PLAN B: 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.
PLAN B
Largest movements
- Cash +€34,868
up €34,868 (+7.3%), from €474,822 to €509,691
mainly Other debts (+€34,095) and Depreciation (+€19,929)
- Receivables within one year +€27,585
up €27,585 (+138%), from €20,046 to €47,631
of which Trade receivables: +€36,703
- Tangible fixed assets -€17,645
down €17,645 (-20.5%), from €86,086 to €68,441
of which Furniture and vehicles: -€9,669
- Other debts +€34,095
up €34,095 (+17.8%), from €191,540 to €225,636
- Trade debts +€16,768
up €16,768 (+852%), from €1,968 to €18,736
- Debts after one year -€9,340
down €9,340 (-5.4%), from €172,984 to €163,644
of which Financial debts: -€9,340
- Gross operating margin +€9,766
up €9,766 (+22.5%), from €43,347 to €53,113
- Other operating charges +€7,102
up €7,102 (+54.3%), from €13,088 to €20,190
- Depreciation +€1,582
up €1,582 (+8.6%), from €18,348 to €19,929
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 | €580,955 | €627,081 | +€46,126 | +7.9% |
| Fixed assets | 21/28 | €86,086 | €68,441 | -€17,645 | -20.5% |
| Tangible fixed assets | 22/27 | €86,086 | €68,441 | -€17,645 | -20.5% |
| Land and buildings | 22 | €65,812 | €59,672 | -€6,140 | -9.3% |
| Plant, machinery and equipment | 23 | €6,304 | €4,468 | -€1,836 | -29.1% |
| Furniture and vehicles | 24 | €13,971 | €4,302 | -€9,669 | -69.2% |
| Current assets | 29/58 | €494,869 | €558,640 | +€63,771 | +12.9% |
| Amounts receivable within one year | 40/41 | €20,046 | €47,631 | +€27,585 | +138% |
| Trade receivables | 40 | €10,737 | €47,440 | +€36,703 | +342% |
| Other amounts receivable | 41 | €9,309 | €191 | -€9,118 | -97.9% |
| Current investments | 50/53 | - | €1,318 | +€1,318 | |
| Cash at bank and in hand | 54/58 | €474,822 | €509,691 | +€34,868 | +7.3% |
| Total equity and liabilities | 10/49 | €580,955 | €627,081 | +€46,126 | +7.9% |
| Equity | 10/15 | €196,539 | €198,512 | +€1,974 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €190,339 | €192,312 | +€1,974 | +1.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €190,339 | €192,312 | +€1,974 | +1.0% |
| Amounts payable | 17/49 | €384,416 | €428,569 | +€44,153 | +11.5% |
| Amounts payable after more than one year | 17 | €172,984 | €163,644 | -€9,340 | -5.4% |
| Financial debts | 170/4 | €12,984 | €3,644 | -€9,340 | -71.9% |
| Other amounts payable | 178/9 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €211,432 | €263,075 | +€51,643 | +24.4% |
| Current portion of amounts payable after more than one year | 42 | €8,454 | €9,340 | +€886 | +10.5% |
| Financial debts | 43 | €2,044 | €0 | -€2,044 | -100% |
| Other loans | 439 | €2,044 | €0 | -€2,044 | -100% |
| Trade debts | 44 | €1,968 | €18,736 | +€16,768 | +852% |
| Suppliers | 440/4 | €1,968 | €18,736 | +€16,768 | +852% |
| Taxes, remuneration and social security | 45 | €7,426 | €9,363 | +€1,937 | +26.1% |
| Taxes | 450/3 | €7,426 | €9,363 | +€1,937 | +26.1% |
| Other amounts payable | 47/48 | €191,540 | €225,636 | +€34,095 | +17.8% |
| Accrued charges and deferred income | 492/3 | - | €1,850 | +€1,850 | |
| Non-recurring operating income | 76A | €4,256 | €0 | -€4,256 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,348 | €19,929 | +€1,582 | +8.6% |
| Other operating charges | 640/8 | €13,088 | €20,190 | +€7,102 | +54.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,347 | €53,113 | +€9,766 | +22.5% |
| Operating profit (loss) | 9901 | €11,912 | €12,994 | +€1,082 | +9.1% |
| Financial income | 75/76B | €22 | €18 | -€4 | -18.6% |
| Recurring financial income | 75 | €22 | €18 | -€4 | -18.6% |
| Financial charges | 65/66B | €7,521 | €7,932 | +€412 | +5.5% |
| Recurring financial charges | 65 | €7,521 | €7,932 | +€412 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €4,413 | €5,080 | +€667 | +15.1% |
| Income taxes | 67/77 | €2,693 | €3,106 | +€413 | +15.3% |
| Profit (loss) for the period | 9904 | €1,719 | €1,974 | +€254 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,719 | €1,974 | +€254 | +14.8% |
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 14 October 2026 via checked.be.