Not Another Copy: 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.
Not Another Copy
Largest movements
- Receivables within one year +€143,408
up €143,408 (+361.8%), from €39,641 to €183,048
of which Trade receivables: +€129,198
- Cash +€82,549
up €82,549 (+250.0%), from €33,017 to €115,566
mainly Tax, wage and social debts (+€152,647) and Accrued charges and deferred income (+€146,237)
- Tangible fixed assets +€24,881
up €24,881 (+11.5%), from €216,145 to €241,026
of which Furniture and vehicles: +€43,074
- Tax, wage and social debts +€152,647
up €152,647 (+449.1%), from €33,991 to €186,638
of which Taxes: +€152,296
- Accrued charges and deferred income +€146,237
new in 2025: €146,237
- Trade debts -€102,219
down €102,219 (-97.0%), from €105,391 to €3,172
- Profit (loss) carried forward +€56,663
up €56,663, from -€7,871 to €48,792
- Current portion of long-term debt +€19,616
new in 2025: €19,616
- Gross operating margin +€672,387
up €672,387 (+458.9%), from €146,530 to €818,917
- Staff costs -€27,313
down €27,313 (-20.7%), from €131,921 to €104,609
- Taxes +€18,935
up €18,935 (+1816.9%), from €1,042 to €19,977
- Depreciation +€10,287
up €10,287 (+59.8%), from €17,210 to €27,497
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 | €290,009 | €548,740 | +€258,731 | +89.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €217,351 | €245,181 | +€27,830 | +12.8% |
| Intangible fixed assets | 21 | - | €3,869 | +€3,869 | |
| Tangible fixed assets | 22/27 | €216,145 | €241,026 | +€24,881 | +11.5% |
| Land and buildings | 22 | €215,122 | €191,916 | -€23,206 | -10.8% |
| Plant, machinery and equipment | 23 | - | €5,013 | +€5,013 | |
| Furniture and vehicles | 24 | €1,023 | €44,097 | +€43,074 | +4210.7% |
| Financial fixed assets | 28 | €1,206 | €286 | -€920 | -76.3% |
| Current assets | 29/58 | €72,657 | €303,559 | +€230,901 | +317.8% |
| Amounts receivable within one year | 40/41 | €39,641 | €183,048 | +€143,408 | +361.8% |
| Trade receivables | 40 | €7,629 | €136,827 | +€129,198 | +1693.5% |
| Other amounts receivable | 41 | €32,012 | €46,221 | +€14,210 | +44.4% |
| Current investments | 50/53 | - | €920 | +€920 | |
| Cash at bank and in hand | 54/58 | €33,017 | €115,566 | +€82,549 | +250.0% |
| Deferred charges and accrued income | 490/1 | - | €4,025 | +€4,025 | |
| Total equity and liabilities | 10/49 | €290,009 | €548,740 | +€258,731 | +89.2% |
| Equity | 10/15 | -€6,371 | €50,292 | +€56,663 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,871 | €48,792 | +€56,663 | |
| Amounts payable | 17/49 | €296,380 | €498,448 | +€202,068 | +68.2% |
| Amounts payable after more than one year | 17 | €128,463 | €142,787 | +€14,324 | +11.2% |
| Financial debts | 170/4 | €128,463 | €142,787 | +€14,324 | +11.2% |
| Amounts payable within one year | 42/48 | €167,917 | €209,425 | +€41,508 | +24.7% |
| Current portion of amounts payable after more than one year | 42 | - | €19,616 | +€19,616 | |
| Financial debts | 43 | €13,536 | €0 | -€13,536 | -100.0% |
| Credit institutions | 430/8 | €13,536 | €0 | -€13,536 | -100.0% |
| Trade debts | 44 | €105,391 | €3,172 | -€102,219 | -97.0% |
| Suppliers | 440/4 | €105,391 | €3,172 | -€102,219 | -97.0% |
| Taxes, remuneration and social security | 45 | €33,991 | €186,638 | +€152,647 | +449.1% |
| Taxes | 450/3 | €16,177 | €168,473 | +€152,296 | +941.5% |
| Remuneration and social security | 454/9 | €17,814 | €18,165 | +€351 | +2.0% |
| Other amounts payable | 47/48 | €15,000 | €0 | -€15,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €146,237 | +€146,237 | |
| Remuneration, social security and pensions | 62 | €131,921 | €104,609 | -€27,313 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,210 | €27,497 | +€10,287 | +59.8% |
| Other operating charges | 640/8 | €121 | €3,570 | +€3,449 | +2844.8% |
| Non-recurring operating charges | 66A | - | €598,869 | +€598,869 | |
| Gross operating margin | 9900 | €146,530 | €818,917 | +€672,387 | +458.9% |
| Operating profit (loss) | 9901 | -€2,723 | €84,372 | +€87,095 | |
| Financial income | 75/76B | €588 | €520 | -€69 | -11.7% |
| Recurring financial income | 75 | €588 | €520 | -€69 | -11.7% |
| Financial charges | 65/66B | €4,695 | €8,251 | +€3,557 | +75.8% |
| Recurring financial charges | 65 | €4,695 | €8,251 | +€3,557 | +75.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,829 | €76,641 | +€83,470 | |
| Income taxes | 67/77 | €1,042 | €19,977 | +€18,935 | +1816.9% |
| Profit (loss) for the period | 9904 | -€7,871 | €56,663 | +€64,535 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,871 | €56,663 | +€64,535 |
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 2 October 2026 via checked.be.