POTENTIAL 4 GROWTH: 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.
POTENTIAL 4 GROWTH
Largest movements
- Receivables within one year +€26,615
up €26,615 (+125%), from €21,292 to €47,907
of which Other amounts receivable: +€13,768
- Deferred charges and accrued income -€16,245
down €16,245 (-99.8%), from €16,283 to €38
- Cash -€11,785
down €11,785 (-14.8%), from €79,815 to €68,030
mainly Contributions, distributions and other (-€65,443) and Receivables within one year (-€26,615)
- Tangible fixed assets -€9,114
down €9,114 (-75.7%), from €12,042 to €2,928
- Receivables after one year -€5,613
no longer reported in 2025 (was €5,613)
- Current portion of long-term debt -€5,918
down €5,918 (-66.4%), from €8,915 to €2,997
- Tax, wage and social debts -€5,624
down €5,624 (-52.4%), from €10,735 to €5,111
- Debts after one year -€2,997
no longer reported in 2025 (was €2,997)
- Gross operating margin +€9,726
up €9,726 (+11.6%), from €84,122 to €93,848
- Taxes +€1,594
up €1,594 (+9.4%), from €16,962 to €18,556
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 | €137,045 | €120,903 | -€16,142 | -11.8% |
| Fixed assets | 21/28 | €14,042 | €4,928 | -€9,114 | -64.9% |
| Tangible fixed assets | 22/27 | €12,042 | €2,928 | -€9,114 | -75.7% |
| Furniture and vehicles | 24 | €12,042 | €2,928 | -€9,114 | -75.7% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €123,003 | €115,975 | -€7,027 | -5.7% |
| Amounts receivable after more than one year | 29 | €5,613 | - | -€5,613 | |
| Trade receivables | 290 | €5,613 | - | -€5,613 | |
| Amounts receivable within one year | 40/41 | €21,292 | €47,907 | +€26,615 | +125% |
| Trade receivables | 40 | €21,292 | €34,139 | +€12,847 | +60.3% |
| Other amounts receivable | 41 | - | €13,768 | +€13,768 | |
| Cash at bank and in hand | 54/58 | €79,815 | €68,030 | -€11,785 | -14.8% |
| Deferred charges and accrued income | 490/1 | €16,283 | €38 | -€16,245 | -99.8% |
| Total equity and liabilities | 10/49 | €137,045 | €120,903 | -€16,142 | -11.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Amounts payable | 17/49 | €116,585 | €100,443 | -€16,142 | -13.8% |
| Amounts payable after more than one year | 17 | €2,997 | - | -€2,997 | |
| Financial debts | 170/4 | €2,997 | - | -€2,997 | |
| Amounts payable within one year | 42/48 | €109,177 | €96,253 | -€12,923 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €8,915 | €2,997 | -€5,918 | -66.4% |
| Trade debts | 44 | €1,127 | €565 | -€562 | -49.8% |
| Suppliers | 440/4 | €1,127 | €565 | -€562 | -49.8% |
| Taxes, remuneration and social security | 45 | €10,735 | €5,111 | -€5,624 | -52.4% |
| Taxes | 450/3 | €10,735 | €5,111 | -€5,624 | -52.4% |
| Other amounts payable | 47/48 | €88,399 | €87,580 | -€820 | -0.9% |
| Accrued charges and deferred income | 492/3 | €4,412 | €4,190 | -€222 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,114 | €9,114 | = | 0.0% |
| Other operating charges | 640/8 | €1,034 | €957 | -€77 | -7.5% |
| Gross operating margin | 9900 | €84,122 | €93,848 | +€9,726 | +11.6% |
| Operating profit (loss) | 9901 | €73,974 | €83,777 | +€9,803 | +13.3% |
| Financial income | 75/76B | €249 | €468 | +€218 | +87.5% |
| Recurring financial income | 75 | €249 | €468 | +€218 | +87.5% |
| Financial charges | 65/66B | €442 | €245 | -€197 | -44.6% |
| Recurring financial charges | 65 | €442 | €245 | -€197 | -44.6% |
| Profit (loss) for the period before taxes | 9903 | €73,781 | €84,000 | +€10,219 | +13.8% |
| Income taxes | 67/77 | €16,962 | €18,556 | +€1,594 | +9.4% |
| Profit (loss) for the period | 9904 | €56,819 | €65,443 | +€8,624 | +15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €56,819 | €65,443 | +€8,624 | +15.2% |
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 24 October 2026 via checked.be.