PERSONAL COPY: 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.
PERSONAL COPY
Largest movements
- Cash -€57,986
down €57,986 (-23.7%), from €245,061 to €187,075
mainly Trade debts (-€27,164) and Investment in fixed assets (net) (-€26,347)
- Tangible fixed assets -€5,059
down €5,059 (-4.0%), from €127,048 to €121,989
of which Land and buildings: -€15,839
- Trade debts -€27,164
down €27,164 (-67.8%), from €40,060 to €12,896
- Profit (loss) carried forward -€23,350
down €23,350 (-24.8%), from -€94,112 to -€117,462
- Debts after one year -€10,251
down €10,251 (-100.0%), from €10,251 to €0
- Gross operating margin +€51,583
up €51,583, from -€25,028 to €26,555
- Other operating charges +€6,886
up €6,886 (+142.0%), from €4,849 to €11,735
- Depreciation -€2,356
down €2,356 (-7.0%), from €33,761 to €31,405
- Taxes +€1,798
up €1,798 (+655.8%), from €274 to €2,073
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 | €456,613 | €395,362 | -€61,252 | -13.4% |
| Fixed assets | 21/28 | €127,194 | €122,135 | -€5,059 | -4.0% |
| Tangible fixed assets | 22/27 | €127,048 | €121,989 | -€5,059 | -4.0% |
| Land and buildings | 22 | €92,280 | €76,441 | -€15,839 | -17.2% |
| Plant, machinery and equipment | 23 | €6,517 | €4,633 | -€1,885 | -28.9% |
| Furniture and vehicles | 24 | €28,250 | €40,915 | +€12,665 | +44.8% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €329,420 | €273,227 | -€56,193 | -17.1% |
| Amounts receivable within one year | 40/41 | €78,448 | €81,810 | +€3,362 | +4.3% |
| Trade receivables | 40 | €35,109 | €46,608 | +€11,499 | +32.8% |
| Other amounts receivable | 41 | €43,340 | €35,202 | -€8,138 | -18.8% |
| Cash at bank and in hand | 54/58 | €245,061 | €187,075 | -€57,986 | -23.7% |
| Deferred charges and accrued income | 490/1 | €5,910 | €4,341 | -€1,569 | -26.5% |
| Total equity and liabilities | 10/49 | €456,613 | €395,362 | -€61,252 | -13.4% |
| Equity | 10/15 | €349,763 | €326,413 | -€23,350 | -6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €431,475 | €431,475 | = | 0.0% |
| Distributable reserves | 133 | €431,475 | €431,475 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,112 | -€117,462 | -€23,350 | -24.8% |
| Provisions and deferred taxes | 16 | €29,456 | €29,456 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,456 | €29,456 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,456 | €29,456 | = | 0.0% |
| Amounts payable | 17/49 | €77,394 | €39,493 | -€37,902 | -49.0% |
| Amounts payable after more than one year | 17 | €10,251 | €0 | -€10,251 | -100.0% |
| Financial debts | 170/4 | €10,251 | €0 | -€10,251 | -100.0% |
| Amounts payable within one year | 42/48 | €67,010 | €39,484 | -€27,526 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €10,124 | €10,251 | +€127 | +1.3% |
| Financial debts | 43 | €3,808 | €2,183 | -€1,625 | -42.7% |
| Credit institutions | 430/8 | €3,808 | €2,183 | -€1,625 | -42.7% |
| Trade debts | 44 | €40,060 | €12,896 | -€27,164 | -67.8% |
| Suppliers | 440/4 | €40,060 | €12,896 | -€27,164 | -67.8% |
| Taxes, remuneration and social security | 45 | €4,294 | €4,640 | +€345 | +8.0% |
| Taxes | 450/3 | €118 | €175 | +€57 | +48.0% |
| Remuneration and social security | 454/9 | €4,176 | €4,465 | +€289 | +6.9% |
| Other amounts payable | 47/48 | €8,724 | €9,514 | +€790 | +9.1% |
| Accrued charges and deferred income | 492/3 | €132 | €8 | -€124 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,761 | €31,405 | -€2,356 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,849 | €11,735 | +€6,886 | +142.0% |
| Non-recurring operating charges | 66A | - | €3,543 | +€3,543 | |
| Gross operating margin | 9900 | -€25,028 | €26,555 | +€51,583 | |
| Operating profit (loss) | 9901 | -€63,638 | -€20,128 | +€43,509 | +68.4% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €1,252 | €1,149 | -€103 | -8.2% |
| Recurring financial charges | 65 | €1,252 | €1,149 | -€103 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€64,881 | -€21,278 | +€43,603 | +67.2% |
| Income taxes | 67/77 | €274 | €2,073 | +€1,798 | +655.8% |
| Profit (loss) for the period | 9904 | -€65,155 | -€23,350 | +€41,805 | +64.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,155 | -€23,350 | +€41,805 | +64.2% |
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.