SR: what changed
SR
Largest movements
- Tangible fixed assets +€8,051
up €8,051 (+13.0%), from €62,071 to €70,122
of which Plant, machinery and equipment: +€12,909
- Cash +€3,219
up €3,219 (+9.6%), from €33,356 to €36,574
mainly Trade debts (+€36,765) and Net result for the year (+€34,176)
- Other debts -€65,252
down €65,252 (-92.3%), from €70,663 to €5,411
- Trade debts +€36,765
up €36,765 (+239%), from €15,383 to €52,148
- Profit (loss) carried forward +€34,176
up €34,176 (+436%), from €7,841 to €42,018
- Tax, wage and social debts +€6,863
up €6,863 (+43.6%), from €15,730 to €22,593
- Depreciation +€7,710
up €7,710 (+64.8%), from €11,898 to €19,608
- Gross operating margin -€6,937
down €6,937 (-9.4%), from €73,992 to €67,054
- Staff costs +€1,949
new in 2025: €1,949
- Other operating charges -€1,299
down €1,299 (-50.6%), from €2,567 to €1,268
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 | €112,618 | €125,170 | +€12,552 | +11.1% |
| Fixed assets | 21/28 | €68,321 | €76,372 | +€8,051 | +11.8% |
| Tangible fixed assets | 22/27 | €62,071 | €70,122 | +€8,051 | +13.0% |
| Land and buildings | 22 | €7,188 | €12,164 | +€4,976 | +69.2% |
| Plant, machinery and equipment | 23 | €23,858 | €36,767 | +€12,909 | +54.1% |
| Furniture and vehicles | 24 | €31,025 | €21,190 | -€9,835 | -31.7% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €44,297 | €48,798 | +€4,501 | +10.2% |
| Stocks and contracts in progress | 3 | €4,500 | €4,500 | = | 0.0% |
| Stocks | 30/36 | €4,500 | €4,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,264 | €7,166 | +€902 | +14.4% |
| Other amounts receivable | 41 | €6,264 | €7,166 | +€902 | +14.4% |
| Cash at bank and in hand | 54/58 | €33,356 | €36,574 | +€3,219 | +9.6% |
| Deferred charges and accrued income | 490/1 | €177 | €558 | +€381 | +215% |
| Total equity and liabilities | 10/49 | €112,618 | €125,170 | +€12,552 | +11.1% |
| Equity | 10/15 | €10,841 | €45,018 | +€34,176 | +315% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,841 | €42,018 | +€34,176 | +436% |
| Amounts payable | 17/49 | €101,776 | €80,152 | -€21,624 | -21.2% |
| Amounts payable within one year | 42/48 | €101,776 | €80,152 | -€21,624 | -21.2% |
| Trade debts | 44 | €15,383 | €52,148 | +€36,765 | +239% |
| Suppliers | 440/4 | €15,383 | €52,148 | +€36,765 | +239% |
| Taxes, remuneration and social security | 45 | €15,730 | €22,593 | +€6,863 | +43.6% |
| Taxes | 450/3 | €15,730 | €22,593 | +€6,863 | +43.6% |
| Other amounts payable | 47/48 | €70,663 | €5,411 | -€65,252 | -92.3% |
| Remuneration, social security and pensions | 62 | - | €1,949 | +€1,949 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,898 | €19,608 | +€7,710 | +64.8% |
| Other operating charges | 640/8 | €2,567 | €1,268 | -€1,299 | -50.6% |
| Gross operating margin | 9900 | €73,992 | €67,054 | -€6,937 | -9.4% |
| Operating profit (loss) | 9901 | €59,526 | €44,229 | -€15,298 | -25.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -97.9% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -97.9% |
| Financial charges | 65/66B | €101 | €512 | +€412 | +409% |
| Recurring financial charges | 65 | €101 | €512 | +€412 | +409% |
| Profit (loss) for the period before taxes | 9903 | €59,431 | €43,717 | -€15,714 | -26.4% |
| Income taxes | 67/77 | €9,000 | €9,540 | +€540 | +6.0% |
| Profit (loss) for the period | 9904 | €50,431 | €34,176 | -€16,255 | -32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,431 | €34,176 | -€16,255 | -32.2% |
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 6 November 2026 via checked.be.