W-INFO: 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.
W-INFO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,209
up €4,209 (+4.8%), from €86,993 to €91,202
- Depreciation -€2,899
no longer reported in 2025 (was €2,899)
- Taxes +€1,583
up €1,583 (+7.5%), from €21,174 to €22,757
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 | €207,596 | €205,890 | -€1,706 | -0.8% |
| Fixed assets | 21/28 | €74,368 | €74,368 | = | 0.0% |
| Tangible fixed assets | 22/27 | €74,368 | €74,368 | = | 0.0% |
| Land and buildings | 22 | €74,368 | €74,368 | = | 0.0% |
| Current assets | 29/58 | €133,228 | €131,522 | -€1,706 | -1.3% |
| Amounts receivable within one year | 40/41 | €3,826 | €2,243 | -€1,583 | -41.4% |
| Other amounts receivable | 41 | €3,826 | €2,243 | -€1,583 | -41.4% |
| Cash at bank and in hand | 54/58 | €129,402 | €129,279 | -€123 | -0.1% |
| Total equity and liabilities | 10/49 | €207,596 | €205,890 | -€1,706 | -0.8% |
| Equity | 10/15 | €133,130 | €131,402 | -€1,728 | -1.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €69,345 | €69,345 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,145 | €1,145 | = | 0.0% |
| Distributable reserves | 133 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,785 | €57 | -€1,728 | -96.8% |
| Amounts payable | 17/49 | €74,467 | €74,488 | +€22 | 0.0% |
| Amounts payable within one year | 42/48 | €74,467 | €74,488 | +€22 | 0.0% |
| Trade debts | 44 | €66 | - | -€66 | |
| Suppliers | 440/4 | €66 | - | -€66 | |
| Other amounts payable | 47/48 | €74,401 | €74,488 | +€88 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,899 | - | -€2,899 | |
| Other operating charges | 640/8 | €387 | €173 | -€215 | -55.5% |
| Gross operating margin | 9900 | €86,993 | €91,202 | +€4,209 | +4.8% |
| Operating profit (loss) | 9901 | €83,707 | €91,030 | +€7,323 | +8.7% |
| Financial charges | 65/66B | €150 | - | -€150 | |
| Recurring financial charges | 65 | €150 | - | -€150 | |
| Profit (loss) for the period before taxes | 9903 | €83,557 | €91,030 | +€7,473 | +8.9% |
| Income taxes | 67/77 | €21,174 | €22,757 | +€1,583 | +7.5% |
| Profit (loss) for the period | 9904 | €62,383 | €68,272 | +€5,890 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €62,383 | €68,272 | +€5,890 | +9.4% |
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 6 October 2026 via checked.be.