TWENTY-SIX: 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.
TWENTY-SIX
Largest movements
- Receivables within one year +€2,539
up €2,539 (+464%), from €547 to €3,086
of which Other amounts receivable: +€2,266
- Tangible fixed assets -€2,229
down €2,229 (-46.2%), from €4,823 to €2,594
of which Plant, machinery and equipment: -€1,532
- Financial fixed assets +€906
up €906 (+2.4%), from €37,361 to €38,267
- Stocks and contracts -€748
down €748 (-22.6%), from €3,316 to €2,568
- Profit (loss) carried forward +€29,420
up €29,420 (+31.5%), from -€93,385 to -€63,965
- Debts after one year -€16,122
down €16,122 (-20.8%), from €77,502 to €61,380
- Trade debts -€11,183
down €11,183 (-52.9%), from €21,148 to €9,965
- Tax, wage and social debts -€2,027
down €2,027 (-19.3%), from €10,522 to €8,495
of which Remuneration and social security: -€3,240
- Staff costs -€26,838
down €26,838 (-23.5%), from €114,213 to €87,374
- Gross operating margin -€8,123
down €8,123 (-6.3%), from €128,556 to €120,433
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 | €52,073 | €52,259 | +€186 | +0.4% |
| Fixed assets | 21/28 | €42,184 | €40,861 | -€1,323 | -3.1% |
| Tangible fixed assets | 22/27 | €4,823 | €2,594 | -€2,229 | -46.2% |
| Plant, machinery and equipment | 23 | €2,619 | €1,087 | -€1,532 | -58.5% |
| Other tangible fixed assets | 26 | €2,204 | €1,507 | -€697 | -31.6% |
| Financial fixed assets | 28 | €37,361 | €38,267 | +€906 | +2.4% |
| Current assets | 29/58 | €9,889 | €11,398 | +€1,509 | +15.3% |
| Stocks and contracts in progress | 3 | €3,316 | €2,568 | -€748 | -22.6% |
| Stocks | 30/36 | €3,316 | €2,568 | -€748 | -22.6% |
| Amounts receivable within one year | 40/41 | €547 | €3,086 | +€2,539 | +464% |
| Trade receivables | 40 | €0 | €273 | +€273 | |
| Other amounts receivable | 41 | €547 | €2,813 | +€2,266 | +414% |
| Cash at bank and in hand | 54/58 | €3,029 | €2,603 | -€426 | -14.1% |
| Deferred charges and accrued income | 490/1 | €2,997 | €3,141 | +€143 | +4.8% |
| Total equity and liabilities | 10/49 | €52,073 | €52,259 | +€186 | +0.4% |
| Equity | 10/15 | -€83,904 | -€54,484 | +€29,420 | +35.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €3,281 | €3,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €1,421 | €1,421 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,385 | -€63,965 | +€29,420 | +31.5% |
| Amounts payable | 17/49 | €135,977 | €106,743 | -€29,234 | -21.5% |
| Amounts payable after more than one year | 17 | €77,502 | €61,380 | -€16,122 | -20.8% |
| Financial debts | 170/4 | €77,502 | €61,380 | -€16,122 | -20.8% |
| Amounts payable within one year | 42/48 | €57,979 | €44,934 | -€13,045 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €16,432 | €16,122 | -€310 | -1.9% |
| Financial debts | 43 | €9,878 | €10,352 | +€474 | +4.8% |
| Credit institutions | 430/8 | €6,209 | €6,080 | -€129 | -2.1% |
| Other loans | 439 | €3,669 | €4,272 | +€603 | +16.4% |
| Trade debts | 44 | €21,148 | €9,965 | -€11,183 | -52.9% |
| Suppliers | 440/4 | €21,148 | €9,965 | -€11,183 | -52.9% |
| Taxes, remuneration and social security | 45 | €10,522 | €8,495 | -€2,027 | -19.3% |
| Taxes | 450/3 | €109 | €1,323 | +€1,214 | +1,113% |
| Remuneration and social security | 454/9 | €10,413 | €7,173 | -€3,240 | -31.1% |
| Accrued charges and deferred income | 492/3 | €496 | €429 | -€67 | -13.6% |
| Remuneration, social security and pensions | 62 | €114,213 | €87,374 | -€26,838 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,730 | €2,229 | -€501 | -18.3% |
| Other operating charges | 640/8 | €693 | €759 | +€66 | +9.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €128,556 | €120,433 | -€8,123 | -6.3% |
| Operating profit (loss) | 9901 | €10,920 | €30,070 | +€19,150 | +175% |
| Financial income | 75/76B | €320 | €1,182 | +€862 | +269% |
| Recurring financial income | 75 | €320 | €1,182 | +€862 | +269% |
| Financial charges | 65/66B | €2,619 | €1,832 | -€787 | -30.1% |
| Recurring financial charges | 65 | €2,619 | €1,832 | -€787 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €8,621 | €29,421 | +€20,799 | +241% |
| Income taxes | 67/77 | €0 | €0 | +€0 | +267% |
| Profit (loss) for the period | 9904 | €8,621 | €29,420 | +€20,799 | +241% |
| Profit (loss) for the period to be appropriated | 9905 | €8,621 | €29,420 | +€20,799 | +241% |
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.