Tabs & Spaces: 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.
Tabs & Spaces
Largest movements
- Cash +€23,075
up €23,075 (+82.2%), from €28,083 to €51,158
mainly Net result for the year (+€36,799) and Depreciation (+€22,189)
- Receivables within one year -€11,218
down €11,218 (-27.6%), from €40,706 to €29,488
of which Trade receivables: -€14,772
- Tangible fixed assets -€7,452
down €7,452 (-4.1%), from €179,909 to €172,457
of which Furniture and vehicles: -€15,084
- Reserves +€36,799
up €36,799 (+37.8%), from €97,420 to €134,219
- Debts after one year -€29,512
down €29,512 (-31.4%), from €93,877 to €64,365
- Gross operating margin +€5,117
up €5,117 (+7.6%), from €66,947 to €72,064
- Financial charges -€1,383
down €1,383 (-32.2%), from €4,297 to €2,913
- Taxes +€1,021
up €1,021 (+11.9%), from €8,549 to €9,570
- Depreciation +€917
up €917 (+4.3%), from €21,271 to €22,189
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 | €250,673 | €256,003 | +€5,330 | +2.1% |
| Fixed assets | 21/28 | €179,909 | €172,457 | -€7,452 | -4.1% |
| Tangible fixed assets | 22/27 | €179,909 | €172,457 | -€7,452 | -4.1% |
| Land and buildings | 22 | €114,580 | €122,212 | +€7,632 | +6.7% |
| Furniture and vehicles | 24 | €65,329 | €50,245 | -€15,084 | -23.1% |
| Current assets | 29/58 | €70,764 | €83,546 | +€12,782 | +18.1% |
| Amounts receivable within one year | 40/41 | €40,706 | €29,488 | -€11,218 | -27.6% |
| Trade receivables | 40 | €33,830 | €19,058 | -€14,772 | -43.7% |
| Other amounts receivable | 41 | €6,876 | €10,430 | +€3,555 | +51.7% |
| Cash at bank and in hand | 54/58 | €28,083 | €51,158 | +€23,075 | +82.2% |
| Deferred charges and accrued income | 490/1 | €1,975 | €2,900 | +€925 | +46.8% |
| Total equity and liabilities | 10/49 | €250,673 | €256,003 | +€5,330 | +2.1% |
| Equity | 10/15 | €116,020 | €152,819 | +€36,799 | +31.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,420 | €134,219 | +€36,799 | +37.8% |
| Distributable reserves | 133 | €97,420 | €134,219 | +€36,799 | +37.8% |
| Amounts payable | 17/49 | €134,653 | €103,184 | -€31,469 | -23.4% |
| Amounts payable after more than one year | 17 | €93,877 | €64,365 | -€29,512 | -31.4% |
| Financial debts | 170/4 | €93,877 | €64,365 | -€29,512 | -31.4% |
| Amounts payable within one year | 42/48 | €40,776 | €38,818 | -€1,957 | -4.8% |
| Current portion of amounts payable after more than one year | 42 | €30,216 | €29,512 | -€704 | -2.3% |
| Trade debts | 44 | €1,375 | €1,437 | +€62 | +4.5% |
| Suppliers | 440/4 | €1,375 | €1,437 | +€62 | +4.5% |
| Taxes, remuneration and social security | 45 | €7,166 | €7,789 | +€624 | +8.7% |
| Taxes | 450/3 | €7,166 | €7,789 | +€624 | +8.7% |
| Other amounts payable | 47/48 | €2,019 | €81 | -€1,938 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,271 | €22,189 | +€917 | +4.3% |
| Other operating charges | 640/8 | €523 | €597 | +€75 | +14.3% |
| Gross operating margin | 9900 | €66,947 | €72,064 | +€5,117 | +7.6% |
| Operating profit (loss) | 9901 | €45,153 | €49,279 | +€4,125 | +9.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €4,297 | €2,913 | -€1,383 | -32.2% |
| Recurring financial charges | 65 | €4,297 | €2,913 | -€1,383 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €40,856 | €46,369 | +€5,513 | +13.5% |
| Income taxes | 67/77 | €8,549 | €9,570 | +€1,021 | +11.9% |
| Profit (loss) for the period | 9904 | €32,308 | €36,799 | +€4,492 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,308 | €36,799 | +€4,492 | +13.9% |
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 7 October 2026 via checked.be.