T AND B: 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.
T AND B
Largest movements
- Current investments -€8,254
no longer reported in 2025 (was €8,254)
- Stocks and contracts +€7,658
up €7,658 (+67.4%), from €11,369 to €19,027
- Cash +€3,316
new in 2025: €3,316
mainly Current investments (+€8,254) and Other debts (+€7,462)
- Deferred charges and accrued income -€1,788
down €1,788 (-10.2%), from €17,494 to €15,705
- Receivables within one year +€1,473
up €1,473 (+23.8%), from €6,203 to €7,676
- Other debts +€7,462
up €7,462 (+73.9%), from €10,096 to €17,558
- Trade debts -€3,953
down €3,953 (-11.3%), from €35,063 to €31,110
- Profit (loss) carried forward -€2,765
down €2,765 (-104%), from -€2,656 to -€5,421
- Gross operating margin -€4,797
down €4,797, from €4,178 to -€619
- Other operating charges -€520
down €520 (-41.1%), from €1,264 to €744
- Financial charges -€111
down €111 (-44.1%), from €252 to €141
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 | €45,775 | €46,919 | +€1,144 | +2.5% |
| Fixed assets | 21/28 | €2,455 | €1,194 | -€1,261 | -51.3% |
| Tangible fixed assets | 22/27 | €2,455 | €1,194 | -€1,261 | -51.3% |
| Plant, machinery and equipment | 23 | €2,455 | €1,194 | -€1,261 | -51.3% |
| Current assets | 29/58 | €43,320 | €45,725 | +€2,405 | +5.6% |
| Stocks and contracts in progress | 3 | €11,369 | €19,027 | +€7,658 | +67.4% |
| Stocks | 30/36 | €11,369 | €19,027 | +€7,658 | +67.4% |
| Amounts receivable within one year | 40/41 | €6,203 | €7,676 | +€1,473 | +23.8% |
| Other amounts receivable | 41 | €6,203 | €7,676 | +€1,473 | +23.8% |
| Current investments | 50/53 | €8,254 | - | -€8,254 | |
| Cash at bank and in hand | 54/58 | - | €3,316 | +€3,316 | |
| Deferred charges and accrued income | 490/1 | €17,494 | €15,705 | -€1,788 | -10.2% |
| Total equity and liabilities | 10/49 | €45,775 | €46,919 | +€1,144 | +2.5% |
| Equity | 10/15 | -€656 | -€3,421 | -€2,765 | -422% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,656 | -€5,421 | -€2,765 | -104% |
| Amounts payable | 17/49 | €46,431 | €50,340 | +€3,909 | +8.4% |
| Amounts payable within one year | 42/48 | €46,431 | €50,340 | +€3,909 | +8.4% |
| Trade debts | 44 | €35,063 | €31,110 | -€3,953 | -11.3% |
| Suppliers | 440/4 | €35,063 | €31,110 | -€3,953 | -11.3% |
| Taxes, remuneration and social security | 45 | €1,272 | €1,672 | +€400 | +31.5% |
| Taxes | 450/3 | €1,272 | €1,672 | +€400 | +31.5% |
| Other amounts payable | 47/48 | €10,096 | €17,558 | +€7,462 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,261 | €1,261 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,264 | €744 | -€520 | -41.1% |
| Gross operating margin | 9900 | €4,178 | -€619 | -€4,797 | |
| Operating profit (loss) | 9901 | €1,653 | -€2,624 | -€4,277 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €252 | €141 | -€111 | -44.1% |
| Recurring financial charges | 65 | €252 | €141 | -€111 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €1,401 | -€2,765 | -€4,166 | |
| Profit (loss) for the period | 9904 | €1,401 | -€2,765 | -€4,166 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,401 | -€2,765 | -€4,166 |
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 20 October 2026 via checked.be.