TECHANISM: 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.
TECHANISM
Largest movements
- Cash -€54,199
down €54,199 (-45.0%), from €120,416 to €66,217
mainly Receivables within one year (-€32,521) and Other debts (-€29,858)
- Receivables within one year +€32,521
up €32,521 (+238.4%), from €13,641 to €46,163
of which Trade receivables: +€28,457
- Other debts -€29,858
down €29,858 (-23.7%), from €125,726 to €95,868
- Tax, wage and social debts +€6,993
up €6,993 (+77.2%), from €9,060 to €16,052
- Write-downs +€70,000
new in 2025: €70,000
- Gross operating margin +€32,124
up €32,124 (+51.7%), from €62,194 to €94,319
- Taxes -€6,057
down €6,057 (-48.0%), from €12,624 to €6,567
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 | €135,449 | €112,639 | -€22,810 | -16.8% |
| Fixed assets | 21/28 | €1,061 | €259 | -€802 | -75.6% |
| Tangible fixed assets | 22/27 | €1,061 | €259 | -€802 | -75.6% |
| Furniture and vehicles | 24 | €1,061 | €259 | -€802 | -75.6% |
| Current assets | 29/58 | €134,388 | €112,380 | -€22,009 | -16.4% |
| Amounts receivable within one year | 40/41 | €13,641 | €46,163 | +€32,521 | +238.4% |
| Trade receivables | 40 | €12,100 | €40,557 | +€28,457 | +235.2% |
| Other amounts receivable | 41 | €1,541 | €5,605 | +€4,064 | +263.6% |
| Cash at bank and in hand | 54/58 | €120,416 | €66,217 | -€54,199 | -45.0% |
| Deferred charges and accrued income | 490/1 | €331 | - | -€331 | |
| Total equity and liabilities | 10/49 | €135,449 | €112,639 | -€22,810 | -16.8% |
| Equity | 10/15 | €100 | €100 | = | 0.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Amounts payable | 17/49 | €135,349 | €112,539 | -€22,810 | -16.9% |
| Amounts payable within one year | 42/48 | €135,349 | €112,539 | -€22,810 | -16.9% |
| Trade debts | 44 | €564 | €619 | +€56 | +9.9% |
| Suppliers | 440/4 | €564 | €619 | +€56 | +9.9% |
| Taxes, remuneration and social security | 45 | €9,060 | €16,052 | +€6,993 | +77.2% |
| Taxes | 450/3 | €9,060 | €16,052 | +€6,993 | +77.2% |
| Other amounts payable | 47/48 | €125,726 | €95,868 | -€29,858 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,578 | €802 | -€776 | -49.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €70,000 | +€70,000 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €62,194 | €94,319 | +€32,124 | +51.7% |
| Operating profit (loss) | 9901 | €60,617 | €23,130 | -€37,487 | -61.8% |
| Financial income | 75/76B | €553 | €575 | +€22 | +3.9% |
| Recurring financial income | 75 | €553 | €575 | +€22 | +3.9% |
| Financial charges | 65/66B | €1,400 | €658 | -€743 | -53.0% |
| Recurring financial charges | 65 | €1,400 | €658 | -€743 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €59,770 | €23,047 | -€36,723 | -61.4% |
| Income taxes | 67/77 | €12,624 | €6,567 | -€6,057 | -48.0% |
| Profit (loss) for the period | 9904 | €47,146 | €16,480 | -€30,666 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,146 | €16,480 | -€30,666 | -65.0% |
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 5 October 2026 via checked.be.