THE NEXT LIMIT: 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 NEXT LIMIT
Largest movements
- Financial fixed assets -€445,995
down €445,995 (-56.4%), from €791,321 to €345,327
- Receivables within one year +€75,426
up €75,426 (+16.9%), from €447,250 to €522,676
of which Other amounts receivable: +€82,146
- Cash -€29,425
down €29,425 (-79.8%), from €36,870 to €7,444
mainly Net result for the year (-€539,583) and Receivables within one year (-€75,426)
- Profit (loss) carried forward -€539,583
down €539,583, from €144,487 to -€395,096
- Other debts +€116,722
up €116,722 (+11.8%), from €986,872 to €1.1m
- Financial charges +€546,033
up €546,033 (+75485.6%), from €723 to €546,756
of which Non-recurring financial charges: +€545,995
- Turnover +€90,000
new in 2025: €90,000
- Purchases and services +€86,711
new in 2025: €86,711
- Financial income -€12,278
down €12,278 (-49.8%), from €24,670 to €12,392
- Gross operating margin -€10,421
down €10,421 (-43.0%), from €24,262 to €13,841
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 | €1,288,546 | €883,551 | -€404,995 | -31.4% |
| Fixed assets | 21/28 | €803,681 | €353,431 | -€450,251 | -56.0% |
| Tangible fixed assets | 22/27 | €12,360 | €8,104 | -€4,256 | -34.4% |
| Furniture and vehicles | 24 | €12,360 | €8,104 | -€4,256 | -34.4% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Financial fixed assets | 28 | €791,321 | €345,327 | -€445,995 | -56.4% |
| Current assets | 29/58 | €484,865 | €530,120 | +€45,255 | +9.3% |
| Amounts receivable within one year | 40/41 | €447,250 | €522,676 | +€75,426 | +16.9% |
| Trade receivables | 40 | €6,800 | €80 | -€6,720 | -98.8% |
| Other amounts receivable | 41 | €440,450 | €522,596 | +€82,146 | +18.7% |
| Cash at bank and in hand | 54/58 | €36,870 | €7,444 | -€29,425 | -79.8% |
| Deferred charges and accrued income | 490/1 | €745 | €0 | -€745 | -100.0% |
| Total equity and liabilities | 10/49 | €1,288,546 | €883,551 | -€404,995 | -31.4% |
| Equity | 10/15 | €271,353 | -€268,230 | -€539,583 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €120,666 | €120,666 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €118,806 | €118,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,487 | -€395,096 | -€539,583 | |
| Amounts payable | 17/49 | €1,017,193 | €1,151,781 | +€134,587 | +13.2% |
| Amounts payable within one year | 42/48 | €1,017,193 | €1,151,763 | +€134,570 | +13.2% |
| Trade debts | 44 | €5,031 | €1,057 | -€3,974 | -79.0% |
| Suppliers | 440/4 | €5,031 | €1,057 | -€3,974 | -79.0% |
| Advances received on contracts in progress | 46 | - | €12,077 | +€12,077 | |
| Taxes, remuneration and social security | 45 | €25,291 | €35,036 | +€9,745 | +38.5% |
| Taxes | 450/3 | €25,291 | €35,036 | +€9,745 | +38.5% |
| Other amounts payable | 47/48 | €986,872 | €1,103,594 | +€116,722 | +11.8% |
| Accrued charges and deferred income | 492/3 | - | €18 | +€18 | |
| Turnover | 70 | - | €90,000 | +€90,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €86,711 | +€86,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €4,711 | +€2,311 | +96.3% |
| Other operating charges | 640/8 | €1,958 | €4,407 | +€2,449 | +125.1% |
| Gross operating margin | 9900 | €24,262 | €13,841 | -€10,421 | -43.0% |
| Operating profit (loss) | 9901 | €19,904 | €4,723 | -€15,181 | -76.3% |
| Financial income | 75/76B | €24,670 | €12,392 | -€12,278 | -49.8% |
| Recurring financial income | 75 | €24,670 | €12,392 | -€12,278 | -49.8% |
| Financial charges | 65/66B | €723 | €546,756 | +€546,033 | +75485.6% |
| Recurring financial charges | 65 | €723 | €761 | +€38 | +5.3% |
| Non-recurring financial charges | 66B | - | €545,995 | +€545,995 | |
| Profit (loss) for the period before taxes | 9903 | €43,850 | -€529,641 | -€573,491 | |
| Income taxes | 67/77 | €19,866 | €9,942 | -€9,924 | -50.0% |
| Profit (loss) for the period | 9904 | €23,984 | -€539,583 | -€563,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,984 | -€539,583 | -€563,567 |
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 10 October 2026 via checked.be.