SOLUTIONS: 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.
SOLUTIONS
Largest movements
- Receivables within one year +€52,316
up €52,316 (+73.3%), from €71,388 to €123,704
of which Trade receivables: +€83,288
- Cash -€6,838
down €6,838 (-67.4%), from €10,142 to €3,304
mainly Receivables within one year (-€52,316) and Investment in fixed assets (net) (-€7,468)
- Tangible fixed assets +€2,340
up €2,340 (+23.7%), from €9,857 to €12,197
of which Furniture and vehicles: +€2,664
- Deferred charges and accrued income +€2,338
up €2,338 (+145.7%), from €1,605 to €3,943
- Reserves +€37,415
up €37,415 (+112.0%), from €33,402 to €70,817
of which Distributable reserves: +€37,415
- Trade debts +€18,023
up €18,023 (+120.4%), from €14,965 to €32,988
- Tax, wage and social debts -€5,283
down €5,283 (-20.2%), from €26,166 to €20,883
- Gross operating margin -€30,833
down €30,833 (-31.8%), from €96,998 to €66,165
- Taxes -€5,329
down €5,329 (-20.9%), from €25,497 to €20,168
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 | €93,133 | €143,288 | +€50,156 | +53.9% |
| Fixed assets | 21/28 | €9,998 | €12,338 | +€2,340 | +23.4% |
| Tangible fixed assets | 22/27 | €9,857 | €12,197 | +€2,340 | +23.7% |
| Land and buildings | 22 | €2,653 | €2,329 | -€324 | -12.2% |
| Furniture and vehicles | 24 | €7,205 | €9,868 | +€2,664 | +37.0% |
| Financial fixed assets | 28 | €141 | €141 | = | 0.0% |
| Current assets | 29/58 | €83,134 | €130,950 | +€47,816 | +57.5% |
| Amounts receivable within one year | 40/41 | €71,388 | €123,704 | +€52,316 | +73.3% |
| Trade receivables | 40 | €603 | €83,891 | +€83,288 | +13812.9% |
| Other amounts receivable | 41 | €70,785 | €39,813 | -€30,972 | -43.8% |
| Cash at bank and in hand | 54/58 | €10,142 | €3,304 | -€6,838 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,605 | €3,943 | +€2,338 | +145.7% |
| Total equity and liabilities | 10/49 | €93,133 | €143,288 | +€50,156 | +53.9% |
| Equity | 10/15 | €52,002 | €89,417 | +€37,415 | +72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,402 | €70,817 | +€37,415 | +112.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,542 | €68,957 | +€37,415 | +118.6% |
| Amounts payable | 17/49 | €41,131 | €53,872 | +€12,740 | +31.0% |
| Amounts payable within one year | 42/48 | €41,131 | €53,872 | +€12,740 | +31.0% |
| Trade debts | 44 | €14,965 | €32,988 | +€18,023 | +120.4% |
| Suppliers | 440/4 | €14,965 | €32,988 | +€18,023 | +120.4% |
| Taxes, remuneration and social security | 45 | €26,166 | €20,883 | -€5,283 | -20.2% |
| Taxes | 450/3 | €26,166 | €20,883 | -€5,283 | -20.2% |
| Non-recurring operating income | 76A | - | €2,104 | +€2,104 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,199 | €5,128 | +€929 | +22.1% |
| Other operating charges | 640/8 | €2,667 | €3,333 | +€666 | +25.0% |
| Non-recurring operating charges | 66A | €12,316 | - | -€12,316 | |
| Gross operating margin | 9900 | €96,998 | €66,165 | -€30,833 | -31.8% |
| Operating profit (loss) | 9901 | €77,816 | €57,704 | -€20,113 | -25.8% |
| Financial income | 75/76B | €884 | €190 | -€694 | -78.5% |
| Recurring financial income | 75 | €884 | €190 | -€694 | -78.5% |
| Financial charges | 65/66B | €762 | €311 | -€451 | -59.2% |
| Recurring financial charges | 65 | €762 | €311 | -€451 | -59.2% |
| Profit (loss) for the period before taxes | 9903 | €77,939 | €57,583 | -€20,356 | -26.1% |
| Income taxes | 67/77 | €25,497 | €20,168 | -€5,329 | -20.9% |
| Profit (loss) for the period | 9904 | €52,443 | €37,415 | -€15,027 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €52,443 | €37,415 | -€15,027 | -28.7% |
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 5 October 2026 via checked.be.