The Edge: 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.
The Edge
Largest movements
- Cash -€76,708
down €76,708 (-65.1%), from €117,770 to €41,062
mainly Net result for the year (-€51,937) and Receivables within one year (-€19,861)
- Receivables within one year +€19,861
up €19,861 (+7125.1%), from €279 to €20,140
- Profit (loss) carried forward -€51,937
down €51,937 (-80.8%), from €64,301 to €12,364
- Trade debts -€5,209
down €5,209 (-18.1%), from €28,748 to €23,538
- Gross operating margin -€30,315
down €30,315 (-155.2%), from -€19,531 to -€49,846
- Other operating charges +€918
up €918 (+222.0%), from €413 to €1,331
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 | €118,049 | €61,202 | -€56,847 | -48.2% |
| Current assets | 29/58 | €118,049 | €61,202 | -€56,847 | -48.2% |
| Amounts receivable within one year | 40/41 | €279 | €20,140 | +€19,861 | +7125.1% |
| Trade receivables | 40 | €279 | €20,140 | +€19,861 | +7125.1% |
| Cash at bank and in hand | 54/58 | €117,770 | €41,062 | -€76,708 | -65.1% |
| Total equity and liabilities | 10/49 | €118,049 | €61,202 | -€56,847 | -48.2% |
| Equity | 10/15 | €89,301 | €37,364 | -€51,937 | -58.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,301 | €12,364 | -€51,937 | -80.8% |
| Amounts payable | 17/49 | €28,748 | €23,838 | -€4,910 | -17.1% |
| Amounts payable within one year | 42/48 | €28,748 | €23,538 | -€5,209 | -18.1% |
| Trade debts | 44 | €28,748 | €23,538 | -€5,209 | -18.1% |
| Suppliers | 440/4 | €28,748 | €23,538 | -€5,209 | -18.1% |
| Accrued charges and deferred income | 492/3 | - | €300 | +€300 | |
| Other operating charges | 640/8 | €413 | €1,331 | +€918 | +222.0% |
| Gross operating margin | 9900 | -€19,531 | -€49,846 | -€30,315 | -155.2% |
| Operating profit (loss) | 9901 | -€19,945 | -€51,178 | -€31,233 | -156.6% |
| Financial charges | 65/66B | €288 | €759 | +€471 | +163.7% |
| Recurring financial charges | 65 | €288 | €759 | +€471 | +163.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,233 | -€51,937 | -€31,704 | -156.7% |
| Profit (loss) for the period | 9904 | -€20,233 | -€51,937 | -€31,704 | -156.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,233 | -€51,937 | -€31,704 | -156.7% |
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 2 October 2026 via checked.be.