PLACE AND TIME: 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.
PLACE AND TIME
Largest movements
- Cash -€33,836
down €33,836 (-69.5%), from €48,710 to €14,874
mainly Tax, wage and social debts (-€22,208) and Other debts (-€16,480)
- Tangible fixed assets -€10,935
down €10,935 (-11.0%), from €99,779 to €88,844
- Receivables within one year -€8,770
down €8,770 (-59.2%), from €14,823 to €6,053
of which Trade receivables: -€14,823
- Tax, wage and social debts -€22,208
down €22,208 (-94.3%), from €23,547 to €1,338
- Other debts -€16,480
no longer reported in 2025 (was €16,480)
- Profit (loss) carried forward -€10,249
new in 2025: -€10,249
- Debts after one year -€3,843
down €3,843 (-48.7%), from €7,893 to €4,050
- Gross operating margin -€74,652
down €74,652 (-97.0%), from €76,956 to €2,304
- Taxes -€16,934
down €16,934 (-98.1%), from €17,269 to €335
- Depreciation -€6,433
down €6,433 (-35.9%), from €17,905 to €11,472
- Other operating charges -€1,228
down €1,228 (-83.7%), from €1,466 to €239
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 | €163,794 | €110,591 | -€53,203 | -32.5% |
| Fixed assets | 21/28 | €99,779 | €88,844 | -€10,935 | -11.0% |
| Tangible fixed assets | 22/27 | €99,779 | €88,844 | -€10,935 | -11.0% |
| Land and buildings | 22 | €73,979 | €71,541 | -€2,438 | -3.3% |
| Plant, machinery and equipment | 23 | €7,461 | €3,820 | -€3,641 | -48.8% |
| Furniture and vehicles | 24 | €18,339 | €13,483 | -€4,856 | -26.5% |
| Current assets | 29/58 | €64,015 | €21,747 | -€42,269 | -66.0% |
| Amounts receivable within one year | 40/41 | €14,823 | €6,053 | -€8,770 | -59.2% |
| Trade receivables | 40 | €14,823 | - | -€14,823 | |
| Other amounts receivable | 41 | - | €6,053 | +€6,053 | |
| Cash at bank and in hand | 54/58 | €48,710 | €14,874 | -€33,836 | -69.5% |
| Deferred charges and accrued income | 490/1 | €482 | €819 | +€337 | +69.9% |
| Total equity and liabilities | 10/49 | €163,794 | €110,591 | -€53,203 | -32.5% |
| Equity | 10/15 | €110,126 | €99,877 | -€10,249 | -9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €105,126 | €105,126 | = | 0.0% |
| Distributable reserves | 133 | €105,126 | €105,126 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,249 | -€10,249 | |
| Amounts payable | 17/49 | €53,668 | €10,714 | -€42,955 | -80.0% |
| Amounts payable after more than one year | 17 | €7,893 | €4,050 | -€3,843 | -48.7% |
| Financial debts | 170/4 | €7,893 | €4,050 | -€3,843 | -48.7% |
| Amounts payable within one year | 42/48 | €45,775 | €6,663 | -€39,111 | -85.4% |
| Current portion of amounts payable after more than one year | 42 | €3,647 | €3,843 | +€197 | +5.4% |
| Trade debts | 44 | €2,102 | €1,482 | -€620 | -29.5% |
| Suppliers | 440/4 | €2,102 | €1,482 | -€620 | -29.5% |
| Taxes, remuneration and social security | 45 | €23,547 | €1,338 | -€22,208 | -94.3% |
| Taxes | 450/3 | €23,547 | €1,338 | -€22,208 | -94.3% |
| Other amounts payable | 47/48 | €16,480 | - | -€16,480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,905 | €11,472 | -€6,433 | -35.9% |
| Other operating charges | 640/8 | €1,466 | €239 | -€1,228 | -83.7% |
| Gross operating margin | 9900 | €76,956 | €2,304 | -€74,652 | -97.0% |
| Operating profit (loss) | 9901 | €57,584 | -€9,407 | -€66,991 | |
| Financial income | 75/76B | €53 | €164 | +€111 | +208% |
| Recurring financial income | 75 | €53 | €164 | +€111 | +208% |
| Financial charges | 65/66B | €772 | €671 | -€101 | -13.1% |
| Recurring financial charges | 65 | €772 | €671 | -€101 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €56,865 | -€9,914 | -€66,779 | |
| Income taxes | 67/77 | €17,269 | €335 | -€16,934 | -98.1% |
| Profit (loss) for the period | 9904 | €39,597 | -€10,249 | -€49,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,597 | -€10,249 | -€49,846 |
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 27 October 2026 via checked.be.