B. Matters: 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.
B. Matters
Largest movements
- Receivables within one year -€6,333
down €6,333 (-61.0%), from €10,378 to €4,046
of which Trade receivables: -€7,448
- Cash +€1,260
up €1,260 (+41.8%), from €3,013 to €4,273
mainly Receivables within one year (+€6,333) and Accrued charges and deferred income (+€180)
- Deferred charges and accrued income +€606
up €606, from €0 to €606
- Financial fixed assets +€327
new in 2026: €327
- Profit (loss) carried forward -€3,381
down €3,381 (-33.3%), from -€10,163 to -€13,544
- Trade debts -€1,007
down €1,007 (-73.2%), from €1,375 to €368
- Accrued charges and deferred income +€180
up €180 (+100.5%), from €179 to €359
- Gross operating margin -€18,956
down €18,956, from €14,447 to -€4,508
- Staff costs -€5,565
down €5,565, from €5,506 to -€59
- Financial income +€1,873
new in 2026: €1,873
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 | €13,391 | €9,252 | -€4,140 | -30.9% |
| Fixed assets | 21/28 | - | €327 | +€327 | |
| Financial fixed assets | 28 | - | €327 | +€327 | |
| Current assets | 29/58 | €13,391 | €8,925 | -€4,467 | -33.4% |
| Amounts receivable within one year | 40/41 | €10,378 | €4,046 | -€6,333 | -61.0% |
| Trade receivables | 40 | €9,807 | €2,360 | -€7,448 | -75.9% |
| Other amounts receivable | 41 | €571 | €1,686 | +€1,115 | +195.1% |
| Cash at bank and in hand | 54/58 | €3,013 | €4,273 | +€1,260 | +41.8% |
| Deferred charges and accrued income | 490/1 | €0 | €606 | +€606 | |
| Total equity and liabilities | 10/49 | €13,391 | €9,252 | -€4,140 | -30.9% |
| Equity | 10/15 | -€163 | -€3,544 | -€3,381 | -2080.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,163 | -€13,544 | -€3,381 | -33.3% |
| Amounts payable | 17/49 | €13,554 | €12,796 | -€758 | -5.6% |
| Amounts payable after more than one year | 17 | €12,000 | €12,000 | = | 0.0% |
| Financial debts | 170/4 | €12,000 | €12,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,375 | €437 | -€938 | -68.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,375 | €368 | -€1,007 | -73.2% |
| Suppliers | 440/4 | €1,375 | €368 | -€1,007 | -73.2% |
| Taxes, remuneration and social security | 45 | €0 | €69 | +€69 | |
| Taxes | 450/3 | €0 | €69 | +€69 | |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €179 | €359 | +€180 | +100.5% |
| Remuneration, social security and pensions | 62 | €5,506 | -€59 | -€5,565 | |
| Other operating charges | 640/8 | €552 | €548 | -€4 | -0.8% |
| Gross operating margin | 9900 | €14,447 | -€4,508 | -€18,956 | |
| Operating profit (loss) | 9901 | €8,389 | -€4,998 | -€13,387 | |
| Financial income | 75/76B | - | €1,873 | +€1,873 | |
| Recurring financial income | 75 | - | €1,873 | +€1,873 | |
| Financial charges | 65/66B | €389 | €256 | -€133 | -34.1% |
| Recurring financial charges | 65 | €389 | €256 | -€133 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €8,000 | -€3,381 | -€11,381 | |
| Profit (loss) for the period | 9904 | €8,000 | -€3,381 | -€11,381 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,000 | -€3,381 | -€11,381 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.