OKTOBER: 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.
OKTOBER
Largest movements
- Cash -€11,200
down €11,200 (-41.0%), from €27,341 to €16,140
mainly Net result for the year (-€15,634) and Receivables within one year (-€9,407)
- Receivables within one year +€9,407
up €9,407 (+339.0%), from €2,775 to €12,181
of which Trade receivables: +€9,646
- Tangible fixed assets -€5,503
down €5,503 (-21.5%), from €25,646 to €20,143
of which Other tangible fixed assets: -€2,898
- Deferred charges and accrued income -€627
down €627 (-68.4%), from €916 to €290
- Profit (loss) carried forward -€15,634
down €15,634 (-107.1%), from -€14,604 to -€30,238
- Debts after one year +€11,206
up €11,206 (+54.6%), from €20,525 to €31,731
- Current portion of long-term debt -€4,644
down €4,644 (-58.7%), from €7,913 to €3,269
- Tax, wage and social debts +€3,361
up €3,361 (+98.3%), from €3,421 to €6,783
- Trade debts -€1,834
down €1,834 (-42.1%), from €4,355 to €2,521
- Gross operating margin -€15,161
down €15,161, from €8,799 to -€6,362
- Depreciation -€6,344
down €6,344 (-50.7%), from €12,523 to €6,179
- Staff costs +€744
new in 2025: €744
- Other operating charges -€262
down €262 (-18.3%), from €1,430 to €1,169
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 | €56,677 | €48,754 | -€7,923 | -14.0% |
| Fixed assets | 21/28 | €25,646 | €20,143 | -€5,503 | -21.5% |
| Tangible fixed assets | 22/27 | €25,646 | €20,143 | -€5,503 | -21.5% |
| Land and buildings | 22 | €16,474 | €15,206 | -€1,267 | -7.7% |
| Plant, machinery and equipment | 23 | €1,485 | €779 | -€706 | -47.5% |
| Furniture and vehicles | 24 | €3,141 | €2,510 | -€631 | -20.1% |
| Other tangible fixed assets | 26 | €4,546 | €1,648 | -€2,898 | -63.8% |
| Current assets | 29/58 | €31,032 | €28,611 | -€2,420 | -7.8% |
| Amounts receivable within one year | 40/41 | €2,775 | €12,181 | +€9,407 | +339.0% |
| Trade receivables | 40 | €0 | €9,646 | +€9,646 | |
| Other amounts receivable | 41 | €2,775 | €2,535 | -€240 | -8.6% |
| Cash at bank and in hand | 54/58 | €27,341 | €16,140 | -€11,200 | -41.0% |
| Deferred charges and accrued income | 490/1 | €916 | €290 | -€627 | -68.4% |
| Total equity and liabilities | 10/49 | €56,677 | €48,754 | -€7,923 | -14.0% |
| Equity | 10/15 | €16,186 | €552 | -€15,634 | -96.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,590 | €24,590 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24,590 | €24,590 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,604 | -€30,238 | -€15,634 | -107.1% |
| Amounts payable | 17/49 | €40,491 | €48,202 | +€7,711 | +19.0% |
| Amounts payable after more than one year | 17 | €20,525 | €31,731 | +€11,206 | +54.6% |
| Financial debts | 170/4 | €20,525 | €31,731 | +€11,206 | +54.6% |
| Amounts payable within one year | 42/48 | €18,971 | €14,615 | -€4,356 | -23.0% |
| Current portion of amounts payable after more than one year | 42 | €7,913 | €3,269 | -€4,644 | -58.7% |
| Financial debts | 43 | €238 | €395 | +€157 | +66.2% |
| Credit institutions | 430/8 | €238 | €395 | +€157 | +66.2% |
| Trade debts | 44 | €4,355 | €2,521 | -€1,834 | -42.1% |
| Suppliers | 440/4 | €4,355 | €2,521 | -€1,834 | -42.1% |
| Advances received on contracts in progress | 46 | €1,646 | €0 | -€1,646 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,421 | €6,783 | +€3,361 | +98.3% |
| Taxes | 450/3 | €3,421 | €6,783 | +€3,361 | +98.3% |
| Other amounts payable | 47/48 | €1,399 | €1,649 | +€250 | +17.9% |
| Accrued charges and deferred income | 492/3 | €995 | €1,855 | +€860 | +86.5% |
| Remuneration, social security and pensions | 62 | - | €744 | +€744 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,523 | €6,179 | -€6,344 | -50.7% |
| Other operating charges | 640/8 | €1,430 | €1,169 | -€262 | -18.3% |
| Gross operating margin | 9900 | €8,799 | -€6,362 | -€15,161 | |
| Operating profit (loss) | 9901 | -€5,154 | -€14,453 | -€9,299 | -180.4% |
| Financial income | 75/76B | €36 | €10 | -€26 | -71.0% |
| Recurring financial income | 75 | €36 | €10 | -€26 | -71.0% |
| Financial charges | 65/66B | €891 | €973 | +€83 | +9.3% |
| Recurring financial charges | 65 | €891 | €973 | +€83 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,009 | -€15,416 | -€9,407 | -156.6% |
| Income taxes | 67/77 | €225 | €218 | -€7 | -3.3% |
| Profit (loss) for the period | 9904 | -€6,234 | -€15,634 | -€9,400 | -150.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,234 | -€15,634 | -€9,400 | -150.8% |
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.