Q4: 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.
Q4
Largest movements
- Cash -€82,630
down €82,630 (-90.7%), from €91,060 to €8,430
mainly Net result for the year (-€40,628) and Receivables within one year (-€19,584)
- Receivables within one year +€19,584
up €19,584, from €0 to €19,584
of which Trade receivables: +€15,000
- Tangible fixed assets -€5,362
down €5,362 (-7.4%), from €72,384 to €67,022
of which Land and buildings: -€3,516
- Profit (loss) carried forward -€40,628
down €40,628 (-30.5%), from -€133,344 to -€173,972
- Trade debts -€11,746
down €11,746 (-92.2%), from €12,736 to €990
- Tax, wage and social debts -€7,914
down €7,914 (-100.0%), from €7,914 to €0
- Other debts -€7,606
down €7,606 (-3.8%), from €201,138 to €193,533
- Gross operating margin -€72,747
down €72,747, from €44,037 to -€28,710
- Depreciation +€950
up €950 (+11.3%), from €8,426 to €9,376
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 | €163,444 | €95,551 | -€67,893 | -41.5% |
| Fixed assets | 21/28 | €72,384 | €67,022 | -€5,362 | -7.4% |
| Tangible fixed assets | 22/27 | €72,384 | €67,022 | -€5,362 | -7.4% |
| Land and buildings | 22 | €64,207 | €60,691 | -€3,516 | -5.5% |
| Furniture and vehicles | 24 | €8,177 | €6,332 | -€1,845 | -22.6% |
| Current assets | 29/58 | €91,060 | €28,529 | -€62,531 | -68.7% |
| Amounts receivable within one year | 40/41 | €0 | €19,584 | +€19,584 | |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €0 | €4,584 | +€4,584 | |
| Cash at bank and in hand | 54/58 | €91,060 | €8,430 | -€82,630 | -90.7% |
| Deferred charges and accrued income | 490/1 | - | €515 | +€515 | |
| Total equity and liabilities | 10/49 | €163,444 | €95,551 | -€67,893 | -41.5% |
| Equity | 10/15 | -€58,344 | -€98,972 | -€40,628 | -69.6% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,344 | -€173,972 | -€40,628 | -30.5% |
| Amounts payable | 17/49 | €221,788 | €194,523 | -€27,265 | -12.3% |
| Amounts payable within one year | 42/48 | €221,788 | €194,523 | -€27,265 | -12.3% |
| Trade debts | 44 | €12,736 | €990 | -€11,746 | -92.2% |
| Suppliers | 440/4 | €12,736 | €990 | -€11,746 | -92.2% |
| Taxes, remuneration and social security | 45 | €7,914 | €0 | -€7,914 | -100.0% |
| Taxes | 450/3 | €7,914 | €0 | -€7,914 | -100.0% |
| Other amounts payable | 47/48 | €201,138 | €193,533 | -€7,606 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,426 | €9,376 | +€950 | +11.3% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €44,037 | -€28,710 | -€72,747 | |
| Operating profit (loss) | 9901 | €35,494 | -€38,205 | -€73,699 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,453 | €2,422 | -€30 | -1.2% |
| Recurring financial charges | 65 | €2,453 | €2,422 | -€30 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €33,041 | -€40,628 | -€73,669 | |
| Profit (loss) for the period | 9904 | €33,041 | -€40,628 | -€73,669 | |
| Profit (loss) for the period to be appropriated | 9905 | €33,041 | -€40,628 | -€73,669 |
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 1 October 2026 via checked.be.