RAZZLE DAZZLE: 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.
RAZZLE DAZZLE
Largest movements
- Receivables within one year +€13,720
up €13,720 (+16.0%), from €85,541 to €99,261
of which Other amounts receivable: +€21,537
- Tangible fixed assets +€1,727
new in 2025: €1,727
- Deferred charges and accrued income -€1,125
no longer reported in 2025 (was €1,125)
- Short-term financial debts +€6,636
new in 2025: €6,636
- Other debts +€3,500
new in 2025: €3,500
- Tax, wage and social debts +€2,544
up €2,544 (+10.2%), from €24,861 to €27,404
- Trade debts -€1,514
down €1,514 (-7.9%), from €19,116 to €17,602
- Profit (loss) carried forward +€1,377
up €1,377 (+11.4%), from €12,090 to €13,467
- Gross operating margin -€54,278
down €54,278 (-91.1%), from €59,597 to €5,318
- Taxes -€13,324
down €13,324 (-86.8%), from €15,357 to €2,033
- Other operating charges -€9,826
down €9,826 (-90.2%), from €10,896 to €1,070
- Financial charges -€1,272
down €1,272 (-53.7%), from €2,367 to €1,095
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 | €87,206 | €100,988 | +€13,782 | +15.8% |
| Fixed assets | 21/28 | - | €1,727 | +€1,727 | |
| Tangible fixed assets | 22/27 | - | €1,727 | +€1,727 | |
| Plant, machinery and equipment | 23 | - | €1,727 | +€1,727 | |
| Current assets | 29/58 | €87,206 | €99,261 | +€12,056 | +13.8% |
| Amounts receivable within one year | 40/41 | €85,541 | €99,261 | +€13,720 | +16.0% |
| Trade receivables | 40 | €39,275 | €31,459 | -€7,816 | -19.9% |
| Other amounts receivable | 41 | €46,266 | €67,803 | +€21,537 | +46.5% |
| Cash at bank and in hand | 54/58 | €540 | - | -€540 | |
| Deferred charges and accrued income | 490/1 | €1,125 | - | -€1,125 | |
| Total equity and liabilities | 10/49 | €87,206 | €100,988 | +€13,782 | +15.8% |
| Equity | 10/15 | €43,190 | €44,567 | +€1,377 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,090 | €13,467 | +€1,377 | +11.4% |
| Amounts payable | 17/49 | €44,015 | €56,421 | +€12,405 | +28.2% |
| Amounts payable within one year | 42/48 | €44,015 | €56,421 | +€12,405 | +28.2% |
| Financial debts | 43 | - | €6,636 | +€6,636 | |
| Credit institutions | 430/8 | - | €6,636 | +€6,636 | |
| Trade debts | 44 | €19,116 | €17,602 | -€1,514 | -7.9% |
| Suppliers | 440/4 | €19,116 | €17,602 | -€1,514 | -7.9% |
| Advances received on contracts in progress | 46 | €39 | €1,279 | +€1,240 | +3,202% |
| Taxes, remuneration and social security | 45 | €24,861 | €27,404 | +€2,544 | +10.2% |
| Taxes | 450/3 | €24,861 | €27,404 | +€2,544 | +10.2% |
| Other amounts payable | 47/48 | - | €3,500 | +€3,500 | |
| Non-recurring operating income | 76A | €9,938 | - | -€9,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €123 | +€123 | |
| Other operating charges | 640/8 | €10,896 | €1,070 | -€9,826 | -90.2% |
| Gross operating margin | 9900 | €59,597 | €5,318 | -€54,278 | -91.1% |
| Operating profit (loss) | 9901 | €48,700 | €4,125 | -€44,575 | -91.5% |
| Financial income | 75/76B | - | €380 | +€380 | |
| Recurring financial income | 75 | - | €380 | +€380 | |
| Financial charges | 65/66B | €2,367 | €1,095 | -€1,272 | -53.7% |
| Recurring financial charges | 65 | €2,367 | €1,095 | -€1,272 | -53.7% |
| Profit (loss) for the period before taxes | 9903 | €46,333 | €3,410 | -€42,924 | -92.6% |
| Income taxes | 67/77 | €15,357 | €2,033 | -€13,324 | -86.8% |
| Profit (loss) for the period | 9904 | €30,976 | €1,377 | -€29,599 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,976 | €1,377 | -€29,599 | -95.6% |
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 23 October 2026 via checked.be.