TOPOLOGY: 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.
TOPOLOGY
Largest movements
- Tangible fixed assets -€17,807
down €17,807 (-7.1%), from €250,473 to €232,666
of which Land and buildings: -€18,729
- Current investments -€14,976
down €14,976 (-99.6%), from €15,035 to €59
- Receivables within one year +€4,542
up €4,542 (+24.3%), from €18,699 to €23,241
of which Other amounts receivable: +€3,204
- Cash -€4,229
down €4,229 (-23.6%), from €17,938 to €13,709
mainly Debts after one year (-€24,304) and Tax, wage and social debts (-€12,673)
- Deferred charges and accrued income -€3,302
down €3,302 (-52.4%), from €6,304 to €3,002
- Debts after one year -€24,304
down €24,304 (-17.9%), from €135,561 to €111,258
- Tax, wage and social debts -€12,673
down €12,673 (-56.2%), from €22,568 to €9,896
- Reserves +€12,054
up €12,054 (+19.4%), from €61,989 to €74,044
of which Distributable reserves: +€12,054
- Other debts -€10,487
down €10,487 (-31.2%), from €33,639 to €23,152
- Gross operating margin -€18,853
down €18,853 (-27.8%), from €67,881 to €49,028
- Taxes -€4,766
down €4,766 (-34.7%), from €13,730 to €8,964
- Financial charges -€1,112
down €1,112 (-16.8%), from €6,636 to €5,524
- Depreciation +€1,109
up €1,109 (+5.7%), from €19,375 to €20,484
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 | €309,032 | €273,260 | -€35,773 | -11.6% |
| Fixed assets | 21/28 | €251,056 | €233,249 | -€17,807 | -7.1% |
| Tangible fixed assets | 22/27 | €250,473 | €232,666 | -€17,807 | -7.1% |
| Land and buildings | 22 | €242,400 | €223,672 | -€18,729 | -7.7% |
| Plant, machinery and equipment | 23 | €3,140 | €2,787 | -€352 | -11.2% |
| Furniture and vehicles | 24 | €4,933 | €6,207 | +€1,274 | +25.8% |
| Financial fixed assets | 28 | €583 | €583 | = | 0.0% |
| Current assets | 29/58 | €57,977 | €40,011 | -€17,966 | -31.0% |
| Amounts receivable within one year | 40/41 | €18,699 | €23,241 | +€4,542 | +24.3% |
| Trade receivables | 40 | €18,369 | €19,706 | +€1,337 | +7.3% |
| Other amounts receivable | 41 | €331 | €3,535 | +€3,204 | +969% |
| Current investments | 50/53 | €15,035 | €59 | -€14,976 | -99.6% |
| Cash at bank and in hand | 54/58 | €17,938 | €13,709 | -€4,229 | -23.6% |
| Deferred charges and accrued income | 490/1 | €6,304 | €3,002 | -€3,302 | -52.4% |
| Total equity and liabilities | 10/49 | €309,032 | €273,260 | -€35,773 | -11.6% |
| Equity | 10/15 | €82,177 | €92,932 | +€10,755 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,989 | €74,044 | +€12,054 | +19.4% |
| Non-distributable reserves | 130/1 | €1,544 | €1,544 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,544 | €1,544 | = | 0.0% |
| Distributable reserves | 133 | €60,446 | €72,500 | +€12,054 | +19.9% |
| Profit (loss) carried forward | 14 | €1,588 | €289 | -€1,299 | -81.8% |
| Amounts payable | 17/49 | €226,855 | €180,327 | -€46,528 | -20.5% |
| Amounts payable after more than one year | 17 | €135,561 | €111,258 | -€24,304 | -17.9% |
| Financial debts | 170/4 | €135,561 | €111,258 | -€24,304 | -17.9% |
| Amounts payable within one year | 42/48 | €91,294 | €69,070 | -€22,224 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €23,736 | €24,304 | +€568 | +2.4% |
| Financial debts | 43 | €4,074 | €5,067 | +€993 | +24.4% |
| Credit institutions | 430/8 | €4,074 | €5,067 | +€993 | +24.4% |
| Trade debts | 44 | €7,277 | €6,653 | -€625 | -8.6% |
| Suppliers | 440/4 | €7,277 | €6,653 | -€625 | -8.6% |
| Taxes, remuneration and social security | 45 | €22,568 | €9,896 | -€12,673 | -56.2% |
| Taxes | 450/3 | €22,568 | €9,896 | -€12,673 | -56.2% |
| Other amounts payable | 47/48 | €33,639 | €23,152 | -€10,487 | -31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,375 | €20,484 | +€1,109 | +5.7% |
| Other operating charges | 640/8 | €3,324 | €3,464 | +€141 | +4.2% |
| Gross operating margin | 9900 | €67,881 | €49,028 | -€18,853 | -27.8% |
| Operating profit (loss) | 9901 | €45,182 | €25,079 | -€20,103 | -44.5% |
| Financial income | 75/76B | €68 | €165 | +€96 | +140% |
| Recurring financial income | 75 | €68 | €165 | +€96 | +140% |
| Financial charges | 65/66B | €6,636 | €5,524 | -€1,112 | -16.8% |
| Recurring financial charges | 65 | €6,636 | €5,524 | -€1,112 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €38,615 | €19,719 | -€18,895 | -48.9% |
| Income taxes | 67/77 | €13,730 | €8,964 | -€4,766 | -34.7% |
| Profit (loss) for the period | 9904 | €24,884 | €10,755 | -€14,129 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,884 | €10,755 | -€14,129 | -56.8% |
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 18 October 2026 via checked.be.