THE RIGHT MOVE: 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 RIGHT MOVE
Largest movements
- Receivables within one year +€82,981
up €82,981 (+86.7%), from €95,664 to €178,645
of which Trade receivables: +€73,648
- Cash -€54,440
down €54,440 (-44.3%), from €122,964 to €68,523
mainly Receivables within one year (-€82,981) and Investment in fixed assets (net) (-€3,665)
- Tangible fixed assets -€14,472
down €14,472 (-16.9%), from €85,483 to €71,011
of which Land and buildings: -€11,597
- Tax, wage and social debts +€16,084
up €16,084 (+27.4%), from €58,626 to €74,710
of which Taxes: +€14,806
- Gross operating margin -€44,927
down €44,927 (-13.0%), from €345,684 to €300,757
- Taxes -€9,723
down €9,723 (-80.5%), from €12,079 to €2,357
- Staff costs -€4,272
down €4,272 (-1.5%), from €281,331 to €277,060
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 | €310,561 | €324,333 | +€13,772 | +4.4% |
| Fixed assets | 21/28 | €86,448 | €72,099 | -€14,349 | -16.6% |
| Tangible fixed assets | 22/27 | €85,483 | €71,011 | -€14,472 | -16.9% |
| Land and buildings | 22 | €69,662 | €58,065 | -€11,597 | -16.6% |
| Furniture and vehicles | 24 | €15,821 | €12,946 | -€2,875 | -18.2% |
| Financial fixed assets | 28 | €965 | €1,088 | +€123 | +12.8% |
| Current assets | 29/58 | €224,113 | €252,234 | +€28,121 | +12.5% |
| Amounts receivable within one year | 40/41 | €95,664 | €178,645 | +€82,981 | +86.7% |
| Trade receivables | 40 | €95,244 | €168,892 | +€73,648 | +77.3% |
| Other amounts receivable | 41 | €420 | €9,753 | +€9,333 | +2,222% |
| Cash at bank and in hand | 54/58 | €122,964 | €68,523 | -€54,440 | -44.3% |
| Deferred charges and accrued income | 490/1 | €5,485 | €5,066 | -€420 | -7.7% |
| Total equity and liabilities | 10/49 | €310,561 | €324,333 | +€13,772 | +4.4% |
| Equity | 10/15 | €236,943 | €236,522 | -€421 | -0.2% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €165,091 | €165,810 | +€720 | +0.4% |
| Non-distributable reserves | 130/1 | €4,622 | €4,622 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,622 | €4,622 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,336 | €1,752 | -€584 | -25.0% |
| Distributable reserves | 133 | €158,133 | €159,437 | +€1,304 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €6,852 | €5,712 | -€1,141 | -16.6% |
| Provisions and deferred taxes | 16 | €1,203 | €902 | -€301 | -25.0% |
| Deferred taxes | 168 | €1,203 | €902 | -€301 | -25.0% |
| Amounts payable | 17/49 | €72,415 | €86,909 | +€14,494 | +20.0% |
| Amounts payable within one year | 42/48 | €72,400 | €86,894 | +€14,494 | +20.0% |
| Trade debts | 44 | €13,744 | €12,090 | -€1,654 | -12.0% |
| Suppliers | 440/4 | €13,744 | €12,090 | -€1,654 | -12.0% |
| Taxes, remuneration and social security | 45 | €58,626 | €74,710 | +€16,084 | +27.4% |
| Taxes | 450/3 | €10,638 | €25,444 | +€14,806 | +139% |
| Remuneration and social security | 454/9 | €47,988 | €49,266 | +€1,278 | +2.7% |
| Other amounts payable | 47/48 | €30 | €94 | +€64 | +210% |
| Accrued charges and deferred income | 492/3 | €15 | €15 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €281,331 | €277,060 | -€4,272 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,701 | €18,014 | -€1,687 | -8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €881 | +€881 | |
| Other operating charges | 640/8 | €2,732 | €2,991 | +€260 | +9.5% |
| Gross operating margin | 9900 | €345,684 | €300,757 | -€44,927 | -13.0% |
| Operating profit (loss) | 9901 | €41,920 | €1,812 | -€40,108 | -95.7% |
| Financial income | 75/76B | €1,303 | €1,505 | +€202 | +15.5% |
| Recurring financial income | 75 | €1,303 | €1,505 | +€202 | +15.5% |
| Financial charges | 65/66B | €620 | €542 | -€78 | -12.7% |
| Recurring financial charges | 65 | €620 | €542 | -€78 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €42,603 | €2,776 | -€39,827 | -93.5% |
| Transfer from deferred taxes | 780 | €301 | €301 | = | 0.0% |
| Income taxes | 67/77 | €12,079 | €2,357 | -€9,723 | -80.5% |
| Profit (loss) for the period | 9904 | €30,825 | €720 | -€30,105 | -97.7% |
| Transfer from tax-exempt reserves | 789 | €584 | €584 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,409 | €1,304 | -€30,105 | -95.8% |
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 19 October 2026 via checked.be.