Pushpull: what changed
Two fiscal 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.
Pushpull
Largest movements
- Tangible fixed assets -€67,111
down €67,111 (-7.5%), from €890,707 to €823,596
of which Land and buildings: -€54,803
- Receivables within one year +€24,050
up €24,050 (+94.5%), from €25,453 to €49,502
of which Trade receivables: +€25,003
- Debts after one year -€57,167
down €57,167 (-8.6%), from €663,518 to €606,351
- Profit (loss) carried forward -€17,524
down €17,524 (-34.3%), from -€51,095 to -€68,619
- Tax, wage and social debts +€11,372
up €11,372 (+491.2%), from €2,315 to €13,687
of which Taxes: +€11,372
- Other operating charges +€4,365
up €4,365 (+66.5%), from €6,565 to €10,930
- Depreciation +€3,823
up €3,823 (+5.1%), from €75,565 to €79,389
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 | €925,555 | €876,952 | -€48,603 | -5.3% |
| Fixed assets | 21/28 | €890,707 | €823,596 | -€67,111 | -7.5% |
| Tangible fixed assets | 22/27 | €890,707 | €823,596 | -€67,111 | -7.5% |
| Land and buildings | 22 | €834,048 | €779,245 | -€54,803 | -6.6% |
| Plant, machinery and equipment | 23 | €14,846 | €11,170 | -€3,676 | -24.8% |
| Furniture and vehicles | 24 | €18,450 | €15,348 | -€3,101 | -16.8% |
| Other tangible fixed assets | 26 | €23,364 | €17,833 | -€5,531 | -23.7% |
| Current assets | 29/58 | €34,847 | €53,356 | +€18,508 | +53.1% |
| Amounts receivable within one year | 40/41 | €25,453 | €49,502 | +€24,050 | +94.5% |
| Trade receivables | 40 | €24,056 | €49,059 | +€25,003 | +103.9% |
| Other amounts receivable | 41 | €1,397 | €443 | -€954 | -68.3% |
| Cash at bank and in hand | 54/58 | €2,982 | €1,464 | -€1,518 | -50.9% |
| Deferred charges and accrued income | 490/1 | €6,412 | €2,389 | -€4,023 | -62.7% |
| Total equity and liabilities | 10/49 | €925,555 | €876,952 | -€48,603 | -5.3% |
| Equity | 10/15 | -€43,035 | -€60,559 | -€17,524 | -40.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,095 | -€68,619 | -€17,524 | -34.3% |
| Amounts payable | 17/49 | €968,590 | €937,511 | -€31,079 | -3.2% |
| Amounts payable after more than one year | 17 | €663,518 | €606,351 | -€57,167 | -8.6% |
| Financial debts | 170/4 | €663,518 | €606,351 | -€57,167 | -8.6% |
| Amounts payable within one year | 42/48 | €305,072 | €331,160 | +€26,088 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €44,846 | €51,653 | +€6,807 | +15.2% |
| Trade debts | 44 | €4,375 | €5,761 | +€1,385 | +31.7% |
| Suppliers | 440/4 | €4,375 | €5,761 | +€1,385 | +31.7% |
| Taxes, remuneration and social security | 45 | €2,315 | €13,687 | +€11,372 | +491.2% |
| Taxes | 450/3 | €665 | €12,037 | +€11,372 | +1710.3% |
| Remuneration and social security | 454/9 | €1,650 | €1,650 | = | 0.0% |
| Other amounts payable | 47/48 | €253,536 | €260,060 | +€6,524 | +2.6% |
| Non-recurring operating income | 76A | €2,013 | - | -€2,013 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,565 | €79,389 | +€3,823 | +5.1% |
| Other operating charges | 640/8 | €6,565 | €10,930 | +€4,365 | +66.5% |
| Non-recurring operating charges | 66A | €248 | - | -€248 | |
| Gross operating margin | 9900 | €83,210 | €83,722 | +€512 | +0.6% |
| Operating profit (loss) | 9901 | €832 | -€6,597 | -€7,429 | |
| Financial income | 75/76B | €15 | €85 | +€70 | +469.2% |
| Recurring financial income | 75 | €15 | €85 | +€70 | +469.2% |
| Financial charges | 65/66B | €11,331 | €10,850 | -€481 | -4.2% |
| Recurring financial charges | 65 | €11,331 | €10,850 | -€481 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,484 | -€17,362 | -€6,877 | -65.6% |
| Income taxes | 67/77 | €172 | €162 | -€10 | -5.6% |
| Profit (loss) for the period | 9904 | -€10,656 | -€17,524 | -€6,868 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,656 | -€17,524 | -€6,868 | -64.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.