X - FRAME: 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.
X - FRAME
Largest movements
- Cash +€119,276
up €119,276 (+223.4%), from €53,381 to €172,657
mainly Current investments (+€90,000) and Net result for the year (+€45,286)
- Current investments -€90,000
down €90,000 (-23.1%), from €390,000 to €300,000
- Tangible fixed assets -€15,351
down €15,351 (-11.5%), from €133,656 to €118,305
- Reserves +€45,286
up €45,286 (+8.4%), from €541,172 to €586,459
- Other debts -€29,804
down €29,804 (-90.6%), from €32,894 to €3,089
- Gross operating margin +€10,150
up €10,150 (+14.2%), from €71,231 to €81,381
- Financial income -€4,192
down €4,192 (-48.4%), from €8,659 to €4,467
- Taxes +€2,119
up €2,119 (+13.6%), from €15,541 to €17,660
- Depreciation -€1,338
down €1,338 (-6.0%), from €22,366 to €21,028
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 | €596,087 | €610,184 | +€14,098 | +2.4% |
| Fixed assets | 21/28 | €133,656 | €118,305 | -€15,351 | -11.5% |
| Tangible fixed assets | 22/27 | €133,656 | €118,305 | -€15,351 | -11.5% |
| Plant, machinery and equipment | 23 | €10,404 | €6,386 | -€4,017 | -38.6% |
| Furniture and vehicles | 24 | €41,850 | €34,249 | -€7,601 | -18.2% |
| Other tangible fixed assets | 26 | €81,403 | €77,670 | -€3,733 | -4.6% |
| Current assets | 29/58 | €462,430 | €491,879 | +€29,449 | +6.4% |
| Amounts receivable within one year | 40/41 | €16,931 | €18,422 | +€1,491 | +8.8% |
| Trade receivables | 40 | €13,620 | €13,128 | -€492 | -3.6% |
| Other amounts receivable | 41 | €3,311 | €5,295 | +€1,983 | +59.9% |
| Current investments | 50/53 | €390,000 | €300,000 | -€90,000 | -23.1% |
| Cash at bank and in hand | 54/58 | €53,381 | €172,657 | +€119,276 | +223.4% |
| Deferred charges and accrued income | 490/1 | €2,118 | €800 | -€1,318 | -62.2% |
| Total equity and liabilities | 10/49 | €596,087 | €610,184 | +€14,098 | +2.4% |
| Equity | 10/15 | €547,372 | €592,659 | +€45,286 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €541,172 | €586,459 | +€45,286 | +8.4% |
| Distributable reserves | 133 | €541,172 | €586,459 | +€45,286 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €48,714 | €17,526 | -€31,189 | -64.0% |
| Amounts payable within one year | 42/48 | €39,364 | €7,318 | -€32,046 | -81.4% |
| Trade debts | 44 | €6,470 | €4,228 | -€2,242 | -34.7% |
| Suppliers | 440/4 | €6,470 | €4,228 | -€2,242 | -34.7% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €32,894 | €3,089 | -€29,804 | -90.6% |
| Accrued charges and deferred income | 492/3 | €9,351 | €10,208 | +€858 | +9.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,366 | €21,028 | -€1,338 | -6.0% |
| Other operating charges | 640/8 | €1,579 | €1,620 | +€41 | +2.6% |
| Non-recurring operating charges | 66A | €762 | €0 | -€762 | -100.0% |
| Gross operating margin | 9900 | €71,231 | €81,381 | +€10,150 | +14.2% |
| Operating profit (loss) | 9901 | €46,523 | €58,732 | +€12,209 | +26.2% |
| Financial income | 75/76B | €8,659 | €4,467 | -€4,192 | -48.4% |
| Recurring financial income | 75 | €8,659 | €4,467 | -€4,192 | -48.4% |
| Financial charges | 65/66B | €229 | €253 | +€24 | +10.7% |
| Recurring financial charges | 65 | €229 | €253 | +€24 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €54,954 | €62,946 | +€7,992 | +14.5% |
| Income taxes | 67/77 | €15,541 | €17,660 | +€2,119 | +13.6% |
| Profit (loss) for the period | 9904 | €39,413 | €45,286 | +€5,874 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,413 | €45,286 | +€5,874 | +14.9% |
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 2 October 2026 via checked.be.