Senses: 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.
Senses
Largest movements
- Receivables within one year -€24,357
down €24,357 (-53.0%), from €45,976 to €21,619
- Cash +€3,433
up €3,433 (+600%), from €572 to €4,005
mainly Net result for the year (+€27,651) and Receivables within one year (+€24,357)
- Profit (loss) carried forward +€27,651
up €27,651 (+8.0%), from -€344,439 to -€316,788
- Other debts -€21,506
down €21,506 (-30.7%), from €69,950 to €48,444
- Short-term financial debts -€18,311
no longer reported in 2025 (was €18,311)
- Tax, wage and social debts -€7,711
down €7,711 (-84.2%), from €9,156 to €1,445
- Trade debts -€889
down €889 (-9.5%), from €9,327 to €8,438
- Staff costs -€99,583
no longer reported in 2025 (was €99,583)
- Gross operating margin -€19,933
down €19,933 (-41.9%), from €47,558 to €27,625
- Financial income -€19,159
down €19,159 (-81.9%), from €23,403 to €4,243
of which Non-recurring financial income: -€19,159
- Depreciation -€2,630
down €2,630 (-52.4%), from €5,019 to €2,389
- Financial charges -€1,113
down €1,113 (-51.1%), from €2,179 to €1,067
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 | €61,946 | €41,180 | -€20,766 | -33.5% |
| Fixed assets | 21/28 | €13,926 | €14,056 | +€130 | +0.9% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €13,926 | €14,056 | +€130 | +0.9% |
| Plant, machinery and equipment | 23 | €1,546 | €2,613 | +€1,066 | +69.0% |
| Furniture and vehicles | 24 | €2,030 | €1,094 | -€936 | -46.1% |
| Other tangible fixed assets | 26 | €10,350 | €10,350 | = | 0.0% |
| Current assets | 29/58 | €48,020 | €27,124 | -€20,896 | -43.5% |
| Amounts receivable within one year | 40/41 | €45,976 | €21,619 | -€24,357 | -53.0% |
| Trade receivables | 40 | €45,976 | €21,619 | -€24,357 | -53.0% |
| Cash at bank and in hand | 54/58 | €572 | €4,005 | +€3,433 | +600% |
| Deferred charges and accrued income | 490/1 | €1,472 | €1,500 | +€28 | +1.9% |
| Total equity and liabilities | 10/49 | €61,946 | €41,180 | -€20,766 | -33.5% |
| Equity | 10/15 | -€44,798 | -€17,147 | +€27,651 | +61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €281,041 | €281,041 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €243,541 | €243,541 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€344,439 | -€316,788 | +€27,651 | +8.0% |
| Amounts payable | 17/49 | €106,744 | €58,327 | -€48,417 | -45.4% |
| Amounts payable within one year | 42/48 | €106,744 | €58,327 | -€48,417 | -45.4% |
| Financial debts | 43 | €18,311 | - | -€18,311 | |
| Credit institutions | 430/8 | €18,311 | - | -€18,311 | |
| Trade debts | 44 | €9,327 | €8,438 | -€889 | -9.5% |
| Suppliers | 440/4 | €9,327 | €8,438 | -€889 | -9.5% |
| Taxes, remuneration and social security | 45 | €9,156 | €1,445 | -€7,711 | -84.2% |
| Taxes | 450/3 | €9,156 | €1,445 | -€7,711 | -84.2% |
| Other amounts payable | 47/48 | €69,950 | €48,444 | -€21,506 | -30.7% |
| Remuneration, social security and pensions | 62 | €99,583 | - | -€99,583 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,019 | €2,389 | -€2,630 | -52.4% |
| Other operating charges | 640/8 | €554 | €467 | -€88 | -15.8% |
| Non-recurring operating charges | 66A | €45,658 | - | -€45,658 | |
| Gross operating margin | 9900 | €47,558 | €27,625 | -€19,933 | -41.9% |
| Operating profit (loss) | 9901 | -€103,256 | €24,770 | +€128,026 | |
| Financial income | 75/76B | €23,403 | €4,243 | -€19,159 | -81.9% |
| Recurring financial income | 75 | €0 | €4,243 | +€4,243 | +8,486,640% |
| Non-recurring financial income | 76B | €23,403 | €4,243 | -€19,159 | -81.9% |
| Financial charges | 65/66B | €2,179 | €1,067 | -€1,113 | -51.1% |
| Recurring financial charges | 65 | €2,179 | €1,067 | -€1,113 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€82,033 | €27,947 | +€109,980 | |
| Income taxes | 67/77 | €554 | €295 | -€259 | -46.7% |
| Profit (loss) for the period | 9904 | -€82,587 | €27,651 | +€110,238 | |
| Profit (loss) for the period to be appropriated | 9905 | -€82,587 | €27,651 | +€110,238 |
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 14 October 2026 via checked.be.