ACTIVE IMAGE: 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.
ACTIVE IMAGE
Largest movements
- Cash +€86,029
up €86,029 (+137%), from €62,985 to €149,014
mainly Trade debts (+€113,799) and Net result for the year (+€38,916)
- Tangible fixed assets -€14,427
down €14,427 (-100%), from €14,427 to €0
- Intangible fixed assets +€7,169
new in 2026: €7,169
- Deferred charges and accrued income -€2,191
down €2,191 (-100%), from €2,191 to €0
- Trade debts +€113,799
up €113,799 (+736%), from €15,462 to €129,261
- Other debts -€57,504
down €57,504 (-76.8%), from €74,904 to €17,400
- Profit (loss) carried forward +€38,916
up €38,916 (+7,593%), from €513 to €39,429
- Tax, wage and social debts -€18,786
down €18,786 (-98.8%), from €19,019 to €234
- Gross operating margin +€8,901
up €8,901 (+15.2%), from €58,498 to €67,399
- Depreciation -€1,730
down €1,730 (-84.0%), from €2,061 to €331
- Taxes -€1,555
down €1,555 (-11.0%), from €14,164 to €12,610
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 | €134,620 | €211,655 | +€77,035 | +57.2% |
| Fixed assets | 21/28 | €14,427 | €7,169 | -€7,258 | -50.3% |
| Intangible fixed assets | 21 | - | €7,169 | +€7,169 | |
| Tangible fixed assets | 22/27 | €14,427 | €0 | -€14,427 | -100% |
| Other tangible fixed assets | 26 | €14,427 | €0 | -€14,427 | -100% |
| Current assets | 29/58 | €120,193 | €204,485 | +€84,293 | +70.1% |
| Amounts receivable within one year | 40/41 | €55,016 | €55,471 | +€455 | +0.8% |
| Trade receivables | 40 | €55,016 | €44,369 | -€10,647 | -19.4% |
| Other amounts receivable | 41 | - | €11,102 | +€11,102 | |
| Cash at bank and in hand | 54/58 | €62,985 | €149,014 | +€86,029 | +137% |
| Deferred charges and accrued income | 490/1 | €2,191 | €0 | -€2,191 | -100% |
| Total equity and liabilities | 10/49 | €134,620 | €211,655 | +€77,035 | +57.2% |
| Equity | 10/15 | €25,235 | €64,151 | +€38,916 | +154% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €6,130 | €6,130 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,130 | €6,130 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,130 | €6,130 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513 | €39,429 | +€38,916 | +7,593% |
| Amounts payable | 17/49 | €109,385 | €147,504 | +€38,119 | +34.8% |
| Amounts payable within one year | 42/48 | €109,385 | €146,895 | +€37,510 | +34.3% |
| Trade debts | 44 | €15,462 | €129,261 | +€113,799 | +736% |
| Suppliers | 440/4 | €15,462 | €129,261 | +€113,799 | +736% |
| Taxes, remuneration and social security | 45 | €19,019 | €234 | -€18,786 | -98.8% |
| Taxes | 450/3 | €19,019 | €234 | -€18,786 | -98.8% |
| Other amounts payable | 47/48 | €74,904 | €17,400 | -€57,504 | -76.8% |
| Accrued charges and deferred income | 492/3 | - | €609 | +€609 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,061 | €331 | -€1,730 | -84.0% |
| Other operating charges | 640/8 | €661 | €339 | -€322 | -48.7% |
| Non-recurring operating charges | 66A | - | €14,427 | +€14,427 | |
| Gross operating margin | 9900 | €58,498 | €67,399 | +€8,901 | +15.2% |
| Operating profit (loss) | 9901 | €55,777 | €52,302 | -€3,474 | -6.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €186 | €777 | +€591 | +319% |
| Recurring financial charges | 65 | €186 | €777 | +€591 | +319% |
| Profit (loss) for the period before taxes | 9903 | €55,592 | €51,526 | -€4,066 | -7.3% |
| Income taxes | 67/77 | €14,164 | €12,610 | -€1,555 | -11.0% |
| Profit (loss) for the period | 9904 | €41,428 | €38,916 | -€2,512 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,428 | €38,916 | -€2,512 | -6.1% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.