WALK THE TALK: 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.
WALK THE TALK
Largest movements
- Cash +€157,245
up €157,245 (+243%), from €64,588 to €221,832
mainly Current investments (+€150,000) and Net result for the year (+€45,917)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year -€14,717
down €14,717 (-21.3%), from €68,979 to €54,262
of which Trade receivables: -€18,232
- Tangible fixed assets -€5,531
down €5,531 (-28.3%), from €19,564 to €14,033
of which Other tangible fixed assets: -€5,039
- Reserves -€24,337
down €24,337 (-11.7%), from €208,835 to €184,499
- Tax, wage and social debts +€12,087
up €12,087 (+99.4%), from €12,155 to €24,242
of which Taxes: +€15,467
- Taxes +€3,391
up €3,391 (+22.9%), from €14,810 to €18,200
- Gross operating margin +€3,272
up €3,272 (+5.0%), from €64,868 to €68,139
- Financial income +€2,476
up €2,476 (+94.3%), from €2,624 to €5,100
- Depreciation -€1,127
down €1,127 (-16.9%), from €6,658 to €5,531
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 | €304,926 | €293,098 | -€11,829 | -3.9% |
| Fixed assets | 21/28 | €19,564 | €14,033 | -€5,531 | -28.3% |
| Tangible fixed assets | 22/27 | €19,564 | €14,033 | -€5,531 | -28.3% |
| Plant, machinery and equipment | 23 | €942 | €449 | -€492 | -52.3% |
| Other tangible fixed assets | 26 | €18,623 | €13,583 | -€5,039 | -27.1% |
| Current assets | 29/58 | €285,362 | €279,065 | -€6,298 | -2.2% |
| Amounts receivable within one year | 40/41 | €68,979 | €54,262 | -€14,717 | -21.3% |
| Trade receivables | 40 | €66,094 | €47,862 | -€18,232 | -27.6% |
| Other amounts receivable | 41 | €2,885 | €6,400 | +€3,515 | +122% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €64,588 | €221,832 | +€157,245 | +243% |
| Deferred charges and accrued income | 490/1 | €1,796 | €2,971 | +€1,175 | +65.4% |
| Total equity and liabilities | 10/49 | €304,926 | €293,098 | -€11,829 | -3.9% |
| Equity | 10/15 | €227,435 | €203,099 | -€24,337 | -10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €208,835 | €184,499 | -€24,337 | -11.7% |
| Distributable reserves | 133 | €208,835 | €184,499 | -€24,337 | -11.7% |
| Amounts payable | 17/49 | €77,491 | €89,999 | +€12,508 | +16.1% |
| Amounts payable within one year | 42/48 | €75,991 | €88,499 | +€12,508 | +16.5% |
| Trade debts | 44 | €1,799 | €1,547 | -€252 | -14.0% |
| Suppliers | 440/4 | €1,799 | €1,547 | -€252 | -14.0% |
| Taxes, remuneration and social security | 45 | €12,155 | €24,242 | +€12,087 | +99.4% |
| Taxes | 450/3 | €8,775 | €24,242 | +€15,467 | +176% |
| Remuneration and social security | 454/9 | €3,380 | - | -€3,380 | |
| Other amounts payable | 47/48 | €62,037 | €62,710 | +€673 | +1.1% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,658 | €5,531 | -€1,127 | -16.9% |
| Other operating charges | 640/8 | €1,942 | €1,797 | -€145 | -7.4% |
| Gross operating margin | 9900 | €64,868 | €68,139 | +€3,272 | +5.0% |
| Operating profit (loss) | 9901 | €56,267 | €60,811 | +€4,543 | +8.1% |
| Financial income | 75/76B | €2,624 | €5,100 | +€2,476 | +94.3% |
| Recurring financial income | 75 | €2,624 | €5,100 | +€2,476 | +94.3% |
| Financial charges | 65/66B | €2,111 | €1,794 | -€317 | -15.0% |
| Recurring financial charges | 65 | €2,111 | €1,794 | -€317 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €56,781 | €64,117 | +€7,336 | +12.9% |
| Income taxes | 67/77 | €14,810 | €18,200 | +€3,391 | +22.9% |
| Profit (loss) for the period | 9904 | €41,971 | €45,917 | +€3,946 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €41,971 | €45,917 | +€3,946 | +9.4% |
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 14 October 2026 via checked.be.