THE POSSE: 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 POSSE
Largest movements
- Cash +€38,002
up €38,002 (+50.1%), from €75,849 to €113,851
mainly Trade debts (+€73,292) and Depreciation (+€20,015)
- Tangible fixed assets -€5,772
down €5,772 (-9.2%), from €62,478 to €56,706
of which Other tangible fixed assets: -€3,835
- Trade debts +€73,292
up €73,292 (+34.1%), from €215,037 to €288,329
- Profit (loss) carried forward -€27,510
down €27,510 (-15.3%), from -€180,279 to -€207,789
- Accrued charges and deferred income -€19,594
down €19,594 (-74.8%), from €26,199 to €6,604
- Other debts +€17,541
up €17,541 (+32.4%), from €54,075 to €71,617
- Tax, wage and social debts -€9,313
down €9,313 (-56.6%), from €16,467 to €7,155
of which Taxes: -€9,506
- Gross operating margin -€85,341
down €85,341 (-41.7%), from €204,864 to €119,524
- Depreciation -€3,548
down €3,548 (-15.1%), from €23,564 to €20,015
- Staff costs -€2,444
down €2,444 (-1.9%), from €129,178 to €126,734
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 | €153,363 | €184,516 | +€31,153 | +20.3% |
| Fixed assets | 21/28 | €65,696 | €59,924 | -€5,772 | -8.8% |
| Tangible fixed assets | 22/27 | €62,478 | €56,706 | -€5,772 | -9.2% |
| Plant, machinery and equipment | 23 | €35,425 | €35,082 | -€343 | -1.0% |
| Furniture and vehicles | 24 | €8,047 | €6,453 | -€1,595 | -19.8% |
| Other tangible fixed assets | 26 | €19,006 | €15,172 | -€3,835 | -20.2% |
| Financial fixed assets | 28 | €3,218 | €3,218 | = | 0.0% |
| Current assets | 29/58 | €87,667 | €124,592 | +€36,925 | +42.1% |
| Amounts receivable within one year | 40/41 | €10,636 | €10,740 | +€104 | +1.0% |
| Trade receivables | 40 | €147 | €1,528 | +€1,381 | +942% |
| Other amounts receivable | 41 | €10,490 | €9,213 | -€1,277 | -12.2% |
| Cash at bank and in hand | 54/58 | €75,849 | €113,851 | +€38,002 | +50.1% |
| Deferred charges and accrued income | 490/1 | €1,182 | €0 | -€1,182 | -100% |
| Total equity and liabilities | 10/49 | €153,363 | €184,516 | +€31,153 | +20.3% |
| Equity | 10/15 | -€159,819 | -€189,189 | -€29,370 | -18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | -€180,279 | -€207,789 | -€27,510 | -15.3% |
| Amounts payable | 17/49 | €313,182 | €373,704 | +€60,522 | +19.3% |
| Amounts payable within one year | 42/48 | €286,983 | €367,100 | +€80,117 | +27.9% |
| Trade debts | 44 | €215,037 | €288,329 | +€73,292 | +34.1% |
| Suppliers | 440/4 | €215,037 | €288,329 | +€73,292 | +34.1% |
| Advances received on contracts in progress | 46 | €1,404 | €0 | -€1,404 | -100% |
| Taxes, remuneration and social security | 45 | €16,467 | €7,155 | -€9,313 | -56.6% |
| Taxes | 450/3 | €12,573 | €3,067 | -€9,506 | -75.6% |
| Remuneration and social security | 454/9 | €3,895 | €4,088 | +€193 | +5.0% |
| Other amounts payable | 47/48 | €54,075 | €71,617 | +€17,541 | +32.4% |
| Accrued charges and deferred income | 492/3 | €26,199 | €6,604 | -€19,594 | -74.8% |
| Non-recurring operating income | 76A | €100,000 | €0 | -€100,000 | -100% |
| Remuneration, social security and pensions | 62 | €129,178 | €126,734 | -€2,444 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,564 | €20,015 | -€3,548 | -15.1% |
| Other operating charges | 640/8 | €1,516 | €1,352 | -€164 | -10.8% |
| Gross operating margin | 9900 | €204,864 | €119,524 | -€85,341 | -41.7% |
| Operating profit (loss) | 9901 | €50,607 | -€28,577 | -€79,185 | |
| Financial income | 75/76B | €163 | €148 | -€15 | -9.4% |
| Recurring financial income | 75 | €163 | €148 | -€15 | -9.4% |
| Financial charges | 65/66B | €651 | €940 | +€289 | +44.4% |
| Recurring financial charges | 65 | €651 | €940 | +€289 | +44.4% |
| Profit (loss) for the period before taxes | 9903 | €50,119 | -€29,370 | -€79,489 | |
| Profit (loss) for the period | 9904 | €50,119 | -€29,370 | -€79,489 | |
| Profit (loss) for the period to be appropriated | 9905 | €50,119 | -€29,370 | -€79,489 |
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 14 October 2026 via checked.be.