SYSTEMS AND NETWORK KEY: 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.
SYSTEMS AND NETWORK KEY
Largest movements
- Stocks and contracts -€53,630
down €53,630 (-91.8%), from €58,430 to €4,800
- Cash +€46,432
up €46,432 (+1,211%), from €3,835 to €50,267
mainly Net result for the year (+€135,937) and Stocks and contracts (+€53,630)
- Receivables within one year +€28,027
up €28,027 (+37.6%), from €74,584 to €102,612
of which Trade receivables: +€28,774
- Tangible fixed assets -€4,994
down €4,994 (-59.3%), from €8,428 to €3,434
of which Land and buildings: -€8,428
- Profit (loss) carried forward +€135,937
up €135,937 (+73.0%), from -€186,296 to -€50,359
- Debts after one year -€122,000
no longer reported in 2025 (was €122,000)
- Other debts -€42,596
down €42,596 (-42.8%), from €99,546 to €56,950
- Tax, wage and social debts +€35,501
up €35,501 (+14,592%), from €243 to €35,745
- Trade debts +€8,459
up €8,459 (+260%), from €3,250 to €11,709
- Gross operating margin +€220,796
up €220,796 (+1,230%), from €17,948 to €238,744
- Other operating charges -€163,974
down €163,974 (-94.3%), from €173,879 to €9,904
- Taxes +€35,759
up €35,759 (+8,372%), from €427 to €36,186
- Write-downs +€19,927
up €19,927 (+58.0%), from €34,340 to €54,267
- Financial charges -€12,965
down €12,965 (-91.3%), from €14,206 to €1,241
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 | €146,725 | €162,026 | +€15,301 | +10.4% |
| Fixed assets | 21/28 | €8,428 | €3,434 | -€4,994 | -59.3% |
| Tangible fixed assets | 22/27 | €8,428 | €3,434 | -€4,994 | -59.3% |
| Land and buildings | 22 | €8,428 | - | -€8,428 | |
| Furniture and vehicles | 24 | - | €3,434 | +€3,434 | |
| Current assets | 29/58 | €138,297 | €158,592 | +€20,296 | +14.7% |
| Stocks and contracts in progress | 3 | €58,430 | €4,800 | -€53,630 | -91.8% |
| Stocks | 30/36 | €58,430 | €4,800 | -€53,630 | -91.8% |
| Amounts receivable within one year | 40/41 | €74,584 | €102,612 | +€28,027 | +37.6% |
| Trade receivables | 40 | €17,467 | €46,241 | +€28,774 | +165% |
| Other amounts receivable | 41 | €57,117 | €56,371 | -€747 | -1.3% |
| Cash at bank and in hand | 54/58 | €3,835 | €50,267 | +€46,432 | +1,211% |
| Deferred charges and accrued income | 490/1 | €1,447 | €913 | -€534 | -36.9% |
| Total equity and liabilities | 10/49 | €146,725 | €162,026 | +€15,301 | +10.4% |
| Equity | 10/15 | -€78,315 | €57,623 | +€135,937 | |
| Contributions | 10/11 | €69,500 | €69,500 | = | 0.0% |
| Capital | 10 | €69,500 | €69,500 | = | 0.0% |
| Issued capital | 100 | €69,500 | €69,500 | = | 0.0% |
| Reserves | 13 | €38,482 | €38,482 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,950 | €6,950 | = | 0.0% |
| Legal reserve | 130 | €6,950 | €6,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,684 | €4,684 | = | 0.0% |
| Distributable reserves | 133 | €26,848 | €26,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€186,296 | -€50,359 | +€135,937 | +73.0% |
| Amounts payable | 17/49 | €225,040 | €104,404 | -€120,636 | -53.6% |
| Amounts payable after more than one year | 17 | €122,000 | - | -€122,000 | |
| Financial debts | 170/4 | €122,000 | - | -€122,000 | |
| Amounts payable within one year | 42/48 | €103,040 | €104,404 | +€1,364 | +1.3% |
| Trade debts | 44 | €3,250 | €11,709 | +€8,459 | +260% |
| Suppliers | 440/4 | €3,250 | €11,709 | +€8,459 | +260% |
| Taxes, remuneration and social security | 45 | €243 | €35,745 | +€35,501 | +14,592% |
| Taxes | 450/3 | €243 | €35,745 | +€35,501 | +14,592% |
| Other amounts payable | 47/48 | €99,546 | €56,950 | -€42,596 | -42.8% |
| Remuneration, social security and pensions | 62 | - | €89 | +€89 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,146 | +€1,146 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,340 | €54,267 | +€19,927 | +58.0% |
| Other operating charges | 640/8 | €173,879 | €9,904 | -€163,974 | -94.3% |
| Gross operating margin | 9900 | €17,948 | €238,744 | +€220,796 | +1,230% |
| Operating profit (loss) | 9901 | -€190,271 | €173,338 | +€363,609 | |
| Financial income | 75/76B | €0 | €26 | +€26 | +6,721% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +6,721% |
| Financial charges | 65/66B | €14,206 | €1,241 | -€12,965 | -91.3% |
| Recurring financial charges | 65 | €14,206 | €1,241 | -€12,965 | -91.3% |
| Profit (loss) for the period before taxes | 9903 | -€204,477 | €172,123 | +€376,600 | |
| Income taxes | 67/77 | €427 | €36,186 | +€35,759 | +8,372% |
| Profit (loss) for the period | 9904 | -€204,904 | €135,937 | +€340,841 | |
| Profit (loss) for the period to be appropriated | 9905 | -€204,904 | €135,937 | +€340,841 |
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 19 October 2026 via checked.be.