th!nk Aga!n: what changed
th!nk Aga!n
Largest movements
- Receivables within one year +€5,137
up €5,137 (+606%), from €848 to €5,986
of which Trade receivables: +€5,434
- Deferred charges and accrued income +€888
up €888 (+174%), from €509 to €1,397
- Formation expenses -€275
down €275 (-25.4%), from €1,083 to €808
- Cash -€211
down €211 (-22.7%), from €931 to €720
mainly Receivables within one year (-€5,137) and Deferred charges and accrued income (-€888)
- Tangible fixed assets +€123
up €123 (+11.5%), from €1,069 to €1,192
of which Plant, machinery and equipment: +€292
- Profit (loss) carried forward +€2,593
up €2,593 (+13.7%), from -€18,897 to -€16,304
- Tax, wage and social debts +€1,964
up €1,964 (+215%), from €915 to €2,879
- Other debts +€1,610
up €1,610 (+24.6%), from €6,555 to €8,165
- Accrued charges and deferred income -€771
down €771 (-89.0%), from €866 to €96
- Trade debts +€267
new in 2025: €267
- Gross operating margin +€21,063
up €21,063, from -€16,811 to €4,252
- Other operating charges -€459
down €459 (-38.0%), from €1,206 to €747
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,440 | €10,103 | +€5,663 | +128% |
| Formation expenses | 20 | €1,083 | €808 | -€275 | -25.4% |
| Fixed assets | 21/28 | €1,069 | €1,192 | +€123 | +11.5% |
| Tangible fixed assets | 22/27 | €1,069 | €1,192 | +€123 | +11.5% |
| Plant, machinery and equipment | 23 | €743 | €1,035 | +€292 | +39.2% |
| Furniture and vehicles | 24 | €326 | €157 | -€168 | -51.7% |
| Current assets | 29/58 | €2,288 | €8,103 | +€5,815 | +254% |
| Amounts receivable within one year | 40/41 | €848 | €5,986 | +€5,137 | +606% |
| Trade receivables | 40 | €526 | €5,960 | +€5,434 | +1,032% |
| Other amounts receivable | 41 | €322 | €25 | -€297 | -92.2% |
| Cash at bank and in hand | 54/58 | €931 | €720 | -€211 | -22.7% |
| Deferred charges and accrued income | 490/1 | €509 | €1,397 | +€888 | +174% |
| Total equity and liabilities | 10/49 | €4,440 | €10,103 | +€5,663 | +128% |
| Equity | 10/15 | -€3,897 | -€1,304 | +€2,593 | +66.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,897 | -€16,304 | +€2,593 | +13.7% |
| Amounts payable | 17/49 | €8,337 | €11,407 | +€3,070 | +36.8% |
| Amounts payable within one year | 42/48 | €7,471 | €11,311 | +€3,840 | +51.4% |
| Trade debts | 44 | - | €267 | +€267 | |
| Suppliers | 440/4 | - | €267 | +€267 | |
| Taxes, remuneration and social security | 45 | €915 | €2,879 | +€1,964 | +215% |
| Taxes | 450/3 | €915 | €2,879 | +€1,964 | +215% |
| Other amounts payable | 47/48 | €6,555 | €8,165 | +€1,610 | +24.6% |
| Accrued charges and deferred income | 492/3 | €866 | €96 | -€771 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €652 | €668 | +€16 | +2.5% |
| Other operating charges | 640/8 | €1,206 | €747 | -€459 | -38.0% |
| Gross operating margin | 9900 | -€16,811 | €4,252 | +€21,063 | |
| Operating profit (loss) | 9901 | -€18,670 | €2,836 | +€21,505 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €38 | €33 | -€5 | -12.7% |
| Recurring financial charges | 65 | €38 | €33 | -€5 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,697 | €2,803 | +€21,500 | |
| Income taxes | 67/77 | €199 | €210 | +€10 | +5.2% |
| Profit (loss) for the period | 9904 | -€18,897 | €2,593 | +€21,490 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,897 | €2,593 | +€21,490 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.