NON ZERO RATIO: 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.
NON ZERO RATIO
Largest movements
- Current investments +€33,984
up €33,984 (+34.0%), from €100,000 to €133,984
- Cash -€30,924
down €30,924 (-20.7%), from €149,118 to €118,194
mainly Current investments (-€33,984) and Contributions, distributions and other (-€17,936)
- Receivables within one year +€7,446
up €7,446 (+48.1%), from €15,478 to €22,924
of which Trade receivables: +€10,224
- Reserves +€9,232
up €9,232 (+3.8%), from €244,117 to €253,349
of which Distributable reserves: +€9,276
- Financial income +€15,758
up €15,758 (+650%), from €2,425 to €18,183
- Gross operating margin -€7,071
down €7,071 (-21.0%), from €33,733 to €26,662
- Taxes +€2,479
up €2,479 (+26.4%), from €9,402 to €11,881
- Financial charges +€914
up €914 (+665%), from €138 to €1,052
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 | €285,419 | €290,583 | +€5,163 | +1.8% |
| Fixed assets | 21/28 | €13,912 | €11,394 | -€2,518 | -18.1% |
| Tangible fixed assets | 22/27 | €13,912 | €11,394 | -€2,518 | -18.1% |
| Furniture and vehicles | 24 | €2,282 | €1,366 | -€916 | -40.1% |
| Other tangible fixed assets | 26 | €11,631 | €10,028 | -€1,602 | -13.8% |
| Current assets | 29/58 | €271,507 | €279,188 | +€7,681 | +2.8% |
| Amounts receivable within one year | 40/41 | €15,478 | €22,924 | +€7,446 | +48.1% |
| Trade receivables | 40 | €12,150 | €22,374 | +€10,224 | +84.1% |
| Other amounts receivable | 41 | €3,328 | €550 | -€2,778 | -83.5% |
| Current investments | 50/53 | €100,000 | €133,984 | +€33,984 | +34.0% |
| Cash at bank and in hand | 54/58 | €149,118 | €118,194 | -€30,924 | -20.7% |
| Deferred charges and accrued income | 490/1 | €6,911 | €4,086 | -€2,825 | -40.9% |
| Total equity and liabilities | 10/49 | €285,419 | €290,583 | +€5,163 | +1.8% |
| Equity | 10/15 | €274,117 | €283,349 | +€9,232 | +3.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €244,117 | €253,349 | +€9,232 | +3.8% |
| Tax-exempt reserves | 132 | €44 | - | -€44 | |
| Distributable reserves | 133 | €244,073 | €253,349 | +€9,276 | +3.8% |
| Amounts payable | 17/49 | €11,302 | €7,233 | -€4,069 | -36.0% |
| Amounts payable within one year | 42/48 | €11,169 | €7,201 | -€3,968 | -35.5% |
| Financial debts | 43 | €378 | - | -€378 | |
| Credit institutions | 430/8 | €378 | - | -€378 | |
| Trade debts | 44 | €5,582 | €3,603 | -€1,979 | -35.5% |
| Suppliers | 440/4 | €5,582 | €3,603 | -€1,979 | -35.5% |
| Taxes, remuneration and social security | 45 | €3,357 | €1,457 | -€1,900 | -56.6% |
| Taxes | 450/3 | €3,357 | €1,457 | -€1,900 | -56.6% |
| Other amounts payable | 47/48 | €1,852 | €2,141 | +€289 | +15.6% |
| Accrued charges and deferred income | 492/3 | €133 | €32 | -€101 | -75.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,212 | €2,518 | +€306 | +13.8% |
| Other operating charges | 640/8 | €1,984 | €2,226 | +€241 | +12.2% |
| Gross operating margin | 9900 | €33,733 | €26,662 | -€7,071 | -21.0% |
| Operating profit (loss) | 9901 | €29,537 | €21,918 | -€7,619 | -25.8% |
| Financial income | 75/76B | €2,425 | €18,183 | +€15,758 | +650% |
| Recurring financial income | 75 | €2,425 | €18,183 | +€15,758 | +650% |
| Financial charges | 65/66B | €138 | €1,052 | +€914 | +665% |
| Recurring financial charges | 65 | €138 | €1,052 | +€914 | +665% |
| Profit (loss) for the period before taxes | 9903 | €31,825 | €39,050 | +€7,225 | +22.7% |
| Income taxes | 67/77 | €9,402 | €11,881 | +€2,479 | +26.4% |
| Profit (loss) for the period | 9904 | €22,423 | €27,168 | +€4,746 | +21.2% |
| Transfer from tax-exempt reserves | 789 | - | €44 | +€44 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,423 | €27,212 | +€4,790 | +21.4% |
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.