yellow events: 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.
yellow events
Largest movements
- Receivables within one year -€226,359
down €226,359 (-53.1%), from €426,167 to €199,807
of which Trade receivables: -€226,359
- Tangible fixed assets -€15,231
down €15,231 (-17.1%), from €89,236 to €74,005
- Cash -€12,535
down €12,535 (-79.0%), from €15,869 to €3,334
mainly Net result for the year (-€212,916) and Trade debts (-€93,998)
- Profit (loss) carried forward -€162,916
down €162,916 (-93.5%), from €174,170 to €11,254
- Trade debts -€93,998
down €93,998 (-45.7%), from €205,800 to €111,802
- Reserves -€50,000
down €50,000 (-49.1%), from €101,860 to €51,860
of which Distributable reserves: -€50,000
- Tax, wage and social debts +€22,625
up €22,625 (+39.6%), from €57,122 to €79,747
of which Taxes: +€17,021
- Short-term financial debts +€16,722
new in 2025: €16,722
- Gross operating margin -€195,004
down €195,004 (-43.3%), from €449,907 to €254,903
- Staff costs +€34,116
up €34,116 (+8.8%), from €388,847 to €422,963
- Taxes -€10,605
no longer reported in 2025 (was €10,605)
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 | €557,652 | €305,085 | -€252,567 | -45.3% |
| Fixed assets | 21/28 | €97,271 | €82,040 | -€15,231 | -15.7% |
| Tangible fixed assets | 22/27 | €89,236 | €74,005 | -€15,231 | -17.1% |
| Plant, machinery and equipment | 23 | €58,693 | €51,479 | -€7,214 | -12.3% |
| Furniture and vehicles | 24 | €11,934 | €7,476 | -€4,459 | -37.4% |
| Other tangible fixed assets | 26 | €18,608 | €15,050 | -€3,558 | -19.1% |
| Financial fixed assets | 28 | €8,035 | €8,035 | = | 0.0% |
| Current assets | 29/58 | €460,381 | €223,045 | -€237,336 | -51.6% |
| Amounts receivable within one year | 40/41 | €426,167 | €199,807 | -€226,359 | -53.1% |
| Trade receivables | 40 | €392,971 | €166,612 | -€226,359 | -57.6% |
| Other amounts receivable | 41 | €33,195 | €33,195 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,869 | €3,334 | -€12,535 | -79.0% |
| Deferred charges and accrued income | 490/1 | €18,345 | €19,904 | +€1,559 | +8.5% |
| Total equity and liabilities | 10/49 | €557,652 | €305,085 | -€252,567 | -45.3% |
| Equity | 10/15 | €294,630 | €81,714 | -€212,916 | -72.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €51,860 | -€50,000 | -49.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Profit (loss) carried forward | 14 | €174,170 | €11,254 | -€162,916 | -93.5% |
| Amounts payable | 17/49 | €263,022 | €223,371 | -€39,651 | -15.1% |
| Amounts payable within one year | 42/48 | €262,922 | €223,272 | -€39,651 | -15.1% |
| Financial debts | 43 | - | €16,722 | +€16,722 | |
| Credit institutions | 430/8 | - | €16,722 | +€16,722 | |
| Trade debts | 44 | €205,800 | €111,802 | -€93,998 | -45.7% |
| Suppliers | 440/4 | €205,800 | €111,802 | -€93,998 | -45.7% |
| Taxes, remuneration and social security | 45 | €57,122 | €79,747 | +€22,625 | +39.6% |
| Taxes | 450/3 | €24,468 | €41,489 | +€17,021 | +69.6% |
| Remuneration and social security | 454/9 | €32,654 | €38,259 | +€5,605 | +17.2% |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Non-recurring operating income | 76A | €21,690 | €2,804 | -€18,887 | -87.1% |
| Remuneration, social security and pensions | 62 | €388,847 | €422,963 | +€34,116 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,242 | €24,750 | +€2,508 | +11.3% |
| Other operating charges | 640/8 | €13,796 | €14,443 | +€647 | +4.7% |
| Gross operating margin | 9900 | €449,907 | €254,903 | -€195,004 | -43.3% |
| Operating profit (loss) | 9901 | €25,022 | -€207,253 | -€232,275 | |
| Financial income | 75/76B | €9 | €53 | +€44 | +495% |
| Recurring financial income | 75 | €9 | €53 | +€44 | +495% |
| Financial charges | 65/66B | €5,146 | €5,716 | +€570 | +11.1% |
| Recurring financial charges | 65 | €5,146 | €5,716 | +€570 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €19,885 | -€212,916 | -€232,802 | |
| Income taxes | 67/77 | €10,605 | - | -€10,605 | |
| Profit (loss) for the period | 9904 | €9,281 | -€212,916 | -€222,197 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,281 | -€212,916 | -€222,197 |
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 23 October 2026 via checked.be.