POINTER: 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.
POINTER
Largest movements
- Cash +€20,797
up €20,797 (+19.8%), from €105,056 to €125,853
mainly Net result for the year (+€54,509) and Receivables after one year (+€14,354)
- Receivables after one year -€14,354
down €14,354 (-9.1%), from €158,096 to €143,742
- Receivables within one year +€13,496
up €13,496 (+60.0%), from €22,510 to €36,006
of which Trade receivables: +€11,389
- Current investments -€10,271
down €10,271 (-12.5%), from €82,426 to €72,155
- Tangible fixed assets -€7,750
down €7,750 (-40.1%), from €19,331 to €11,582
of which Furniture and vehicles: -€6,642
- Reserves +€14,242
up €14,242 (+5.0%), from €286,735 to €300,977
of which Distributable reserves: +€14,242
- Other debts -€7,021
down €7,021 (-8.9%), from €78,825 to €71,805
- Gross operating margin -€41,061
down €41,061 (-35.5%), from €115,802 to €74,742
- Taxes -€6,600
down €6,600 (-23.6%), from €27,958 to €21,358
- Financial income +€1,865
up €1,865 (+20.5%), from €9,082 to €10,947
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 | €387,930 | €390,252 | +€2,322 | +0.6% |
| Fixed assets | 21/28 | €19,331 | €11,582 | -€7,750 | -40.1% |
| Tangible fixed assets | 22/27 | €19,331 | €11,582 | -€7,750 | -40.1% |
| Land and buildings | 22 | €2,004 | €764 | -€1,240 | -61.9% |
| Plant, machinery and equipment | 23 | €1,383 | €1,515 | +€132 | +9.6% |
| Furniture and vehicles | 24 | €15,944 | €9,302 | -€6,642 | -41.7% |
| Current assets | 29/58 | €368,599 | €378,671 | +€10,072 | +2.7% |
| Amounts receivable after more than one year | 29 | €158,096 | €143,742 | -€14,354 | -9.1% |
| Trade receivables | 290 | €158,096 | €143,742 | -€14,354 | -9.1% |
| Amounts receivable within one year | 40/41 | €22,510 | €36,006 | +€13,496 | +60.0% |
| Trade receivables | 40 | €20,074 | €31,462 | +€11,389 | +56.7% |
| Other amounts receivable | 41 | €2,436 | €4,543 | +€2,107 | +86.5% |
| Current investments | 50/53 | €82,426 | €72,155 | -€10,271 | -12.5% |
| Cash at bank and in hand | 54/58 | €105,056 | €125,853 | +€20,797 | +19.8% |
| Deferred charges and accrued income | 490/1 | €511 | €916 | +€405 | +79.1% |
| Total equity and liabilities | 10/49 | €387,930 | €390,252 | +€2,322 | +0.6% |
| Equity | 10/15 | €299,135 | €313,377 | +€14,242 | +4.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €286,735 | €300,977 | +€14,242 | +5.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,292 | €28,292 | = | 0.0% |
| Distributable reserves | 133 | €256,584 | €270,826 | +€14,242 | +5.6% |
| Amounts payable | 17/49 | €88,795 | €76,876 | -€11,919 | -13.4% |
| Amounts payable within one year | 42/48 | €88,795 | €76,876 | -€11,919 | -13.4% |
| Trade debts | 44 | €4,351 | €1,054 | -€3,297 | -75.8% |
| Suppliers | 440/4 | €4,351 | €1,054 | -€3,297 | -75.8% |
| Taxes, remuneration and social security | 45 | €5,619 | €4,017 | -€1,602 | -28.5% |
| Taxes | 450/3 | €5,619 | €4,017 | -€1,602 | -28.5% |
| Other amounts payable | 47/48 | €78,825 | €71,805 | -€7,021 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,744 | €8,849 | +€105 | +1.2% |
| Other operating charges | 640/8 | €1,483 | €746 | -€738 | -49.7% |
| Gross operating margin | 9900 | €115,802 | €74,742 | -€41,061 | -35.5% |
| Operating profit (loss) | 9901 | €105,575 | €65,147 | -€40,428 | -38.3% |
| Financial income | 75/76B | €9,082 | €10,947 | +€1,865 | +20.5% |
| Recurring financial income | 75 | €9,082 | €10,947 | +€1,865 | +20.5% |
| Financial charges | 65/66B | €633 | €227 | -€405 | -64.1% |
| Recurring financial charges | 65 | €633 | €227 | -€405 | -64.1% |
| Profit (loss) for the period before taxes | 9903 | €114,025 | €75,867 | -€38,157 | -33.5% |
| Income taxes | 67/77 | €27,958 | €21,358 | -€6,600 | -23.6% |
| Profit (loss) for the period | 9904 | €86,067 | €54,509 | -€31,558 | -36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €86,067 | €54,509 | -€31,558 | -36.7% |
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 12 October 2026 via checked.be.