SEPT 0709: 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.
SEPT 0709
Largest movements
- Cash +€12,418
up €12,418 (+1,242%), from €1,000 to €13,418
mainly Depreciation (+€13,553) and Other debts (+€10,650)
- Tangible fixed assets -€10,914
down €10,914 (-5.0%), from €217,238 to €206,325
of which Land and buildings: -€9,308
- Debts after one year -€13,361
down €13,361 (-9.0%), from €147,895 to €134,534
- Other debts +€10,650
up €10,650 (+10.5%), from €101,509 to €112,159
- Trade debts +€3,505
up €3,505 (+320%), from €1,097 to €4,601
- Profit (loss) carried forward -€2,321
down €2,321 (-4.7%), from -€49,413 to -€51,734
- Gross operating margin +€9,137
up €9,137 (+142%), from €6,450 to €15,588
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 | €219,279 | €220,104 | +€825 | +0.4% |
| Formation expenses | 20 | €266 | €42 | -€224 | -84.3% |
| Fixed assets | 21/28 | €217,238 | €206,325 | -€10,914 | -5.0% |
| Tangible fixed assets | 22/27 | €217,238 | €206,325 | -€10,914 | -5.0% |
| Land and buildings | 22 | €212,159 | €202,851 | -€9,308 | -4.4% |
| Plant, machinery and equipment | 23 | €3,369 | €2,330 | -€1,039 | -30.8% |
| Furniture and vehicles | 24 | €1,711 | €1,144 | -€567 | -33.1% |
| Current assets | 29/58 | €1,775 | €13,738 | +€11,963 | +674% |
| Amounts receivable within one year | 40/41 | €693 | €236 | -€457 | -65.9% |
| Trade receivables | 40 | €264 | €236 | -€28 | -10.6% |
| Other amounts receivable | 41 | €429 | €0 | -€429 | -100% |
| Cash at bank and in hand | 54/58 | €1,000 | €13,418 | +€12,418 | +1,242% |
| Deferred charges and accrued income | 490/1 | €82 | €84 | +€1 | +1.5% |
| Total equity and liabilities | 10/49 | €219,279 | €220,104 | +€825 | +0.4% |
| Equity | 10/15 | -€44,413 | -€46,734 | -€2,321 | -5.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,413 | -€51,734 | -€2,321 | -4.7% |
| Amounts payable | 17/49 | €263,692 | €266,838 | +€3,146 | +1.2% |
| Amounts payable after more than one year | 17 | €147,895 | €134,534 | -€13,361 | -9.0% |
| Financial debts | 170/4 | €147,895 | €134,534 | -€13,361 | -9.0% |
| Amounts payable within one year | 42/48 | €115,797 | €132,304 | +€16,507 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €13,192 | €13,361 | +€169 | +1.3% |
| Trade debts | 44 | €1,097 | €4,601 | +€3,505 | +320% |
| Suppliers | 440/4 | €1,097 | €4,601 | +€3,505 | +320% |
| Taxes, remuneration and social security | 45 | €0 | €2,183 | +€2,183 | |
| Taxes | 450/3 | €0 | €2,183 | +€2,183 | |
| Other amounts payable | 47/48 | €101,509 | €112,159 | +€10,650 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,546 | €13,553 | +€7 | 0.0% |
| Other operating charges | 640/8 | €2,376 | €2,279 | -€97 | -4.1% |
| Gross operating margin | 9900 | €6,450 | €15,588 | +€9,137 | +142% |
| Operating profit (loss) | 9901 | -€9,471 | -€244 | +€9,227 | +97.4% |
| Financial income | 75/76B | €0 | €20 | +€20 | |
| Recurring financial income | 75 | €0 | €20 | +€20 | |
| Financial charges | 65/66B | €2,243 | €2,097 | -€146 | -6.5% |
| Recurring financial charges | 65 | €2,243 | €2,097 | -€146 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,714 | -€2,321 | +€9,393 | +80.2% |
| Profit (loss) for the period | 9904 | -€11,714 | -€2,321 | +€9,393 | +80.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,714 | -€2,321 | +€9,393 | +80.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.