Number 9: 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.
Number 9
Largest movements
- Current investments -€38,081
down €38,081 (-14.4%), from €263,896 to €225,815
- Deferred charges and accrued income -€4,746
down €4,746 (-53.5%), from €8,879 to €4,133
- Cash +€4,390
up €4,390 (+108.6%), from €4,041 to €8,431
mainly Current investments (+€38,081) and Depreciation (+€27,464)
- Trade debts -€12,891
down €12,891 (-76.9%), from €16,769 to €3,878
- Debts after one year -€11,790
down €11,790 (-59.6%), from €19,774 to €7,984
- Other debts +€10,137
up €10,137 (+40.7%), from €24,876 to €35,013
- Profit (loss) carried forward -€9,245
down €9,245 (-429.1%), from -€2,155 to -€11,400
- Short-term financial debts -€9,207
down €9,207 (-94.5%), from €9,744 to €537
- Gross operating margin -€51,113
down €51,113, from €25,793 to -€25,320
- Financial income +€35,500
up €35,500 (+407.3%), from €8,715 to €44,216
- Taxes -€7,035
down €7,035, from €6,036 to -€999
- Depreciation -€2,927
down €2,927 (-9.6%), from €30,392 to €27,464
- Financial charges +€1,459
up €1,459, from -€553 to €906
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 | €381,316 | €342,631 | -€38,685 | -10.1% |
| Fixed assets | 21/28 | €87,108 | €89,201 | +€2,094 | +2.4% |
| Tangible fixed assets | 22/27 | €87,108 | €88,969 | +€1,862 | +2.1% |
| Land and buildings | 22 | €15,949 | €15,256 | -€693 | -4.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €45,227 | €41,955 | -€3,273 | -7.2% |
| Other tangible fixed assets | 26 | €25,931 | €31,759 | +€5,828 | +22.5% |
| Financial fixed assets | 28 | - | €232 | +€232 | |
| Current assets | 29/58 | €294,209 | €253,429 | -€40,779 | -13.9% |
| Amounts receivable within one year | 40/41 | €17,392 | €15,051 | -€2,342 | -13.5% |
| Trade receivables | 40 | €10,330 | €11,868 | +€1,537 | +14.9% |
| Other amounts receivable | 41 | €7,062 | €3,183 | -€3,879 | -54.9% |
| Current investments | 50/53 | €263,896 | €225,815 | -€38,081 | -14.4% |
| Cash at bank and in hand | 54/58 | €4,041 | €8,431 | +€4,390 | +108.6% |
| Deferred charges and accrued income | 490/1 | €8,879 | €4,133 | -€4,746 | -53.5% |
| Total equity and liabilities | 10/49 | €381,316 | €342,631 | -€38,685 | -10.1% |
| Equity | 10/15 | €289,404 | €280,159 | -€9,245 | -3.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €285,359 | €285,359 | = | 0.0% |
| Distributable reserves | 133 | €285,359 | €285,359 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,155 | -€11,400 | -€9,245 | -429.1% |
| Amounts payable | 17/49 | €91,912 | €62,472 | -€29,440 | -32.0% |
| Amounts payable after more than one year | 17 | €19,774 | €7,984 | -€11,790 | -59.6% |
| Financial debts | 170/4 | €19,774 | €7,984 | -€11,790 | -59.6% |
| Amounts payable within one year | 42/48 | €72,138 | €51,218 | -€20,920 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €20,749 | €11,790 | -€8,959 | -43.2% |
| Financial debts | 43 | €9,744 | €537 | -€9,207 | -94.5% |
| Credit institutions | 430/8 | €9,744 | €537 | -€9,207 | -94.5% |
| Trade debts | 44 | €16,769 | €3,878 | -€12,891 | -76.9% |
| Suppliers | 440/4 | €16,769 | €3,878 | -€12,891 | -76.9% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €24,876 | €35,013 | +€10,137 | +40.7% |
| Accrued charges and deferred income | 492/3 | €0 | €3,270 | +€3,270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,392 | €27,464 | -€2,927 | -9.6% |
| Other operating charges | 640/8 | €956 | €771 | -€186 | -19.4% |
| Gross operating margin | 9900 | €25,793 | -€25,320 | -€51,113 | |
| Operating profit (loss) | 9901 | -€5,555 | -€53,554 | -€48,000 | -864.1% |
| Financial income | 75/76B | €8,715 | €44,216 | +€35,500 | +407.3% |
| Recurring financial income | 75 | €8,715 | €44,216 | +€35,500 | +407.3% |
| Financial charges | 65/66B | -€553 | €906 | +€1,459 | |
| Recurring financial charges | 65 | -€553 | €906 | +€1,459 | |
| Profit (loss) for the period before taxes | 9903 | €3,714 | -€10,245 | -€13,958 | |
| Income taxes | 67/77 | €6,036 | -€999 | -€7,035 | |
| Profit (loss) for the period | 9904 | -€2,322 | -€9,245 | -€6,923 | -298.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,322 | -€9,245 | -€6,923 | -298.1% |
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 4 October 2026 via checked.be.