OFF THE GRID: 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.
OFF THE GRID
Largest movements
- Cash +€91,128
up €91,128 (+257.6%), from €35,379 to €126,507
mainly Net result for the year (+€88,152) and Other debts (+€43,313)
- Receivables within one year +€48,415
up €48,415 (+43.4%), from €111,629 to €160,043
of which Trade receivables: +€25,814
- Tangible fixed assets +€9,151
up €9,151 (+88.8%), from €10,310 to €19,461
of which Furniture and vehicles: +€6,641
- Financial fixed assets +€7,000
up €7,000 (+319.6%), from €2,190 to €9,190
- Profit (loss) carried forward +€88,152
new in 2025: €88,152
- Other debts +€43,313
up €43,313 (+262.0%), from €16,531 to €59,844
- Reserves -€25,000
down €25,000 (-53.9%), from €46,422 to €21,422
of which Distributable reserves: -€25,000
- Trade debts +€19,085
up €19,085 (+75.4%), from €25,306 to €44,390
- Current portion of long-term debt +€16,020
up €16,020 (+53.4%), from €30,000 to €46,020
- Gross operating margin +€166,639
up €166,639 (+98.9%), from €168,519 to €335,158
- Staff costs +€85,175
up €85,175 (+68.1%), from €125,112 to €210,287
- Taxes +€18,899
up €18,899 (+210.5%), from €8,977 to €27,876
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 | €167,852 | €322,847 | +€154,995 | +92.3% |
| Fixed assets | 21/28 | €19,401 | €33,826 | +€14,426 | +74.4% |
| Intangible fixed assets | 21 | €6,900 | €5,175 | -€1,725 | -25.0% |
| Tangible fixed assets | 22/27 | €10,310 | €19,461 | +€9,151 | +88.8% |
| Plant, machinery and equipment | 23 | €821 | €1,792 | +€970 | +118.1% |
| Furniture and vehicles | 24 | €9,489 | €16,130 | +€6,641 | +70.0% |
| Other tangible fixed assets | 26 | - | €1,539 | +€1,539 | |
| Financial fixed assets | 28 | €2,190 | €9,190 | +€7,000 | +319.6% |
| Current assets | 29/58 | €148,451 | €289,020 | +€140,569 | +94.7% |
| Amounts receivable within one year | 40/41 | €111,629 | €160,043 | +€48,415 | +43.4% |
| Trade receivables | 40 | €110,629 | €136,442 | +€25,814 | +23.3% |
| Other amounts receivable | 41 | €1,000 | €23,601 | +€22,601 | +2260.1% |
| Cash at bank and in hand | 54/58 | €35,379 | €126,507 | +€91,128 | +257.6% |
| Deferred charges and accrued income | 490/1 | €1,443 | €2,469 | +€1,026 | +71.1% |
| Total equity and liabilities | 10/49 | €167,852 | €322,847 | +€154,995 | +92.3% |
| Equity | 10/15 | €47,422 | €110,574 | +€63,152 | +133.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €46,422 | €21,422 | -€25,000 | -53.9% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €46,322 | €21,322 | -€25,000 | -54.0% |
| Profit (loss) carried forward | 14 | - | €88,152 | +€88,152 | |
| Amounts payable | 17/49 | €120,429 | €212,272 | +€91,843 | +76.3% |
| Amounts payable after more than one year | 17 | - | €2,738 | +€2,738 | |
| Financial debts | 170/4 | - | €2,738 | +€2,738 | |
| Amounts payable within one year | 42/48 | €101,671 | €194,934 | +€93,264 | +91.7% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €46,020 | +€16,020 | +53.4% |
| Trade debts | 44 | €25,306 | €44,390 | +€19,085 | +75.4% |
| Suppliers | 440/4 | €25,306 | €44,390 | +€19,085 | +75.4% |
| Taxes, remuneration and social security | 45 | €29,834 | €44,680 | +€14,846 | +49.8% |
| Taxes | 450/3 | €12,990 | €23,990 | +€11,000 | +84.7% |
| Remuneration and social security | 454/9 | €16,844 | €20,690 | +€3,846 | +22.8% |
| Other amounts payable | 47/48 | €16,531 | €59,844 | +€43,313 | +262.0% |
| Accrued charges and deferred income | 492/3 | €18,759 | €14,600 | -€4,159 | -22.2% |
| Remuneration, social security and pensions | 62 | €125,112 | €210,287 | +€85,175 | +68.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,006 | €6,906 | +€899 | +15.0% |
| Other operating charges | 640/8 | €1,239 | €915 | -€324 | -26.2% |
| Gross operating margin | 9900 | €168,519 | €335,158 | +€166,639 | +98.9% |
| Operating profit (loss) | 9901 | €36,162 | €117,051 | +€80,889 | +223.7% |
| Financial income | 75/76B | €179 | €43 | -€136 | -76.2% |
| Recurring financial income | 75 | €179 | €43 | -€136 | -76.2% |
| Financial charges | 65/66B | €882 | €1,066 | +€184 | +20.8% |
| Recurring financial charges | 65 | €882 | €1,066 | +€184 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €35,459 | €116,028 | +€80,569 | +227.2% |
| Income taxes | 67/77 | €8,977 | €27,876 | +€18,899 | +210.5% |
| Profit (loss) for the period | 9904 | €26,482 | €88,152 | +€61,670 | +232.9% |
| Profit (loss) for the period to be appropriated | 9905 | €26,482 | €88,152 | +€61,670 | +232.9% |
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 8 October 2026 via checked.be.