NUMERO 17: 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.
NUMERO 17
Largest movements
- Receivables within one year +€286,145
up €286,145 (+366%), from €78,274 to €364,419
of which Trade receivables: +€281,934
- Cash +€126,931
new in 2025: €126,931
mainly Other debts (+€531,493) and Depreciation (+€163,490)
- Tangible fixed assets -€119,576
down €119,576 (-6.0%), from €2.0m to €1.9m
of which Plant, machinery and equipment: -€64,515
- Current investments -€50,920
no longer reported in 2025 (was €50,920)
- Other debts +€531,493
up €531,493 (+139%), from €381,399 to €912,892
- Reserves -€194,324
down €194,324 (-86.0%), from €225,983 to €31,658
- Debts after one year -€152,011
down €152,011 (-19.8%), from €768,169 to €616,157
- Trade debts +€30,376
up €30,376 (+361%), from €8,414 to €38,791
- Profit (loss) carried forward +€24,502
up €24,502 (+4.3%), from €574,863 to €599,365
- Gross operating margin +€18,855
up €18,855 (+9.1%), from €206,847 to €225,701
- Depreciation +€5,979
up €5,979 (+3.8%), from €157,511 to €163,490
- Financial charges -€3,769
down €3,769 (-16.4%), from €23,037 to €19,268
- Other operating charges +€3,296
up €3,296 (+38.4%), from €8,589 to €11,885
- Taxes +€2,998
up €2,998 (+84.3%), from €3,558 to €6,556
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 | €2,132,427 | €2,375,801 | +€243,374 | +11.4% |
| Fixed assets | 21/28 | €2,000,456 | €1,880,881 | -€119,576 | -6.0% |
| Tangible fixed assets | 22/27 | €2,000,456 | €1,880,881 | -€119,576 | -6.0% |
| Land and buildings | 22 | €1,551,066 | €1,497,786 | -€53,279 | -3.4% |
| Plant, machinery and equipment | 23 | €445,813 | €381,298 | -€64,515 | -14.5% |
| Furniture and vehicles | 24 | €3,578 | €1,796 | -€1,782 | -49.8% |
| Current assets | 29/58 | €131,971 | €494,921 | +€362,950 | +275% |
| Amounts receivable within one year | 40/41 | €78,274 | €364,419 | +€286,145 | +366% |
| Trade receivables | 40 | €78,274 | €360,208 | +€281,934 | +360% |
| Other amounts receivable | 41 | - | €4,211 | +€4,211 | |
| Current investments | 50/53 | €50,920 | - | -€50,920 | |
| Cash at bank and in hand | 54/58 | - | €126,931 | +€126,931 | |
| Deferred charges and accrued income | 490/1 | €2,777 | €3,571 | +€793 | +28.6% |
| Total equity and liabilities | 10/49 | €2,132,427 | €2,375,801 | +€243,374 | +11.4% |
| Equity | 10/15 | €808,832 | €639,010 | -€169,823 | -21.0% |
| Contributions | 10/11 | €7,986 | €7,986 | = | 0.0% |
| Reserves | 13 | €225,983 | €31,658 | -€194,324 | -86.0% |
| Distributable reserves | 133 | €225,983 | €31,658 | -€194,324 | -86.0% |
| Profit (loss) carried forward | 14 | €574,863 | €599,365 | +€24,502 | +4.3% |
| Amounts payable | 17/49 | €1,323,595 | €1,736,791 | +€413,196 | +31.2% |
| Amounts payable after more than one year | 17 | €768,169 | €616,157 | -€152,011 | -19.8% |
| Financial debts | 170/4 | €768,169 | €616,157 | -€152,011 | -19.8% |
| Amounts payable within one year | 42/48 | €550,562 | €1,114,634 | +€564,072 | +102% |
| Current portion of amounts payable after more than one year | 42 | €156,798 | €152,011 | -€4,786 | -3.1% |
| Trade debts | 44 | €8,414 | €38,791 | +€30,376 | +361% |
| Suppliers | 440/4 | €8,414 | €38,791 | +€30,376 | +361% |
| Taxes, remuneration and social security | 45 | €3,951 | €10,940 | +€6,989 | +177% |
| Taxes | 450/3 | €3,951 | €6,556 | +€2,605 | +65.9% |
| Remuneration and social security | 454/9 | - | €4,384 | +€4,384 | |
| Other amounts payable | 47/48 | €381,399 | €912,892 | +€531,493 | +139% |
| Accrued charges and deferred income | 492/3 | €4,864 | €6,000 | +€1,136 | +23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,511 | €163,490 | +€5,979 | +3.8% |
| Other operating charges | 640/8 | €8,589 | €11,885 | +€3,296 | +38.4% |
| Gross operating margin | 9900 | €206,847 | €225,701 | +€18,855 | +9.1% |
| Operating profit (loss) | 9901 | €40,747 | €50,326 | +€9,579 | +23.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1,900% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1,900% |
| Financial charges | 65/66B | €23,037 | €19,268 | -€3,769 | -16.4% |
| Recurring financial charges | 65 | €23,037 | €19,268 | -€3,769 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €17,710 | €31,058 | +€13,348 | +75.4% |
| Income taxes | 67/77 | €3,558 | €6,556 | +€2,998 | +84.3% |
| Profit (loss) for the period | 9904 | €14,152 | €24,502 | +€10,350 | +73.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,152 | €24,502 | +€10,350 | +73.1% |
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 16 October 2026 via checked.be.