R1220: 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.
R1220
Largest movements
- Cash +€652,877
up €652,877 (+1114.4%), from €58,585 to €711,461
mainly Net result for the year (+€560,593) and Stocks and contracts (+€129,644)
- Stocks and contracts -€129,644
down €129,644 (-100.0%), from €129,644 to €0
- Receivables within one year +€32,544
up €32,544 (+169.6%), from €19,192 to €51,736
of which Other amounts receivable: +€33,721
- Tangible fixed assets -€16,200
down €16,200 (-8.3%), from €195,005 to €178,805
of which Other tangible fixed assets: -€111,133
- Deferred charges and accrued income -€9,758
down €9,758 (-73.5%), from €13,281 to €3,522
- Reserves +€475,000
up €475,000 (+253.8%), from €187,168 to €662,168
of which Distributable reserves: +€475,000
- Profit (loss) carried forward +€85,593
up €85,593 (+99.8%), from €85,758 to €171,351
- Tax, wage and social debts -€23,161
down €23,161 (-59.5%), from €38,898 to €15,737
of which Remuneration and social security: -€16,521
- Gross operating margin +€598,718
up €598,718 (+190.1%), from €314,944 to €913,662
- Taxes +€219,593
up €219,593 (+787.0%), from €27,901 to €247,494
- Staff costs -€87,203
down €87,203 (-48.8%), from €178,605 to €91,402
- Depreciation -€22,586
down €22,586 (-76.2%), from €29,645 to €7,059
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 | €415,987 | €945,805 | +€529,819 | +127.4% |
| Fixed assets | 21/28 | €195,285 | €179,085 | -€16,200 | -8.3% |
| Tangible fixed assets | 22/27 | €195,005 | €178,805 | -€16,200 | -8.3% |
| Land and buildings | 22 | €68,135 | €65,439 | -€2,696 | -4.0% |
| Plant, machinery and equipment | 23 | €8,773 | €2,139 | -€6,634 | -75.6% |
| Furniture and vehicles | 24 | €6,964 | €111,226 | +€104,263 | +1497.2% |
| Other tangible fixed assets | 26 | €111,133 | €0 | -€111,133 | -100.0% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €220,702 | €766,720 | +€546,019 | +247.4% |
| Stocks and contracts in progress | 3 | €129,644 | €0 | -€129,644 | -100.0% |
| Stocks | 30/36 | €129,644 | €0 | -€129,644 | -100.0% |
| Amounts receivable within one year | 40/41 | €19,192 | €51,736 | +€32,544 | +169.6% |
| Trade receivables | 40 | €1,176 | €0 | -€1,176 | -100.0% |
| Other amounts receivable | 41 | €18,016 | €51,736 | +€33,721 | +187.2% |
| Cash at bank and in hand | 54/58 | €58,585 | €711,461 | +€652,877 | +1114.4% |
| Deferred charges and accrued income | 490/1 | €13,281 | €3,522 | -€9,758 | -73.5% |
| Total equity and liabilities | 10/49 | €415,987 | €945,805 | +€529,819 | +127.4% |
| Equity | 10/15 | €332,926 | €893,519 | +€560,593 | +168.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €187,168 | €662,168 | +€475,000 | +253.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,168 | €3,168 | = | 0.0% |
| Distributable reserves | 133 | €184,000 | €659,000 | +€475,000 | +258.2% |
| Profit (loss) carried forward | 14 | €85,758 | €171,351 | +€85,593 | +99.8% |
| Amounts payable | 17/49 | €83,060 | €52,286 | -€30,774 | -37.1% |
| Amounts payable within one year | 42/48 | €83,060 | €52,286 | -€30,774 | -37.1% |
| Trade debts | 44 | €35,278 | €36,549 | +€1,271 | +3.6% |
| Suppliers | 440/4 | €35,278 | €36,549 | +€1,271 | +3.6% |
| Taxes, remuneration and social security | 45 | €38,898 | €15,737 | -€23,161 | -59.5% |
| Taxes | 450/3 | €6,640 | €0 | -€6,640 | -100.0% |
| Remuneration and social security | 454/9 | €32,258 | €15,737 | -€16,521 | -51.2% |
| Other amounts payable | 47/48 | €8,884 | €0 | -€8,884 | -100.0% |
| Non-recurring operating income | 76A | - | €748,215 | +€748,215 | |
| Remuneration, social security and pensions | 62 | €178,605 | €91,402 | -€87,203 | -48.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,645 | €7,059 | -€22,586 | -76.2% |
| Other operating charges | 640/8 | €14,340 | €6,436 | -€7,904 | -55.1% |
| Gross operating margin | 9900 | €314,944 | €913,662 | +€598,718 | +190.1% |
| Operating profit (loss) | 9901 | €92,354 | €808,765 | +€716,411 | +775.7% |
| Financial income | 75/76B | €6,074 | €4,601 | -€1,474 | -24.3% |
| Recurring financial income | 75 | €6,074 | €4,601 | -€1,474 | -24.3% |
| Financial charges | 65/66B | -€140 | €5,278 | +€5,418 | |
| Recurring financial charges | 65 | -€140 | €5,278 | +€5,418 | |
| Profit (loss) for the period before taxes | 9903 | €98,569 | €808,087 | +€709,519 | +719.8% |
| Income taxes | 67/77 | €27,901 | €247,494 | +€219,593 | +787.0% |
| Profit (loss) for the period | 9904 | €70,667 | €560,593 | +€489,926 | +693.3% |
| Profit (loss) for the period to be appropriated | 9905 | €70,667 | €560,593 | +€489,926 | +693.3% |
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 11 October 2026 via checked.be.