ACTIVE CALL: 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.
ACTIVE CALL
Largest movements
- Receivables within one year -€89,084
down €89,084 (-32.1%), from €277,544 to €188,460
of which Other amounts receivable: -€78,367
- Cash +€54,618
up €54,618 (+42.0%), from €129,926 to €184,544
mainly Receivables within one year (+€89,084) and Depreciation (+€45,262)
- Tangible fixed assets -€45,262
down €45,262 (-41.4%), from €109,382 to €64,120
of which Land and buildings: -€28,391
- Other debts -€69,968
down €69,968 (-41.6%), from €168,086 to €98,118
- Current portion of long-term debt -€46,121
down €46,121 (-100.0%), from €46,121 to €0
- Tax, wage and social debts +€36,360
up €36,360 (+61.1%), from €59,533 to €95,893
of which Remuneration and social security: +€34,809
- Profit (loss) carried forward +€22,927
up €22,927 (+24.8%), from -€92,415 to -€69,489
- Trade debts -€21,705
down €21,705 (-33.0%), from €65,717 to €44,012
- Gross operating margin +€52,382
up €52,382 (+9.3%), from €565,500 to €617,882
- Staff costs -€29,361
down €29,361 (-5.1%), from €578,051 to €548,690
- Financial income +€11,417
up €11,417 (+2025.9%), from €564 to €11,980
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 | €518,709 | €438,981 | -€79,728 | -15.4% |
| Fixed assets | 21/28 | €111,239 | €65,977 | -€45,262 | -40.7% |
| Tangible fixed assets | 22/27 | €109,382 | €64,120 | -€45,262 | -41.4% |
| Land and buildings | 22 | €62,097 | €33,706 | -€28,391 | -45.7% |
| Plant, machinery and equipment | 23 | €3,353 | €1,981 | -€1,372 | -40.9% |
| Furniture and vehicles | 24 | €43,932 | €28,433 | -€15,500 | -35.3% |
| Financial fixed assets | 28 | €1,857 | €1,857 | = | 0.0% |
| Current assets | 29/58 | €407,470 | €373,004 | -€34,466 | -8.5% |
| Amounts receivable within one year | 40/41 | €277,544 | €188,460 | -€89,084 | -32.1% |
| Trade receivables | 40 | €167,582 | €156,865 | -€10,717 | -6.4% |
| Other amounts receivable | 41 | €109,962 | €31,595 | -€78,367 | -71.3% |
| Cash at bank and in hand | 54/58 | €129,926 | €184,544 | +€54,618 | +42.0% |
| Total equity and liabilities | 10/49 | €518,709 | €438,981 | -€79,728 | -15.4% |
| Equity | 10/15 | €106,915 | €129,841 | +€22,927 | +21.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €193,133 | €193,133 | = | 0.0% |
| Distributable reserves | 133 | €193,133 | €193,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€92,415 | -€69,489 | +€22,927 | +24.8% |
| Provisions and deferred taxes | 16 | €70,917 | €70,917 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €70,917 | €70,917 | = | 0.0% |
| Pensions and similar obligations | 160 | €70,917 | €70,917 | = | 0.0% |
| Amounts payable | 17/49 | €340,877 | €238,223 | -€102,655 | -30.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €340,877 | €238,223 | -€102,655 | -30.1% |
| Current portion of amounts payable after more than one year | 42 | €46,121 | €0 | -€46,121 | -100.0% |
| Financial debts | 43 | €1,420 | €200 | -€1,220 | -85.9% |
| Credit institutions | 430/8 | €1,420 | €200 | -€1,220 | -85.9% |
| Trade debts | 44 | €65,717 | €44,012 | -€21,705 | -33.0% |
| Suppliers | 440/4 | €65,717 | €44,012 | -€21,705 | -33.0% |
| Taxes, remuneration and social security | 45 | €59,533 | €95,893 | +€36,360 | +61.1% |
| Taxes | 450/3 | €12,526 | €14,077 | +€1,551 | +12.4% |
| Remuneration and social security | 454/9 | €47,007 | €81,816 | +€34,809 | +74.1% |
| Other amounts payable | 47/48 | €168,086 | €98,118 | -€69,968 | -41.6% |
| Remuneration, social security and pensions | 62 | €578,051 | €548,690 | -€29,361 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,598 | €45,262 | -€2,336 | -4.9% |
| Other operating charges | 640/8 | €9,329 | €9,823 | +€494 | +5.3% |
| Gross operating margin | 9900 | €565,500 | €617,882 | +€52,382 | +9.3% |
| Operating profit (loss) | 9901 | -€69,479 | €14,106 | +€83,585 | |
| Financial income | 75/76B | €564 | €11,980 | +€11,417 | +2025.9% |
| Recurring financial income | 75 | €564 | €11,980 | +€11,417 | +2025.9% |
| Financial charges | 65/66B | €4,159 | €1,972 | -€2,187 | -52.6% |
| Recurring financial charges | 65 | €4,159 | €1,972 | -€2,187 | -52.6% |
| Profit (loss) for the period before taxes | 9903 | -€73,074 | €24,115 | +€97,189 | |
| Income taxes | 67/77 | €1,167 | €1,188 | +€21 | +1.8% |
| Profit (loss) for the period | 9904 | -€74,241 | €22,927 | +€97,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€74,241 | €22,927 | +€97,168 |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.