remand: 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.
remand
Largest movements
- Cash -€41,984
down €41,984 (-54.5%), from €77,043 to €35,059
mainly Receivables within one year (-€35,700) and Other debts (-€29,522)
- Receivables within one year +€35,700
up €35,700 (+74.2%), from €48,084 to €83,784
of which Trade receivables: +€38,220
- Tangible fixed assets -€35,684
down €35,684 (-5.5%), from €648,724 to €613,040
of which Land and buildings: -€23,356
- Other debts -€29,522
down €29,522 (-7.7%), from €384,373 to €354,851
- Debts after one year -€15,517
down €15,517 (-5.8%), from €268,018 to €252,501
of which Financial debts: -€15,517
- Gross operating margin +€6,221
up €6,221 (+14.0%), from €44,334 to €50,556
- Depreciation +€6,078
up €6,078 (+20.5%), from €29,606 to €35,684
- Financial charges -€3,825
down €3,825 (-48.9%), from €7,816 to €3,991
- Financial income -€1,416
down €1,416 (-56.4%), from €2,511 to €1,095
- Other operating charges -€827
down €827 (-17.5%), from €4,727 to €3,899
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 | €776,123 | €734,363 | -€41,760 | -5.4% |
| Fixed assets | 21/28 | €648,724 | €613,040 | -€35,684 | -5.5% |
| Tangible fixed assets | 22/27 | €648,724 | €613,040 | -€35,684 | -5.5% |
| Land and buildings | 22 | €617,278 | €593,921 | -€23,356 | -3.8% |
| Plant, machinery and equipment | 23 | €492 | - | -€492 | |
| Furniture and vehicles | 24 | €30,955 | €19,118 | -€11,836 | -38.2% |
| Current assets | 29/58 | €127,399 | €121,323 | -€6,076 | -4.8% |
| Amounts receivable within one year | 40/41 | €48,084 | €83,784 | +€35,700 | +74.2% |
| Trade receivables | 40 | €40,614 | €78,834 | +€38,220 | +94.1% |
| Other amounts receivable | 41 | €7,470 | €4,950 | -€2,520 | -33.7% |
| Cash at bank and in hand | 54/58 | €77,043 | €35,059 | -€41,984 | -54.5% |
| Deferred charges and accrued income | 490/1 | €2,272 | €2,480 | +€208 | +9.2% |
| Total equity and liabilities | 10/49 | €776,123 | €734,363 | -€41,760 | -5.4% |
| Equity | 10/15 | €93,993 | €97,102 | +€3,109 | +3.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,229 | €36,339 | +€3,109 | +9.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €31,374 | €34,484 | +€3,109 | +9.9% |
| Profit (loss) carried forward | 14 | €54,563 | €54,563 | = | 0.0% |
| Amounts payable | 17/49 | €682,130 | €637,261 | -€44,869 | -6.6% |
| Amounts payable after more than one year | 17 | €268,018 | €252,501 | -€15,517 | -5.8% |
| Financial debts | 170/4 | €53,657 | €38,140 | -€15,517 | -28.9% |
| Other amounts payable | 178/9 | €214,360 | €214,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €414,113 | €384,760 | -€29,352 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €14,700 | €15,517 | +€817 | +5.6% |
| Trade debts | 44 | €7,384 | €10,698 | +€3,314 | +44.9% |
| Suppliers | 440/4 | €7,384 | €10,698 | +€3,314 | +44.9% |
| Taxes, remuneration and social security | 45 | €7,656 | €3,694 | -€3,962 | -51.8% |
| Taxes | 450/3 | €7,656 | €3,694 | -€3,962 | -51.8% |
| Other amounts payable | 47/48 | €384,373 | €354,851 | -€29,522 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,606 | €35,684 | +€6,078 | +20.5% |
| Other operating charges | 640/8 | €4,727 | €3,899 | -€827 | -17.5% |
| Non-recurring operating charges | 66A | - | €4,027 | +€4,027 | |
| Gross operating margin | 9900 | €44,334 | €50,556 | +€6,221 | +14.0% |
| Operating profit (loss) | 9901 | €10,002 | €6,946 | -€3,056 | -30.6% |
| Financial income | 75/76B | €2,511 | €1,095 | -€1,416 | -56.4% |
| Recurring financial income | 75 | €2,511 | €1,095 | -€1,416 | -56.4% |
| Financial charges | 65/66B | €7,816 | €3,991 | -€3,825 | -48.9% |
| Recurring financial charges | 65 | €7,816 | €3,991 | -€3,825 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €4,697 | €4,049 | -€648 | -13.8% |
| Income taxes | 67/77 | €427 | €940 | +€513 | +120.1% |
| Profit (loss) for the period | 9904 | €4,270 | €3,109 | -€1,161 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,270 | €3,109 | -€1,161 | -27.2% |
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 3 October 2026 via checked.be.