TRANSFER: 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.
TRANSFER
Largest movements
- Cash -€652,739
down €652,739 (-68.0%), from €960,454 to €307,715
mainly Trade debts (-€763,799) and Accrued charges and deferred income (-€106,759)
- Receivables within one year -€63,601
down €63,601 (-1.5%), from €4.2m to €4.1m
of which Trade receivables: -€150,245
- Trade debts -€763,799
down €763,799 (-17.6%), from €4.3m to €3.6m
- Accrued charges and deferred income -€106,759
down €106,759 (-100.0%), from €106,759 to €0
- Profit (loss) carried forward +€93,507
up €93,507 (+6.4%), from -€1.5m to -€1.4m
- Tax, wage and social debts +€53,477
up €53,477 (+13.2%), from €404,102 to €457,579
of which Remuneration and social security: +€68,249
- Goods and materials -€2.8m
down €2.8m (-18.2%), from €15.2m to €12.5m
- Turnover -€2.5m
down €2.5m (-13.6%), from €18.6m to €16.1m
- Other operating charges -€226,101
down €226,101 (-91.8%), from €246,346 to €20,245
- Services and other goods -€214,382
down €214,382 (-14.5%), from €1.5m to €1.3m
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 | €5,238,157 | €4,514,582 | -€723,574 | -13.8% |
| Fixed assets | 21/28 | €111,078 | €103,843 | -€7,234 | -6.5% |
| Tangible fixed assets | 22/27 | €69,698 | €62,463 | -€7,234 | -10.4% |
| Plant, machinery and equipment | 23 | €69,698 | €62,463 | -€7,234 | -10.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €41,380 | €41,380 | = | 0.0% |
| Other financial fixed assets | 284/8 | €41,380 | €41,380 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €41,380 | €41,380 | = | 0.0% |
| Current assets | 29/58 | €5,127,079 | €4,410,739 | -€716,340 | -14.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €4,166,625 | €4,103,024 | -€63,601 | -1.5% |
| Trade receivables | 40 | €3,925,444 | €3,775,199 | -€150,245 | -3.8% |
| Other amounts receivable | 41 | €241,181 | €327,825 | +€86,644 | +35.9% |
| Cash at bank and in hand | 54/58 | €960,454 | €307,715 | -€652,739 | -68.0% |
| Total equity and liabilities | 10/49 | €5,238,157 | €4,514,582 | -€723,574 | -13.8% |
| Equity | 10/15 | €391,150 | €484,657 | +€93,507 | +23.9% |
| Contributions | 10/11 | €1,842,772 | €1,842,772 | = | 0.0% |
| Capital | 10 | €333,667 | €333,667 | = | 0.0% |
| Issued capital | 100 | €333,667 | €333,667 | = | 0.0% |
| Outside capital | 11 | €1,509,105 | €1,509,105 | = | 0.0% |
| Share premium | 1100/10 | €1,509,105 | €1,509,105 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,451,622 | -€1,358,115 | +€93,507 | +6.4% |
| Amounts payable | 17/49 | €4,847,007 | €4,029,926 | -€817,081 | -16.9% |
| Amounts payable within one year | 42/48 | €4,740,248 | €4,029,926 | -€710,322 | -15.0% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €4,336,145 | €3,572,347 | -€763,799 | -17.6% |
| Suppliers | 440/4 | €4,336,145 | €3,572,347 | -€763,799 | -17.6% |
| Taxes, remuneration and social security | 45 | €404,102 | €457,579 | +€53,477 | +13.2% |
| Taxes | 450/3 | €15,397 | €625 | -€14,772 | -95.9% |
| Remuneration and social security | 454/9 | €388,706 | €456,954 | +€68,249 | +17.6% |
| Accrued charges and deferred income | 492/3 | €106,759 | €0 | -€106,759 | -100.0% |
| Operating income | 70/76A | €18,574,780 | €16,054,576 | -€2.5m | -13.6% |
| Turnover | 70 | €18,574,780 | €16,054,576 | -€2.5m | -13.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €19,001,567 | €15,894,456 | -€3.1m | -16.4% |
| Goods for resale, raw materials and consumables | 60 | €15,249,278 | €12,473,350 | -€2.8m | -18.2% |
| Purchases | 600/8 | €15,249,278 | €12,473,350 | -€2.8m | -18.2% |
| Services and other goods | 61 | €1,483,116 | €1,268,735 | -€214,382 | -14.5% |
| Remuneration, social security and pensions | 62 | €2,005,851 | €2,120,565 | +€114,713 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,611 | €7,965 | -€646 | -7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,364 | €3,597 | -€4,768 | -57.0% |
| Other operating charges | 640/8 | €246,346 | €20,245 | -€226,101 | -91.8% |
| Operating profit (loss) | 9901 | -€426,786 | €160,121 | +€586,907 | |
| Financial income | 75/76B | €75 | €47 | -€27 | -36.6% |
| Recurring financial income | 75 | €75 | €47 | -€27 | -36.6% |
| Other financial income | 752/9 | €75 | €47 | -€27 | -36.6% |
| Financial charges | 65/66B | €132,174 | €2,186 | -€129,988 | -98.3% |
| Recurring financial charges | 65 | €132,174 | €2,186 | -€129,988 | -98.3% |
| Debt charges | 650 | €129,979 | €185 | -€129,794 | -99.9% |
| Other financial charges | 652/9 | €2,195 | €2,001 | -€194 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | -€558,886 | €157,982 | +€716,868 | |
| Income taxes | 67/77 | €45,530 | €64,475 | +€18,946 | +41.6% |
| Taxes | 670/3 | €45,530 | €64,475 | +€18,946 | +41.6% |
| Profit (loss) for the period | 9904 | -€604,416 | €93,507 | +€697,922 | |
| Profit (loss) for the period to be appropriated | 9905 | -€604,416 | €93,507 | +€697,922 |
Source: filed annual accounts (NBB), fiscal years ended 28 September 2024 and 27 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.