RE-SOURCE: 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.
RE-SOURCE
Largest movements
- Receivables within one year +€8,573
up €8,573 (+26.9%), from €31,861 to €40,434
of which Trade receivables: +€17,767
- Deferred charges and accrued income +€1,126
up €1,126 (+104.5%), from €1,077 to €2,203
- Cash -€973
down €973 (-3.2%), from €30,608 to €29,636
mainly Tax, wage and social debts (-€15,787) and Other debts (-€9,462)
- Accrued charges and deferred income +€17,311
up €17,311 (+1397.9%), from €1,238 to €18,549
- Tax, wage and social debts -€15,787
down €15,787 (-66.8%), from €23,635 to €7,848
of which Taxes: -€15,787
- Trade debts +€11,450
up €11,450 (+73.9%), from €15,501 to €26,951
- Other debts -€9,462
down €9,462 (-67.5%), from €14,027 to €4,564
- Profit (loss) carried forward +€6,078
up €6,078 (+92.4%), from -€6,580 to -€502
- Gross operating margin +€11,840
up €11,840, from -€3,990 to €7,851
- Taxes +€1,962
new in 2025: €1,962
- Depreciation -€1,080
down €1,080 (-65.4%), from €1,652 to €572
- Financial charges -€423
down €423 (-19.5%), from €2,163 to €1,740
- Other operating charges -€152
down €152 (-22.3%), from €680 to €528
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 | €64,194 | €73,412 | +€9,218 | +14.4% |
| Fixed assets | 21/28 | €648 | €1,140 | +€492 | +75.9% |
| Tangible fixed assets | 22/27 | €555 | €1,047 | +€492 | +88.6% |
| Furniture and vehicles | 24 | €555 | €1,047 | +€492 | +88.6% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €63,546 | €72,272 | +€8,726 | +13.7% |
| Amounts receivable within one year | 40/41 | €31,861 | €40,434 | +€8,573 | +26.9% |
| Trade receivables | 40 | €19,625 | €37,391 | +€17,767 | +90.5% |
| Other amounts receivable | 41 | €12,236 | €3,043 | -€9,193 | -75.1% |
| Cash at bank and in hand | 54/58 | €30,608 | €29,636 | -€973 | -3.2% |
| Deferred charges and accrued income | 490/1 | €1,077 | €2,203 | +€1,126 | +104.5% |
| Total equity and liabilities | 10/49 | €64,194 | €73,412 | +€9,218 | +14.4% |
| Equity | 10/15 | €8,520 | €14,598 | +€6,078 | +71.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,580 | -€502 | +€6,078 | +92.4% |
| Amounts payable | 17/49 | €55,673 | €58,814 | +€3,141 | +5.6% |
| Amounts payable within one year | 42/48 | €54,435 | €40,265 | -€14,170 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €428 | €425 | -€3 | -0.6% |
| Financial debts | 43 | €844 | €476 | -€368 | -43.6% |
| Credit institutions | 430/8 | €844 | €476 | -€368 | -43.6% |
| Trade debts | 44 | €15,501 | €26,951 | +€11,450 | +73.9% |
| Suppliers | 440/4 | €15,501 | €26,951 | +€11,450 | +73.9% |
| Taxes, remuneration and social security | 45 | €23,635 | €7,848 | -€15,787 | -66.8% |
| Taxes | 450/3 | €19,035 | €3,248 | -€15,787 | -82.9% |
| Remuneration and social security | 454/9 | €4,600 | €4,600 | = | 0.0% |
| Other amounts payable | 47/48 | €14,027 | €4,564 | -€9,462 | -67.5% |
| Accrued charges and deferred income | 492/3 | €1,238 | €18,549 | +€17,311 | +1397.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,652 | €572 | -€1,080 | -65.4% |
| Other operating charges | 640/8 | €680 | €528 | -€152 | -22.3% |
| Gross operating margin | 9900 | -€3,990 | €7,851 | +€11,840 | |
| Operating profit (loss) | 9901 | -€6,322 | €6,750 | +€13,072 | |
| Financial income | 75/76B | €2,920 | €3,029 | +€109 | +3.7% |
| Recurring financial income | 75 | €2,920 | €3,029 | +€109 | +3.7% |
| Financial charges | 65/66B | €2,163 | €1,740 | -€423 | -19.5% |
| Recurring financial charges | 65 | €2,163 | €1,740 | -€423 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,564 | €8,040 | +€13,604 | |
| Income taxes | 67/77 | - | €1,962 | +€1,962 | |
| Profit (loss) for the period | 9904 | -€5,564 | €6,078 | +€11,642 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,564 | €6,078 | +€11,642 |
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 5 October 2026 via checked.be.