PREMIERS: 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.
PREMIERS
Largest movements
- Receivables after one year +€759,624
up €759,624 (+107.4%), from €707,411 to €1.5m
- Cash +€321,029
up €321,029 (+186.5%), from €172,098 to €493,127
mainly Debts after one year (+€645,466) and Receivables within one year (+€234,384)
- Receivables within one year -€234,384
down €234,384 (-18.8%), from €1.2m to €1.0m
of which Trade receivables: -€242,547
- Deferred charges and accrued income -€205,295
down €205,295 (-34.4%), from €596,221 to €390,927
- Stocks and contracts -€146,008
down €146,008 (-20.4%), from €716,339 to €570,331
- Debts after one year +€645,466
up €645,466 (+50.3%), from €1.3m to €1.9m
of which Other amounts payable: +€684,730
- Short-term financial debts -€157,953
down €157,953 (-79.0%), from €200,000 to €42,047
- Other debts -€155,437
down €155,437 (-97.9%), from €158,726 to €3,289
- Reserves +€149,502
up €149,502 (+9.1%), from €1.6m to €1.8m
of which Tax-exempt reserves: +€126,300
- Gross operating margin -€206,582
down €206,582 (-18.9%), from €1.1m to €885,316
- Taxes -€86,588
down €86,588 (-55.5%), from €155,929 to €69,341
- Financial income -€51,908
down €51,908 (-46.9%), from €110,784 to €58,876
- Other operating charges +€47,099
up €47,099 (+131.0%), from €35,949 to €83,048
- Staff costs +€21,049
up €21,049 (+8.6%), from €245,073 to €266,122
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 | €4,347,732 | €4,832,659 | +€484,927 | +11.2% |
| Fixed assets | 21/28 | €912,078 | €902,039 | -€10,039 | -1.1% |
| Intangible fixed assets | 21 | €73,070 | €79,559 | +€6,489 | +8.9% |
| Tangible fixed assets | 22/27 | €839,008 | €822,480 | -€16,528 | -2.0% |
| Land and buildings | 22 | €506,383 | €477,698 | -€28,685 | -5.7% |
| Plant, machinery and equipment | 23 | €65,292 | €75,510 | +€10,218 | +15.7% |
| Furniture and vehicles | 24 | €253,366 | €219,767 | -€33,599 | -13.3% |
| Leasing and similar rights | 25 | €4,532 | €2,341 | -€2,191 | -48.3% |
| Other tangible fixed assets | 26 | €9,435 | €47,163 | +€37,728 | +399.9% |
| Current assets | 29/58 | €3,435,654 | €3,930,620 | +€494,966 | +14.4% |
| Amounts receivable after more than one year | 29 | €707,411 | €1,467,035 | +€759,624 | +107.4% |
| Other amounts receivable | 291 | €707,411 | €1,467,035 | +€759,624 | +107.4% |
| Stocks and contracts in progress | 3 | €716,339 | €570,331 | -€146,008 | -20.4% |
| Stocks | 30/36 | €716,339 | €570,331 | -€146,008 | -20.4% |
| Amounts receivable within one year | 40/41 | €1,243,584 | €1,009,200 | -€234,384 | -18.8% |
| Trade receivables | 40 | €1,153,515 | €910,968 | -€242,547 | -21.0% |
| Other amounts receivable | 41 | €90,069 | €98,232 | +€8,163 | +9.1% |
| Cash at bank and in hand | 54/58 | €172,098 | €493,127 | +€321,029 | +186.5% |
| Deferred charges and accrued income | 490/1 | €596,221 | €390,927 | -€205,295 | -34.4% |
| Total equity and liabilities | 10/49 | €4,347,732 | €4,832,659 | +€484,927 | +11.2% |
| Equity | 10/15 | €2,241,219 | €2,390,721 | +€149,502 | +6.7% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €1,644,514 | €1,794,016 | +€149,502 | +9.1% |
| Tax-exempt reserves | 132 | €273,650 | €399,950 | +€126,300 | +46.2% |
| Distributable reserves | 133 | €1,370,864 | €1,394,066 | +€23,202 | +1.7% |
| Profit (loss) carried forward | 14 | €366,704 | €366,704 | = | 0.0% |
| Amounts payable | 17/49 | €2,106,513 | €2,441,938 | +€335,425 | +15.9% |
| Amounts payable after more than one year | 17 | €1,282,612 | €1,928,078 | +€645,466 | +50.3% |
| Financial debts | 170/4 | €39,412 | €148 | -€39,264 | -99.6% |
| Other amounts payable | 178/9 | €1,243,200 | €1,927,930 | +€684,730 | +55.1% |
| Amounts payable within one year | 42/48 | €701,830 | €364,715 | -€337,115 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €77,129 | €39,264 | -€37,865 | -49.1% |
| Financial debts | 43 | €200,000 | €42,047 | -€157,953 | -79.0% |
| Credit institutions | 430/8 | €200,000 | €42,047 | -€157,953 | -79.0% |
| Trade debts | 44 | €121,259 | €114,452 | -€6,807 | -5.6% |
| Suppliers | 440/4 | €121,259 | €114,452 | -€6,807 | -5.6% |
| Taxes, remuneration and social security | 45 | €144,716 | €165,663 | +€20,946 | +14.5% |
| Taxes | 450/3 | €113,849 | €128,754 | +€14,905 | +13.1% |
| Remuneration and social security | 454/9 | €30,867 | €36,909 | +€6,042 | +19.6% |
| Other amounts payable | 47/48 | €158,726 | €3,289 | -€155,437 | -97.9% |
| Accrued charges and deferred income | 492/3 | €122,071 | €149,145 | +€27,074 | +22.2% |
| Remuneration, social security and pensions | 62 | €245,073 | €266,122 | +€21,049 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €145,149 | €141,333 | -€3,816 | -2.6% |
| Other operating charges | 640/8 | €35,949 | €83,048 | +€47,099 | +131.0% |
| Non-recurring operating charges | 66A | €60,000 | - | -€60,000 | |
| Gross operating margin | 9900 | €1,091,899 | €885,316 | -€206,582 | -18.9% |
| Operating profit (loss) | 9901 | €605,728 | €394,814 | -€210,914 | -34.8% |
| Financial income | 75/76B | €110,784 | €58,876 | -€51,908 | -46.9% |
| Recurring financial income | 75 | €110,784 | €58,876 | -€51,908 | -46.9% |
| Financial charges | 65/66B | €243,326 | €234,847 | -€8,480 | -3.5% |
| Recurring financial charges | 65 | €243,326 | €234,847 | -€8,480 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €473,186 | €218,843 | -€254,343 | -53.8% |
| Income taxes | 67/77 | €155,929 | €69,341 | -€86,588 | -55.5% |
| Profit (loss) for the period | 9904 | €317,256 | €149,502 | -€167,754 | -52.9% |
| Transfer to tax-exempt reserves | 689 | €105,250 | €126,300 | +€21,050 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €212,006 | €23,202 | -€188,804 | -89.1% |
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 11 October 2026 via checked.be.