One Step Before: 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.
One Step Before
Largest movements
- Receivables within one year -€84,752
down €84,752 (-66.4%), from €127,583 to €42,831
of which Trade receivables: -€92,620
- Cash +€20,494
up €20,494 (+13.9%), from €147,715 to €168,209
mainly Receivables within one year (+€84,752) and Net result for the year (+€13,730)
- Trade debts -€83,232
down €83,232 (-62.1%), from €134,034 to €50,802
- Advances received +€10,630
new in 2025: €10,630
- Other debts +€4,205
up €4,205 (+140.4%), from €2,995 to €7,200
- Profit (loss) carried forward +€3,444
up €3,444 (+3.7%), from €92,222 to €95,667
- Tax, wage and social debts +€2,999
up €2,999 (+10.0%), from €30,092 to €33,091
- Gross operating margin -€59,713
down €59,713 (-69.7%), from €85,680 to €25,968
- Taxes -€15,011
down €15,011 (-66.6%), from €22,554 to €7,543
- Financial charges -€3,188
down €3,188 (-45.1%), from €7,070 to €3,882
- Financial income -€2,488
down €2,488 (-89.7%), from €2,775 to €287
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 | €277,943 | €215,989 | -€61,953 | -22.3% |
| Fixed assets | 21/28 | €2,348 | €2,189 | -€159 | -6.8% |
| Tangible fixed assets | 22/27 | €319 | €80 | -€239 | -74.9% |
| Furniture and vehicles | 24 | €319 | €80 | -€239 | -74.9% |
| Financial fixed assets | 28 | €2,029 | €2,109 | +€80 | +3.9% |
| Current assets | 29/58 | €275,595 | €213,801 | -€61,794 | -22.4% |
| Amounts receivable within one year | 40/41 | €127,583 | €42,831 | -€84,752 | -66.4% |
| Trade receivables | 40 | €126,821 | €34,201 | -€92,620 | -73.0% |
| Other amounts receivable | 41 | €763 | €8,631 | +€7,868 | +1031.9% |
| Cash at bank and in hand | 54/58 | €147,715 | €168,209 | +€20,494 | +13.9% |
| Deferred charges and accrued income | 490/1 | €296 | €2,761 | +€2,464 | +831.7% |
| Total equity and liabilities | 10/49 | €277,943 | €215,989 | -€61,953 | -22.3% |
| Equity | 10/15 | €110,822 | €114,267 | +€3,444 | +3.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,222 | €95,667 | +€3,444 | +3.7% |
| Amounts payable | 17/49 | €167,120 | €101,722 | -€65,398 | -39.1% |
| Amounts payable within one year | 42/48 | €167,120 | €101,722 | -€65,398 | -39.1% |
| Trade debts | 44 | €134,034 | €50,802 | -€83,232 | -62.1% |
| Suppliers | 440/4 | €134,034 | €50,802 | -€83,232 | -62.1% |
| Advances received on contracts in progress | 46 | - | €10,630 | +€10,630 | |
| Taxes, remuneration and social security | 45 | €30,092 | €33,091 | +€2,999 | +10.0% |
| Taxes | 450/3 | €30,092 | €33,091 | +€2,999 | +10.0% |
| Other amounts payable | 47/48 | €2,995 | €7,200 | +€4,205 | +140.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €239 | €239 | = | 0.0% |
| Other operating charges | 640/8 | €1,103 | €860 | -€244 | -22.1% |
| Gross operating margin | 9900 | €85,680 | €25,968 | -€59,713 | -69.7% |
| Operating profit (loss) | 9901 | €84,338 | €24,869 | -€59,469 | -70.5% |
| Financial income | 75/76B | €2,775 | €287 | -€2,488 | -89.7% |
| Recurring financial income | 75 | €2,775 | €287 | -€2,488 | -89.7% |
| Financial charges | 65/66B | €7,070 | €3,882 | -€3,188 | -45.1% |
| Recurring financial charges | 65 | €7,070 | €3,882 | -€3,188 | -45.1% |
| Profit (loss) for the period before taxes | 9903 | €80,043 | €21,273 | -€58,770 | -73.4% |
| Income taxes | 67/77 | €22,554 | €7,543 | -€15,011 | -66.6% |
| Profit (loss) for the period | 9904 | €57,489 | €13,730 | -€43,759 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €57,489 | €13,730 | -€43,759 | -76.1% |
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 10 October 2026 via checked.be.