UP: 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.
UP
Largest movements
- Cash +€35,704
up €35,704 (+80.6%), from €44,314 to €80,018
mainly Net result for the year (+€90,745) and Tax, wage and social debts (+€30,773)
- Tangible fixed assets -€19,518
down €19,518 (-3.7%), from €527,235 to €507,718
of which Land and buildings: -€10,843
- Profit (loss) carried forward +€90,745
up €90,745 (+34.1%), from €266,419 to €357,164
- Debts after one year -€60,018
down €60,018 (-33.6%), from €178,511 to €118,494
of which Other amounts payable: -€50,000
- Other debts -€44,829
down €44,829 (-61.8%), from €72,528 to €27,699
- Tax, wage and social debts +€30,773
up €30,773 (+110.4%), from €27,881 to €58,653
of which Taxes: +€29,501
- Gross operating margin +€51,617
up €51,617 (+27.6%), from €186,775 to €238,392
- Taxes +€27,548
up €27,548 (+386.1%), from €7,135 to €34,683
- Staff costs +€8,239
up €8,239 (+11.2%), from €73,466 to €81,704
- Financial charges -€2,993
down €2,993 (-29.5%), from €10,148 to €7,155
- Other operating charges -€2,512
down €2,512 (-42.0%), from €5,984 to €3,473
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 | €575,508 | €590,983 | +€15,475 | +2.7% |
| Fixed assets | 21/28 | €527,235 | €507,718 | -€19,518 | -3.7% |
| Tangible fixed assets | 22/27 | €527,235 | €507,718 | -€19,518 | -3.7% |
| Land and buildings | 22 | €489,043 | €478,200 | -€10,843 | -2.2% |
| Plant, machinery and equipment | 23 | €37,776 | €28,279 | -€9,497 | -25.1% |
| Furniture and vehicles | 24 | €416 | €1,239 | +€823 | +198.0% |
| Current assets | 29/58 | €48,272 | €83,265 | +€34,993 | +72.5% |
| Amounts receivable within one year | 40/41 | €484 | €1,234 | +€750 | +154.9% |
| Trade receivables | 40 | €484 | €1,234 | +€750 | +154.9% |
| Cash at bank and in hand | 54/58 | €44,314 | €80,018 | +€35,704 | +80.6% |
| Deferred charges and accrued income | 490/1 | €3,475 | €2,013 | -€1,462 | -42.1% |
| Total equity and liabilities | 10/49 | €575,508 | €590,983 | +€15,475 | +2.7% |
| Equity | 10/15 | €274,779 | €365,524 | +€90,745 | +33.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €266,419 | €357,164 | +€90,745 | +34.1% |
| Amounts payable | 17/49 | €300,729 | €225,459 | -€75,270 | -25.0% |
| Amounts payable after more than one year | 17 | €178,511 | €118,494 | -€60,018 | -33.6% |
| Financial debts | 170/4 | €53,511 | €43,494 | -€10,018 | -18.7% |
| Other amounts payable | 178/9 | €125,000 | €75,000 | -€50,000 | -40.0% |
| Amounts payable within one year | 42/48 | €114,793 | €103,043 | -€11,750 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €9,937 | €10,018 | +€81 | +0.8% |
| Trade debts | 44 | €4,447 | €6,673 | +€2,225 | +50.0% |
| Suppliers | 440/4 | €4,447 | €6,673 | +€2,225 | +50.0% |
| Taxes, remuneration and social security | 45 | €27,881 | €58,653 | +€30,773 | +110.4% |
| Taxes | 450/3 | €15,577 | €45,078 | +€29,501 | +189.4% |
| Remuneration and social security | 454/9 | €12,304 | €13,575 | +€1,271 | +10.3% |
| Other amounts payable | 47/48 | €72,528 | €27,699 | -€44,829 | -61.8% |
| Accrued charges and deferred income | 492/3 | €7,425 | €3,922 | -€3,502 | -47.2% |
| Remuneration, social security and pensions | 62 | €73,466 | €81,704 | +€8,239 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,057 | €20,718 | -€340 | -1.6% |
| Other operating charges | 640/8 | €5,984 | €3,473 | -€2,512 | -42.0% |
| Gross operating margin | 9900 | €186,775 | €238,392 | +€51,617 | +27.6% |
| Operating profit (loss) | 9901 | €86,268 | €132,498 | +€46,229 | +53.6% |
| Financial income | 75/76B | €45 | €85 | +€40 | +89.0% |
| Recurring financial income | 75 | €45 | €85 | +€40 | +89.0% |
| Financial charges | 65/66B | €10,148 | €7,155 | -€2,993 | -29.5% |
| Recurring financial charges | 65 | €10,148 | €7,155 | -€2,993 | -29.5% |
| Profit (loss) for the period before taxes | 9903 | €76,165 | €125,428 | +€49,262 | +64.7% |
| Income taxes | 67/77 | €7,135 | €34,683 | +€27,548 | +386.1% |
| Profit (loss) for the period | 9904 | €69,030 | €90,745 | +€21,715 | +31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,030 | €90,745 | +€21,715 | +31.5% |
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 1 October 2026 via checked.be.