PRO DETAIL: 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.
PRO DETAIL
Largest movements
- Stocks and contracts -€55,813
down €55,813 (-52.8%), from €105,608 to €49,795
- Receivables within one year +€50,930
up €50,930 (+206%), from €24,699 to €75,629
of which Trade receivables: +€56,357
- Tangible fixed assets +€32,986
up €32,986 (+9.0%), from €367,921 to €400,907
of which Assets under construction and advance payments: +€29,224
- Cash +€22,237
up €22,237 (+235%), from €9,456 to €31,694
mainly Stocks and contracts (+€55,813) and Tax, wage and social debts (+€28,113)
- Tax, wage and social debts +€28,113
up €28,113 (+166%), from €16,920 to €45,034
of which Remuneration and social security: +€18,531
- Trade debts -€18,157
down €18,157 (-58.0%), from €31,309 to €13,153
- Other debts +€18,038
up €18,038 (+12.2%), from €147,918 to €165,957
- Current portion of long-term debt +€12,101
up €12,101 (+88.1%), from €13,731 to €25,832
- Debts after one year +€8,779
up €8,779 (+3.5%), from €249,647 to €258,426
- Gross operating margin -€51,310
down €51,310 (-58.9%), from €87,131 to €35,822
- Taxes -€17,842
down €17,842 (-94.9%), from €18,797 to €956
- Depreciation +€14,418
up €14,418 (+143%), from €10,083 to €24,501
- Financial charges +€5,889
up €5,889 (+90.7%), from €6,496 to €12,385
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 | €520,488 | €570,600 | +€50,112 | +9.6% |
| Fixed assets | 21/28 | €377,226 | €410,212 | +€32,986 | +8.7% |
| Tangible fixed assets | 22/27 | €367,921 | €400,907 | +€32,986 | +9.0% |
| Land and buildings | 22 | €345,845 | €336,188 | -€9,657 | -2.8% |
| Plant, machinery and equipment | 23 | €11,758 | €23,553 | +€11,795 | +100% |
| Furniture and vehicles | 24 | €10,318 | €11,943 | +€1,624 | +15.7% |
| Assets under construction and advance payments | 27 | - | €29,224 | +€29,224 | |
| Financial fixed assets | 28 | €9,305 | €9,305 | = | 0.0% |
| Current assets | 29/58 | €143,262 | €160,388 | +€17,126 | +12.0% |
| Stocks and contracts in progress | 3 | €105,608 | €49,795 | -€55,813 | -52.8% |
| Stocks | 30/36 | €105,608 | €49,795 | -€55,813 | -52.8% |
| Amounts receivable within one year | 40/41 | €24,699 | €75,629 | +€50,930 | +206% |
| Trade receivables | 40 | €9,454 | €65,811 | +€56,357 | +596% |
| Other amounts receivable | 41 | €15,245 | €9,818 | -€5,428 | -35.6% |
| Current investments | 50/53 | €5 | €5 | -€1 | -10.2% |
| Cash at bank and in hand | 54/58 | €9,456 | €31,694 | +€22,237 | +235% |
| Deferred charges and accrued income | 490/1 | €3,493 | €3,266 | -€227 | -6.5% |
| Total equity and liabilities | 10/49 | €520,488 | €570,600 | +€50,112 | +9.6% |
| Equity | 10/15 | €60,962 | €58,434 | -€2,528 | -4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €42,362 | €42,362 | = | 0.0% |
| Distributable reserves | 133 | €42,362 | €42,362 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,528 | -€2,528 | |
| Amounts payable | 17/49 | €459,526 | €512,166 | +€52,640 | +11.5% |
| Amounts payable after more than one year | 17 | €249,647 | €258,426 | +€8,779 | +3.5% |
| Financial debts | 170/4 | €249,647 | €258,426 | +€8,779 | +3.5% |
| Amounts payable within one year | 42/48 | €209,879 | €251,290 | +€41,411 | +19.7% |
| Current portion of amounts payable after more than one year | 42 | €13,731 | €25,832 | +€12,101 | +88.1% |
| Financial debts | 43 | - | €1,315 | +€1,315 | |
| Credit institutions | 430/8 | - | €1,315 | +€1,315 | |
| Trade debts | 44 | €31,309 | €13,153 | -€18,157 | -58.0% |
| Suppliers | 440/4 | €31,309 | €13,153 | -€18,157 | -58.0% |
| Taxes, remuneration and social security | 45 | €16,920 | €45,034 | +€28,113 | +166% |
| Taxes | 450/3 | €3,742 | €13,325 | +€9,583 | +256% |
| Remuneration and social security | 454/9 | €13,178 | €31,708 | +€18,531 | +141% |
| Other amounts payable | 47/48 | €147,918 | €165,957 | +€18,038 | +12.2% |
| Accrued charges and deferred income | 492/3 | - | €2,450 | +€2,450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,083 | €24,501 | +€14,418 | +143% |
| Other operating charges | 640/8 | €155 | €507 | +€352 | +227% |
| Non-recurring operating charges | 66A | €8,781 | - | -€8,781 | |
| Gross operating margin | 9900 | €87,131 | €35,822 | -€51,310 | -58.9% |
| Operating profit (loss) | 9901 | €68,112 | €10,813 | -€57,299 | -84.1% |
| Financial income | 75/76B | €20 | €0 | -€20 | -99.7% |
| Recurring financial income | 75 | €20 | €0 | -€20 | -99.7% |
| Financial charges | 65/66B | €6,496 | €12,385 | +€5,889 | +90.7% |
| Recurring financial charges | 65 | €6,496 | €12,385 | +€5,889 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | €61,636 | -€1,572 | -€63,208 | |
| Income taxes | 67/77 | €18,797 | €956 | -€17,842 | -94.9% |
| Profit (loss) for the period | 9904 | €42,839 | -€2,528 | -€45,367 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,839 | -€2,528 | -€45,367 |
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 17 October 2026 via checked.be.