A L'HEURE: 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.
A L'HEURE
Largest movements
- Tangible fixed assets +€578,609
up €578,609 (+140%), from €414,427 to €993,036
of which Land and buildings: +€609,381
- Cash -€12,879
down €12,879 (-17.0%), from €75,940 to €63,061
mainly Investment in fixed assets (net) (-€651,541) and Trade debts (-€8,080)
- Debts after one year +€587,228
up €587,228 (+208%), from €281,844 to €869,073
- Gross operating margin -€57,304
down €57,304 (-19.9%), from €288,524 to €231,219
- Staff costs -€32,475
down €32,475 (-20.4%), from €159,144 to €126,668
- Taxes -€6,766
down €6,766 (-81.0%), from €8,349 to €1,583
- Financial charges +€4,665
up €4,665 (+31.7%), from €14,710 to €19,376
- Other operating charges +€3,773
up €3,773 (+86.4%), from €4,365 to €8,138
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €506,713 | €1,081,142 | +€574,429 | +113% |
| Fixed assets | 21/28 | €414,427 | €993,036 | +€578,609 | +140% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €414,427 | €993,036 | +€578,609 | +140% |
| Land and buildings | 22 | €289,035 | €898,416 | +€609,381 | +211% |
| Plant, machinery and equipment | 23 | €58,361 | €54,433 | -€3,928 | -6.7% |
| Furniture and vehicles | 24 | €12,976 | €7,131 | -€5,845 | -45.0% |
| Leasing and similar rights | 25 | €54,055 | €33,055 | -€21,000 | -38.8% |
| Current assets | 29/58 | €92,286 | €88,107 | -€4,180 | -4.5% |
| Stocks and contracts in progress | 3 | €11,700 | €18,500 | +€6,800 | +58.1% |
| Stocks | 30/36 | €11,700 | €18,500 | +€6,800 | +58.1% |
| Amounts receivable within one year | 40/41 | €4,647 | €6,546 | +€1,900 | +40.9% |
| Trade receivables | 40 | €2,221 | €1,691 | -€530 | -23.9% |
| Other amounts receivable | 41 | €2,426 | €4,855 | +€2,429 | +100% |
| Cash at bank and in hand | 54/58 | €75,940 | €63,061 | -€12,879 | -17.0% |
| Total equity and liabilities | 10/49 | €506,713 | €1,081,142 | +€574,429 | +113% |
| Equity | 10/15 | €61,404 | €64,043 | +€2,639 | +4.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €51,404 | €54,043 | +€2,639 | +5.1% |
| Distributable reserves | 133 | €51,404 | €54,043 | +€2,639 | +5.1% |
| Amounts payable | 17/49 | €445,309 | €1,017,099 | +€571,790 | +128% |
| Amounts payable after more than one year | 17 | €281,844 | €869,073 | +€587,228 | +208% |
| Financial debts | 170/4 | €281,844 | €869,073 | +€587,228 | +208% |
| Amounts payable within one year | 42/48 | €163,465 | €145,968 | -€17,497 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €63,443 | €62,772 | -€672 | -1.1% |
| Trade debts | 44 | €39,573 | €31,493 | -€8,080 | -20.4% |
| Suppliers | 440/4 | €39,573 | €31,493 | -€8,080 | -20.4% |
| Taxes, remuneration and social security | 45 | €25,088 | €17,694 | -€7,393 | -29.5% |
| Taxes | 450/3 | €11,159 | €5,544 | -€5,615 | -50.3% |
| Remuneration and social security | 454/9 | €13,929 | €12,150 | -€1,778 | -12.8% |
| Other amounts payable | 47/48 | €35,361 | €34,009 | -€1,351 | -3.8% |
| Accrued charges and deferred income | 492/3 | - | €2,058 | +€2,058 | |
| Remuneration, social security and pensions | 62 | €159,144 | €126,668 | -€32,475 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,679 | €72,932 | +€2,253 | +3.2% |
| Other operating charges | 640/8 | €4,365 | €8,138 | +€3,773 | +86.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €288,524 | €231,219 | -€57,304 | -19.9% |
| Operating profit (loss) | 9901 | €54,336 | €23,480 | -€30,856 | -56.8% |
| Financial income | 75/76B | €114 | €118 | +€4 | +3.5% |
| Recurring financial income | 75 | €114 | €118 | +€4 | +3.5% |
| Financial charges | 65/66B | €14,710 | €19,376 | +€4,665 | +31.7% |
| Recurring financial charges | 65 | €14,710 | €19,376 | +€4,665 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €39,739 | €4,222 | -€35,517 | -89.4% |
| Income taxes | 67/77 | €8,349 | €1,583 | -€6,766 | -81.0% |
| Profit (loss) for the period | 9904 | €31,390 | €2,639 | -€28,751 | -91.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,390 | €2,639 | -€28,751 | -91.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.