thankyoucomeagain: what changed
thankyoucomeagain
Largest movements
- Receivables within one year -€48,939
down €48,939 (-50.5%), from €96,951 to €48,013
of which Trade receivables: -€33,741
- Cash -€27,183
down €27,183 (-37.6%), from €72,236 to €45,053
mainly Short-term financial debts (-€42,661) and Net result for the year (-€32,854)
- Tangible fixed assets -€6,075
down €6,075 (-7.3%), from €83,625 to €77,550
of which Other tangible fixed assets: -€5,491
- Deferred charges and accrued income +€2,983
up €2,983 (+315%), from €946 to €3,929
- Short-term financial debts -€42,661
down €42,661 (-100%), from €42,661 to €0
- Profit (loss) carried forward -€32,854
new in 2025: -€32,854
- Debts after one year -€6,541
down €6,541 (-20.2%), from €32,451 to €25,911
- Trade debts +€4,264
up €4,264 (+76.8%), from €5,551 to €9,814
- Gross operating margin -€43,612
down €43,612, from €33,035 to -€10,577
- Depreciation -€4,704
down €4,704 (-22.8%), from €20,614 to €15,910
- Financial charges -€3,230
down €3,230 (-61.8%), from €5,229 to €1,999
- Taxes -€1,902
down €1,902 (-91.9%), from €2,070 to €168
- Other operating charges +€1,343
up €1,343 (+47.0%), from €2,858 to €4,200
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 | €255,008 | €175,795 | -€79,213 | -31.1% |
| Fixed assets | 21/28 | €84,875 | €78,800 | -€6,075 | -7.2% |
| Tangible fixed assets | 22/27 | €83,625 | €77,550 | -€6,075 | -7.3% |
| Land and buildings | 22 | €37,043 | €37,302 | +€260 | +0.7% |
| Plant, machinery and equipment | 23 | €351 | €0 | -€351 | -100% |
| Furniture and vehicles | 24 | €3,864 | €3,372 | -€492 | -12.7% |
| Other tangible fixed assets | 26 | €42,367 | €36,876 | -€5,491 | -13.0% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €170,133 | €96,995 | -€73,138 | -43.0% |
| Amounts receivable within one year | 40/41 | €96,951 | €48,013 | -€48,939 | -50.5% |
| Trade receivables | 40 | €47,211 | €13,470 | -€33,741 | -71.5% |
| Other amounts receivable | 41 | €49,741 | €34,543 | -€15,198 | -30.6% |
| Cash at bank and in hand | 54/58 | €72,236 | €45,053 | -€27,183 | -37.6% |
| Deferred charges and accrued income | 490/1 | €946 | €3,929 | +€2,983 | +315% |
| Total equity and liabilities | 10/49 | €255,008 | €175,795 | -€79,213 | -31.1% |
| Equity | 10/15 | €158,345 | €126,903 | -€31,441 | -19.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €145,945 | €147,357 | +€1,413 | +1.0% |
| Distributable reserves | 133 | €145,945 | €147,357 | +€1,413 | +1.0% |
| Profit (loss) carried forward | 14 | - | -€32,854 | -€32,854 | |
| Amounts payable | 17/49 | €96,663 | €48,892 | -€47,771 | -49.4% |
| Amounts payable after more than one year | 17 | €32,451 | €25,911 | -€6,541 | -20.2% |
| Financial debts | 170/4 | €32,451 | €25,911 | -€6,541 | -20.2% |
| Amounts payable within one year | 42/48 | €64,212 | €22,981 | -€41,231 | -64.2% |
| Current portion of amounts payable after more than one year | 42 | €6,918 | €7,079 | +€161 | +2.3% |
| Financial debts | 43 | €42,661 | €0 | -€42,661 | -100% |
| Credit institutions | 430/8 | €42,661 | €0 | -€42,661 | -100% |
| Trade debts | 44 | €5,551 | €9,814 | +€4,264 | +76.8% |
| Suppliers | 440/4 | €5,551 | €9,814 | +€4,264 | +76.8% |
| Taxes, remuneration and social security | 45 | €3,731 | €1,508 | -€2,223 | -59.6% |
| Taxes | 450/3 | €3,731 | €1,508 | -€2,223 | -59.6% |
| Other amounts payable | 47/48 | €5,351 | €4,580 | -€771 | -14.4% |
| Non-recurring operating income | 76A | €69,346 | €0 | -€69,346 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,614 | €15,910 | -€4,704 | -22.8% |
| Other operating charges | 640/8 | €2,858 | €4,200 | +€1,343 | +47.0% |
| Gross operating margin | 9900 | €33,035 | -€10,577 | -€43,612 | |
| Operating profit (loss) | 9901 | €9,563 | -€30,687 | -€40,250 | |
| Financial income | 75/76B | €1,105 | €0 | -€1,105 | -100% |
| Recurring financial income | 75 | €1,105 | €0 | -€1,105 | -100% |
| Financial charges | 65/66B | €5,229 | €1,999 | -€3,230 | -61.8% |
| Recurring financial charges | 65 | €5,229 | €1,999 | -€3,230 | -61.8% |
| Profit (loss) for the period before taxes | 9903 | €5,439 | -€32,686 | -€38,125 | |
| Income taxes | 67/77 | €2,070 | €168 | -€1,902 | -91.9% |
| Profit (loss) for the period | 9904 | €3,369 | -€32,854 | -€36,224 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,369 | -€32,854 | -€36,224 |
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 4 November 2026 via checked.be.