WHOLE SYSTEMS: 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.
WHOLE SYSTEMS
Largest movements
- Tangible fixed assets -€30,676
down €30,676 (-9.7%), from €317,778 to €287,101
of which Land and buildings: -€21,777
- Deferred charges and accrued income -€16,210
down €16,210 (-46.1%), from €35,145 to €18,935
- Financial fixed assets -€9,839
down €9,839 (-18.7%), from €52,623 to €42,784
- Receivables within one year -€9,590
down €9,590 (-38.8%), from €24,716 to €15,127
of which Trade receivables: -€16,128
- Profit (loss) carried forward -€105,820
down €105,820 (-102%), from -€103,524 to -€209,344
- Debts after one year +€25,000
up €25,000 (+17.4%), from €144,000 to €169,000
- Other debts +€18,978
up €18,978 (+12.7%), from €149,388 to €168,366
- Trade debts -€8,959
down €8,959 (-8.6%), from €104,662 to €95,702
- Accrued charges and deferred income +€7,570
up €7,570 (+11.3%), from €67,241 to €74,811
- Gross operating margin -€24,056
down €24,056 (-112%), from -€21,493 to -€45,549
- Financial charges -€16,608
down €16,608 (-67.0%), from €24,781 to €8,174
- Staff costs +€7,510
up €7,510 (+200%), from €3,758 to €11,267
- Financial income -€1,126
down €1,126 (-100.0%), from €1,126 to €0
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 | €434,381 | €366,734 | -€67,647 | -15.6% |
| Fixed assets | 21/28 | €370,401 | €329,885 | -€40,516 | -10.9% |
| Tangible fixed assets | 22/27 | €317,778 | €287,101 | -€30,676 | -9.7% |
| Land and buildings | 22 | €214,054 | €192,277 | -€21,777 | -10.2% |
| Plant, machinery and equipment | 23 | €93,987 | €84,145 | -€9,842 | -10.5% |
| Furniture and vehicles | 24 | €9,737 | €10,679 | +€942 | +9.7% |
| Financial fixed assets | 28 | €52,623 | €42,784 | -€9,839 | -18.7% |
| Current assets | 29/58 | €63,980 | €36,849 | -€27,131 | -42.4% |
| Amounts receivable within one year | 40/41 | €24,716 | €15,127 | -€9,590 | -38.8% |
| Trade receivables | 40 | €21,933 | €5,806 | -€16,128 | -73.5% |
| Other amounts receivable | 41 | €2,783 | €9,321 | +€6,538 | +235% |
| Cash at bank and in hand | 54/58 | €4,119 | €2,787 | -€1,332 | -32.3% |
| Deferred charges and accrued income | 490/1 | €35,145 | €18,935 | -€16,210 | -46.1% |
| Total equity and liabilities | 10/49 | €434,381 | €366,734 | -€67,647 | -15.6% |
| Equity | 10/15 | -€35,324 | -€141,144 | -€105,820 | -300% |
| 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 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€103,524 | -€209,344 | -€105,820 | -102% |
| Amounts payable | 17/49 | €469,705 | €507,879 | +€38,173 | +8.1% |
| Amounts payable after more than one year | 17 | €144,000 | €169,000 | +€25,000 | +17.4% |
| Financial debts | 170/4 | €144,000 | €169,000 | +€25,000 | +17.4% |
| Amounts payable within one year | 42/48 | €258,465 | €264,068 | +€5,604 | +2.2% |
| Trade debts | 44 | €104,662 | €95,702 | -€8,959 | -8.6% |
| Suppliers | 440/4 | €104,662 | €95,702 | -€8,959 | -8.6% |
| Taxes, remuneration and social security | 45 | €4,415 | - | -€4,415 | |
| Taxes | 450/3 | €468 | - | -€468 | |
| Remuneration and social security | 454/9 | €3,947 | - | -€3,947 | |
| Other amounts payable | 47/48 | €149,388 | €168,366 | +€18,978 | +12.7% |
| Accrued charges and deferred income | 492/3 | €67,241 | €74,811 | +€7,570 | +11.3% |
| Remuneration, social security and pensions | 62 | €3,758 | €11,267 | +€7,510 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,190 | €34,523 | +€332 | +1.0% |
| Other operating charges | 640/8 | €6,532 | €6,308 | -€224 | -3.4% |
| Gross operating margin | 9900 | -€21,493 | -€45,549 | -€24,056 | -112% |
| Operating profit (loss) | 9901 | -€65,973 | -€97,647 | -€31,674 | -48.0% |
| Financial income | 75/76B | €1,126 | €0 | -€1,126 | -100.0% |
| Recurring financial income | 75 | €1,126 | €0 | -€1,126 | -100.0% |
| Financial charges | 65/66B | €24,781 | €8,174 | -€16,608 | -67.0% |
| Recurring financial charges | 65 | €24,781 | €8,174 | -€16,608 | -67.0% |
| Profit (loss) for the period before taxes | 9903 | -€89,629 | -€105,820 | -€16,192 | -18.1% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€89,629 | -€105,820 | -€16,192 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€89,629 | -€105,820 | -€16,192 | -18.1% |
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 16 October 2026 via checked.be.