Touch down: 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.
Touch down
Largest movements
- Receivables within one year -€13,401
down €13,401 (-20.8%), from €64,514 to €51,113
of which Trade receivables: -€19,769
- Cash -€9,709
down €9,709 (-85.6%), from €11,349 to €1,640
mainly Tax, wage and social debts (-€22,699) and Net result for the year (-€9,424)
- Tax, wage and social debts -€22,699
down €22,699 (-86.4%), from €26,272 to €3,573
of which Remuneration and social security: -€20,065
- Other debts +€13,536
up €13,536 (+15.0%), from €90,518 to €104,054
- Profit (loss) carried forward -€9,424
down €9,424 (-6.4%), from -€147,486 to -€156,909
- Trade debts -€5,211
down €5,211 (-21.9%), from €23,770 to €18,559
- Gross operating margin -€60,319
down €60,319 (-71.2%), from €84,729 to €24,411
- Staff costs -€25,160
down €25,160 (-48.6%), from €51,723 to €26,563
- Financial charges +€5,919
up €5,919 (+1861.6%), from €318 to €6,237
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 | €76,799 | €53,003 | -€23,797 | -31.0% |
| Fixed assets | 21/28 | €576 | €250 | -€326 | -56.6% |
| Tangible fixed assets | 22/27 | €326 | - | -€326 | |
| Furniture and vehicles | 24 | €326 | - | -€326 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €76,224 | €52,753 | -€23,471 | -30.8% |
| Amounts receivable within one year | 40/41 | €64,514 | €51,113 | -€13,401 | -20.8% |
| Trade receivables | 40 | €46,490 | €26,721 | -€19,769 | -42.5% |
| Other amounts receivable | 41 | €18,024 | €24,392 | +€6,367 | +35.3% |
| Cash at bank and in hand | 54/58 | €11,349 | €1,640 | -€9,709 | -85.6% |
| Deferred charges and accrued income | 490/1 | €360 | - | -€360 | |
| Total equity and liabilities | 10/49 | €76,799 | €53,003 | -€23,797 | -31.0% |
| Equity | 10/15 | -€141,284 | -€150,708 | -€9,424 | -6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Uncalled capital | 101 | - | €12,400 | +€12,400 | |
| Reserves | 13 | €1 | €1 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1 | €1 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,486 | -€156,909 | -€9,424 | -6.4% |
| Amounts payable | 17/49 | €218,084 | €203,711 | -€14,373 | -6.6% |
| Amounts payable after more than one year | 17 | €77,525 | €77,525 | = | 0.0% |
| Financial debts | 170/4 | €77,525 | €77,525 | = | 0.0% |
| Amounts payable within one year | 42/48 | €140,559 | €126,186 | -€14,373 | -10.2% |
| Trade debts | 44 | €23,770 | €18,559 | -€5,211 | -21.9% |
| Suppliers | 440/4 | €23,770 | €18,559 | -€5,211 | -21.9% |
| Taxes, remuneration and social security | 45 | €26,272 | €3,573 | -€22,699 | -86.4% |
| Taxes | 450/3 | €6,207 | €3,573 | -€2,634 | -42.4% |
| Remuneration and social security | 454/9 | €20,065 | - | -€20,065 | |
| Other amounts payable | 47/48 | €90,518 | €104,054 | +€13,536 | +15.0% |
| Remuneration, social security and pensions | 62 | €51,723 | €26,563 | -€25,160 | -48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373 | €326 | -€47 | -12.6% |
| Other operating charges | 640/8 | €403 | €708 | +€306 | +75.9% |
| Gross operating margin | 9900 | €84,729 | €24,411 | -€60,319 | -71.2% |
| Operating profit (loss) | 9901 | €32,231 | -€3,186 | -€35,417 | |
| Financial income | 75/76B | €101 | - | -€101 | |
| Recurring financial income | 75 | €101 | - | -€101 | |
| Financial charges | 65/66B | €318 | €6,237 | +€5,919 | +1861.6% |
| Recurring financial charges | 65 | €318 | €6,237 | +€5,919 | +1861.6% |
| Profit (loss) for the period before taxes | 9903 | €32,014 | -€9,424 | -€41,438 | |
| Profit (loss) for the period | 9904 | €32,014 | -€9,424 | -€41,438 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,014 | -€9,424 | -€41,438 |
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 6 October 2026 via checked.be.