ORIGINAL FLAVOUR: 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.
ORIGINAL FLAVOUR
Largest movements
- Cash -€47,181
down €47,181 (-66.2%), from €71,225 to €24,044
mainly Net result for the year (-€48,686) and Investment in fixed assets (net) (-€34,558)
- Tangible fixed assets +€30,461
up €30,461 (+346%), from €8,799 to €39,261
of which Other tangible fixed assets: +€29,704
- Deferred charges and accrued income -€1,736
down €1,736 (-90.3%), from €1,922 to €186
- Profit (loss) carried forward -€48,686
down €48,686 (-60.6%), from -€80,275 to -€128,961
- Other debts +€26,343
up €26,343 (+15.1%), from €174,621 to €200,963
- Trade debts +€4,802
up €4,802 (+890%), from €540 to €5,342
- Gross operating margin -€65,996
down €65,996, from €22,451 to -€43,545
- Depreciation +€1,158
up €1,158 (+39.4%), from €2,939 to €4,097
- Other operating charges +€500
up €500 (+89.5%), from €559 to €1,059
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 | €101,215 | €83,672 | -€17,543 | -17.3% |
| Fixed assets | 21/28 | €8,799 | €39,261 | +€30,461 | +346% |
| Tangible fixed assets | 22/27 | €8,799 | €39,261 | +€30,461 | +346% |
| Plant, machinery and equipment | 23 | €6,889 | €4,323 | -€2,566 | -37.2% |
| Furniture and vehicles | 24 | €718 | €4,041 | +€3,323 | +463% |
| Other tangible fixed assets | 26 | €1,193 | €30,897 | +€29,704 | +2,489% |
| Current assets | 29/58 | €92,416 | €44,411 | -€48,005 | -51.9% |
| Amounts receivable within one year | 40/41 | €19,270 | €20,182 | +€912 | +4.7% |
| Trade receivables | 40 | €18,232 | €13,490 | -€4,743 | -26.0% |
| Other amounts receivable | 41 | €1,037 | €6,692 | +€5,655 | +545% |
| Cash at bank and in hand | 54/58 | €71,225 | €24,044 | -€47,181 | -66.2% |
| Deferred charges and accrued income | 490/1 | €1,922 | €186 | -€1,736 | -90.3% |
| Total equity and liabilities | 10/49 | €101,215 | €83,672 | -€17,543 | -17.3% |
| Equity | 10/15 | -€73,947 | -€122,633 | -€48,686 | -65.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €127 | €127 | = | 0.0% |
| Non-distributable reserves | 130/1 | €127 | €127 | = | 0.0% |
| Reserves not available under the articles | 1311 | €127 | €127 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,275 | -€128,961 | -€48,686 | -60.6% |
| Amounts payable | 17/49 | €175,163 | €206,305 | +€31,143 | +17.8% |
| Amounts payable within one year | 42/48 | €175,163 | €206,305 | +€31,143 | +17.8% |
| Trade debts | 44 | €540 | €5,342 | +€4,802 | +890% |
| Suppliers | 440/4 | €540 | €5,342 | +€4,802 | +890% |
| Advances received on contracts in progress | 46 | €2 | - | -€2 | |
| Other amounts payable | 47/48 | €174,621 | €200,963 | +€26,343 | +15.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,939 | €4,097 | +€1,158 | +39.4% |
| Other operating charges | 640/8 | €559 | €1,059 | +€500 | +89.5% |
| Gross operating margin | 9900 | €22,451 | -€43,545 | -€65,996 | |
| Operating profit (loss) | 9901 | €18,953 | -€48,701 | -€67,654 | |
| Financial income | 75/76B | €0 | €206 | +€206 | +228,533% |
| Recurring financial income | 75 | €0 | €206 | +€206 | +228,533% |
| Financial charges | 65/66B | €207 | €191 | -€16 | -7.5% |
| Recurring financial charges | 65 | €207 | €191 | -€16 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €18,747 | -€48,686 | -€67,433 | |
| Profit (loss) for the period | 9904 | €18,747 | -€48,686 | -€67,433 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,747 | -€48,686 | -€67,433 |
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 25 October 2026 via checked.be.