New Q: 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.
New Q
Largest movements
- Receivables within one year -€107,032
down €107,032 (-57.9%), from €184,850 to €77,818
of which Trade receivables: -€109,400
- Other debts -€88,389
down €88,389 (-8.2%), from €1.1m to €985,287
- Tax, wage and social debts -€27,093
down €27,093 (-93.1%), from €29,093 to €2,000
- Gross operating margin -€99,091
down €99,091 (-61.6%), from €160,772 to €61,681
- Taxes -€2,363
down €2,363 (-54.3%), from €4,352 to €1,989
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 | €1,254,017 | €1,151,134 | -€102,883 | -8.2% |
| Fixed assets | 21/28 | €1,038,333 | €1,038,333 | = | 0.0% |
| Financial fixed assets | 28 | €1,038,333 | €1,038,333 | = | 0.0% |
| Current assets | 29/58 | €215,684 | €112,801 | -€102,883 | -47.7% |
| Amounts receivable within one year | 40/41 | €184,850 | €77,818 | -€107,032 | -57.9% |
| Trade receivables | 40 | €169,400 | €60,000 | -€109,400 | -64.6% |
| Other amounts receivable | 41 | €15,450 | €17,818 | +€2,368 | +15.3% |
| Cash at bank and in hand | 54/58 | €30,834 | €34,982 | +€4,149 | +13.5% |
| Total equity and liabilities | 10/49 | €1,254,017 | €1,151,134 | -€102,883 | -8.2% |
| Equity | 10/15 | €65,202 | €70,551 | +€5,349 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €435 | €435 | = | 0.0% |
| Distributable reserves | 133 | €435 | €435 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,567 | €63,916 | +€5,349 | +9.1% |
| Amounts payable | 17/49 | €1,188,815 | €1,080,583 | -€108,232 | -9.1% |
| Amounts payable within one year | 42/48 | €1,147,468 | €1,039,236 | -€108,232 | -9.4% |
| Trade debts | 44 | €44,700 | €51,950 | +€7,250 | +16.2% |
| Suppliers | 440/4 | €44,700 | €51,950 | +€7,250 | +16.2% |
| Taxes, remuneration and social security | 45 | €29,093 | €2,000 | -€27,093 | -93.1% |
| Taxes | 450/3 | €29,093 | €2,000 | -€27,093 | -93.1% |
| Other amounts payable | 47/48 | €1,073,676 | €985,287 | -€88,389 | -8.2% |
| Accrued charges and deferred income | 492/3 | €41,346 | €41,346 | = | 0.0% |
| Other operating charges | 640/8 | €1,352 | €1,298 | -€53 | -3.9% |
| Gross operating margin | 9900 | €160,772 | €61,681 | -€99,091 | -61.6% |
| Operating profit (loss) | 9901 | €159,420 | €60,383 | -€99,038 | -62.1% |
| Financial charges | 65/66B | €42,972 | €43,044 | +€73 | +0.2% |
| Recurring financial charges | 65 | €42,972 | €43,044 | +€73 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €116,449 | €17,338 | -€99,111 | -85.1% |
| Income taxes | 67/77 | €4,352 | €1,989 | -€2,363 | -54.3% |
| Profit (loss) for the period | 9904 | €112,096 | €15,349 | -€96,748 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €112,096 | €15,349 | -€96,748 | -86.3% |
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 17 October 2026 via checked.be.