ARE P0108: 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.
ARE P0108
Largest movements
- Stocks and contracts +€161,218
up €161,218 (+51.0%), from €316,014 to €477,232
- Cash +€8,237
up €8,237 (+97.5%), from €8,451 to €16,688
mainly Debts after one year (+€160,000) and Accrued charges and deferred income (+€36,760)
- Debts after one year +€160,000
up €160,000 (+46.8%), from €342,000 to €502,000
- Profit (loss) carried forward -€41,681
down €41,681 (-63.3%), from -€65,894 to -€107,575
- Accrued charges and deferred income +€36,760
up €36,760 (+81.0%), from €45,378 to €82,139
- Trade debts +€17,922
up €17,922 (+2966.2%), from €604 to €18,526
- Financial charges +€6,189
up €6,189 (+20.1%), from €30,867 to €37,056
- Gross operating margin +€3,858
up €3,858 (+48.8%), from -€7,899 to -€4,041
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 | €326,088 | €499,090 | +€173,001 | +53.1% |
| Current assets | 29/58 | €326,088 | €499,090 | +€173,001 | +53.1% |
| Stocks and contracts in progress | 3 | €316,014 | €477,232 | +€161,218 | +51.0% |
| Stocks | 30/36 | €316,014 | €477,232 | +€161,218 | +51.0% |
| Amounts receivable within one year | 40/41 | €1,623 | €5,133 | +€3,510 | +216.3% |
| Other amounts receivable | 41 | €1,623 | €5,133 | +€3,510 | +216.3% |
| Cash at bank and in hand | 54/58 | €8,451 | €16,688 | +€8,237 | +97.5% |
| Deferred charges and accrued income | 490/1 | - | €36 | +€36 | |
| Total equity and liabilities | 10/49 | €326,088 | €499,090 | +€173,001 | +53.1% |
| Equity | 10/15 | -€61,894 | -€103,575 | -€41,681 | -67.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,894 | -€107,575 | -€41,681 | -63.3% |
| Amounts payable | 17/49 | €387,982 | €602,664 | +€214,682 | +55.3% |
| Amounts payable after more than one year | 17 | €342,000 | €502,000 | +€160,000 | +46.8% |
| Financial debts | 170/4 | €342,000 | €502,000 | +€160,000 | +46.8% |
| Amounts payable within one year | 42/48 | €604 | €18,526 | +€17,922 | +2966.2% |
| Trade debts | 44 | €604 | €18,526 | +€17,922 | +2966.2% |
| Suppliers | 440/4 | €604 | €18,526 | +€17,922 | +2966.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €45,378 | €82,139 | +€36,760 | +81.0% |
| Other operating charges | 640/8 | €532 | €583 | +€52 | +9.7% |
| Gross operating margin | 9900 | -€7,899 | -€4,041 | +€3,858 | +48.8% |
| Operating profit (loss) | 9901 | -€8,431 | -€4,625 | +€3,806 | +45.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €30,867 | €37,056 | +€6,189 | +20.1% |
| Recurring financial charges | 65 | €30,867 | €37,056 | +€6,189 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,298 | -€41,681 | -€2,383 | -6.1% |
| Profit (loss) for the period | 9904 | -€39,298 | -€41,681 | -€2,383 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,298 | -€41,681 | -€2,383 | -6.1% |
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 12 October 2026 via checked.be.