SEPTEMBER: 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.
SEPTEMBER
Largest movements
- Cash -€20,639
down €20,639 (-47.3%), from €43,641 to €23,003
mainly Investment in fixed assets (net) (-€17,370) and Receivables within one year (-€13,442)
- Receivables within one year +€13,442
up €13,442 (+42.6%), from €31,575 to €45,017
of which Trade receivables: +€13,425
- Tangible fixed assets +€11,823
up €11,823 (+394.2%), from €2,999 to €14,822
- Tax, wage and social debts +€7,010
up €7,010 (+54.4%), from €12,880 to €19,890
- Trade debts -€3,653
down €3,653 (-82.6%), from €4,423 to €770
- Profit (loss) carried forward +€3,050
up €3,050 (+8.5%), from €35,855 to €38,905
- Short-term financial debts -€1,347
down €1,347 (-42.7%), from €3,155 to €1,808
- Other debts -€1,247
down €1,247 (-6.3%), from €19,859 to €18,612
- Gross operating margin -€36,065
down €36,065 (-71.3%), from €50,587 to €14,522
- Taxes -€7,611
down €7,611 (-72.7%), from €10,465 to €2,855
- Depreciation +€4,279
up €4,279 (+337.4%), from €1,268 to €5,547
- Other operating charges +€730
up €730 (+618.8%), from €118 to €848
- Financial charges -€659
down €659 (-32.2%), from €2,048 to €1,389
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 | €78,215 | €83,273 | +€5,059 | +6.5% |
| Fixed assets | 21/28 | €2,999 | €14,822 | +€11,823 | +394.2% |
| Tangible fixed assets | 22/27 | €2,999 | €14,822 | +€11,823 | +394.2% |
| Furniture and vehicles | 24 | €2,999 | €14,822 | +€11,823 | +394.2% |
| Current assets | 29/58 | €75,216 | €68,452 | -€6,764 | -9.0% |
| Amounts receivable within one year | 40/41 | €31,575 | €45,017 | +€13,442 | +42.6% |
| Trade receivables | 40 | €31,575 | €45,000 | +€13,425 | +42.5% |
| Other amounts receivable | 41 | - | €17 | +€17 | |
| Cash at bank and in hand | 54/58 | €43,641 | €23,003 | -€20,639 | -47.3% |
| Deferred charges and accrued income | 490/1 | - | €432 | +€432 | |
| Total equity and liabilities | 10/49 | €78,215 | €83,273 | +€5,059 | +6.5% |
| Equity | 10/15 | €35,855 | €38,905 | +€3,050 | +8.5% |
| Profit (loss) carried forward | 14 | €35,855 | €38,905 | +€3,050 | +8.5% |
| Amounts payable | 17/49 | €42,360 | €44,368 | +€2,009 | +4.7% |
| Amounts payable within one year | 42/48 | €40,317 | €41,080 | +€763 | +1.9% |
| Financial debts | 43 | €3,155 | €1,808 | -€1,347 | -42.7% |
| Credit institutions | 430/8 | €3,155 | €1,808 | -€1,347 | -42.7% |
| Trade debts | 44 | €4,423 | €770 | -€3,653 | -82.6% |
| Suppliers | 440/4 | €4,423 | €770 | -€3,653 | -82.6% |
| Taxes, remuneration and social security | 45 | €12,880 | €19,890 | +€7,010 | +54.4% |
| Taxes | 450/3 | €12,880 | €19,890 | +€7,010 | +54.4% |
| Other amounts payable | 47/48 | €19,859 | €18,612 | -€1,247 | -6.3% |
| Accrued charges and deferred income | 492/3 | €2,043 | €3,289 | +€1,246 | +61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,268 | €5,547 | +€4,279 | +337.4% |
| Other operating charges | 640/8 | €118 | €848 | +€730 | +618.8% |
| Gross operating margin | 9900 | €50,587 | €14,522 | -€36,065 | -71.3% |
| Operating profit (loss) | 9901 | €49,201 | €8,127 | -€41,074 | -83.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,048 | €1,389 | -€659 | -32.2% |
| Recurring financial charges | 65 | €2,048 | €1,389 | -€659 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €47,153 | €6,738 | -€40,416 | -85.7% |
| Income taxes | 67/77 | €10,465 | €2,855 | -€7,611 | -72.7% |
| Profit (loss) for the period | 9904 | €36,688 | €3,883 | -€32,805 | -89.4% |
| Profit (loss) for the period to be appropriated | 9905 | €36,688 | €3,883 | -€32,805 | -89.4% |
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 9 October 2026 via checked.be.