VOICES: 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.
VOICES
Largest movements
- Cash +€173,324
up €173,324 (+619.9%), from €27,959 to €201,283
mainly Net result for the year (+€103,162) and Deferred charges and accrued income (+€66,883)
- Deferred charges and accrued income -€66,883
down €66,883 (-98.4%), from €67,981 to €1,098
- Receivables within one year +€20,253
up €20,253 (+150.8%), from €13,427 to €33,680
of which Other amounts receivable: +€15,217
- Tangible fixed assets -€16,255
down €16,255 (-89.7%), from €18,126 to €1,870
- Profit (loss) carried forward +€53,162
up €53,162, from -€44,922 to €8,240
- Other debts +€45,290
up €45,290 (+434.1%), from €10,434 to €55,724
- Contributions +€12,395
up €12,395 (+199.7%), from €6,205 to €18,600
- Current portion of long-term debt -€2,694
down €2,694 (-100.0%), from €2,694 to €0
- Gross operating margin +€178,288
up €178,288, from -€37,094 to €141,194
- Taxes +€17,050
up €17,050 (+1501.2%), from €1,136 to €18,185
- Other operating charges +€2,727
up €2,727 (+260.0%), from €1,049 to €3,776
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 | €127,498 | €237,937 | +€110,439 | +86.6% |
| Fixed assets | 21/28 | €18,131 | €1,875 | -€16,255 | -89.7% |
| Tangible fixed assets | 22/27 | €18,126 | €1,870 | -€16,255 | -89.7% |
| Furniture and vehicles | 24 | €18,126 | €1,870 | -€16,255 | -89.7% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €109,367 | €236,061 | +€126,694 | +115.8% |
| Amounts receivable within one year | 40/41 | €13,427 | €33,680 | +€20,253 | +150.8% |
| Trade receivables | 40 | €0 | €5,036 | +€5,036 | |
| Other amounts receivable | 41 | €13,427 | €28,644 | +€15,217 | +113.3% |
| Cash at bank and in hand | 54/58 | €27,959 | €201,283 | +€173,324 | +619.9% |
| Deferred charges and accrued income | 490/1 | €67,981 | €1,098 | -€66,883 | -98.4% |
| Total equity and liabilities | 10/49 | €127,498 | €237,937 | +€110,439 | +86.6% |
| Equity | 10/15 | €113,143 | €178,700 | +€65,557 | +57.9% |
| Contributions | 10/11 | €6,205 | €18,600 | +€12,395 | +199.7% |
| Reserves | 13 | €151,860 | €151,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €151,860 | €151,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,922 | €8,240 | +€53,162 | |
| Amounts payable | 17/49 | €14,355 | €59,237 | +€44,882 | +312.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €14,041 | €58,224 | +€44,184 | +314.7% |
| Current portion of amounts payable after more than one year | 42 | €2,694 | €0 | -€2,694 | -100.0% |
| Trade debts | 44 | €912 | €661 | -€252 | -27.6% |
| Suppliers | 440/4 | €912 | €661 | -€252 | -27.6% |
| Taxes, remuneration and social security | 45 | €0 | €1,840 | +€1,840 | |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | - | €1,840 | +€1,840 | |
| Other amounts payable | 47/48 | €10,434 | €55,724 | +€45,290 | +434.1% |
| Accrued charges and deferred income | 492/3 | €314 | €1,012 | +€699 | +222.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,255 | €16,255 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,049 | €3,776 | +€2,727 | +260.0% |
| Gross operating margin | 9900 | -€37,094 | €141,194 | +€178,288 | |
| Operating profit (loss) | 9901 | -€54,399 | €121,162 | +€175,561 | |
| Financial income | 75/76B | €11 | €567 | +€557 | +5291.6% |
| Recurring financial income | 75 | €11 | €567 | +€557 | +5291.6% |
| Financial charges | 65/66B | €535 | €382 | -€154 | -28.7% |
| Recurring financial charges | 65 | €535 | €382 | -€154 | -28.7% |
| Profit (loss) for the period before taxes | 9903 | -€54,924 | €121,347 | +€176,271 | |
| Income taxes | 67/77 | €1,136 | €18,185 | +€17,050 | +1501.2% |
| Profit (loss) for the period | 9904 | -€56,060 | €103,162 | +€159,222 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,060 | €103,162 | +€159,222 |
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 4 October 2026 via checked.be.