Your Next Step: 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.
Your Next Step
Largest movements
- Cash +€22,543
up €22,543 (+448%), from €5,033 to €27,577
mainly Trade debts (+€24,266) and Stocks and contracts (+€22,298)
- Stocks and contracts -€22,298
down €22,298 (-50.0%), from €44,588 to €22,290
- Tangible fixed assets +€19,767
up €19,767 (+78.1%), from €25,303 to €45,070
- Receivables within one year -€5,479
down €5,479 (-4.7%), from €116,748 to €111,269
of which Trade receivables: -€12,582
- Trade debts +€24,266
up €24,266 (+96.2%), from €25,226 to €49,492
- Advances received -€9,096
down €9,096 (-53.0%), from €17,171 to €8,075
- Debts after one year -€6,526
down €6,526 (-55.8%), from €11,686 to €5,160
- Other debts +€4,526
up €4,526 (+7.9%), from €57,296 to €61,822
- Profit (loss) carried forward +€2,936
up €2,936 (+86.9%), from €3,378 to €6,315
- Gross operating margin -€2,383
down €2,383 (-10.8%), from €22,109 to €19,725
- Financial charges -€2,351
down €2,351 (-78.1%), from €3,012 to €661
- Taxes -€1,209
down €1,209 (-38.3%), from €3,158 to €1,948
- Depreciation +€558
up €558 (+4.6%), from €12,263 to €12,821
- Staff costs -€414
no longer reported in 2025 (was €414)
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 | €191,698 | €206,231 | +€14,533 | +7.6% |
| Fixed assets | 21/28 | €25,328 | €45,095 | +€19,767 | +78.0% |
| Tangible fixed assets | 22/27 | €25,303 | €45,070 | +€19,767 | +78.1% |
| Furniture and vehicles | 24 | €25,303 | €45,070 | +€19,767 | +78.1% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €166,370 | €161,136 | -€5,234 | -3.1% |
| Stocks and contracts in progress | 3 | €44,588 | €22,290 | -€22,298 | -50.0% |
| Stocks | 30/36 | €44,588 | €22,290 | -€22,298 | -50.0% |
| Amounts receivable within one year | 40/41 | €116,748 | €111,269 | -€5,479 | -4.7% |
| Trade receivables | 40 | €104,111 | €91,529 | -€12,582 | -12.1% |
| Other amounts receivable | 41 | €12,638 | €19,741 | +€7,103 | +56.2% |
| Cash at bank and in hand | 54/58 | €5,033 | €27,577 | +€22,543 | +448% |
| Total equity and liabilities | 10/49 | €191,698 | €206,231 | +€14,533 | +7.6% |
| Equity | 10/15 | €65,259 | €68,195 | +€2,936 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,681 | €55,681 | = | 0.0% |
| 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 | €53,821 | €53,821 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,378 | €6,315 | +€2,936 | +86.9% |
| Amounts payable | 17/49 | €126,439 | €138,036 | +€11,597 | +9.2% |
| Amounts payable after more than one year | 17 | €11,686 | €5,160 | -€6,526 | -55.8% |
| Financial debts | 170/4 | €11,686 | €5,160 | -€6,526 | -55.8% |
| Amounts payable within one year | 42/48 | €114,753 | €132,725 | +€17,972 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €7,535 | €6,955 | -€580 | -7.7% |
| Trade debts | 44 | €25,226 | €49,492 | +€24,266 | +96.2% |
| Suppliers | 440/4 | €25,226 | €49,492 | +€24,266 | +96.2% |
| Advances received on contracts in progress | 46 | €17,171 | €8,075 | -€9,096 | -53.0% |
| Taxes, remuneration and social security | 45 | €7,525 | €6,381 | -€1,144 | -15.2% |
| Taxes | 450/3 | €7,525 | €5,381 | -€2,144 | -28.5% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €57,296 | €61,822 | +€4,526 | +7.9% |
| Accrued charges and deferred income | 492/3 | - | €150 | +€150 | |
| Remuneration, social security and pensions | 62 | €414 | - | -€414 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,263 | €12,821 | +€558 | +4.6% |
| Other operating charges | 640/8 | €1,034 | €1,360 | +€326 | +31.5% |
| Gross operating margin | 9900 | €22,109 | €19,725 | -€2,383 | -10.8% |
| Operating profit (loss) | 9901 | €8,398 | €5,545 | -€2,853 | -34.0% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €3,012 | €661 | -€2,351 | -78.1% |
| Recurring financial charges | 65 | €3,012 | €661 | -€2,351 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €5,386 | €4,885 | -€501 | -9.3% |
| Income taxes | 67/77 | €3,158 | €1,948 | -€1,209 | -38.3% |
| Profit (loss) for the period | 9904 | €2,228 | €2,936 | +€708 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,228 | €2,936 | +€708 | +31.8% |
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 15 October 2026 via checked.be.