indetailS: what changed
indetailS
Largest movements
- Cash -€30,314
down €30,314 (-26.4%), from €114,826 to €84,512
mainly Other debts (-€119,946) and Receivables within one year (-€19,241)
- Receivables within one year +€19,241
up €19,241 (+109%), from €17,639 to €36,880
of which Trade receivables: +€17,542
- Tangible fixed assets -€14,958
down €14,958 (-58.0%), from €25,802 to €10,844
of which Furniture and vehicles: -€22,368
- Current investments -€4,444
down €4,444 (-7.2%), from €61,346 to €56,902
- Other debts -€119,946
down €119,946 (-98.7%), from €121,557 to €1,611
- Reserves +€110,968
up €110,968 (+153%), from €72,325 to €183,293
- Debts after one year -€11,579
down €11,579 (-100%), from €11,579 to €0
- Current portion of long-term debt -€8,044
down €8,044 (-100%), from €8,044 to €0
- Gross operating margin +€10,912
up €10,912 (+8.2%), from €132,351 to €143,264
- Depreciation -€9,243
down €9,243 (-82.6%), from €11,193 to €1,950
- Taxes +€3,608
up €3,608 (+13.4%), from €26,865 to €30,473
- Financial income -€2,338
down €2,338 (-52.4%), from €4,460 to €2,122
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,674 | €191,074 | -€29,600 | -13.4% |
| Fixed assets | 21/28 | €25,802 | €10,844 | -€14,958 | -58.0% |
| Tangible fixed assets | 22/27 | €25,802 | €10,844 | -€14,958 | -58.0% |
| Plant, machinery and equipment | 23 | - | €2,778 | +€2,778 | |
| Furniture and vehicles | 24 | €23,961 | €1,594 | -€22,368 | -93.3% |
| Other tangible fixed assets | 26 | €1,841 | €6,473 | +€4,632 | +252% |
| Current assets | 29/58 | €194,872 | €180,230 | -€14,642 | -7.5% |
| Amounts receivable within one year | 40/41 | €17,639 | €36,880 | +€19,241 | +109% |
| Trade receivables | 40 | €16,781 | €34,323 | +€17,542 | +105% |
| Other amounts receivable | 41 | €859 | €2,557 | +€1,698 | +198% |
| Current investments | 50/53 | €61,346 | €56,902 | -€4,444 | -7.2% |
| Cash at bank and in hand | 54/58 | €114,826 | €84,512 | -€30,314 | -26.4% |
| Deferred charges and accrued income | 490/1 | €1,060 | €1,936 | +€876 | +82.7% |
| Total equity and liabilities | 10/49 | €220,674 | €191,074 | -€29,600 | -13.4% |
| Equity | 10/15 | €75,325 | €186,293 | +€110,968 | +147% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,325 | €183,293 | +€110,968 | +153% |
| Distributable reserves | 133 | €72,325 | €183,293 | +€110,968 | +153% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,349 | €4,781 | -€140,568 | -96.7% |
| Amounts payable after more than one year | 17 | €11,579 | €0 | -€11,579 | -100% |
| Financial debts | 170/4 | €11,579 | €0 | -€11,579 | -100% |
| Amounts payable within one year | 42/48 | €133,770 | €4,781 | -€128,989 | -96.4% |
| Current portion of amounts payable after more than one year | 42 | €8,044 | €0 | -€8,044 | -100% |
| Trade debts | 44 | €2,605 | €2,133 | -€472 | -18.1% |
| Suppliers | 440/4 | €2,605 | €2,133 | -€472 | -18.1% |
| Taxes, remuneration and social security | 45 | €1,565 | €1,037 | -€527 | -33.7% |
| Taxes | 450/3 | €1,565 | €1,037 | -€527 | -33.7% |
| Other amounts payable | 47/48 | €121,557 | €1,611 | -€119,946 | -98.7% |
| Non-recurring operating income | 76A | - | €26,055 | +€26,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,193 | €1,950 | -€9,243 | -82.6% |
| Other operating charges | 640/8 | €512 | €731 | +€219 | +42.7% |
| Gross operating margin | 9900 | €132,351 | €143,264 | +€10,912 | +8.2% |
| Operating profit (loss) | 9901 | €120,646 | €140,583 | +€19,937 | +16.5% |
| Financial income | 75/76B | €4,460 | €2,122 | -€2,338 | -52.4% |
| Recurring financial income | 75 | €4,460 | €2,122 | -€2,338 | -52.4% |
| Financial charges | 65/66B | €645 | €1,264 | +€619 | +95.9% |
| Recurring financial charges | 65 | €645 | €1,264 | +€619 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €124,461 | €141,441 | +€16,980 | +13.6% |
| Income taxes | 67/77 | €26,865 | €30,473 | +€3,608 | +13.4% |
| Profit (loss) for the period | 9904 | €97,596 | €110,968 | +€13,372 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €97,596 | €110,968 | +€13,372 | +13.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.