O & L: 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.
O & L
Largest movements
- Cash +€83,087
up €83,087 (+477%), from €17,405 to €100,493
mainly Net result for the year (+€90,909) and Tax, wage and social debts (+€9,752)
- Current investments +€17,407
up €17,407 (+4.3%), from €405,027 to €422,434
- Reserves +€89,500
up €89,500 (+23.1%), from €387,547 to €477,047
- Tax, wage and social debts +€9,752
up €9,752 (+66.4%), from €14,680 to €24,432
- Gross operating margin -€4,299
down €4,299 (-3.4%), from €125,763 to €121,464
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 | €424,056 | €524,801 | +€100,745 | +23.8% |
| Fixed assets | 21/28 | €700 | €1,123 | +€423 | +60.5% |
| Tangible fixed assets | 22/27 | €700 | €1,123 | +€423 | +60.5% |
| Furniture and vehicles | 24 | €700 | €1,123 | +€423 | +60.5% |
| Current assets | 29/58 | €423,356 | €523,678 | +€100,322 | +23.7% |
| Current investments | 50/53 | €405,027 | €422,434 | +€17,407 | +4.3% |
| Cash at bank and in hand | 54/58 | €17,405 | €100,493 | +€83,087 | +477% |
| Deferred charges and accrued income | 490/1 | €924 | €752 | -€172 | -18.6% |
| Total equity and liabilities | 10/49 | €424,056 | €524,801 | +€100,745 | +23.8% |
| Equity | 10/15 | €408,773 | €499,682 | +€90,909 | +22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €387,547 | €477,047 | +€89,500 | +23.1% |
| Distributable reserves | 133 | €387,547 | €477,047 | +€89,500 | +23.1% |
| Profit (loss) carried forward | 14 | €2,626 | €4,036 | +€1,409 | +53.7% |
| Amounts payable | 17/49 | €15,283 | €25,119 | +€9,836 | +64.4% |
| Amounts payable within one year | 42/48 | €15,283 | €25,119 | +€9,836 | +64.4% |
| Trade debts | 44 | €426 | €500 | +€74 | +17.4% |
| Suppliers | 440/4 | €426 | €500 | +€74 | +17.4% |
| Taxes, remuneration and social security | 45 | €14,680 | €24,432 | +€9,752 | +66.4% |
| Taxes | 450/3 | €14,680 | €24,432 | +€9,752 | +66.4% |
| Other amounts payable | 47/48 | €177 | €187 | +€10 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €490 | €490 | = | 0.0% |
| Other operating charges | 640/8 | €883 | €919 | +€35 | +4.0% |
| Gross operating margin | 9900 | €125,763 | €121,464 | -€4,299 | -3.4% |
| Operating profit (loss) | 9901 | €124,389 | €120,055 | -€4,334 | -3.5% |
| Financial income | 75/76B | €8,584 | €9,553 | +€969 | +11.3% |
| Recurring financial income | 75 | €8,584 | €9,553 | +€969 | +11.3% |
| Financial charges | 65/66B | €56 | €63 | +€7 | +13.0% |
| Recurring financial charges | 65 | €56 | €63 | +€7 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | €132,917 | €129,545 | -€3,372 | -2.5% |
| Income taxes | 67/77 | €38,513 | €38,636 | +€123 | +0.3% |
| Profit (loss) for the period | 9904 | €94,404 | €90,909 | -€3,495 | -3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €94,404 | €90,909 | -€3,495 | -3.7% |
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 27 October 2026 via checked.be.