Q: 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.
Q
Largest movements
- Receivables within one year +€16,176
up €16,176 (+4.3%), from €372,483 to €388,659
of which Other amounts receivable: +€47,114
- Cash -€3,931
down €3,931 (-71.4%), from €5,507 to €1,576
- Profit (loss) carried forward +€162,543
up €162,543 (+43.8%), from -€371,505 to -€208,962
- Trade debts -€153,798
down €153,798 (-21.4%), from €719,494 to €565,696
- Financial income +€45,002
new in 2025: €45,002
- Gross operating margin -€38,738
down €38,738 (-22.2%), from €174,447 to €135,709
- Other operating charges +€17,552
up €17,552 (+4,566%), from €384 to €17,936
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,989 | €390,234 | +€12,245 | +3.2% |
| Current assets | 29/58 | €377,989 | €390,234 | +€12,245 | +3.2% |
| Amounts receivable within one year | 40/41 | €372,483 | €388,659 | +€16,176 | +4.3% |
| Trade receivables | 40 | €41,792 | €10,854 | -€30,938 | -74.0% |
| Other amounts receivable | 41 | €330,691 | €377,805 | +€47,114 | +14.2% |
| Cash at bank and in hand | 54/58 | €5,507 | €1,576 | -€3,931 | -71.4% |
| Total equity and liabilities | 10/49 | €377,989 | €390,234 | +€12,245 | +3.2% |
| Equity | 10/15 | -€341,505 | -€178,962 | +€162,543 | +47.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€371,505 | -€208,962 | +€162,543 | +43.8% |
| Amounts payable | 17/49 | €719,494 | €569,196 | -€150,298 | -20.9% |
| Amounts payable within one year | 42/48 | €719,494 | €565,696 | -€153,798 | -21.4% |
| Trade debts | 44 | €719,494 | €565,696 | -€153,798 | -21.4% |
| Suppliers | 440/4 | €719,494 | €565,696 | -€153,798 | -21.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €3,500 | +€3,500 | |
| Other operating charges | 640/8 | €384 | €17,936 | +€17,552 | +4,566% |
| Gross operating margin | 9900 | €174,447 | €135,709 | -€38,738 | -22.2% |
| Operating profit (loss) | 9901 | €174,063 | €117,773 | -€56,290 | -32.3% |
| Financial income | 75/76B | - | €45,002 | +€45,002 | |
| Recurring financial income | 75 | - | €45,002 | +€45,002 | |
| Financial charges | 65/66B | €163 | €232 | +€69 | +42.2% |
| Recurring financial charges | 65 | €163 | €232 | +€69 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | €173,900 | €162,543 | -€11,357 | -6.5% |
| Profit (loss) for the period | 9904 | €173,900 | €162,543 | -€11,357 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €173,900 | €162,543 | -€11,357 | -6.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.