TODO MODO: 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.
TODO MODO
Largest movements
- Receivables within one year -€16,002
down €16,002 (-37.0%), from €43,218 to €27,216
of which Trade receivables: -€17,648
- Tangible fixed assets -€5,407
down €5,407 (-27.4%), from €19,741 to €14,334
of which Furniture and vehicles: -€4,751
- Stocks and contracts +€4,081
up €4,081 (+14.2%), from €28,675 to €32,756
- Trade debts -€15,754
down €15,754 (-84.8%), from €18,573 to €2,819
- Profit (loss) carried forward +€5,094
up €5,094 (+37.3%), from €13,650 to €18,744
- Debts after one year -€3,973
down €3,973 (-25.1%), from €15,840 to €11,867
- Current portion of long-term debt -€2,949
down €2,949 (-48.9%), from €6,027 to €3,078
- Depreciation -€2,380
down €2,380 (-30.6%), from €7,787 to €5,407
- Gross operating margin +€1,943
up €1,943 (+17.3%), from €11,242 to €13,185
- Taxes +€1,310
up €1,310 (+194%), from €675 to €1,985
- Staff costs -€394
no longer reported in 2025 (was €394)
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 | €123,243 | €106,827 | -€16,416 | -13.3% |
| Fixed assets | 21/28 | €20,041 | €14,634 | -€5,407 | -27.0% |
| Tangible fixed assets | 22/27 | €19,741 | €14,334 | -€5,407 | -27.4% |
| Plant, machinery and equipment | 23 | €3,094 | €2,438 | -€656 | -21.2% |
| Furniture and vehicles | 24 | €16,647 | €11,896 | -€4,751 | -28.5% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €103,202 | €92,193 | -€11,009 | -10.7% |
| Stocks and contracts in progress | 3 | €28,675 | €32,756 | +€4,081 | +14.2% |
| Stocks | 30/36 | €28,675 | €32,756 | +€4,081 | +14.2% |
| Amounts receivable within one year | 40/41 | €43,218 | €27,216 | -€16,002 | -37.0% |
| Trade receivables | 40 | €43,218 | €25,570 | -€17,648 | -40.8% |
| Other amounts receivable | 41 | - | €1,646 | +€1,646 | |
| Current investments | 50/53 | €10,006 | €10,006 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,303 | €21,975 | +€672 | +3.2% |
| Deferred charges and accrued income | 490/1 | - | €240 | +€240 | |
| Total equity and liabilities | 10/49 | €123,243 | €106,827 | -€16,416 | -13.3% |
| Equity | 10/15 | €81,850 | €86,944 | +€5,094 | +6.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,650 | €18,744 | +€5,094 | +37.3% |
| Amounts payable | 17/49 | €41,393 | €19,883 | -€21,510 | -52.0% |
| Amounts payable after more than one year | 17 | €15,840 | €11,867 | -€3,973 | -25.1% |
| Financial debts | 170/4 | €15,840 | €11,867 | -€3,973 | -25.1% |
| Amounts payable within one year | 42/48 | €25,553 | €8,016 | -€17,537 | -68.6% |
| Current portion of amounts payable after more than one year | 42 | €6,027 | €3,078 | -€2,949 | -48.9% |
| Trade debts | 44 | €18,573 | €2,819 | -€15,754 | -84.8% |
| Suppliers | 440/4 | €18,573 | €2,819 | -€15,754 | -84.8% |
| Taxes, remuneration and social security | 45 | €751 | €1,852 | +€1,101 | +147% |
| Taxes | 450/3 | €751 | €1,852 | +€1,101 | +147% |
| Other amounts payable | 47/48 | €202 | €267 | +€65 | +32.2% |
| Non-recurring operating income | 76A | - | €4,145 | +€4,145 | |
| Remuneration, social security and pensions | 62 | €394 | - | -€394 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,787 | €5,407 | -€2,380 | -30.6% |
| Other operating charges | 640/8 | €1,174 | €1,121 | -€53 | -4.5% |
| Gross operating margin | 9900 | €11,242 | €13,185 | +€1,943 | +17.3% |
| Operating profit (loss) | 9901 | €1,887 | €6,657 | +€4,770 | +253% |
| Financial income | 75/76B | €433 | €460 | +€27 | +6.2% |
| Recurring financial income | 75 | €433 | €460 | +€27 | +6.2% |
| Financial charges | 65/66B | €475 | €500 | +€25 | +5.3% |
| Recurring financial charges | 65 | €475 | €500 | +€25 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | €1,845 | €6,617 | +€4,772 | +259% |
| Income taxes | 67/77 | €675 | €1,985 | +€1,310 | +194% |
| Profit (loss) for the period | 9904 | €1,170 | €4,632 | +€3,462 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €1,170 | €4,632 | +€3,462 | +296% |
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 23 October 2026 via checked.be.