no handlebars Co: 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.
no handlebars Co
Largest movements
- Intangible fixed assets -€28,546
down €28,546 (-47.3%), from €60,362 to €31,816
- Receivables within one year +€9,115
up €9,115 (+1,688%), from €540 to €9,655
- Cash -€3,197
down €3,197 (-43.0%), from €7,430 to €4,233
mainly Net result for the year (-€16,144) and Receivables within one year (-€9,115)
- Tangible fixed assets +€1,981
new in 2025: €1,981
- Profit (loss) carried forward -€16,144
down €16,144 (-15.7%), from -€103,067 to -€119,211
- Other debts -€8,431
down €8,431 (-33.0%), from €25,552 to €17,122
- Tax, wage and social debts +€6,887
up €6,887 (+2,420%), from €285 to €7,172
of which Taxes: +€5,184
- Trade debts -€3,297
down €3,297 (-6.7%), from €49,008 to €45,712
- Gross operating margin +€21,617
up €21,617 (+299%), from €7,228 to €28,845
- Staff costs +€14,594
up €14,594 (+7,885%), from €185 to €14,779
- Depreciation -€3,559
down €3,559 (-10.9%), from €32,676 to €29,117
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 | €69,489 | €48,873 | -€20,616 | -29.7% |
| Fixed assets | 21/28 | €61,487 | €34,922 | -€26,565 | -43.2% |
| Intangible fixed assets | 21 | €60,362 | €31,816 | -€28,546 | -47.3% |
| Tangible fixed assets | 22/27 | - | €1,981 | +€1,981 | |
| Furniture and vehicles | 24 | - | €1,981 | +€1,981 | |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €8,002 | €13,951 | +€5,949 | +74.3% |
| Amounts receivable within one year | 40/41 | €540 | €9,655 | +€9,115 | +1,688% |
| Trade receivables | 40 | €540 | €9,655 | +€9,115 | +1,688% |
| Cash at bank and in hand | 54/58 | €7,430 | €4,233 | -€3,197 | -43.0% |
| Deferred charges and accrued income | 490/1 | €33 | €63 | +€30 | +93.5% |
| Total equity and liabilities | 10/49 | €69,489 | €48,873 | -€20,616 | -29.7% |
| Equity | 10/15 | -€61,442 | -€77,586 | -€16,144 | -26.3% |
| Contributions | 10/11 | €41,625 | €41,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,067 | -€119,211 | -€16,144 | -15.7% |
| Amounts payable | 17/49 | €130,931 | €126,459 | -€4,472 | -3.4% |
| Amounts payable after more than one year | 17 | €56,086 | €56,454 | +€368 | +0.7% |
| Financial debts | 170/4 | €56,086 | €56,454 | +€368 | +0.7% |
| Amounts payable within one year | 42/48 | €74,845 | €70,005 | -€4,840 | -6.5% |
| Trade debts | 44 | €49,008 | €45,712 | -€3,297 | -6.7% |
| Suppliers | 440/4 | €49,008 | €45,712 | -€3,297 | -6.7% |
| Taxes, remuneration and social security | 45 | €285 | €7,172 | +€6,887 | +2,420% |
| Taxes | 450/3 | €285 | €5,469 | +€5,184 | +1,821% |
| Remuneration and social security | 454/9 | - | €1,703 | +€1,703 | |
| Other amounts payable | 47/48 | €25,552 | €17,122 | -€8,431 | -33.0% |
| Remuneration, social security and pensions | 62 | €185 | €14,779 | +€14,594 | +7,885% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,676 | €29,117 | -€3,559 | -10.9% |
| Other operating charges | 640/8 | €405 | €373 | -€32 | -7.8% |
| Gross operating margin | 9900 | €7,228 | €28,845 | +€21,617 | +299% |
| Operating profit (loss) | 9901 | -€26,038 | -€15,425 | +€10,614 | +40.8% |
| Financial income | 75/76B | €7 | €43 | +€36 | +530% |
| Recurring financial income | 75 | €7 | €43 | +€36 | +530% |
| Financial charges | 65/66B | €961 | €762 | -€199 | -20.7% |
| Recurring financial charges | 65 | €961 | €762 | -€199 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | -€26,992 | -€16,144 | +€10,848 | +40.2% |
| Profit (loss) for the period | 9904 | -€26,992 | -€16,144 | +€10,848 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,992 | -€16,144 | +€10,848 | +40.2% |
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 15 October 2026 via checked.be.