STRUKTURED-INSTRUKTED: 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.
STRUKTURED-INSTRUKTED
Largest movements
- Receivables within one year -€111,998
down €111,998 (-68.7%), from €163,060 to €51,062
of which Trade receivables: -€74,342
- Cash +€47,659
up €47,659 (+49.8%), from €95,749 to €143,408
mainly Receivables within one year (+€111,998) and Net result for the year (+€49,812)
- Tangible fixed assets -€17,986
down €17,986 (-85.1%), from €21,132 to €3,146
of which Furniture and vehicles: -€14,505
- Other debts -€106,069
down €106,069 (-88.2%), from €120,318 to €14,249
- Reserves +€49,812
up €49,812 (+56.1%), from €88,866 to €138,678
- Tax, wage and social debts -€22,853
down €22,853 (-35.2%), from €64,870 to €42,017
of which Taxes: -€24,853
- Accrued charges and deferred income -€3,693
no longer reported in 2025 (was €3,693)
- Gross operating margin -€81,254
down €81,254 (-46.4%), from €174,996 to €93,742
- Taxes -€12,301
down €12,301 (-36.5%), from €33,678 to €21,378
- Other operating charges +€3,642
up €3,642 (+5,708%), from €64 to €3,706
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 | €280,018 | €197,631 | -€82,387 | -29.4% |
| Fixed assets | 21/28 | €21,210 | €3,161 | -€18,049 | -85.1% |
| Intangible fixed assets | 21 | €78 | €16 | -€62 | -80.0% |
| Tangible fixed assets | 22/27 | €21,132 | €3,146 | -€17,986 | -85.1% |
| Plant, machinery and equipment | 23 | €4,951 | €1,471 | -€3,481 | -70.3% |
| Furniture and vehicles | 24 | €16,180 | €1,675 | -€14,505 | -89.6% |
| Current assets | 29/58 | €258,809 | €194,470 | -€64,338 | -24.9% |
| Amounts receivable within one year | 40/41 | €163,060 | €51,062 | -€111,998 | -68.7% |
| Trade receivables | 40 | €125,404 | €51,062 | -€74,342 | -59.3% |
| Other amounts receivable | 41 | €37,655 | - | -€37,655 | |
| Cash at bank and in hand | 54/58 | €95,749 | €143,408 | +€47,659 | +49.8% |
| Total equity and liabilities | 10/49 | €280,018 | €197,631 | -€82,387 | -29.4% |
| Equity | 10/15 | €90,866 | €140,678 | +€49,812 | +54.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €88,866 | €138,678 | +€49,812 | +56.1% |
| Distributable reserves | 133 | €88,866 | €138,678 | +€49,812 | +56.1% |
| Amounts payable | 17/49 | €189,152 | €56,954 | -€132,199 | -69.9% |
| Amounts payable within one year | 42/48 | €185,460 | €56,954 | -€128,506 | -69.3% |
| Trade debts | 44 | €272 | €688 | +€416 | +153% |
| Suppliers | 440/4 | €272 | €688 | +€416 | +153% |
| Taxes, remuneration and social security | 45 | €64,870 | €42,017 | -€22,853 | -35.2% |
| Taxes | 450/3 | €62,870 | €38,017 | -€24,853 | -39.5% |
| Remuneration and social security | 454/9 | €2,000 | €4,000 | +€2,000 | +100% |
| Other amounts payable | 47/48 | €120,318 | €14,249 | -€106,069 | -88.2% |
| Accrued charges and deferred income | 492/3 | €3,693 | - | -€3,693 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,119 | €19,634 | -€1,485 | -7.0% |
| Other operating charges | 640/8 | €64 | €3,706 | +€3,642 | +5,708% |
| Non-recurring operating charges | 66A | - | €191 | +€191 | |
| Gross operating margin | 9900 | €174,996 | €93,742 | -€81,254 | -46.4% |
| Operating profit (loss) | 9901 | €153,813 | €70,212 | -€83,602 | -54.4% |
| Financial income | 75/76B | €880 | €1,705 | +€825 | +93.7% |
| Recurring financial income | 75 | €880 | €1,705 | +€825 | +93.7% |
| Financial charges | 65/66B | €697 | €727 | +€31 | +4.4% |
| Recurring financial charges | 65 | €697 | €727 | +€31 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €153,996 | €71,189 | -€82,807 | -53.8% |
| Income taxes | 67/77 | €33,678 | €21,378 | -€12,301 | -36.5% |
| Profit (loss) for the period | 9904 | €120,318 | €49,812 | -€70,507 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €120,318 | €49,812 | -€70,507 | -58.6% |
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 26 October 2026 via checked.be.