run the talk: 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.
run the talk
Largest movements
- Cash -€149,991
down €149,991 (-97.9%), from €153,171 to €3,180
mainly Receivables within one year (-€102,763) and Current investments (-€50,000)
- Receivables within one year +€102,763
up €102,763 (+158%), from €65,103 to €167,867
of which Other amounts receivable: +€98,849
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets -€16,840
down €16,840 (-5.7%), from €293,128 to €276,288
of which Land and buildings: -€15,027
- Debts after one year -€14,000
down €14,000 (-7.6%), from €183,166 to €169,166
- Current portion of long-term debt +€14,000
new in 2025: €14,000
- Short-term financial debts -€14,000
down €14,000 (-100%), from €14,000 to €0
- Trade debts -€9,470
down €9,470 (-81.5%), from €11,618 to €2,148
- Gross operating margin -€123,609
down €123,609 (-80.8%), from €152,922 to €29,314
- Taxes -€37,946
down €37,946 (-94.1%), from €40,338 to €2,392
- Depreciation -€5,132
down €5,132 (-23.4%), from €21,972 to €16,840
- Other operating charges -€2,001
down €2,001 (-50.7%), from €3,946 to €1,945
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 | €511,403 | €497,334 | -€14,068 | -2.8% |
| Fixed assets | 21/28 | €293,128 | €276,288 | -€16,840 | -5.7% |
| Tangible fixed assets | 22/27 | €293,128 | €276,288 | -€16,840 | -5.7% |
| Land and buildings | 22 | €288,137 | €273,110 | -€15,027 | -5.2% |
| Plant, machinery and equipment | 23 | €1,214 | €761 | -€453 | -37.3% |
| Furniture and vehicles | 24 | €3,777 | €2,416 | -€1,360 | -36.0% |
| Current assets | 29/58 | €218,275 | €221,047 | +€2,772 | +1.3% |
| Amounts receivable within one year | 40/41 | €65,103 | €167,867 | +€102,763 | +158% |
| Trade receivables | 40 | €3,477 | €7,391 | +€3,914 | +113% |
| Other amounts receivable | 41 | €61,627 | €160,476 | +€98,849 | +160% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €153,171 | €3,180 | -€149,991 | -97.9% |
| Total equity and liabilities | 10/49 | €511,403 | €497,334 | -€14,068 | -2.8% |
| Equity | 10/15 | €292,228 | €296,149 | +€3,921 | +1.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €251,788 | €255,709 | +€3,921 | +1.6% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,958 | €3,958 | = | 0.0% |
| Distributable reserves | 133 | €245,831 | €249,751 | +€3,921 | +1.6% |
| Profit (loss) carried forward | 14 | €20,440 | €20,440 | = | 0.0% |
| Amounts payable | 17/49 | €219,174 | €201,185 | -€17,989 | -8.2% |
| Amounts payable after more than one year | 17 | €183,166 | €169,166 | -€14,000 | -7.6% |
| Financial debts | 170/4 | €183,166 | €169,166 | -€14,000 | -7.6% |
| Amounts payable within one year | 42/48 | €36,008 | €29,836 | -€6,171 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | - | €14,000 | +€14,000 | |
| Financial debts | 43 | €14,000 | €0 | -€14,000 | -100% |
| Credit institutions | 430/8 | €14,000 | €0 | -€14,000 | -100% |
| Trade debts | 44 | €11,618 | €2,148 | -€9,470 | -81.5% |
| Suppliers | 440/4 | €11,618 | €2,148 | -€9,470 | -81.5% |
| Taxes, remuneration and social security | 45 | €10,078 | €8,885 | -€1,193 | -11.8% |
| Taxes | 450/3 | €10,078 | €7,358 | -€2,720 | -27.0% |
| Remuneration and social security | 454/9 | - | €1,527 | +€1,527 | |
| Other amounts payable | 47/48 | €311 | €4,803 | +€4,492 | +1,443% |
| Accrued charges and deferred income | 492/3 | - | €2,182 | +€2,182 | |
| Non-recurring operating income | 76A | €144,227 | - | -€144,227 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,972 | €16,840 | -€5,132 | -23.4% |
| Other operating charges | 640/8 | €3,946 | €1,945 | -€2,001 | -50.7% |
| Gross operating margin | 9900 | €152,922 | €29,314 | -€123,609 | -80.8% |
| Operating profit (loss) | 9901 | €127,004 | €10,529 | -€116,476 | -91.7% |
| Financial income | 75/76B | €870 | €0 | -€870 | -100% |
| Recurring financial income | 75 | €870 | €0 | -€870 | -100% |
| Financial charges | 65/66B | €4,438 | €4,216 | -€222 | -5.0% |
| Recurring financial charges | 65 | €4,438 | €4,216 | -€222 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €123,436 | €6,313 | -€117,124 | -94.9% |
| Income taxes | 67/77 | €40,338 | €2,392 | -€37,946 | -94.1% |
| Profit (loss) for the period | 9904 | €83,098 | €3,921 | -€79,178 | -95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €83,098 | €3,921 | -€79,178 | -95.3% |
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 25 October 2026 via checked.be.