Simon De Meyer: what changed
Two fiscal 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.
Simon De Meyer
Largest movements
- Cash +€54,397
up €54,397 (+179.5%), from €30,304 to €84,701
mainly Net result for the year (+€69,255) and Tax, wage and social debts (+€6,676)
- Tangible fixed assets +€7,605
new in 2025: €7,605
- Receivables within one year +€4,844
up €4,844 (+10.8%), from €44,966 to €49,810
of which Trade receivables: +€12,577
- Profit (loss) carried forward +€69,255
up €69,255 (+162.1%), from €42,733 to €111,988
- Trade debts -€8,992
down €8,992 (-53.0%), from €16,953 to €7,961
- Tax, wage and social debts +€6,676
up €6,676 (+60.9%), from €10,953 to €17,629
- Gross operating margin +€34,866
up €34,866 (+61.7%), from €56,478 to €91,343
- Taxes +€6,534
up €6,534 (+59.7%), from €10,953 to €17,487
- Depreciation +€2,718
new in 2025: €2,718
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 | €75,639 | €142,577 | +€66,938 | +88.5% |
| Fixed assets | 21/28 | - | €7,605 | +€7,605 | |
| Tangible fixed assets | 22/27 | - | €7,605 | +€7,605 | |
| Furniture and vehicles | 24 | - | €7,605 | +€7,605 | |
| Current assets | 29/58 | €75,639 | €134,973 | +€59,334 | +78.4% |
| Amounts receivable within one year | 40/41 | €44,966 | €49,810 | +€4,844 | +10.8% |
| Trade receivables | 40 | €31,891 | €44,468 | +€12,577 | +39.4% |
| Other amounts receivable | 41 | €13,075 | €5,342 | -€7,733 | -59.1% |
| Cash at bank and in hand | 54/58 | €30,304 | €84,701 | +€54,397 | +179.5% |
| Deferred charges and accrued income | 490/1 | €369 | €462 | +€93 | +25.1% |
| Total equity and liabilities | 10/49 | €75,639 | €142,577 | +€66,938 | +88.5% |
| Equity | 10/15 | €47,733 | €116,988 | +€69,255 | +145.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,733 | €111,988 | +€69,255 | +162.1% |
| Amounts payable | 17/49 | €27,906 | €25,590 | -€2,316 | -8.3% |
| Amounts payable within one year | 42/48 | €27,906 | €25,590 | -€2,316 | -8.3% |
| Trade debts | 44 | €16,953 | €7,961 | -€8,992 | -53.0% |
| Suppliers | 440/4 | €16,953 | €7,961 | -€8,992 | -53.0% |
| Taxes, remuneration and social security | 45 | €10,953 | €17,629 | +€6,676 | +60.9% |
| Taxes | 450/3 | €10,953 | €17,629 | +€6,676 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,718 | +€2,718 | |
| Other operating charges | 640/8 | €997 | €726 | -€271 | -27.1% |
| Gross operating margin | 9900 | €56,478 | €91,343 | +€34,866 | +61.7% |
| Operating profit (loss) | 9901 | €55,480 | €87,898 | +€32,418 | +58.4% |
| Financial income | 75/76B | €408 | €492 | +€84 | +20.6% |
| Recurring financial income | 75 | €408 | €492 | +€84 | +20.6% |
| Financial charges | 65/66B | €2,202 | €1,649 | -€553 | -25.1% |
| Recurring financial charges | 65 | €2,202 | €1,649 | -€553 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €53,686 | €86,742 | +€33,055 | +61.6% |
| Income taxes | 67/77 | €10,953 | €17,487 | +€6,534 | +59.7% |
| Profit (loss) for the period | 9904 | €42,733 | €69,255 | +€26,522 | +62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €42,733 | €69,255 | +€26,522 | +62.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.