A. SOLUTIONS: 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. SOLUTIONS
Largest movements
- Cash -€10,960
down €10,960 (-55.1%), from €19,892 to €8,931
mainly Current portion of long-term debt (-€20,000) and Tax, wage and social debts (-€3,397)
- Receivables within one year -€847
down €847 (-19.3%), from €4,377 to €3,530
- Current portion of long-term debt -€20,000
down €20,000 (-40.0%), from €50,000 to €30,000
- Profit (loss) carried forward +€15,787
up €15,787 (+27.4%), from -€57,555 to -€41,769
- Tax, wage and social debts -€3,397
down €3,397 (-83.3%), from €4,077 to €680
of which Remuneration and social security: -€3,747
- Other debts -€2,712
no longer reported in 2026 (was €2,712)
- Trade debts -€1,453
down €1,453 (-29.6%), from €4,902 to €3,449
- Staff costs -€18,637
no longer reported in 2026 (was €18,637)
- Gross operating margin -€7,487
down €7,487 (-26.9%), from €27,797 to €20,310
- Financial charges -€2,716
down €2,716 (-42.2%), from €6,432 to €3,716
- Depreciation -€282
no longer reported in 2026 (was €282)
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 | €25,286 | €13,514 | -€11,772 | -46.6% |
| Current assets | 29/58 | €25,286 | €13,514 | -€11,772 | -46.6% |
| Amounts receivable within one year | 40/41 | €4,377 | €3,530 | -€847 | -19.3% |
| Trade receivables | 40 | €4,377 | €3,530 | -€847 | -19.3% |
| Cash at bank and in hand | 54/58 | €19,892 | €8,931 | -€10,960 | -55.1% |
| Deferred charges and accrued income | 490/1 | €1,017 | €1,052 | +€35 | +3.5% |
| Total equity and liabilities | 10/49 | €25,286 | €13,514 | -€11,772 | -46.6% |
| Equity | 10/15 | -€36,405 | -€20,619 | +€15,787 | +43.4% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Contributions outside capital | 11 | €17,400 | €17,400 | = | 0.0% |
| Other | 1109/19 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €3,750 | €3,750 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,750 | €3,750 | = | 0.0% |
| Legal reserve | 130 | €3,750 | €3,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,555 | -€41,769 | +€15,787 | +27.4% |
| Amounts payable | 17/49 | €61,691 | €34,132 | -€27,559 | -44.7% |
| Amounts payable within one year | 42/48 | €61,691 | €34,132 | -€27,559 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €30,000 | -€20,000 | -40.0% |
| Financial debts | 43 | - | €3 | +€3 | |
| Credit institutions | 430/8 | - | €3 | +€3 | |
| Trade debts | 44 | €4,902 | €3,449 | -€1,453 | -29.6% |
| Suppliers | 440/4 | €4,902 | €3,449 | -€1,453 | -29.6% |
| Taxes, remuneration and social security | 45 | €4,077 | €680 | -€3,397 | -83.3% |
| Taxes | 450/3 | €330 | €680 | +€350 | +106% |
| Remuneration and social security | 454/9 | €3,747 | - | -€3,747 | |
| Other amounts payable | 47/48 | €2,712 | - | -€2,712 | |
| Non-recurring operating income | 76A | €543 | - | -€543 | |
| Remuneration, social security and pensions | 62 | €18,637 | - | -€18,637 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €282 | - | -€282 | |
| Other operating charges | 640/8 | €836 | €815 | -€21 | -2.5% |
| Gross operating margin | 9900 | €27,797 | €20,310 | -€7,487 | -26.9% |
| Operating profit (loss) | 9901 | €8,042 | €19,495 | +€11,453 | +142% |
| Financial income | 75/76B | €104 | €9 | -€96 | -91.8% |
| Recurring financial income | 75 | €104 | €9 | -€96 | -91.8% |
| Financial charges | 65/66B | €6,432 | €3,716 | -€2,716 | -42.2% |
| Recurring financial charges | 65 | €6,432 | €3,716 | -€2,716 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €1,714 | €15,787 | +€14,073 | +821% |
| Profit (loss) for the period | 9904 | €1,714 | €15,787 | +€14,073 | +821% |
| Profit (loss) for the period to be appropriated | 9905 | €1,714 | €15,787 | +€14,073 | +821% |
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 17 October 2026 via checked.be.