SO CLOSE: what changed
SO CLOSE
Largest movements
- Receivables within one year -€8,035
no longer reported in 2025 (was €8,035)
- Tangible fixed assets -€518
down €518 (-24.2%), from €2,144 to €1,626
of which Furniture and vehicles: -€407
- Cash +€300
up €300 (+3.2%), from €9,489 to €9,789
mainly Receivables within one year (+€8,035) and Depreciation (+€518)
- Tax, wage and social debts -€3,676
down €3,676 (-49.2%), from €7,465 to €3,789
of which Taxes: -€3,247
- Accrued charges and deferred income -€2,275
no longer reported in 2025 (was €2,275)
- Profit (loss) carried forward -€1,422
down €1,422 (-31.4%), from €4,532 to €3,110
- Other debts -€1,397
no longer reported in 2025 (was €1,397)
- Trade debts +€516
new in 2025: €516
- Gross operating margin -€6,238
down €6,238 (-66.2%), from €9,421 to €3,184
- Financial charges +€1,274
up €1,274 (+74.8%), from €1,703 to €2,977
- Taxes -€1,054
down €1,054 (-63.0%), from €1,672 to €618
- Depreciation -€870
down €870 (-62.7%), from €1,388 to €518
- Other operating charges +€365
up €365 (+290%), from €126 to €492
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,669 | €11,415 | -€8,254 | -42.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €2,144 | €1,626 | -€518 | -24.2% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €2,144 | €1,626 | -€518 | -24.2% |
| Plant, machinery and equipment | 23 | €328 | €217 | -€112 | -34.0% |
| Furniture and vehicles | 24 | €1,816 | €1,409 | -€407 | -22.4% |
| Current assets | 29/58 | €17,525 | €9,789 | -€7,736 | -44.1% |
| Amounts receivable within one year | 40/41 | €8,035 | - | -€8,035 | |
| Trade receivables | 40 | €8,035 | - | -€8,035 | |
| Cash at bank and in hand | 54/58 | €9,489 | €9,789 | +€300 | +3.2% |
| Total equity and liabilities | 10/49 | €19,669 | €11,415 | -€8,254 | -42.0% |
| Equity | 10/15 | €8,532 | €7,110 | -€1,422 | -16.7% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,532 | €3,110 | -€1,422 | -31.4% |
| Amounts payable | 17/49 | €11,137 | €4,305 | -€6,832 | -61.3% |
| Amounts payable within one year | 42/48 | €8,862 | €4,305 | -€4,557 | -51.4% |
| Trade debts | 44 | - | €516 | +€516 | |
| Suppliers | 440/4 | - | €516 | +€516 | |
| Taxes, remuneration and social security | 45 | €7,465 | €3,789 | -€3,676 | -49.2% |
| Taxes | 450/3 | €6,589 | €3,341 | -€3,247 | -49.3% |
| Remuneration and social security | 454/9 | €877 | €448 | -€429 | -48.9% |
| Other amounts payable | 47/48 | €1,397 | - | -€1,397 | |
| Accrued charges and deferred income | 492/3 | €2,275 | - | -€2,275 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,388 | €518 | -€870 | -62.7% |
| Other operating charges | 640/8 | €126 | €492 | +€365 | +290% |
| Gross operating margin | 9900 | €9,421 | €3,184 | -€6,238 | -66.2% |
| Operating profit (loss) | 9901 | €7,907 | €2,174 | -€5,733 | -72.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,703 | €2,977 | +€1,274 | +74.8% |
| Recurring financial charges | 65 | €1,703 | €2,977 | +€1,274 | +74.8% |
| Profit (loss) for the period before taxes | 9903 | €6,203 | -€804 | -€7,007 | |
| Income taxes | 67/77 | €1,672 | €618 | -€1,054 | -63.0% |
| Profit (loss) for the period | 9904 | €4,532 | -€1,422 | -€5,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,532 | -€1,422 | -€5,954 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.