TAND-LINE: 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.
TAND-LINE
Largest movements
- Cash +€63,025
up €63,025 (+138%), from €45,595 to €108,621
mainly Net result for the year (+€63,458) and Tax, wage and social debts (+€6,178)
- Deferred charges and accrued income +€2,728
up €2,728 (+13.3%), from €20,478 to €23,206
- Reserves +€63,458
up €63,458 (+134%), from €47,269 to €110,727
- Tax, wage and social debts +€6,178
up €6,178 (+44.4%), from €13,906 to €20,084
of which Taxes: +€6,178
- Other debts -€1,608
no longer reported in 2025 (was €1,608)
- Gross operating margin +€23,143
up €23,143 (+38.5%), from €60,162 to €83,305
- Taxes +€6,178
up €6,178 (+49.3%), from €12,529 to €18,707
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 | €67,337 | €135,161 | +€67,824 | +101% |
| Fixed assets | 21/28 | €1,144 | €1,876 | +€731 | +63.9% |
| Tangible fixed assets | 22/27 | €1,144 | €1,876 | +€731 | +63.9% |
| Plant, machinery and equipment | 23 | €1,144 | €1,876 | +€731 | +63.9% |
| Current assets | 29/58 | €66,192 | €133,285 | +€67,093 | +101% |
| Amounts receivable within one year | 40/41 | €119 | €1,458 | +€1,339 | +1,127% |
| Trade receivables | 40 | €119 | - | -€119 | |
| Other amounts receivable | 41 | - | €1,458 | +€1,458 | |
| Cash at bank and in hand | 54/58 | €45,595 | €108,621 | +€63,025 | +138% |
| Deferred charges and accrued income | 490/1 | €20,478 | €23,206 | +€2,728 | +13.3% |
| Total equity and liabilities | 10/49 | €67,337 | €135,161 | +€67,824 | +101% |
| Equity | 10/15 | €48,269 | €111,727 | +€63,458 | +131% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,269 | €110,727 | +€63,458 | +134% |
| Distributable reserves | 133 | €47,269 | €110,727 | +€63,458 | +134% |
| Amounts payable | 17/49 | €19,067 | €23,433 | +€4,366 | +22.9% |
| Amounts payable within one year | 42/48 | €19,067 | €23,392 | +€4,325 | +22.7% |
| Trade debts | 44 | €3,553 | €3,307 | -€246 | -6.9% |
| Suppliers | 440/4 | €3,553 | €3,307 | -€246 | -6.9% |
| Taxes, remuneration and social security | 45 | €13,906 | €20,084 | +€6,178 | +44.4% |
| Taxes | 450/3 | €12,529 | €18,707 | +€6,178 | +49.3% |
| Remuneration and social security | 454/9 | €1,377 | €1,377 | = | 0.0% |
| Other amounts payable | 47/48 | €1,608 | - | -€1,608 | |
| Accrued charges and deferred income | 492/3 | - | €42 | +€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185 | €726 | +€542 | +294% |
| Other operating charges | 640/8 | €118 | €223 | +€105 | +89.1% |
| Gross operating margin | 9900 | €60,162 | €83,305 | +€23,143 | +38.5% |
| Operating profit (loss) | 9901 | €59,860 | €82,356 | +€22,496 | +37.6% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Financial charges | 65/66B | €61 | €205 | +€143 | +234% |
| Recurring financial charges | 65 | €61 | €205 | +€143 | +234% |
| Profit (loss) for the period before taxes | 9903 | €59,798 | €82,165 | +€22,367 | +37.4% |
| Income taxes | 67/77 | €12,529 | €18,707 | +€6,178 | +49.3% |
| Profit (loss) for the period | 9904 | €47,269 | €63,458 | +€16,189 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,269 | €63,458 | +€16,189 | +34.2% |
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 22 October 2026 via checked.be.