Untold Stories...: 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.
Untold Stories...
Largest movements
- Stocks and contracts -€40,947
down €40,947 (-71.1%), from €57,613 to €16,666
- Receivables within one year +€31,565
up €31,565 (+165%), from €19,118 to €50,682
of which Trade receivables: +€20,543
- Cash -€24,840
down €24,840 (-59.5%), from €41,729 to €16,889
mainly Receivables within one year (-€31,565) and Net result for the year (-€29,977)
- Profit (loss) carried forward -€29,977
down €29,977, from €12,403 to -€17,574
- Tax, wage and social debts -€8,887
down €8,887 (-73.6%), from €12,077 to €3,190
of which Taxes: -€8,091
- Trade debts +€4,941
up €4,941 (+94.6%), from €5,223 to €10,164
- Contributions +€1,860
up €1,860 (+30.0%), from €6,200 to €8,060
- Reserves -€1,860
down €1,860 (-2.0%), from €91,860 to €90,000
of which Non-distributable reserves: -€1,860
- Gross operating margin -€53,921
down €53,921, from €29,619 to -€24,302
- Staff costs -€11,505
no longer reported in 2025 (was €11,505)
- Taxes -€1,633
down €1,633, from €1,500 to -€133
- Financial charges +€1,106
up €1,106 (+151%), from €734 to €1,840
- Other operating charges -€748
down €748 (-28.4%), from €2,637 to €1,889
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 | €128,657 | €93,840 | -€34,817 | -27.1% |
| Fixed assets | 21/28 | €10,197 | €9,602 | -€595 | -5.8% |
| Tangible fixed assets | 22/27 | €7,647 | €7,052 | -€595 | -7.8% |
| Land and buildings | 22 | €1,404 | €1,197 | -€207 | -14.7% |
| Furniture and vehicles | 24 | €4,553 | €4,340 | -€213 | -4.7% |
| Other tangible fixed assets | 26 | €1,690 | €1,515 | -€175 | -10.3% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €118,460 | €84,238 | -€34,222 | -28.9% |
| Stocks and contracts in progress | 3 | €57,613 | €16,666 | -€40,947 | -71.1% |
| Stocks | 30/36 | €57,613 | €16,666 | -€40,947 | -71.1% |
| Amounts receivable within one year | 40/41 | €19,118 | €50,682 | +€31,565 | +165% |
| Trade receivables | 40 | €15,679 | €36,222 | +€20,543 | +131% |
| Other amounts receivable | 41 | €3,438 | €14,460 | +€11,022 | +321% |
| Cash at bank and in hand | 54/58 | €41,729 | €16,889 | -€24,840 | -59.5% |
| Total equity and liabilities | 10/49 | €128,657 | €93,840 | -€34,817 | -27.1% |
| Equity | 10/15 | €110,463 | €80,486 | -€29,977 | -27.1% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €91,860 | €90,000 | -€1,860 | -2.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,403 | -€17,574 | -€29,977 | |
| Amounts payable | 17/49 | €18,194 | €13,354 | -€4,840 | -26.6% |
| Amounts payable within one year | 42/48 | €17,300 | €13,354 | -€3,946 | -22.8% |
| Trade debts | 44 | €5,223 | €10,164 | +€4,941 | +94.6% |
| Suppliers | 440/4 | €5,223 | €10,164 | +€4,941 | +94.6% |
| Taxes, remuneration and social security | 45 | €12,077 | €3,190 | -€8,887 | -73.6% |
| Taxes | 450/3 | €11,280 | €3,190 | -€8,091 | -71.7% |
| Remuneration and social security | 454/9 | €797 | - | -€797 | |
| Accrued charges and deferred income | 492/3 | €894 | - | -€894 | |
| Remuneration, social security and pensions | 62 | €11,505 | - | -€11,505 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,645 | €2,080 | +€435 | +26.5% |
| Other operating charges | 640/8 | €2,637 | €1,889 | -€748 | -28.4% |
| Gross operating margin | 9900 | €29,619 | -€24,302 | -€53,921 | |
| Operating profit (loss) | 9901 | €13,833 | -€28,271 | -€42,103 | |
| Financial income | 75/76B | €419 | - | -€419 | |
| Recurring financial income | 75 | €419 | - | -€419 | |
| Financial charges | 65/66B | €734 | €1,840 | +€1,106 | +151% |
| Recurring financial charges | 65 | €734 | €1,840 | +€1,106 | +151% |
| Profit (loss) for the period before taxes | 9903 | €13,518 | -€30,110 | -€43,629 | |
| Income taxes | 67/77 | €1,500 | -€133 | -€1,633 | |
| Profit (loss) for the period | 9904 | €12,018 | -€29,977 | -€41,995 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,018 | -€29,977 | -€41,995 |
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.