SPEAKING: 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.
SPEAKING
Largest movements
- Receivables within one year +€14,251
up €14,251 (+90.9%), from €15,681 to €29,932
of which Other amounts receivable: +€9,815
- Tangible fixed assets -€11,439
down €11,439 (-7.6%), from €150,737 to €139,297
of which Land and buildings: -€8,556
- Cash -€8,819
down €8,819 (-24.9%), from €35,411 to €26,592
mainly Receivables within one year (-€14,251) and Investment in fixed assets (net) (-€7,759)
- Debts after one year -€5,327
down €5,327 (-70.0%), from €7,613 to €2,286
- Reserves -€2,911
down €2,911 (-1.6%), from €178,847 to €175,937
- Trade debts +€2,419
up €2,419 (+523%), from €463 to €2,882
- Other operating charges -€3,258
down €3,258 (-85.6%), from €3,806 to €548
- Gross operating margin -€1,010
down €1,010 (-5.2%), from €19,498 to €18,488
- Depreciation -€935
down €935 (-4.6%), from €20,134 to €19,199
- Taxes +€898
up €898 (+1,012%), from €89 to €986
- Financial charges +€291
up €291 (+49.0%), from €594 to €886
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.
Derived cash bridge
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 | €205,317 | €199,310 | -€6,007 | -2.9% |
| Fixed assets | 21/28 | €150,737 | €139,297 | -€11,439 | -7.6% |
| Tangible fixed assets | 22/27 | €150,737 | €139,297 | -€11,439 | -7.6% |
| Land and buildings | 22 | €126,350 | €117,794 | -€8,556 | -6.8% |
| Plant, machinery and equipment | 23 | €7,589 | €6,193 | -€1,396 | -18.4% |
| Furniture and vehicles | 24 | €16,798 | €15,310 | -€1,488 | -8.9% |
| Current assets | 29/58 | €54,580 | €60,013 | +€5,433 | +10.0% |
| Stocks and contracts in progress | 3 | €3,489 | €3,489 | = | 0.0% |
| Stocks | 30/36 | €3,489 | €3,489 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,681 | €29,932 | +€14,251 | +90.9% |
| Trade receivables | 40 | €12,539 | €16,976 | +€4,436 | +35.4% |
| Other amounts receivable | 41 | €3,142 | €12,956 | +€9,815 | +312% |
| Cash at bank and in hand | 54/58 | €35,411 | €26,592 | -€8,819 | -24.9% |
| Total equity and liabilities | 10/49 | €205,317 | €199,310 | -€6,007 | -2.9% |
| Equity | 10/15 | €191,242 | €188,331 | -€2,911 | -1.5% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €178,847 | €175,937 | -€2,911 | -1.6% |
| Distributable reserves | 133 | €178,847 | €175,937 | -€2,911 | -1.6% |
| Amounts payable | 17/49 | €14,075 | €10,979 | -€3,096 | -22.0% |
| Amounts payable after more than one year | 17 | €7,613 | €2,286 | -€5,327 | -70.0% |
| Financial debts | 170/4 | €7,613 | €2,286 | -€5,327 | -70.0% |
| Amounts payable within one year | 42/48 | €5,801 | €8,209 | +€2,408 | +41.5% |
| Current portion of amounts payable after more than one year | 42 | €4,832 | €5,327 | +€496 | +10.3% |
| Trade debts | 44 | €463 | €2,882 | +€2,419 | +523% |
| Suppliers | 440/4 | €463 | €2,882 | +€2,419 | +523% |
| Taxes, remuneration and social security | 45 | €507 | - | -€507 | |
| Taxes | 450/3 | €507 | - | -€507 | |
| Accrued charges and deferred income | 492/3 | €661 | €484 | -€177 | -26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,134 | €19,199 | -€935 | -4.6% |
| Other operating charges | 640/8 | €3,806 | €548 | -€3,258 | -85.6% |
| Gross operating margin | 9900 | €19,498 | €18,488 | -€1,010 | -5.2% |
| Operating profit (loss) | 9901 | -€4,442 | -€1,259 | +€3,183 | +71.7% |
| Financial income | 75/76B | €239 | €220 | -€19 | -8.0% |
| Recurring financial income | 75 | €239 | €220 | -€19 | -8.0% |
| Financial charges | 65/66B | €594 | €886 | +€291 | +49.0% |
| Recurring financial charges | 65 | €594 | €886 | +€291 | +49.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,797 | -€1,925 | +€2,873 | +59.9% |
| Income taxes | 67/77 | €89 | €986 | +€898 | +1,012% |
| Profit (loss) for the period | 9904 | -€4,886 | -€2,911 | +€1,975 | +40.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,886 | -€2,911 | +€1,975 | +40.4% |
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 16 October 2026 via checked.be.