The Firm: what changed
The Firm
Largest movements
- Stocks and contracts -€20,000
down €20,000 (-61.5%), from €32,500 to €12,500
- Receivables within one year -€9,129
down €9,129 (-6.7%), from €136,613 to €127,484
of which Other amounts receivable: -€6,480
- Cash +€3,578
up €3,578 (+2,159%), from €166 to €3,743
mainly Stocks and contracts (+€20,000) and Other debts (+€10,345)
- Trade debts -€35,819
down €35,819 (-26.5%), from €135,340 to €99,520
- Other debts +€10,345
up €10,345 (+1,774%), from €583 to €10,928
- Tax, wage and social debts -€4,780
down €4,780 (-57.7%), from €8,277 to €3,497
- Profit (loss) carried forward +€2,648
up €2,648 (+11.2%), from €23,563 to €26,211
- Short-term financial debts +€2,527
up €2,527 (+825%), from €306 to €2,834
- Gross operating margin -€27,303
down €27,303 (-78.6%), from €34,730 to €7,427
- Taxes -€3,590
down €3,590 (-65.8%), from €5,455 to €1,864
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 | €170,068 | €144,989 | -€25,079 | -14.7% |
| Fixed assets | 21/28 | €291 | €1,262 | +€971 | +334% |
| Tangible fixed assets | 22/27 | €291 | €1,262 | +€971 | +334% |
| Furniture and vehicles | 24 | €291 | €1,262 | +€971 | +334% |
| Current assets | 29/58 | €169,777 | €143,727 | -€26,050 | -15.3% |
| Stocks and contracts in progress | 3 | €32,500 | €12,500 | -€20,000 | -61.5% |
| Stocks | 30/36 | €32,500 | €12,500 | -€20,000 | -61.5% |
| Amounts receivable within one year | 40/41 | €136,613 | €127,484 | -€9,129 | -6.7% |
| Trade receivables | 40 | €49,378 | €46,728 | -€2,650 | -5.4% |
| Other amounts receivable | 41 | €87,235 | €80,755 | -€6,480 | -7.4% |
| Cash at bank and in hand | 54/58 | €166 | €3,743 | +€3,578 | +2,159% |
| Deferred charges and accrued income | 490/1 | €498 | €0 | -€498 | -100% |
| Total equity and liabilities | 10/49 | €170,068 | €144,989 | -€25,079 | -14.7% |
| Equity | 10/15 | €25,563 | €28,211 | +€2,648 | +10.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,563 | €26,211 | +€2,648 | +11.2% |
| Amounts payable | 17/49 | €144,506 | €116,779 | -€27,727 | -19.2% |
| Amounts payable within one year | 42/48 | €144,506 | €116,779 | -€27,727 | -19.2% |
| Financial debts | 43 | €306 | €2,834 | +€2,527 | +825% |
| Credit institutions | 430/8 | €306 | €2,834 | +€2,527 | +825% |
| Trade debts | 44 | €135,340 | €99,520 | -€35,819 | -26.5% |
| Suppliers | 440/4 | €135,340 | €99,520 | -€35,819 | -26.5% |
| Taxes, remuneration and social security | 45 | €8,277 | €3,497 | -€4,780 | -57.7% |
| Taxes | 450/3 | €8,277 | €3,497 | -€4,780 | -57.7% |
| Other amounts payable | 47/48 | €583 | €10,928 | +€10,345 | +1,774% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €228 | +€13 | +5.8% |
| Other operating charges | 640/8 | €2,308 | €2,359 | +€51 | +2.2% |
| Non-recurring operating charges | 66A | €10,068 | €0 | -€10,068 | -100% |
| Gross operating margin | 9900 | €34,730 | €7,427 | -€27,303 | -78.6% |
| Operating profit (loss) | 9901 | €22,139 | €4,840 | -€17,299 | -78.1% |
| Financial income | 75/76B | €27 | €55 | +€28 | +105% |
| Recurring financial income | 75 | €27 | €55 | +€28 | +105% |
| Financial charges | 65/66B | €108 | €382 | +€274 | +255% |
| Recurring financial charges | 65 | €108 | €382 | +€274 | +255% |
| Profit (loss) for the period before taxes | 9903 | €22,058 | €4,512 | -€17,545 | -79.5% |
| Income taxes | 67/77 | €5,455 | €1,864 | -€3,590 | -65.8% |
| Profit (loss) for the period | 9904 | €16,603 | €2,648 | -€13,955 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,603 | €2,648 | -€13,955 | -84.1% |
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 6 November 2026 via checked.be.