Ann Wallays: 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.
Ann Wallays
Largest movements
- Cash -€37,333
down €37,333 (-49.4%), from €75,618 to €38,284
mainly Contributions, distributions and other (-€264,716) and Deferred charges and accrued income (-€12,686)
- Receivables within one year -€32,726
down €32,726 (-100%), from €32,726 to €0
- Deferred charges and accrued income +€12,686
up €12,686 (+678%), from €1,871 to €14,557
- Tangible fixed assets -€12,608
down €12,608 (-45.8%), from €27,541 to €14,933
- Reserves -€143,286
down €143,286 (-35.9%), from €399,534 to €256,248
- Other debts +€69,538
up €69,538, from €0 to €69,538
- Financial income +€61,957
up €61,957 (+690%), from €8,982 to €70,939
- Gross operating margin +€23,807
up €23,807 (+40.9%), from €58,245 to €82,052
- Taxes +€2,516
up €2,516 (+17.0%), from €14,776 to €17,292
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 | €426,393 | €356,412 | -€69,981 | -16.4% |
| Fixed assets | 21/28 | €316,179 | €303,571 | -€12,608 | -4.0% |
| Tangible fixed assets | 22/27 | €27,541 | €14,933 | -€12,608 | -45.8% |
| Furniture and vehicles | 24 | €27,541 | €14,933 | -€12,608 | -45.8% |
| Financial fixed assets | 28 | €288,638 | €288,638 | = | 0.0% |
| Current assets | 29/58 | €110,214 | €52,841 | -€57,373 | -52.1% |
| Amounts receivable within one year | 40/41 | €32,726 | €0 | -€32,726 | -100% |
| Other amounts receivable | 41 | €32,726 | €0 | -€32,726 | -100% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €75,618 | €38,284 | -€37,333 | -49.4% |
| Deferred charges and accrued income | 490/1 | €1,871 | €14,557 | +€12,686 | +678% |
| Total equity and liabilities | 10/49 | €426,393 | €356,412 | -€69,981 | -16.4% |
| Equity | 10/15 | €418,134 | €274,848 | -€143,286 | -34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €399,534 | €256,248 | -€143,286 | -35.9% |
| Distributable reserves | 133 | €399,534 | €256,248 | -€143,286 | -35.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,259 | €81,565 | +€73,305 | +888% |
| Amounts payable within one year | 42/48 | €8,259 | €81,565 | +€73,305 | +888% |
| Trade debts | 44 | €2,140 | €1,664 | -€476 | -22.3% |
| Suppliers | 440/4 | €2,140 | €1,664 | -€476 | -22.3% |
| Taxes, remuneration and social security | 45 | €6,119 | €10,363 | +€4,244 | +69.3% |
| Taxes | 450/3 | €6,119 | €10,363 | +€4,244 | +69.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €69,538 | +€69,538 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,817 | €13,337 | -€480 | -3.5% |
| Other operating charges | 640/8 | €1,247 | €932 | -€316 | -25.3% |
| Gross operating margin | 9900 | €58,245 | €82,052 | +€23,807 | +40.9% |
| Operating profit (loss) | 9901 | €43,180 | €67,783 | +€24,603 | +57.0% |
| Financial income | 75/76B | €8,982 | €70,939 | +€61,957 | +690% |
| Recurring financial income | 75 | €8,982 | €70,939 | +€61,957 | +690% |
| Financial charges | 65/66B | €0 | €0 | -€0 | -100% |
| Recurring financial charges | 65 | €0 | €0 | -€0 | -100% |
| Profit (loss) for the period before taxes | 9903 | €52,162 | €138,722 | +€86,560 | +166% |
| Income taxes | 67/77 | €14,776 | €17,292 | +€2,516 | +17.0% |
| Profit (loss) for the period | 9904 | €37,386 | €121,430 | +€84,044 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €37,386 | €121,430 | +€84,044 | +225% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.