PROJECT 1C: 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.
PROJECT 1C
Largest movements
- Receivables within one year +€32,713
up €32,713 (+85.3%), from €38,370 to €71,082
of which Trade receivables: +€33,258
- Cash +€18,614
up €18,614 (+701%), from €2,656 to €21,269
mainly Other debts (+€22,140) and Net result for the year (+€12,833)
- Stocks and contracts -€2,000
no longer reported in 2025 (was €2,000)
- Other debts +€22,140
up €22,140 (+347%), from €6,377 to €28,517
- Profit (loss) carried forward +€12,833
up €12,833 (+77.6%), from -€16,540 to -€3,707
- Trade debts +€9,365
up €9,365 (+28.6%), from €32,729 to €42,094
- Tax, wage and social debts +€4,839
new in 2025: €4,839
- Gross operating margin +€12,902
up €12,902 (+533%), from €2,420 to €15,322
- Taxes +€4,515
up €4,515 (+1,793%), from €252 to €4,767
- Financial income +€3,664
up €3,664 (+9,159,050%), from €0 to €3,664
- Other operating charges +€394
up €394 (+46.2%), from €853 to €1,247
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 | €43,026 | €92,352 | +€49,326 | +115% |
| Current assets | 29/58 | €43,026 | €92,352 | +€49,326 | +115% |
| Stocks and contracts in progress | 3 | €2,000 | - | -€2,000 | |
| Stocks | 30/36 | €2,000 | - | -€2,000 | |
| Amounts receivable within one year | 40/41 | €38,370 | €71,082 | +€32,713 | +85.3% |
| Trade receivables | 40 | €37,824 | €71,082 | +€33,258 | +87.9% |
| Other amounts receivable | 41 | €546 | - | -€546 | |
| Cash at bank and in hand | 54/58 | €2,656 | €21,269 | +€18,614 | +701% |
| Total equity and liabilities | 10/49 | €43,026 | €92,352 | +€49,326 | +115% |
| Equity | 10/15 | €3,920 | €16,753 | +€12,833 | +327% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Contributions outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Share premium | 1100/10 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,540 | -€3,707 | +€12,833 | +77.6% |
| Amounts payable | 17/49 | €39,106 | €75,599 | +€36,493 | +93.3% |
| Amounts payable within one year | 42/48 | €39,106 | €75,450 | +€36,344 | +92.9% |
| Trade debts | 44 | €32,729 | €42,094 | +€9,365 | +28.6% |
| Suppliers | 440/4 | €32,729 | €42,094 | +€9,365 | +28.6% |
| Taxes, remuneration and social security | 45 | - | €4,839 | +€4,839 | |
| Taxes | 450/3 | - | €4,839 | +€4,839 | |
| Other amounts payable | 47/48 | €6,377 | €28,517 | +€22,140 | +347% |
| Accrued charges and deferred income | 492/3 | - | €149 | +€149 | |
| Non-recurring operating income | 76A | - | €471 | +€471 | |
| Other operating charges | 640/8 | €853 | €1,247 | +€394 | +46.2% |
| Gross operating margin | 9900 | €2,420 | €15,322 | +€12,902 | +533% |
| Operating profit (loss) | 9901 | €1,566 | €14,075 | +€12,509 | +799% |
| Financial income | 75/76B | €0 | €3,664 | +€3,664 | +9,159,050% |
| Recurring financial income | 75 | €0 | €3,664 | +€3,664 | +9,159,050% |
| Financial charges | 65/66B | €130 | €139 | +€9 | +6.9% |
| Recurring financial charges | 65 | €130 | €139 | +€9 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €1,436 | €17,600 | +€16,163 | +1,125% |
| Income taxes | 67/77 | €252 | €4,767 | +€4,515 | +1,793% |
| Profit (loss) for the period | 9904 | €1,185 | €12,833 | +€11,648 | +983% |
| Profit (loss) for the period to be appropriated | 9905 | €1,185 | €12,833 | +€11,648 | +983% |
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 13 October 2026 via checked.be.