STRUKTOREG: 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.
STRUKTOREG
Largest movements
- Cash +€364,224
up €364,224 (+233%), from €156,243 to €520,467
mainly Debts after one year (+€363,333) and Receivables within one year (+€182,871)
- Receivables within one year -€182,871
down €182,871 (-70.3%), from €260,244 to €77,373
of which Trade receivables: -€181,144
- Tangible fixed assets +€136,232
up €136,232 (+10.8%), from €1.3m to €1.4m
of which Land and buildings: +€468,503
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Debts after one year +€363,333
up €363,333 (+76.2%), from €476,666 to €839,999
- Trade debts -€226,728
down €226,728 (-26.9%), from €842,149 to €615,421
- Reserves +€69,119
up €69,119 (+19.9%), from €347,536 to €416,655
of which Distributable reserves: +€69,119
- Gross operating margin +€108,385
up €108,385 (+19.0%), from €569,506 to €677,891
- Staff costs +€51,949
up €51,949 (+12.1%), from €430,021 to €481,969
- Depreciation +€21,019
up €21,019 (+34.7%), from €60,487 to €81,506
- Taxes +€7,017
up €7,017 (+33.6%), from €20,881 to €27,898
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 | €1,784,248 | €2,003,910 | +€219,662 | +12.3% |
| Fixed assets | 21/28 | €1,264,770 | €1,403,040 | +€138,271 | +10.9% |
| Intangible fixed assets | 21 | €652 | €2,690 | +€2,038 | +313% |
| Tangible fixed assets | 22/27 | €1,262,588 | €1,398,820 | +€136,232 | +10.8% |
| Land and buildings | 22 | €912,757 | €1,381,260 | +€468,503 | +51.3% |
| Plant, machinery and equipment | 23 | €338,333 | €0 | -€338,333 | -100% |
| Furniture and vehicles | 24 | €11,497 | €17,560 | +€6,063 | +52.7% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €519,478 | €600,870 | +€81,392 | +15.7% |
| Amounts receivable within one year | 40/41 | €260,244 | €77,373 | -€182,871 | -70.3% |
| Trade receivables | 40 | €253,001 | €71,857 | -€181,144 | -71.6% |
| Other amounts receivable | 41 | €7,243 | €5,516 | -€1,727 | -23.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €156,243 | €520,467 | +€364,224 | +233% |
| Deferred charges and accrued income | 490/1 | €2,991 | €3,030 | +€39 | +1.3% |
| Total equity and liabilities | 10/49 | €1,784,248 | €2,003,910 | +€219,662 | +12.3% |
| Equity | 10/15 | €409,536 | €478,655 | +€69,119 | +16.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €347,536 | €416,655 | +€69,119 | +19.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €341,336 | €410,455 | +€69,119 | +20.2% |
| Amounts payable | 17/49 | €1,374,712 | €1,525,255 | +€150,543 | +11.0% |
| Amounts payable after more than one year | 17 | €476,666 | €839,999 | +€363,333 | +76.2% |
| Financial debts | 170/4 | €476,666 | €839,999 | +€363,333 | +76.2% |
| Amounts payable within one year | 42/48 | €898,046 | €679,873 | -€218,173 | -24.3% |
| Trade debts | 44 | €842,149 | €615,421 | -€226,728 | -26.9% |
| Suppliers | 440/4 | €842,149 | €615,421 | -€226,728 | -26.9% |
| Taxes, remuneration and social security | 45 | €55,896 | €64,452 | +€8,556 | +15.3% |
| Taxes | 450/3 | €0 | €1,898 | +€1,898 | |
| Remuneration and social security | 454/9 | €55,896 | €62,554 | +€6,658 | +11.9% |
| Accrued charges and deferred income | 492/3 | €0 | €5,383 | +€5,383 | |
| Remuneration, social security and pensions | 62 | €430,021 | €481,969 | +€51,949 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,487 | €81,506 | +€21,019 | +34.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,130 | +€1,130 | |
| Other operating charges | 640/8 | €997 | €7,048 | +€6,051 | +607% |
| Gross operating margin | 9900 | €569,506 | €677,891 | +€108,385 | +19.0% |
| Operating profit (loss) | 9901 | €78,001 | €106,237 | +€28,237 | +36.2% |
| Financial income | 75/76B | €841 | €332 | -€509 | -60.5% |
| Recurring financial income | 75 | €841 | €332 | -€509 | -60.5% |
| Financial charges | 65/66B | €11,273 | €9,552 | -€1,720 | -15.3% |
| Recurring financial charges | 65 | €11,273 | €9,552 | -€1,720 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €67,569 | €97,017 | +€29,448 | +43.6% |
| Income taxes | 67/77 | €20,881 | €27,898 | +€7,017 | +33.6% |
| Profit (loss) for the period | 9904 | €46,688 | €69,119 | +€22,431 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,688 | €69,119 | +€22,431 | +48.0% |
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.