Q73: 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.
Q73
Largest movements
- Cash -€211,453
down €211,453 (-65.7%), from €321,673 to €110,220
mainly Contributions, distributions and other (-€273,684) and Other debts (-€40,000)
- Tangible fixed assets -€57,438
down €57,438 (-20.2%), from €284,452 to €227,014
of which Plant, machinery and equipment: -€29,190
- Current investments -€24,380
down €24,380 (-6.8%), from €357,777 to €333,397
- Reserves -€207,846
down €207,846 (-28.2%), from €737,389 to €529,543
- Other debts -€40,000
down €40,000 (-20.0%), from €200,000 to €160,000
- Debts after one year -€33,999
down €33,999 (-100%), from €33,999 to €0
- Trade debts -€16,227
down €16,227 (-67.1%), from €24,188 to €7,960
- Tax, wage and social debts +€11,329
up €11,329 (+5,785%), from €196 to €11,525
- Gross operating margin +€45,305
up €45,305 (+44.2%), from €102,564 to €147,869
- Taxes +€13,449
up €13,449 (+120%), from €11,237 to €24,685
- Depreciation -€4,636
down €4,636 (-7.5%), from €62,075 to €57,438
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 | €1,048,559 | €755,427 | -€293,133 | -28.0% |
| Fixed assets | 21/28 | €284,452 | €227,014 | -€57,438 | -20.2% |
| Tangible fixed assets | 22/27 | €284,452 | €227,014 | -€57,438 | -20.2% |
| Land and buildings | 22 | €139,549 | €125,813 | -€13,737 | -9.8% |
| Plant, machinery and equipment | 23 | €99,920 | €70,730 | -€29,190 | -29.2% |
| Furniture and vehicles | 24 | €44,982 | €30,471 | -€14,511 | -32.3% |
| Current assets | 29/58 | €764,107 | €528,413 | -€235,694 | -30.8% |
| Amounts receivable within one year | 40/41 | €6,266 | €8,033 | +€1,767 | +28.2% |
| Trade receivables | 40 | €600 | €0 | -€600 | -100% |
| Other amounts receivable | 41 | €5,667 | €8,033 | +€2,367 | +41.8% |
| Current investments | 50/53 | €357,777 | €333,397 | -€24,380 | -6.8% |
| Cash at bank and in hand | 54/58 | €321,673 | €110,220 | -€211,453 | -65.7% |
| Deferred charges and accrued income | 490/1 | €78,391 | €76,763 | -€1,628 | -2.1% |
| Total equity and liabilities | 10/49 | €1,048,559 | €755,427 | -€293,133 | -28.0% |
| Equity | 10/15 | €749,789 | €541,943 | -€207,846 | -27.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €737,389 | €529,543 | -€207,846 | -28.2% |
| Distributable reserves | 133 | €737,389 | €529,543 | -€207,846 | -28.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €298,770 | €213,484 | -€85,286 | -28.5% |
| Amounts payable after more than one year | 17 | €33,999 | €0 | -€33,999 | -100% |
| Financial debts | 170/4 | €33,999 | €0 | -€33,999 | -100% |
| Amounts payable within one year | 42/48 | €264,749 | €213,484 | -€51,265 | -19.4% |
| Current portion of amounts payable after more than one year | 42 | €40,365 | €33,999 | -€6,367 | -15.8% |
| Trade debts | 44 | €24,188 | €7,960 | -€16,227 | -67.1% |
| Suppliers | 440/4 | €24,188 | €7,960 | -€16,227 | -67.1% |
| Taxes, remuneration and social security | 45 | €196 | €11,525 | +€11,329 | +5,785% |
| Taxes | 450/3 | €196 | €11,525 | +€11,329 | +5,785% |
| Other amounts payable | 47/48 | €200,000 | €160,000 | -€40,000 | -20.0% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,075 | €57,438 | -€4,636 | -7.5% |
| Other operating charges | 640/8 | €2,813 | €2,773 | -€41 | -1.4% |
| Gross operating margin | 9900 | €102,564 | €147,869 | +€45,305 | +44.2% |
| Operating profit (loss) | 9901 | €37,676 | €87,658 | +€49,982 | +133% |
| Financial income | 75/76B | €4,118 | €5,327 | +€1,209 | +29.4% |
| Recurring financial income | 75 | €4,118 | €5,327 | +€1,209 | +29.4% |
| Financial charges | 65/66B | €3,319 | €2,462 | -€858 | -25.8% |
| Recurring financial charges | 65 | €3,319 | €2,462 | -€858 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €38,474 | €90,523 | +€52,049 | +135% |
| Income taxes | 67/77 | €11,237 | €24,685 | +€13,449 | +120% |
| Profit (loss) for the period | 9904 | €27,237 | €65,838 | +€38,600 | +142% |
| Profit (loss) for the period to be appropriated | 9905 | €27,237 | €65,838 | +€38,600 | +142% |
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 22 October 2026 via checked.be.