ACTUAL CASE SOLUTION: 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.
ACTUAL CASE SOLUTION
Largest movements
- Receivables within one year +€56,291
up €56,291 (+214.3%), from €26,270 to €82,561
of which Trade receivables: +€68,676
- Tangible fixed assets +€51,504
up €51,504 (+1122.9%), from €4,587 to €56,091
of which Land and buildings: +€50,668
- Cash -€3,267
down €3,267 (-93.3%), from €3,500 to €233
- Trade debts +€52,215
up €52,215 (+3799.9%), from €1,374 to €53,589
- Debts after one year +€44,344
new in 2025: €44,344
- Other debts +€15,064
up €15,064 (+4539.5%), from €332 to €15,396
- Profit (loss) carried forward -€11,959
down €11,959 (-46.0%), from -€25,988 to -€37,948
- Current portion of long-term debt +€6,882
new in 2025: €6,882
- Gross operating margin -€19,041
down €19,041, from €8,936 to -€10,105
- Financial charges +€621
up €621 (+239.2%), from €259 to €880
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Depreciation +€136
up €136 (+19.8%), from €685 to €821
- Taxes -€121
down €121 (-44.2%), from €275 to €153
From the 01-09-2025 result to the 31-12-2025 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 01-09-2025 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,382 | €138,910 | +€104,528 | +304.0% |
| Fixed assets | 21/28 | €4,612 | €56,116 | +€51,504 | +1116.8% |
| Tangible fixed assets | 22/27 | €4,587 | €56,091 | +€51,504 | +1122.9% |
| Land and buildings | 22 | - | €50,668 | +€50,668 | |
| Furniture and vehicles | 24 | - | €1,064 | +€1,064 | |
| Other tangible fixed assets | 26 | €4,587 | €4,358 | -€228 | -5.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €29,770 | €82,794 | +€53,024 | +178.1% |
| Amounts receivable within one year | 40/41 | €26,270 | €82,561 | +€56,291 | +214.3% |
| Trade receivables | 40 | €13,885 | €82,561 | +€68,676 | +494.6% |
| Other amounts receivable | 41 | €12,386 | - | -€12,386 | |
| Cash at bank and in hand | 54/58 | €3,500 | €233 | -€3,267 | -93.3% |
| Total equity and liabilities | 10/49 | €34,382 | €138,910 | +€104,528 | +304.0% |
| Equity | 10/15 | €27,579 | €15,619 | -€11,959 | -43.4% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €33,116 | €33,116 | = | 0.0% |
| Distributable reserves | 133 | €33,116 | €33,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,988 | -€37,948 | -€11,959 | -46.0% |
| Amounts payable | 17/49 | €6,804 | €123,291 | +€116,487 | +1712.2% |
| Amounts payable after more than one year | 17 | - | €44,344 | +€44,344 | |
| Financial debts | 170/4 | - | €44,344 | +€44,344 | |
| Amounts payable within one year | 42/48 | €6,804 | €78,947 | +€72,143 | +1060.4% |
| Current portion of amounts payable after more than one year | 42 | - | €6,882 | +€6,882 | |
| Financial debts | 43 | €10 | - | -€10 | |
| Credit institutions | 430/8 | €10 | - | -€10 | |
| Trade debts | 44 | €1,374 | €53,589 | +€52,215 | +3799.9% |
| Suppliers | 440/4 | €1,374 | €53,589 | +€52,215 | +3799.9% |
| Taxes, remuneration and social security | 45 | €5,087 | €3,080 | -€2,007 | -39.5% |
| Taxes | 450/3 | €5,087 | €3,080 | -€2,007 | -39.5% |
| Other amounts payable | 47/48 | €332 | €15,396 | +€15,064 | +4539.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €685 | €821 | +€136 | +19.8% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €8,936 | -€10,105 | -€19,041 | |
| Operating profit (loss) | 9901 | €7,863 | -€10,926 | -€18,790 | |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €259 | €880 | +€621 | +239.2% |
| Recurring financial charges | 65 | €259 | €880 | +€621 | +239.2% |
| Profit (loss) for the period before taxes | 9903 | €7,614 | -€11,806 | -€19,420 | |
| Income taxes | 67/77 | €275 | €153 | -€121 | -44.2% |
| Profit (loss) for the period | 9904 | €7,339 | -€11,959 | -€19,299 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,339 | -€11,959 | -€19,299 |
Source: filed annual accounts (NBB), fiscal years ended 1 September 2025 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.