NEUE MODE: 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.
NEUE MODE
Largest movements
- Cash +€434,856
up €434,856 (+299%), from €145,384 to €580,240
mainly Receivables within one year (+€257,702) and Stocks and contracts (+€236,348)
- Receivables within one year -€257,702
down €257,702 (-88.2%), from €292,303 to €34,601
of which Trade receivables: -€255,258
- Stocks and contracts -€236,348
down €236,348 (-100%), from €236,348 to €0
- Tangible fixed assets -€65,984
down €65,984 (-75.9%), from €86,933 to €20,949
of which Land and buildings: -€85,523
- Deferred charges and accrued income -€26,040
down €26,040 (-100%), from €26,040 to €0
- Reserves +€224,710
up €224,710 (+66.4%), from €338,470 to €563,180
of which Distributable reserves: +€224,710
- Short-term financial debts -€206,250
down €206,250 (-100%), from €206,250 to €0
- Trade debts -€103,614
down €103,614 (-92.3%), from €112,262 to €8,648
- Revaluation surpluses -€49,579
down €49,579 (-100%), from €49,579 to €0
- Tax, wage and social debts -€15,728
down €15,728 (-100.0%), from €15,732 to €4
of which Remuneration and social security: -€12,795
- Gross operating margin +€340,599
up €340,599 (+242%), from €140,456 to €481,055
- Staff costs -€72,641
down €72,641 (-54.4%), from €133,566 to €60,925
- Taxes +€53,370
up €53,370 (+7,482%), from €713 to €54,083
- Write-downs -€37,052
down €37,052 (-28.6%), from €129,434 to €92,382
- Other operating charges +€12,550
up €12,550 (+104%), from €12,091 to €24,641
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 | €788,494 | €635,790 | -€152,704 | -19.4% |
| Fixed assets | 21/28 | €88,419 | €20,949 | -€67,471 | -76.3% |
| Intangible fixed assets | 21 | €1,486 | €0 | -€1,486 | -100% |
| Tangible fixed assets | 22/27 | €86,933 | €20,949 | -€65,984 | -75.9% |
| Land and buildings | 22 | €85,523 | €0 | -€85,523 | -100% |
| Plant, machinery and equipment | 23 | €1,410 | €0 | -€1,410 | -100% |
| Furniture and vehicles | 24 | - | €20,949 | +€20,949 | |
| Current assets | 29/58 | €700,075 | €614,841 | -€85,234 | -12.2% |
| Stocks and contracts in progress | 3 | €236,348 | €0 | -€236,348 | -100% |
| Stocks | 30/36 | €236,348 | €0 | -€236,348 | -100% |
| Amounts receivable within one year | 40/41 | €292,303 | €34,601 | -€257,702 | -88.2% |
| Trade receivables | 40 | €279,225 | €23,967 | -€255,258 | -91.4% |
| Other amounts receivable | 41 | €13,078 | €10,635 | -€2,444 | -18.7% |
| Cash at bank and in hand | 54/58 | €145,384 | €580,240 | +€434,856 | +299% |
| Deferred charges and accrued income | 490/1 | €26,040 | €0 | -€26,040 | -100% |
| Total equity and liabilities | 10/49 | €788,494 | €635,790 | -€152,704 | -19.4% |
| Equity | 10/15 | €450,549 | €625,680 | +€175,132 | +38.9% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Revaluation surpluses | 12 | €49,579 | €0 | -€49,579 | -100% |
| Reserves | 13 | €338,470 | €563,180 | +€224,710 | +66.4% |
| Non-distributable reserves | 130/1 | €6,250 | €6,250 | = | 0.0% |
| Legal reserve | 130 | €6,250 | €6,250 | = | 0.0% |
| Distributable reserves | 133 | €332,220 | €556,930 | +€224,710 | +67.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €337,945 | €10,109 | -€327,836 | -97.0% |
| Amounts payable within one year | 42/48 | €334,938 | €9,346 | -€325,592 | -97.2% |
| Financial debts | 43 | €206,250 | €0 | -€206,250 | -100% |
| Credit institutions | 430/8 | €206,250 | €0 | -€206,250 | -100% |
| Trade debts | 44 | €112,262 | €8,648 | -€103,614 | -92.3% |
| Suppliers | 440/4 | €112,262 | €8,648 | -€103,614 | -92.3% |
| Taxes, remuneration and social security | 45 | €15,732 | €4 | -€15,728 | -100.0% |
| Taxes | 450/3 | €2,938 | €4 | -€2,933 | -99.8% |
| Remuneration and social security | 454/9 | €12,795 | €0 | -€12,795 | -100% |
| Other amounts payable | 47/48 | €694 | €694 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €3,007 | €763 | -€2,244 | -74.6% |
| Non-recurring operating income | 76A | - | €442,561 | +€442,561 | |
| Remuneration, social security and pensions | 62 | €133,566 | €60,925 | -€72,641 | -54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,082 | €5,206 | +€2,124 | +68.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €129,434 | €92,382 | -€37,052 | -28.6% |
| Other operating charges | 640/8 | €12,091 | €24,641 | +€12,550 | +104% |
| Non-recurring operating charges | 66A | €12,478 | €8,832 | -€3,646 | -29.2% |
| Gross operating margin | 9900 | €140,456 | €481,055 | +€340,599 | +242% |
| Operating profit (loss) | 9901 | -€150,195 | €289,069 | +€439,264 | |
| Financial income | 75/76B | €135 | €364 | +€230 | +170% |
| Recurring financial income | 75 | €135 | €364 | +€230 | +170% |
| Financial charges | 65/66B | €15,804 | €10,640 | -€5,164 | -32.7% |
| Recurring financial charges | 65 | €15,804 | €10,640 | -€5,164 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | -€165,864 | €278,794 | +€444,658 | |
| Income taxes | 67/77 | €713 | €54,083 | +€53,370 | +7,482% |
| Profit (loss) for the period | 9904 | -€166,577 | €224,710 | +€391,288 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,577 | €224,710 | +€391,288 |
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 20 October 2026 via checked.be.