A3E2: what changed
Two fiscal 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.
A3E2
Largest movements
- Cash -€1,311
down €1,311 (-11.0%), from €11,934 to €10,622
mainly Net result for the year (-€1,711)
- Reserves -€2,687
down €2,687 (-21.5%), from €12,500 to €9,813
- Profit (loss) carried forward +€976
no longer reported in 2026 (was -€976)
- Trade debts +€400
up €400 (+97.5%), from €410 to €810
- Other operating charges +€409
up €409 (+94.8%), from €431 to €840
- Gross operating margin -€118
down €118 (-25.2%), from -€469 to -€587
- Financial charges +€24
up €24 (+9.4%), from €260 to €284
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.
Cash bridge derived
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 | €11,934 | €10,622 | -€1,311 | -11.0% |
| Current assets | 29/58 | €11,934 | €10,622 | -€1,311 | -11.0% |
| Cash at bank and in hand | 54/58 | €11,934 | €10,622 | -€1,311 | -11.0% |
| Total equity and liabilities | 10/49 | €11,934 | €10,622 | -€1,311 | -11.0% |
| Equity | 10/15 | €11,524 | €9,813 | -€1,711 | -14.8% |
| Reserves | 13 | €12,500 | €9,813 | -€2,687 | -21.5% |
| Distributable reserves | 133 | €12,500 | €9,813 | -€2,687 | -21.5% |
| Profit (loss) carried forward | 14 | -€976 | - | +€976 | |
| Amounts payable | 17/49 | €410 | €810 | +€400 | +97.5% |
| Amounts payable within one year | 42/48 | €410 | €810 | +€400 | +97.5% |
| Trade debts | 44 | €410 | €810 | +€400 | +97.5% |
| Suppliers | 440/4 | €410 | €810 | +€400 | +97.5% |
| Other operating charges | 640/8 | €431 | €840 | +€409 | +94.8% |
| Gross operating margin | 9900 | -€469 | -€587 | -€118 | -25.2% |
| Operating profit (loss) | 9901 | -€900 | -€1,427 | -€527 | -58.5% |
| Financial charges | 65/66B | €260 | €284 | +€24 | +9.4% |
| Recurring financial charges | 65 | €260 | €284 | +€24 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,160 | -€1,711 | -€551 | -47.5% |
| Profit (loss) for the period | 9904 | -€1,160 | -€1,711 | -€551 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,160 | -€1,711 | -€551 | -47.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.