Summits: what changed
Two fiscal 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.
Summits
Largest movements
- Receivables within one year +€170,159
up €170,159 (+130.2%), from €130,737 to €300,896
of which Other amounts receivable: +€183,232
- Tangible fixed assets -€19,244
down €19,244 (-3.2%), from €600,364 to €581,120
of which Land and buildings: -€17,407
- Cash +€14,038
up €14,038 (+136.6%), from €10,275 to €24,313
mainly Other debts (+€285,075) and Net result for the year (+€24,245)
- Other debts +€285,075
up €285,075 (+177.1%), from €160,933 to €446,008
- Reserves -€56,655
down €56,655 (-22.0%), from €257,138 to €200,484
- Tax, wage and social debts -€35,993
down €35,993 (-72.7%), from €49,531 to €13,538
of which Taxes: -€36,015
- Debts after one year -€31,711
down €31,711 (-15.7%), from €201,547 to €169,836
- Financial charges +€57,628
up €57,628 (+330.7%), from €17,424 to €75,053
- Gross operating margin +€33,855
up €33,855 (+27.2%), from €124,371 to €158,225
- Write-downs +€9,826
new in 2025: €9,826
- Taxes -€7,948
down €7,948 (-41.4%), from €19,216 to €11,269
- Financial income +€2,597
new in 2025: €2,597
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.
Cash bridge derived
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 | €748,432 | €912,877 | +€164,445 | +22.0% |
| Fixed assets | 21/28 | €600,364 | €581,120 | -€19,244 | -3.2% |
| Tangible fixed assets | 22/27 | €600,364 | €581,120 | -€19,244 | -3.2% |
| Land and buildings | 22 | €590,306 | €572,899 | -€17,407 | -2.9% |
| Plant, machinery and equipment | 23 | €2,825 | €3,306 | +€480 | +17.0% |
| Furniture and vehicles | 24 | €7,233 | €4,915 | -€2,318 | -32.0% |
| Current assets | 29/58 | €148,068 | €331,757 | +€183,689 | +124.1% |
| Amounts receivable within one year | 40/41 | €130,737 | €300,896 | +€170,159 | +130.2% |
| Trade receivables | 40 | €41,738 | €28,666 | -€13,073 | -31.3% |
| Other amounts receivable | 41 | €88,999 | €272,230 | +€183,232 | +205.9% |
| Cash at bank and in hand | 54/58 | €10,275 | €24,313 | +€14,038 | +136.6% |
| Deferred charges and accrued income | 490/1 | €7,056 | €6,548 | -€508 | -7.2% |
| Total equity and liabilities | 10/49 | €748,432 | €912,877 | +€164,445 | +22.0% |
| Equity | 10/15 | €269,538 | €212,884 | -€56,655 | -21.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €257,138 | €200,484 | -€56,655 | -22.0% |
| Distributable reserves | 133 | €257,138 | €200,484 | -€56,655 | -22.0% |
| Amounts payable | 17/49 | €478,894 | €699,994 | +€221,100 | +46.2% |
| Amounts payable after more than one year | 17 | €201,547 | €169,836 | -€31,711 | -15.7% |
| Financial debts | 170/4 | €201,547 | €169,836 | -€31,711 | -15.7% |
| Amounts payable within one year | 42/48 | €266,504 | €511,305 | +€244,801 | +91.9% |
| Current portion of amounts payable after more than one year | 42 | €31,576 | €31,711 | +€135 | +0.4% |
| Trade debts | 44 | €24,463 | €20,048 | -€4,415 | -18.0% |
| Suppliers | 440/4 | €24,463 | €20,048 | -€4,415 | -18.0% |
| Taxes, remuneration and social security | 45 | €49,531 | €13,538 | -€35,993 | -72.7% |
| Taxes | 450/3 | €46,115 | €10,100 | -€36,015 | -78.1% |
| Remuneration and social security | 454/9 | €3,416 | €3,438 | +€21 | +0.6% |
| Other amounts payable | 47/48 | €160,933 | €446,008 | +€285,075 | +177.1% |
| Accrued charges and deferred income | 492/3 | €10,844 | €18,853 | +€8,009 | +73.9% |
| Remuneration, social security and pensions | 62 | €17,696 | €16,110 | -€1,586 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,397 | €21,244 | -€1,153 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €9,826 | +€9,826 | |
| Other operating charges | 640/8 | €3,840 | €3,075 | -€765 | -19.9% |
| Gross operating margin | 9900 | €124,371 | €158,225 | +€33,855 | +27.2% |
| Operating profit (loss) | 9901 | €80,438 | €107,970 | +€27,532 | +34.2% |
| Financial income | 75/76B | - | €2,597 | +€2,597 | |
| Recurring financial income | 75 | - | €2,597 | +€2,597 | |
| Financial charges | 65/66B | €17,424 | €75,053 | +€57,628 | +330.7% |
| Recurring financial charges | 65 | €17,424 | €75,053 | +€57,628 | +330.7% |
| Profit (loss) for the period before taxes | 9903 | €63,013 | €35,514 | -€27,499 | -43.6% |
| Income taxes | 67/77 | €19,216 | €11,269 | -€7,948 | -41.4% |
| Profit (loss) for the period | 9904 | €43,797 | €24,245 | -€19,551 | -44.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,797 | €24,245 | -€19,551 | -44.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.