THINK RIGHT: 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.
THINK RIGHT
Largest movements
- Cash -€15,947
down €15,947 (-20.6%), from €77,394 to €61,447
mainly Other debts (-€18,927) and Investment in fixed assets (net) (-€11,350)
- Tangible fixed assets +€5,563
up €5,563 (+70.5%), from €7,896 to €13,459
of which Plant, machinery and equipment: +€8,592
- Receivables within one year -€3,414
down €3,414 (-15.9%), from €21,436 to €18,023
of which Other amounts receivable: -€1,753
- Other debts -€18,927
down €18,927 (-56.2%), from €33,649 to €14,723
- Tax, wage and social debts -€10,959
down €10,959 (-47.1%), from €23,289 to €12,330
of which Taxes: -€10,959
- Reserves +€8,534
up €8,534 (+36.6%), from €23,346 to €31,880
- Trade debts +€7,504
up €7,504 (+162.9%), from €4,608 to €12,112
- Gross operating margin -€11,246
down €11,246 (-37.5%), from €30,002 to €18,756
- Taxes -€6,445
down €6,445 (-73.1%), from €8,815 to €2,371
- Depreciation +€1,062
up €1,062 (+22.5%), from €4,724 to €5,787
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 | €107,284 | €93,436 | -€13,848 | -12.9% |
| Fixed assets | 21/28 | €7,896 | €13,459 | +€5,563 | +70.5% |
| Tangible fixed assets | 22/27 | €7,896 | €13,459 | +€5,563 | +70.5% |
| Plant, machinery and equipment | 23 | €1,253 | €9,845 | +€8,592 | +685.9% |
| Furniture and vehicles | 24 | €6,643 | €3,614 | -€3,029 | -45.6% |
| Current assets | 29/58 | €99,388 | €79,977 | -€19,411 | -19.5% |
| Amounts receivable within one year | 40/41 | €21,436 | €18,023 | -€3,414 | -15.9% |
| Trade receivables | 40 | €16,794 | €15,134 | -€1,661 | -9.9% |
| Other amounts receivable | 41 | €4,642 | €2,889 | -€1,753 | -37.8% |
| Cash at bank and in hand | 54/58 | €77,394 | €61,447 | -€15,947 | -20.6% |
| Deferred charges and accrued income | 490/1 | €558 | €507 | -€50 | -9.0% |
| Total equity and liabilities | 10/49 | €107,284 | €93,436 | -€13,848 | -12.9% |
| Equity | 10/15 | €45,738 | €54,272 | +€8,534 | +18.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €23,346 | €31,880 | +€8,534 | +36.6% |
| Distributable reserves | 133 | €23,346 | €31,880 | +€8,534 | +36.6% |
| Profit (loss) carried forward | 14 | €2,392 | €2,392 | = | 0.0% |
| Amounts payable | 17/49 | €61,546 | €39,165 | -€22,382 | -36.4% |
| Amounts payable within one year | 42/48 | €61,546 | €39,165 | -€22,382 | -36.4% |
| Trade debts | 44 | €4,608 | €12,112 | +€7,504 | +162.9% |
| Suppliers | 440/4 | €4,608 | €12,112 | +€7,504 | +162.9% |
| Taxes, remuneration and social security | 45 | €23,289 | €12,330 | -€10,959 | -47.1% |
| Taxes | 450/3 | €23,289 | €12,330 | -€10,959 | -47.1% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €33,649 | €14,723 | -€18,927 | -56.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €5,787 | +€1,062 | +22.5% |
| Other operating charges | 640/8 | €366 | €390 | +€24 | +6.7% |
| Gross operating margin | 9900 | €30,002 | €18,756 | -€11,246 | -37.5% |
| Operating profit (loss) | 9901 | €24,912 | €12,579 | -€12,333 | -49.5% |
| Financial income | 75/76B | €273 | €230 | -€44 | -16.0% |
| Recurring financial income | 75 | €273 | €230 | -€44 | -16.0% |
| Financial charges | 65/66B | €2,025 | €1,904 | -€121 | -6.0% |
| Recurring financial charges | 65 | €2,025 | €1,904 | -€121 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €23,161 | €10,905 | -€12,256 | -52.9% |
| Income taxes | 67/77 | €8,815 | €2,371 | -€6,445 | -73.1% |
| Profit (loss) for the period | 9904 | €14,346 | €8,534 | -€5,812 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,346 | €8,534 | -€5,812 | -40.5% |
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 7 October 2026 via checked.be.