 | €68,823 | +€2,778 | +4.2% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €350 | €0 | -€350 | -100.0% |
| Suppliers | 440/4 | €350 | €0 | -€350 | -100.0% |
| Other amounts payable | 47/48 | €335 | €335 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,584 | €2,449 | -€1,135 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,180 | €28,863 | -€169,317 | -85.4% |
| Other operating charges | 640/8 | €25,493 | €13,306 | -€12,186 | -47.8% |
| Gross operating margin | 9900 | €208,437 | €124,068 | -€84,369 | -40.5% |
| Operating profit (loss) | 9901 | -€15,236 | €81,899 | +€97,134 | |
| Financial income | 75/76B | €20 | €0 | -€20 | -100.0% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -100.0% |
| Financial charges | 65/66B | €82,382 | €43,042 | -€39,341 | -47.8% |
| Recurring financial charges | 65 | €82,382 | €43,042 | -€39,341 | -47.8% |
| Profit (loss) for the period before taxes | 9903 | -€97,598 | €38,857 | +€136,455 | |
| Profit (loss) for the period | 9904 | -€97,598 | €38,857 | +€136,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€97,598 | €38,857 | +€136,455 |
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 6 October 2026 via checked.be.