XLS: 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.
XLS
Largest movements
- Cash +€756,703
up €756,703 (+550.8%), from €137,385 to €894,089
mainly Net result for the year (+€631,858) and Receivables within one year (+€256,252)
- Receivables within one year -€256,252
down €256,252 (-46.5%), from €550,754 to €294,501
of which Other amounts receivable: -€274,319
- Deferred charges and accrued income +€140,315
up €140,315 (+151.5%), from €92,587 to €232,902
- Profit (loss) carried forward +€505,558
new in 2025: €505,558
- Reserves +€126,300
up €126,300 (+9.8%), from €1.3m to €1.4m
of which Tax-exempt reserves: +€126,300
- Other debts -€42,704
down €42,704 (-94.9%), from €45,000 to €2,296
- Tax, wage and social debts +€40,436
up €40,436 (+175.8%), from €22,997 to €63,434
- Gross operating margin +€489,573
up €489,573 (+133.2%), from €367,671 to €857,245
- Taxes +€117,283
up €117,283 (+135.0%), from €86,862 to €204,146
- Financial charges -€15,181
down €15,181 (-84.3%), from €18,010 to €2,829
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 | €1,387,108 | €2,009,189 | +€622,081 | +44.8% |
| Fixed assets | 21/28 | €606,381 | €587,696 | -€18,685 | -3.1% |
| Tangible fixed assets | 22/27 | €606,381 | €587,696 | -€18,685 | -3.1% |
| Land and buildings | 22 | €597,053 | €577,582 | -€19,471 | -3.3% |
| Plant, machinery and equipment | 23 | €5,576 | €3,958 | -€1,618 | -29.0% |
| Furniture and vehicles | 24 | €3,753 | €6,157 | +€2,404 | +64.1% |
| Current assets | 29/58 | €780,726 | €1,421,492 | +€640,766 | +82.1% |
| Amounts receivable within one year | 40/41 | €550,754 | €294,501 | -€256,252 | -46.5% |
| Trade receivables | 40 | €45,375 | €63,442 | +€18,067 | +39.8% |
| Other amounts receivable | 41 | €505,379 | €231,060 | -€274,319 | -54.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €137,385 | €894,089 | +€756,703 | +550.8% |
| Deferred charges and accrued income | 490/1 | €92,587 | €232,902 | +€140,315 | +151.5% |
| Total equity and liabilities | 10/49 | €1,387,108 | €2,009,189 | +€622,081 | +44.8% |
| Equity | 10/15 | €1,303,478 | €1,941,536 | +€638,058 | +49.0% |
| Contributions | 10/11 | €12,400 | €18,600 | +€6,200 | +50.0% |
| Reserves | 13 | €1,291,078 | €1,417,378 | +€126,300 | +9.8% |
| Tax-exempt reserves | 132 | €196,107 | €322,407 | +€126,300 | +64.4% |
| Distributable reserves | 133 | €1,094,971 | €1,094,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €505,558 | +€505,558 | |
| Amounts payable | 17/49 | €83,630 | €67,653 | -€15,977 | -19.1% |
| Amounts payable within one year | 42/48 | €73,082 | €67,653 | -€5,429 | -7.4% |
| Trade debts | 44 | €5,084 | €1,923 | -€3,161 | -62.2% |
| Suppliers | 440/4 | €5,084 | €1,923 | -€3,161 | -62.2% |
| Taxes, remuneration and social security | 45 | €22,997 | €63,434 | +€40,436 | +175.8% |
| Taxes | 450/3 | €22,997 | €63,434 | +€40,436 | +175.8% |
| Other amounts payable | 47/48 | €45,000 | €2,296 | -€42,704 | -94.9% |
| Accrued charges and deferred income | 492/3 | €10,548 | - | -€10,548 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,146 | €22,999 | +€1,854 | +8.8% |
| Other operating charges | 640/8 | €2,219 | €4,237 | +€2,018 | +90.9% |
| Gross operating margin | 9900 | €367,671 | €857,245 | +€489,573 | +133.2% |
| Operating profit (loss) | 9901 | €344,307 | €830,009 | +€485,702 | +141.1% |
| Financial income | 75/76B | €15,926 | €8,824 | -€7,102 | -44.6% |
| Recurring financial income | 75 | €15,120 | €8,824 | -€6,296 | -41.6% |
| Non-recurring financial income | 76B | €806 | - | -€806 | |
| Financial charges | 65/66B | €18,010 | €2,829 | -€15,181 | -84.3% |
| Recurring financial charges | 65 | €18,010 | €2,829 | -€15,181 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €342,223 | €836,003 | +€493,780 | +144.3% |
| Income taxes | 67/77 | €86,862 | €204,146 | +€117,283 | +135.0% |
| Profit (loss) for the period | 9904 | €255,361 | €631,858 | +€376,497 | +147.4% |
| Transfer to tax-exempt reserves | 689 | €189,450 | €126,300 | -€63,150 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €65,911 | €505,558 | +€439,647 | +667.0% |
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 12 October 2026 via checked.be.