STUDIO ABSTRACT: 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.
STUDIO ABSTRACT
Largest movements
- Tangible fixed assets -€252,051
down €252,051 (-78.7%), from €320,462 to €68,411
of which Land and buildings: -€240,829
- Cash +€63,803
up €63,803 (+91,147,171%), from €0 to €63,803
mainly Investment in fixed assets (net) (+€232,660) and Net result for the year (+€39,778)
- Stocks and contracts -€32,021
down €32,021 (-36.2%), from €88,430 to €56,409
of which Contracts in progress: -€21,500
- Receivables within one year +€7,506
up €7,506 (+345%), from €2,177 to €9,683
of which Trade receivables: +€9,683
- Debts after one year -€161,701
no longer reported in 2025 (was €161,701)
- Trade debts -€62,763
down €62,763 (-95.3%), from €65,849 to €3,086
- Profit (loss) carried forward +€39,778
up €39,778 (+492%), from €8,077 to €47,855
- Current portion of long-term debt -€16,027
down €16,027 (-41.6%), from €38,512 to €22,486
- Other debts -€6,508
down €6,508 (-6.1%), from €106,927 to €100,419
- Gross operating margin +€53,579
up €53,579 (+186%), from €28,859 to €82,438
- Taxes +€11,379
up €11,379, from -€1,127 to €10,252
- Financial charges +€6,602
up €6,602 (+160%), from €4,115 to €10,718
- Depreciation -€2,762
down €2,762 (-12.5%), from €22,152 to €19,390
- Other operating charges +€1,267
up €1,267 (+121%), from €1,049 to €2,316
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 | €411,196 | €198,433 | -€212,763 | -51.7% |
| Fixed assets | 21/28 | €320,589 | €68,538 | -€252,051 | -78.6% |
| Tangible fixed assets | 22/27 | €320,462 | €68,411 | -€252,051 | -78.7% |
| Land and buildings | 22 | €265,670 | €24,841 | -€240,829 | -90.6% |
| Plant, machinery and equipment | 23 | €51,043 | €41,215 | -€9,828 | -19.3% |
| Furniture and vehicles | 24 | €3,240 | €1,974 | -€1,266 | -39.1% |
| Other tangible fixed assets | 26 | €508 | €381 | -€127 | -25.0% |
| Financial fixed assets | 28 | €127 | €127 | = | 0.0% |
| Current assets | 29/58 | €90,608 | €129,895 | +€39,287 | +43.4% |
| Stocks and contracts in progress | 3 | €88,430 | €56,409 | -€32,021 | -36.2% |
| Stocks | 30/36 | €26,768 | €16,247 | -€10,521 | -39.3% |
| Contracts in progress | 37 | €61,662 | €40,162 | -€21,500 | -34.9% |
| Amounts receivable within one year | 40/41 | €2,177 | €9,683 | +€7,506 | +345% |
| Trade receivables | 40 | - | €9,683 | +€9,683 | |
| Other amounts receivable | 41 | €2,177 | - | -€2,177 | |
| Cash at bank and in hand | 54/58 | €0 | €63,803 | +€63,803 | +91,147,171% |
| Total equity and liabilities | 10/49 | €411,196 | €198,433 | -€212,763 | -51.7% |
| Equity | 10/15 | €31,577 | €71,355 | +€39,778 | +126% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €22,000 | €22,000 | = | 0.0% |
| Distributable reserves | 133 | €22,000 | €22,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,077 | €47,855 | +€39,778 | +492% |
| Amounts payable | 17/49 | €379,619 | €127,078 | -€252,541 | -66.5% |
| Amounts payable after more than one year | 17 | €161,701 | - | -€161,701 | |
| Financial debts | 170/4 | €161,701 | - | -€161,701 | |
| Amounts payable within one year | 42/48 | €217,918 | €127,078 | -€90,840 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €38,512 | €22,486 | -€16,027 | -41.6% |
| Financial debts | 43 | €5,730 | €163 | -€5,567 | -97.2% |
| Credit institutions | 430/8 | €5,730 | €163 | -€5,567 | -97.2% |
| Trade debts | 44 | €65,849 | €3,086 | -€62,763 | -95.3% |
| Suppliers | 440/4 | €65,849 | €3,086 | -€62,763 | -95.3% |
| Taxes, remuneration and social security | 45 | €900 | €924 | +€24 | +2.7% |
| Taxes | 450/3 | €900 | €924 | +€24 | +2.7% |
| Other amounts payable | 47/48 | €106,927 | €100,419 | -€6,508 | -6.1% |
| Non-recurring operating income | 76A | - | €119,869 | +€119,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,152 | €19,390 | -€2,762 | -12.5% |
| Other operating charges | 640/8 | €1,049 | €2,316 | +€1,267 | +121% |
| Gross operating margin | 9900 | €28,859 | €82,438 | +€53,579 | +186% |
| Operating profit (loss) | 9901 | €5,657 | €60,732 | +€55,074 | +973% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €4,115 | €10,718 | +€6,602 | +160% |
| Recurring financial charges | 65 | €4,115 | €10,718 | +€6,602 | +160% |
| Profit (loss) for the period before taxes | 9903 | €1,542 | €50,030 | +€48,488 | +3,144% |
| Income taxes | 67/77 | -€1,127 | €10,252 | +€11,379 | |
| Profit (loss) for the period | 9904 | €2,669 | €39,778 | +€37,109 | +1,390% |
| Profit (loss) for the period to be appropriated | 9905 | €2,669 | €39,778 | +€37,109 | +1,390% |
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 17 October 2026 via checked.be.