PNL MANAGEMENT: 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.
PNL MANAGEMENT
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Profit (loss) carried forward +€481,385
up €481,385 (+21.2%), from €2.3m to €2.7m
- Reserves -€275,530
down €275,530 (-87.7%), from €314,330 to €38,800
- Debts after one year -€200,000
down €200,000 (-100.0%), from €200,000 to €0
- Other debts -€45,213
down €45,213 (-94.4%), from €47,894 to €2,681
- Financial income +€70,000
up €70,000 (+25.0%), from €280,000 to €350,000
- Gross operating margin +€38,091
up €38,091 (+26.1%), from €145,693 to €183,784
- Taxes +€24,152
up €24,152 (+104.0%), from €23,230 to €47,382
- Financial charges -€7,765
down €7,765 (-66.4%), from €11,695 to €3,929
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.
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 | €3,238,764 | €3,218,597 | -€20,168 | -0.6% |
| Fixed assets | 21/28 | €3,075,000 | €3,075,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €75,000 | €75,000 | = | 0.0% |
| Leasing and similar rights | 25 | €75,000 | €75,000 | = | 0.0% |
| Financial fixed assets | 28 | €3,000,000 | €3,000,000 | = | 0.0% |
| Current assets | 29/58 | €163,764 | €143,597 | -€20,168 | -12.3% |
| Amounts receivable within one year | 40/41 | €108,284 | €83,185 | -€25,099 | -23.2% |
| Trade receivables | 40 | €44,112 | €83,185 | +€39,073 | +88.6% |
| Other amounts receivable | 41 | €64,173 | €0 | -€64,173 | -100.0% |
| Cash at bank and in hand | 54/58 | €55,430 | €60,337 | +€4,907 | +8.9% |
| Deferred charges and accrued income | 490/1 | €50 | €75 | +€25 | +50.0% |
| Total equity and liabilities | 10/49 | €3,238,764 | €3,218,597 | -€20,168 | -0.6% |
| Equity | 10/15 | €2,969,359 | €3,175,214 | +€205,854 | +6.9% |
| Contributions | 10/11 | €388,000 | €388,000 | = | 0.0% |
| Reserves | 13 | €314,330 | €38,800 | -€275,530 | -87.7% |
| Distributable reserves | 133 | €314,330 | €38,800 | -€275,530 | -87.7% |
| Profit (loss) carried forward | 14 | €2,267,029 | €2,748,414 | +€481,385 | +21.2% |
| Amounts payable | 17/49 | €269,405 | €43,383 | -€226,022 | -83.9% |
| Amounts payable after more than one year | 17 | €200,000 | €0 | -€200,000 | -100.0% |
| Financial debts | 170/4 | €200,000 | €0 | -€200,000 | -100.0% |
| Amounts payable within one year | 42/48 | €69,405 | €43,383 | -€26,022 | -37.5% |
| Trade debts | 44 | €0 | €1,947 | +€1,947 | |
| Suppliers | 440/4 | €0 | €1,947 | +€1,947 | |
| Taxes, remuneration and social security | 45 | €21,511 | €38,755 | +€17,244 | +80.2% |
| Taxes | 450/3 | €11,191 | €33,905 | +€22,714 | +203.0% |
| Remuneration and social security | 454/9 | €10,320 | €4,850 | -€5,470 | -53.0% |
| Other amounts payable | 47/48 | €47,894 | €2,681 | -€45,213 | -94.4% |
| Non-recurring operating income | 76A | €25 | €25 | = | 0.0% |
| Other operating charges | 640/8 | €1,078 | €1,088 | +€9 | +0.9% |
| Gross operating margin | 9900 | €145,693 | €183,784 | +€38,091 | +26.1% |
| Operating profit (loss) | 9901 | €144,615 | €182,696 | +€38,081 | +26.3% |
| Financial income | 75/76B | €280,000 | €350,000 | +€70,000 | +25.0% |
| Recurring financial income | 75 | €280,000 | €350,000 | +€70,000 | +25.0% |
| Financial charges | 65/66B | €11,695 | €3,929 | -€7,765 | -66.4% |
| Recurring financial charges | 65 | €11,695 | €3,929 | -€7,765 | -66.4% |
| Profit (loss) for the period before taxes | 9903 | €412,920 | €528,767 | +€115,846 | +28.1% |
| Income taxes | 67/77 | €23,230 | €47,382 | +€24,152 | +104.0% |
| Profit (loss) for the period | 9904 | €389,690 | €481,385 | +€91,695 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €389,690 | €481,385 | +€91,695 | +23.5% |
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.