Au Fond: 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.
Au Fond
Largest movements
- Cash +€47,019
up €47,019 (+19.6%), from €240,085 to €287,104
mainly Net result for the year (+€43,998) and Tax, wage and social debts (+€3,161)
- Reserves +€43,998
up €43,998 (+20.2%), from €218,328 to €262,326
of which Distributable reserves: +€43,998
- Tax, wage and social debts +€3,161
up €3,161 (+46.2%), from €6,839 to €10,000
- Gross operating margin -€5,098
down €5,098 (-6.7%), from €75,720 to €70,622
- Depreciation -€2,928
down €2,928 (-65.1%), from €4,498 to €1,570
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 | €262,920 | €310,621 | +€47,701 | +18.1% |
| Fixed assets | 21/28 | €4,390 | €2,820 | -€1,570 | -35.8% |
| Tangible fixed assets | 22/27 | €4,390 | €2,820 | -€1,570 | -35.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €1,883 | €1,687 | -€196 | -10.4% |
| Furniture and vehicles | 24 | €2,507 | €1,132 | -€1,374 | -54.8% |
| Current assets | 29/58 | €258,530 | €307,801 | +€49,271 | +19.1% |
| Amounts receivable within one year | 40/41 | €17,084 | €19,245 | +€2,162 | +12.7% |
| Trade receivables | 40 | €17,084 | €15,905 | -€1,178 | -6.9% |
| Other amounts receivable | 41 | €0 | €3,340 | +€3,340 | |
| Cash at bank and in hand | 54/58 | €240,085 | €287,104 | +€47,019 | +19.6% |
| Deferred charges and accrued income | 490/1 | €1,361 | €1,451 | +€90 | +6.6% |
| Total equity and liabilities | 10/49 | €262,920 | €310,621 | +€47,701 | +18.1% |
| Equity | 10/15 | €233,834 | €277,831 | +€43,998 | +18.8% |
| Contributions | 10/11 | €15,505 | €15,505 | = | 0.0% |
| Reserves | 13 | €218,328 | €262,326 | +€43,998 | +20.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €218,328 | €262,326 | +€43,998 | +20.2% |
| Amounts payable | 17/49 | €29,086 | €32,789 | +€3,703 | +12.7% |
| Amounts payable within one year | 42/48 | €29,086 | €32,789 | +€3,703 | +12.7% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €2,443 | €1,797 | -€647 | -26.5% |
| Suppliers | 440/4 | €2,443 | €1,797 | -€647 | -26.5% |
| Taxes, remuneration and social security | 45 | €6,839 | €10,000 | +€3,161 | +46.2% |
| Taxes | 450/3 | €6,839 | €10,000 | +€3,161 | +46.2% |
| Other amounts payable | 47/48 | €19,804 | €20,974 | +€1,170 | +5.9% |
| Non-recurring operating income | 76A | €300 | €0 | -€300 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,498 | €1,570 | -€2,928 | -65.1% |
| Other operating charges | 640/8 | €570 | €400 | -€170 | -29.8% |
| Gross operating margin | 9900 | €75,720 | €70,622 | -€5,098 | -6.7% |
| Operating profit (loss) | 9901 | €70,652 | €68,652 | -€2,000 | -2.8% |
| Financial income | 75/76B | €0 | €20 | +€20 | +197,500% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +197,500% |
| Financial charges | 65/66B | €2,613 | €2,973 | +€360 | +13.8% |
| Recurring financial charges | 65 | €2,613 | €2,973 | +€360 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €68,039 | €65,698 | -€2,341 | -3.4% |
| Income taxes | 67/77 | €22,400 | €21,701 | -€699 | -3.1% |
| Profit (loss) for the period | 9904 | €45,639 | €43,998 | -€1,641 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €45,639 | €43,998 | -€1,641 | -3.6% |
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 22 October 2026 via checked.be.