RENDEZ-VOUS: 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.
RENDEZ-VOUS
Largest movements
- Cash -€45,181
down €45,181 (-51.9%), from €87,094 to €41,912
mainly Other debts (-€37,580) and Tax, wage and social debts (-€7,915)
- Receivables within one year +€5,829
up €5,829 (+174%), from €3,357 to €9,187
of which Trade receivables: +€7,865
- Other debts -€37,580
down €37,580 (-52.3%), from €71,835 to €34,255
- Tax, wage and social debts -€7,915
down €7,915 (-95.9%), from €8,251 to €336
- Trade debts +€4,388
up €4,388 (+91.6%), from €4,792 to €9,180
- Profit (loss) carried forward +€1,061
up €1,061 (+2.0%), from -€52,772 to -€51,711
- Turnover -€37,351
down €37,351 (-80.5%), from €46,373 to €9,022
- Gross operating margin -€26,510
down €26,510 (-92.1%), from €28,791 to €2,281
- Purchases and services -€10,841
down €10,841 (-61.7%), from €17,583 to €6,742
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 | €100,067 | €60,020 | -€40,047 | -40.0% |
| Fixed assets | 21/28 | €3,798 | €3,103 | -€694 | -18.3% |
| Tangible fixed assets | 22/27 | €3,798 | €3,103 | -€694 | -18.3% |
| Plant, machinery and equipment | 23 | €101 | €34 | -€67 | -66.7% |
| Furniture and vehicles | 24 | €3,697 | €3,070 | -€627 | -17.0% |
| Current assets | 29/58 | €96,269 | €56,917 | -€39,352 | -40.9% |
| Stocks and contracts in progress | 3 | €5,818 | €5,818 | = | 0.0% |
| Stocks | 30/36 | €5,818 | €5,818 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,357 | €9,187 | +€5,829 | +174% |
| Trade receivables | 40 | €1,322 | €9,187 | +€7,865 | +595% |
| Other amounts receivable | 41 | €2,036 | €0 | -€2,036 | -100% |
| Cash at bank and in hand | 54/58 | €87,094 | €41,912 | -€45,181 | -51.9% |
| Total equity and liabilities | 10/49 | €100,067 | €60,020 | -€40,047 | -40.0% |
| Equity | 10/15 | €15,188 | €16,249 | +€1,061 | +7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €49,360 | €49,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,500 | €47,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,772 | -€51,711 | +€1,061 | +2.0% |
| Amounts payable | 17/49 | €84,879 | €43,771 | -€41,108 | -48.4% |
| Amounts payable within one year | 42/48 | €84,879 | €43,771 | -€41,108 | -48.4% |
| Trade debts | 44 | €4,792 | €9,180 | +€4,388 | +91.6% |
| Suppliers | 440/4 | €4,792 | €9,180 | +€4,388 | +91.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,251 | €336 | -€7,915 | -95.9% |
| Taxes | 450/3 | €8,251 | €336 | -€7,915 | -95.9% |
| Other amounts payable | 47/48 | €71,835 | €34,255 | -€37,580 | -52.3% |
| Turnover | 70 | €46,373 | €9,022 | -€37,351 | -80.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €17,583 | €6,742 | -€10,841 | -61.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €893 | €694 | -€199 | -22.3% |
| Other operating charges | 640/8 | €418 | €421 | +€3 | +0.7% |
| Gross operating margin | 9900 | €28,791 | €2,281 | -€26,510 | -92.1% |
| Operating profit (loss) | 9901 | €27,479 | €1,165 | -€26,314 | -95.8% |
| Financial charges | 65/66B | €99 | €104 | +€5 | +4.5% |
| Recurring financial charges | 65 | €99 | €104 | +€5 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €27,380 | €1,061 | -€26,319 | -96.1% |
| Profit (loss) for the period | 9904 | €27,380 | €1,061 | -€26,319 | -96.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,380 | €1,061 | -€26,319 | -96.1% |
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 16 October 2026 via checked.be.