two ten: 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.
two ten
Largest movements
- Receivables after one year -€119,500
down €119,500 (-100%), from €119,500 to €0
- Receivables within one year +€65,662
up €65,662 (+168%), from €39,013 to €104,675
of which Other amounts receivable: +€67,806
- Cash +€10,307
up €10,307 (+101%), from €10,187 to €20,494
mainly Receivables after one year (+€119,500) and Net result for the year (+€10,920)
- Deferred charges and accrued income -€3,069
down €3,069 (-100%), from €3,069 to €0
- Other debts -€37,921
down €37,921 (-57.0%), from €66,499 to €28,579
- Tax, wage and social debts -€6,817
down €6,817 (-75.4%), from €9,044 to €2,227
- Trade debts -€6,782
down €6,782 (-41.7%), from €16,265 to €9,482
- Reserves +€4,920
up €4,920 (+7.3%), from €67,161 to €72,081
of which Distributable reserves: +€4,920
- Other operating charges +€24,103
up €24,103 (+3,542%), from €681 to €24,783
- Write-downs -€17,043
new in 2025: -€17,043
- Gross operating margin +€15,384
up €15,384 (+381%), from €4,043 to €19,427
- Financial charges +€12,194
up €12,194, from -€11,930 to €263
- Taxes -€4,378
down €4,378 (-66.3%), from €6,604 to €2,227
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 | €171,768 | €125,168 | -€46,600 | -27.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €171,768 | €125,168 | -€46,600 | -27.1% |
| Amounts receivable after more than one year | 29 | €119,500 | €0 | -€119,500 | -100% |
| Other amounts receivable | 291 | €119,500 | €0 | -€119,500 | -100% |
| Amounts receivable within one year | 40/41 | €39,013 | €104,675 | +€65,662 | +168% |
| Trade receivables | 40 | €15,242 | €13,098 | -€2,144 | -14.1% |
| Other amounts receivable | 41 | €23,770 | €91,576 | +€67,806 | +285% |
| Cash at bank and in hand | 54/58 | €10,187 | €20,494 | +€10,307 | +101% |
| Deferred charges and accrued income | 490/1 | €3,069 | €0 | -€3,069 | -100% |
| Total equity and liabilities | 10/49 | €171,768 | €125,168 | -€46,600 | -27.1% |
| Equity | 10/15 | €79,961 | €84,881 | +€4,920 | +6.2% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €67,161 | €72,081 | +€4,920 | +7.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €65,301 | €70,221 | +€4,920 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,807 | €40,288 | -€51,520 | -56.1% |
| Amounts payable within one year | 42/48 | €91,807 | €40,288 | -€51,520 | -56.1% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €16,265 | €9,482 | -€6,782 | -41.7% |
| Suppliers | 440/4 | €16,265 | €9,482 | -€6,782 | -41.7% |
| Taxes, remuneration and social security | 45 | €9,044 | €2,227 | -€6,817 | -75.4% |
| Taxes | 450/3 | €9,044 | €2,227 | -€6,817 | -75.4% |
| Other amounts payable | 47/48 | €66,499 | €28,579 | -€37,921 | -57.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €247 | €0 | -€247 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€17,043 | -€17,043 | |
| Other operating charges | 640/8 | €681 | €24,783 | +€24,103 | +3,542% |
| Gross operating margin | 9900 | €4,043 | €19,427 | +€15,384 | +381% |
| Operating profit (loss) | 9901 | €3,116 | €11,686 | +€8,571 | +275% |
| Financial income | 75/76B | €4,085 | €1,723 | -€2,362 | -57.8% |
| Recurring financial income | 75 | €4,085 | €1,723 | -€2,362 | -57.8% |
| Financial charges | 65/66B | -€11,930 | €263 | +€12,194 | |
| Recurring financial charges | 65 | -€11,930 | €263 | +€12,194 | |
| Profit (loss) for the period before taxes | 9903 | €19,131 | €13,147 | -€5,985 | -31.3% |
| Income taxes | 67/77 | €6,604 | €2,227 | -€4,378 | -66.3% |
| Profit (loss) for the period | 9904 | €12,527 | €10,920 | -€1,607 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,527 | €10,920 | -€1,607 | -12.8% |
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 14 October 2026 via checked.be.