ANTOINE JONGBLOET: 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.
ANTOINE JONGBLOET
Largest movements
- Tangible fixed assets -€9,786
down €9,786 (-85.0%), from €11,509 to €1,723
- Cash -€4,647
down €4,647 (-13.9%), from €33,324 to €28,677
mainly Net result for the year (-€5,495) and Debts after one year (-€5,151)
- Stocks and contracts +€772
up €772 (+9.1%), from €8,456 to €9,228
- Receivables within one year -€599
down €599 (-11.2%), from €5,369 to €4,770
of which Other amounts receivable: -€1,181
- Profit (loss) carried forward -€5,495
down €5,495 (-11.7%), from -€46,951 to -€52,446
- Debts after one year -€5,151
down €5,151 (-85.6%), from €6,017 to €865
- Other debts -€4,141
down €4,141 (-13.1%), from €31,672 to €27,531
- Gross operating margin -€884
down €884 (-14.1%), from €6,275 to €5,392
- Depreciation -€205
down €205 (-2.1%), from €9,991 to €9,786
- Financial charges -€63
down €63 (-23.9%), from €265 to €202
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 | €59,025 | €44,783 | -€14,242 | -24.1% |
| Fixed assets | 21/28 | €11,509 | €1,723 | -€9,786 | -85.0% |
| Tangible fixed assets | 22/27 | €11,509 | €1,723 | -€9,786 | -85.0% |
| Furniture and vehicles | 24 | €11,509 | €1,723 | -€9,786 | -85.0% |
| Current assets | 29/58 | €47,516 | €43,059 | -€4,456 | -9.4% |
| Stocks and contracts in progress | 3 | €8,456 | €9,228 | +€772 | +9.1% |
| Stocks | 30/36 | €8,456 | €9,228 | +€772 | +9.1% |
| Amounts receivable within one year | 40/41 | €5,369 | €4,770 | -€599 | -11.2% |
| Trade receivables | 40 | €3,255 | €3,837 | +€582 | +17.9% |
| Other amounts receivable | 41 | €2,115 | €933 | -€1,181 | -55.9% |
| Cash at bank and in hand | 54/58 | €33,324 | €28,677 | -€4,647 | -13.9% |
| Deferred charges and accrued income | 490/1 | €366 | €384 | +€18 | +4.9% |
| Total equity and liabilities | 10/49 | €59,025 | €44,783 | -€14,242 | -24.1% |
| Equity | 10/15 | €15,653 | €10,158 | -€5,495 | -35.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €50,204 | €50,204 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €48,344 | €48,344 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,951 | -€52,446 | -€5,495 | -11.7% |
| Amounts payable | 17/49 | €43,372 | €34,625 | -€8,747 | -20.2% |
| Amounts payable after more than one year | 17 | €6,017 | €865 | -€5,151 | -85.6% |
| Financial debts | 170/4 | €6,017 | €865 | -€5,151 | -85.6% |
| Amounts payable within one year | 42/48 | €37,355 | €33,759 | -€3,596 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €5,085 | €5,151 | +€66 | +1.3% |
| Trade debts | 44 | €402 | €881 | +€479 | +119% |
| Suppliers | 440/4 | €402 | €881 | +€479 | +119% |
| Taxes, remuneration and social security | 45 | €195 | €195 | = | 0.0% |
| Taxes | 450/3 | €195 | €195 | = | 0.0% |
| Other amounts payable | 47/48 | €31,672 | €27,531 | -€4,141 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,991 | €9,786 | -€205 | -2.1% |
| Other operating charges | 640/8 | €943 | €899 | -€44 | -4.6% |
| Gross operating margin | 9900 | €6,275 | €5,392 | -€884 | -14.1% |
| Operating profit (loss) | 9901 | -€4,658 | -€5,293 | -€635 | -13.6% |
| Financial charges | 65/66B | €265 | €202 | -€63 | -23.9% |
| Recurring financial charges | 65 | €265 | €202 | -€63 | -23.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,923 | -€5,495 | -€571 | -11.6% |
| Profit (loss) for the period | 9904 | -€4,923 | -€5,495 | -€571 | -11.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,923 | -€5,495 | -€571 | -11.6% |
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 30 October 2026 via checked.be.