RES-Q: 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.
RES-Q
Largest movements
- Tangible fixed assets -€22,377
down €22,377 (-2.6%), from €850,174 to €827,797
of which Land and buildings: -€26,341
- Receivables within one year +€20,966
up €20,966 (+79.4%), from €26,419 to €47,385
of which Trade receivables: +€21,596
- Cash -€18,296
down €18,296 (-30.9%), from €59,252 to €40,956
mainly Tax, wage and social debts (-€34,820) and Debts after one year (-€30,766)
- Reserves +€59,600
up €59,600 (+16.1%), from €370,740 to €430,340
of which Distributable reserves: +€61,460
- Tax, wage and social debts -€34,820
down €34,820 (-70.1%), from €49,677 to €14,857
of which Remuneration and social security: -€33,600
- Debts after one year -€30,766
down €30,766 (-7.9%), from €390,650 to €359,884
- Other debts -€21,289
down €21,289 (-35.7%), from €59,569 to €38,280
- Depreciation +€3,175
up €3,175 (+9.5%), from €33,368 to €36,543
- Other operating charges -€2,636
down €2,636 (-39.3%), from €6,705 to €4,069
- Gross operating margin +€2,175
up €2,175 (+1.6%), from €134,819 to €136,995
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 | €944,160 | €924,467 | -€19,692 | -2.1% |
| Fixed assets | 21/28 | €850,604 | €828,227 | -€22,377 | -2.6% |
| Tangible fixed assets | 22/27 | €850,174 | €827,797 | -€22,377 | -2.6% |
| Land and buildings | 22 | €820,351 | €794,010 | -€26,341 | -3.2% |
| Plant, machinery and equipment | 23 | €28,393 | €25,696 | -€2,697 | -9.5% |
| Furniture and vehicles | 24 | €1,430 | €8,092 | +€6,662 | +465.8% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €93,555 | €96,240 | +€2,685 | +2.9% |
| Amounts receivable within one year | 40/41 | €26,419 | €47,385 | +€20,966 | +79.4% |
| Trade receivables | 40 | €22,919 | €44,515 | +€21,596 | +94.2% |
| Other amounts receivable | 41 | €3,500 | €2,870 | -€630 | -18.0% |
| Cash at bank and in hand | 54/58 | €59,252 | €40,956 | -€18,296 | -30.9% |
| Deferred charges and accrued income | 490/1 | €7,884 | €7,900 | +€15 | +0.2% |
| Total equity and liabilities | 10/49 | €944,160 | €924,467 | -€19,692 | -2.1% |
| Equity | 10/15 | €395,073 | €454,687 | +€59,614 | +15.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €370,740 | €430,340 | +€59,600 | +16.1% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €368,880 | €430,340 | +€61,460 | +16.7% |
| Profit (loss) carried forward | 14 | €18,133 | €18,147 | +€14 | +0.1% |
| Amounts payable | 17/49 | €549,086 | €469,780 | -€79,306 | -14.4% |
| Amounts payable after more than one year | 17 | €390,650 | €359,884 | -€30,766 | -7.9% |
| Financial debts | 170/4 | €390,650 | €359,884 | -€30,766 | -7.9% |
| Amounts payable within one year | 42/48 | €147,294 | €98,723 | -€48,571 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €31,351 | €30,766 | -€585 | -1.9% |
| Trade debts | 44 | €6,696 | €14,820 | +€8,124 | +121.3% |
| Suppliers | 440/4 | €6,696 | €14,820 | +€8,124 | +121.3% |
| Taxes, remuneration and social security | 45 | €49,677 | €14,857 | -€34,820 | -70.1% |
| Taxes | 450/3 | €16,077 | €14,857 | -€1,220 | -7.6% |
| Remuneration and social security | 454/9 | €33,600 | - | -€33,600 | |
| Other amounts payable | 47/48 | €59,569 | €38,280 | -€21,289 | -35.7% |
| Accrued charges and deferred income | 492/3 | €11,143 | €11,173 | +€31 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,368 | €36,543 | +€3,175 | +9.5% |
| Other operating charges | 640/8 | €6,705 | €4,069 | -€2,636 | -39.3% |
| Gross operating margin | 9900 | €134,819 | €136,995 | +€2,175 | +1.6% |
| Operating profit (loss) | 9901 | €94,747 | €96,384 | +€1,637 | +1.7% |
| Financial charges | 65/66B | €15,100 | €13,791 | -€1,309 | -8.7% |
| Recurring financial charges | 65 | €15,100 | €13,791 | -€1,309 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €79,646 | €82,592 | +€2,946 | +3.7% |
| Income taxes | 67/77 | €22,178 | €22,979 | +€801 | +3.6% |
| Profit (loss) for the period | 9904 | €57,469 | €59,614 | +€2,145 | +3.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,469 | €59,614 | +€2,145 | +3.7% |
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.