SHIFT IN JOY: 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.
SHIFT IN JOY
Largest movements
- Cash -€1,756
down €1,756 (-60.4%), from €2,906 to €1,150
mainly Net result for the year (-€12,948) and Deferred charges and accrued income (-€1,475)
- Deferred charges and accrued income +€1,475
new in 2025: €1,475
- Receivables within one year -€486
down €486 (-5.0%), from €9,640 to €9,154
of which Other amounts receivable: -€537
- Tangible fixed assets -€261
down €261 (-39.2%), from €665 to €404
- Profit (loss) carried forward -€12,948
down €12,948, from €10,018 to -€2,930
- Other debts +€11,676
up €11,676 (+3190.2%), from €366 to €12,042
- Tax, wage and social debts +€244
up €244 (+29.5%), from €827 to €1,071
- Gross operating margin -€11,643
down €11,643, from €584 to -€11,059
- Taxes +€573
up €573 (+774.3%), from €74 to €647
- Depreciation +€142
up €142 (+119.3%), from €119 to €261
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 | €13,211 | €12,183 | -€1,028 | -7.8% |
| Fixed assets | 21/28 | €665 | €404 | -€261 | -39.2% |
| Tangible fixed assets | 22/27 | €665 | €404 | -€261 | -39.2% |
| Furniture and vehicles | 24 | €665 | €404 | -€261 | -39.2% |
| Current assets | 29/58 | €12,546 | €11,779 | -€767 | -6.1% |
| Amounts receivable within one year | 40/41 | €9,640 | €9,154 | -€486 | -5.0% |
| Trade receivables | 40 | €9,103 | €9,154 | +€51 | +0.6% |
| Other amounts receivable | 41 | €537 | - | -€537 | |
| Cash at bank and in hand | 54/58 | €2,906 | €1,150 | -€1,756 | -60.4% |
| Deferred charges and accrued income | 490/1 | - | €1,475 | +€1,475 | |
| Total equity and liabilities | 10/49 | €13,211 | €12,183 | -€1,028 | -7.8% |
| Equity | 10/15 | €12,018 | -€930 | -€12,948 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,018 | -€2,930 | -€12,948 | |
| Amounts payable | 17/49 | €1,193 | €13,113 | +€11,920 | +999.2% |
| Amounts payable within one year | 42/48 | €1,193 | €13,113 | +€11,920 | +999.2% |
| Taxes, remuneration and social security | 45 | €827 | €1,071 | +€244 | +29.5% |
| Taxes | 450/3 | €827 | €1,071 | +€244 | +29.5% |
| Other amounts payable | 47/48 | €366 | €12,042 | +€11,676 | +3190.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119 | €261 | +€142 | +119.3% |
| Other operating charges | 640/8 | €787 | €831 | +€44 | +5.6% |
| Gross operating margin | 9900 | €584 | -€11,059 | -€11,643 | |
| Operating profit (loss) | 9901 | -€322 | -€12,151 | -€11,829 | -3673.6% |
| Financial income | 75/76B | €75 | €2 | -€73 | -97.3% |
| Recurring financial income | 75 | €75 | €2 | -€73 | -97.3% |
| Financial charges | 65/66B | €142 | €152 | +€10 | +7.0% |
| Recurring financial charges | 65 | €142 | €152 | +€10 | +7.0% |
| Profit (loss) for the period before taxes | 9903 | -€389 | -€12,301 | -€11,912 | -3062.2% |
| Income taxes | 67/77 | €74 | €647 | +€573 | +774.3% |
| Profit (loss) for the period | 9904 | -€463 | -€12,948 | -€12,485 | -2696.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€463 | -€12,948 | -€12,485 | -2696.5% |
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 9 October 2026 via checked.be.