W5: 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.
W5
Largest movements
- Cash -€6,579
down €6,579 (-88.6%), from €7,422 to €843
mainly Debts after one year (-€10,000) and Receivables within one year (-€3,318)
- Receivables within one year +€3,318
up €3,318 (+138.2%), from €2,400 to €5,717
of which Trade receivables: +€2,885
- Debts after one year -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Profit (loss) carried forward +€7,214
up €7,214 (+3.4%), from -€213,939 to -€206,726
- Trade debts -€442
down €442 (-60.7%), from €728 to €286
- Gross operating margin -€12,091
down €12,091 (-62.4%), from €19,378 to €7,287
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 | €9,822 | €6,561 | -€3,261 | -33.2% |
| Current assets | 29/58 | €9,822 | €6,561 | -€3,261 | -33.2% |
| Amounts receivable within one year | 40/41 | €2,400 | €5,717 | +€3,318 | +138.2% |
| Trade receivables | 40 | €2,000 | €4,885 | +€2,885 | +144.3% |
| Other amounts receivable | 41 | €400 | €832 | +€433 | +108.2% |
| Cash at bank and in hand | 54/58 | €7,422 | €843 | -€6,579 | -88.6% |
| Total equity and liabilities | 10/49 | €9,822 | €6,561 | -€3,261 | -33.2% |
| Equity | 10/15 | -€57,739 | -€50,526 | +€7,214 | +12.5% |
| 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 | €94,200 | €94,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €88,000 | €88,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€213,939 | -€206,726 | +€7,214 | +3.4% |
| Amounts payable | 17/49 | €67,561 | €57,086 | -€10,475 | -15.5% |
| Amounts payable after more than one year | 17 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Financial debts | 170/4 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Amounts payable within one year | 42/48 | €7,561 | €7,086 | -€475 | -6.3% |
| Trade debts | 44 | €728 | €286 | -€442 | -60.7% |
| Suppliers | 440/4 | €728 | €286 | -€442 | -60.7% |
| Taxes, remuneration and social security | 45 | €1,200 | €1,200 | = | 0.0% |
| Taxes | 450/3 | €1,200 | €1,200 | = | 0.0% |
| Other amounts payable | 47/48 | €5,633 | €5,600 | -€33 | -0.6% |
| Other operating charges | 640/8 | €45 | €36 | -€9 | -20.1% |
| Gross operating margin | 9900 | €19,378 | €7,287 | -€12,091 | -62.4% |
| Operating profit (loss) | 9901 | €19,333 | €7,251 | -€12,082 | -62.5% |
| Financial charges | 65/66B | €34 | €38 | +€4 | +12.7% |
| Recurring financial charges | 65 | €34 | €38 | +€4 | +12.7% |
| Profit (loss) for the period before taxes | 9903 | €19,299 | €7,214 | -€12,086 | -62.6% |
| Profit (loss) for the period | 9904 | €19,299 | €7,214 | -€12,086 | -62.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,299 | €7,214 | -€12,086 | -62.6% |
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.