XIX Area: 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.
XIX Area
Largest movements
- Receivables within one year +€56,514
up €56,514 (+1130.2%), from €5,000 to €61,514
of which Trade receivables: +€40,267
- Tangible fixed assets +€46,962
up €46,962 (+92.2%), from €50,921 to €97,883
of which Furniture and vehicles: +€57,821
- Cash -€8,886
down €8,886 (-29.7%), from €29,896 to €21,010
mainly Investment in fixed assets (net) (-€62,039) and Receivables within one year (-€56,514)
- Debts after one year +€35,190
up €35,190 (+267.0%), from €13,180 to €48,370
- Trade debts +€32,356
up €32,356 (+137.5%), from €23,530 to €55,887
of which Suppliers: +€30,607
- Reserves +€19,452
up €19,452 (+191.1%), from €10,178 to €29,630
of which Distributable reserves: +€19,452
- Tax, wage and social debts +€8,482
up €8,482 (+90.8%), from €9,339 to €17,822
- Other debts -€6,538
no longer reported in 2025 (was €6,538)
- Gross operating margin +€18,561
up €18,561 (+61.7%), from €30,106 to €48,667
- Taxes +€4,150
up €4,150 (+81.5%), from €5,089 to €9,239
- Depreciation +€3,950
up €3,950 (+34.7%), from €11,391 to €15,341
- Financial charges +€1,882
up €1,882 (+108.8%), from €1,730 to €3,612
- Other operating charges -€705
down €705 (-29.9%), from €2,361 to €1,656
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 | €93,382 | €189,462 | +€96,080 | +102.9% |
| Fixed assets | 21/28 | €56,173 | €102,872 | +€46,699 | +83.1% |
| Intangible fixed assets | 21 | €1,052 | €789 | -€263 | -25.0% |
| Tangible fixed assets | 22/27 | €50,921 | €97,883 | +€46,962 | +92.2% |
| Land and buildings | 22 | €2,318 | €1,961 | -€357 | -15.4% |
| Plant, machinery and equipment | 23 | €48,603 | €38,101 | -€10,503 | -21.6% |
| Furniture and vehicles | 24 | - | €57,821 | +€57,821 | |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €37,209 | €86,590 | +€49,381 | +132.7% |
| Amounts receivable within one year | 40/41 | €5,000 | €61,514 | +€56,514 | +1130.2% |
| Trade receivables | 40 | €4,207 | €44,474 | +€40,267 | +957.1% |
| Other amounts receivable | 41 | €793 | €17,040 | +€16,247 | +2048.1% |
| Cash at bank and in hand | 54/58 | €29,896 | €21,010 | -€8,886 | -29.7% |
| Deferred charges and accrued income | 490/1 | €2,313 | €4,066 | +€1,753 | +75.8% |
| Total equity and liabilities | 10/49 | €93,382 | €189,462 | +€96,080 | +102.9% |
| Equity | 10/15 | €25,643 | €45,095 | +€19,452 | +75.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €10,178 | €29,630 | +€19,452 | +191.1% |
| Tax-exempt reserves | 132 | €199 | €199 | = | 0.0% |
| Distributable reserves | 133 | €9,978 | €29,430 | +€19,452 | +194.9% |
| Profit (loss) carried forward | 14 | €3,065 | €3,065 | = | 0.0% |
| Amounts payable | 17/49 | €67,739 | €144,367 | +€76,628 | +113.1% |
| Amounts payable after more than one year | 17 | €13,180 | €48,370 | +€35,190 | +267.0% |
| Financial debts | 170/4 | €13,180 | €48,370 | +€35,190 | +267.0% |
| Amounts payable within one year | 42/48 | €54,558 | €92,930 | +€38,371 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | €13,901 | €19,221 | +€5,320 | +38.3% |
| Trade debts | 44 | €23,530 | €55,887 | +€32,356 | +137.5% |
| Suppliers | 440/4 | €23,530 | €54,138 | +€30,607 | +130.1% |
| Bills of exchange payable | 441 | - | €1,749 | +€1,749 | |
| Advances received on contracts in progress | 46 | €1,249 | - | -€1,249 | |
| Taxes, remuneration and social security | 45 | €9,339 | €17,822 | +€8,482 | +90.8% |
| Taxes | 450/3 | €9,339 | €17,822 | +€8,482 | +90.8% |
| Other amounts payable | 47/48 | €6,538 | - | -€6,538 | |
| Accrued charges and deferred income | 492/3 | - | €3,067 | +€3,067 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,391 | €15,341 | +€3,950 | +34.7% |
| Other operating charges | 640/8 | €2,361 | €1,656 | -€705 | -29.9% |
| Gross operating margin | 9900 | €30,106 | €48,667 | +€18,561 | +61.7% |
| Operating profit (loss) | 9901 | €16,355 | €31,671 | +€15,316 | +93.7% |
| Financial income | 75/76B | - | €632 | +€632 | |
| Recurring financial income | 75 | - | €632 | +€632 | |
| Financial charges | 65/66B | €1,730 | €3,612 | +€1,882 | +108.8% |
| Recurring financial charges | 65 | €1,730 | €3,612 | +€1,882 | +108.8% |
| Profit (loss) for the period before taxes | 9903 | €14,625 | €28,691 | +€14,066 | +96.2% |
| Income taxes | 67/77 | €5,089 | €9,239 | +€4,150 | +81.5% |
| Profit (loss) for the period | 9904 | €9,536 | €19,452 | +€9,916 | +104.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,536 | €19,452 | +€9,916 | +104.0% |
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 10 October 2026 via checked.be.