ACT II: 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.
ACT II
Largest movements
- Cash -€9,520
down €9,520 (-79.8%), from €11,925 to €2,405
mainly Net result for the year (-€5,785) and Receivables within one year (-€1,551)
- Receivables within one year +€1,551
up €1,551 (+57.9%), from €2,681 to €4,232
- Deferred charges and accrued income -€268
down €268 (-56.4%), from €475 to €207
- Tangible fixed assets -€216
no longer reported in 2026 (was €216)
- Profit (loss) carried forward -€5,785
down €5,785 (-82.5%), from -€7,015 to -€12,800
- Tax, wage and social debts -€1,359
down €1,359 (-89.1%), from €1,526 to €167
- Trade debts -€1,309
down €1,309 (-59.7%), from €2,194 to €885
- Gross operating margin -€7,167
down €7,167, from €3,271 to -€3,896
- Other operating charges -€431
down €431 (-60.1%), from €717 to €286
- Depreciation -€155
down €155 (-41.7%), from €371 to €216
- Financial charges -€91
down €91 (-6.6%), from €1,395 to €1,304
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 | €15,297 | €6,844 | -€8,453 | -55.3% |
| Fixed assets | 21/28 | €216 | - | -€216 | |
| Tangible fixed assets | 22/27 | €216 | - | -€216 | |
| Furniture and vehicles | 24 | €216 | - | -€216 | |
| Current assets | 29/58 | €15,081 | €6,844 | -€8,237 | -54.6% |
| Amounts receivable within one year | 40/41 | €2,681 | €4,232 | +€1,551 | +57.9% |
| Other amounts receivable | 41 | €2,681 | €4,232 | +€1,551 | +57.9% |
| Cash at bank and in hand | 54/58 | €11,925 | €2,405 | -€9,520 | -79.8% |
| Deferred charges and accrued income | 490/1 | €475 | €207 | -€268 | -56.4% |
| Total equity and liabilities | 10/49 | €15,297 | €6,844 | -€8,453 | -55.3% |
| Equity | 10/15 | €11,577 | €5,792 | -€5,785 | -50.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,015 | -€12,800 | -€5,785 | -82.5% |
| Amounts payable | 17/49 | €3,720 | €1,052 | -€2,668 | -71.7% |
| Amounts payable within one year | 42/48 | €3,720 | €1,052 | -€2,668 | -71.7% |
| Trade debts | 44 | €2,194 | €885 | -€1,309 | -59.7% |
| Suppliers | 440/4 | €2,194 | €885 | -€1,309 | -59.7% |
| Taxes, remuneration and social security | 45 | €1,526 | €167 | -€1,359 | -89.1% |
| Taxes | 450/3 | €1,526 | €167 | -€1,359 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €216 | -€155 | -41.7% |
| Other operating charges | 640/8 | €717 | €286 | -€431 | -60.1% |
| Gross operating margin | 9900 | €3,271 | -€3,896 | -€7,167 | |
| Operating profit (loss) | 9901 | €2,183 | -€4,398 | -€6,581 | |
| Financial income | 75/76B | €181 | €152 | -€30 | -16.5% |
| Recurring financial income | 75 | €181 | €152 | -€30 | -16.5% |
| Financial charges | 65/66B | €1,395 | €1,304 | -€91 | -6.6% |
| Recurring financial charges | 65 | €1,395 | €1,304 | -€91 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €969 | -€5,550 | -€6,519 | |
| Income taxes | 67/77 | €225 | €235 | +€10 | +4.4% |
| Profit (loss) for the period | 9904 | €744 | -€5,785 | -€6,529 | |
| Profit (loss) for the period to be appropriated | 9905 | €744 | -€5,785 | -€6,529 |
Source: filed annual accounts (NBB), financial years ended 1 April 2025 and 1 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.