Outer Join: what changed
Outer Join
Largest movements
- Receivables after one year -€60,000
no longer reported in 2025 (was €60,000)
- Cash +€57,805
up €57,805 (+522%), from €11,078 to €68,883
mainly Other debts (+€95,860) and Net result for the year (+€67,700)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year +€8,912
up €8,912 (+30.8%), from €28,938 to €37,850
- Tangible fixed assets +€6,043
up €6,043 (+135%), from €4,477 to €10,520
- Reserves -€132,077
no longer reported in 2025 (was €132,077)
- Other debts +€95,860
up €95,860 (+7,434%), from €1,289 to €97,149
- Tax, wage and social debts -€9,429
down €9,429 (-63.7%), from €14,795 to €5,367
- Trade debts +€6,560
up €6,560 (+97.5%), from €6,727 to €13,287
- Gross operating margin +€18,172
up €18,172 (+25.4%), from €71,498 to €89,670
- Taxes +€4,046
up €4,046 (+29.4%), from €13,768 to €17,813
- Financial income +€1,260
up €1,260 (+210%), from €600 to €1,860
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,889 | €118,803 | -€39,086 | -24.8% |
| Fixed assets | 21/28 | €4,477 | €10,520 | +€6,043 | +135% |
| Tangible fixed assets | 22/27 | €4,477 | €10,520 | +€6,043 | +135% |
| Furniture and vehicles | 24 | €4,477 | €10,520 | +€6,043 | +135% |
| Current assets | 29/58 | €153,411 | €108,283 | -€45,129 | -29.4% |
| Amounts receivable after more than one year | 29 | €60,000 | - | -€60,000 | |
| Other amounts receivable | 291 | €60,000 | - | -€60,000 | |
| Amounts receivable within one year | 40/41 | €28,938 | €37,850 | +€8,912 | +30.8% |
| Trade receivables | 40 | €28,938 | €37,850 | +€8,912 | +30.8% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €11,078 | €68,883 | +€57,805 | +522% |
| Deferred charges and accrued income | 490/1 | €3,396 | €1,550 | -€1,846 | -54.4% |
| Total equity and liabilities | 10/49 | €157,889 | €118,803 | -€39,086 | -24.8% |
| Equity | 10/15 | €135,077 | €3,000 | -€132,077 | -97.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €132,077 | - | -€132,077 | |
| Distributable reserves | 133 | €132,077 | - | -€132,077 | |
| Amounts payable | 17/49 | €22,811 | €115,803 | +€92,992 | +408% |
| Amounts payable within one year | 42/48 | €22,811 | €115,803 | +€92,992 | +408% |
| Trade debts | 44 | €6,727 | €13,287 | +€6,560 | +97.5% |
| Suppliers | 440/4 | €6,727 | €13,287 | +€6,560 | +97.5% |
| Taxes, remuneration and social security | 45 | €14,795 | €5,367 | -€9,429 | -63.7% |
| Taxes | 450/3 | €14,795 | €5,367 | -€9,429 | -63.7% |
| Other amounts payable | 47/48 | €1,289 | €97,149 | +€95,860 | +7,434% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,694 | €4,036 | -€658 | -14.0% |
| Other operating charges | 640/8 | €693 | €579 | -€114 | -16.5% |
| Gross operating margin | 9900 | €71,498 | €89,670 | +€18,172 | +25.4% |
| Operating profit (loss) | 9901 | €66,111 | €85,055 | +€18,945 | +28.7% |
| Financial income | 75/76B | €600 | €1,860 | +€1,260 | +210% |
| Recurring financial income | 75 | €600 | €1,860 | +€1,260 | +210% |
| Financial charges | 65/66B | €746 | €1,402 | +€655 | +87.8% |
| Recurring financial charges | 65 | €746 | €1,402 | +€655 | +87.8% |
| Profit (loss) for the period before taxes | 9903 | €65,964 | €85,514 | +€19,549 | +29.6% |
| Income taxes | 67/77 | €13,768 | €17,813 | +€4,046 | +29.4% |
| Profit (loss) for the period | 9904 | €52,197 | €67,700 | +€15,504 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,197 | €67,700 | +€15,504 | +29.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.