THE COLOR TRUE: 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.
THE COLOR TRUE
Largest movements
- Receivables within one year +€10,480
up €10,480 (+77.3%), from €13,565 to €24,045
of which Trade receivables: +€10,433
- Stocks and contracts -€5,452
down €5,452 (-18.1%), from €30,172 to €24,720
- Cash -€1,796
down €1,796 (-47.3%), from €3,795 to €1,999
mainly Receivables within one year (-€10,480) and Trade debts (-€9,397)
- Other debts +€17,338
up €17,338 (+9.1%), from €190,170 to €207,508
- Trade debts -€9,397
down €9,397 (-40.1%), from €23,416 to €14,019
- Profit (loss) carried forward -€2,956
down €2,956 (-1.6%), from -€187,609 to -€190,565
- Tax, wage and social debts -€1,753
no longer reported in 2025 (was €1,753)
- Gross operating margin -€4,199
down €4,199, from €1,503 to -€2,696
- Financial charges -€271
down €271 (-51.1%), from €531 to €260
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 | €47,730 | €50,962 | +€3,232 | +6.8% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €198 | €198 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €47,532 | €50,764 | +€3,232 | +6.8% |
| Stocks and contracts in progress | 3 | €30,172 | €24,720 | -€5,452 | -18.1% |
| Stocks | 30/36 | €30,172 | €24,720 | -€5,452 | -18.1% |
| Amounts receivable within one year | 40/41 | €13,565 | €24,045 | +€10,480 | +77.3% |
| Trade receivables | 40 | €13,565 | €23,998 | +€10,433 | +76.9% |
| Other amounts receivable | 41 | €0 | €47 | +€47 | |
| Cash at bank and in hand | 54/58 | €3,795 | €1,999 | -€1,796 | -47.3% |
| Total equity and liabilities | 10/49 | €47,730 | €50,962 | +€3,232 | +6.8% |
| Equity | 10/15 | -€167,609 | -€170,565 | -€2,956 | -1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€187,609 | -€190,565 | -€2,956 | -1.6% |
| Amounts payable | 17/49 | €215,340 | €221,527 | +€6,187 | +2.9% |
| Amounts payable within one year | 42/48 | €215,340 | €221,527 | +€6,187 | +2.9% |
| Trade debts | 44 | €23,416 | €14,019 | -€9,397 | -40.1% |
| Suppliers | 440/4 | €23,416 | €14,019 | -€9,397 | -40.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,753 | - | -€1,753 | |
| Taxes | 450/3 | €1,753 | - | -€1,753 | |
| Other amounts payable | 47/48 | €190,170 | €207,508 | +€17,338 | +9.1% |
| Gross operating margin | 9900 | €1,503 | -€2,696 | -€4,199 | |
| Operating profit (loss) | 9901 | €1,503 | -€2,696 | -€4,199 | |
| Financial charges | 65/66B | €531 | €260 | -€271 | -51.1% |
| Recurring financial charges | 65 | €531 | €260 | -€271 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | €972 | -€2,956 | -€3,928 | |
| Profit (loss) for the period | 9904 | €972 | -€2,956 | -€3,928 | |
| Profit (loss) for the period to be appropriated | 9905 | €972 | -€2,956 | -€3,928 |
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 26 October 2026 via checked.be.