SR: 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.
SR
Largest movements
- Tangible fixed assets +€8,051
up €8,051 (+13.0%), from €62,071 to €70,122
of which Plant, machinery and equipment: +€12,909
- Cash +€3,219
up €3,219 (+9.6%), from €33,356 to €36,574
mainly Trade debts (+€36,765) and Net result for the year (+€34,176)
- Other debts -€65,252
down €65,252 (-92.3%), from €70,663 to €5,411
- Trade debts +€36,765
up €36,765 (+239%), from €15,383 to €52,148
- Profit (loss) carried forward +€34,176
up €34,176 (+436%), from €7,841 to €42,018
- Tax, wage and social debts +€6,863
up €6,863 (+43.6%), from €15,730 to €22,593
- Depreciation +€7,710
up €7,710 (+64.8%), from €11,898 to €19,608
- Gross operating margin -€6,937
down €6,937 (-9.4%), from €73,992 to €67,054
- Staff costs +€1,949
new in 2025: €1,949
- Other operating charges -€1,299
down €1,299 (-50.6%), from €2,567 to €1,268
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 | €112,618 | €125,170 | +€12,552 | +11.1% |
| Fixed assets | 21/28 | €68,321 | €76,372 | +€8,051 | +11.8% |
| Tangible fixed assets | 22/27 | €62,071 | €70,122 | +€8,051 | +13.0% |
| Land and buildings | 22 | €7,188 | €12,164 | +€4,976 | +69.2% |
| Plant, machinery and equipment | 23 | €23,858 | €36,767 | +€12,909 | +54.1% |
| Furniture and vehicles | 24 | €31,025 | €21,190 | -€9,835 | -31.7% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €44,297 | €48,798 | +€4,501 | +10.2% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,264 | €7,166 | +€902 | +14.4% |
| Other amounts receivable | 41 | €6,264 | €7,166 | +€902 | +14.4% |
| Cash at bank and in hand | 54/58 | €33,356 | €36,574 | +€3,219 | +9.6% |
| Deferred charges and accrued income | 490/1 | €177 | €558 | +€381 | +215% |
| Total equity and liabilities | 10/49 | €112,618 | €125,170 | +€12,552 | +11.1% |
| Equity | 10/15 | €10,841 | €45,018 | +€34,176 | +315% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,841 | €42,018 | +€34,176 | +436% |
| Amounts payable | 17/49 | €101,776 | €80,152 | -€21,624 | -21.2% |
| Amounts payable within one year | 42/48 | €101,776 | €80,152 | -€21,624 | -21.2% |
| Trade debts | 44 | €15,383 | €52,148 | +€36,765 | +239% |
| Suppliers | 440/4 | €15,383 | €52,148 | +€36,765 | +239% |
| Taxes, remuneration and social security | 45 | €15,730 | €22,593 | +€6,863 | +43.6% |
| Taxes | 450/3 | €15,730 | €22,593 | +€6,863 | +43.6% |
| Other amounts payable | 47/48 | €70,663 | €5,411 | -€65,252 | -92.3% |
| Remuneration, social security and pensions | 62 | - | €1,949 | +€1,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €19,608 | +€7,710 | +64.8% |
| Other operating charges | 640/8 | €2,567 | €1,268 | -€1,299 | -50.6% |
| Gross operating margin | 9900 | €73,992 | €67,054 | -€6,937 | -9.4% |
| Operating profit (loss) | 9901 | €59,526 | €44,229 | -€15,298 | -25.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.9% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.9% |
| Financial charges | 65/66B | €101 | €512 | +€412 | +409% |
| Recurring financial charges | 65 | €101 | €512 | +€412 | +409% |
| Profit (loss) for the period before taxes | 9903 | €59,431 | €43,717 | -€15,714 | -26.4% |
| Income taxes | 67/77 | €9,000 | €9,540 | +€540 | +6.0% |
| Profit (loss) for the period | 9904 | €50,431 | €34,176 | -€16,255 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,431 | €34,176 | -€16,255 | -32.2% |
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 14 October 2026 via checked.be.