BAL MANAGEMENT: 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.
BAL MANAGEMENT
Largest movements
- Receivables within one year +€128,043
up €128,043 (+912%), from €14,036 to €142,079
- Cash -€17,213
down €17,213 (-4.7%), from €364,253 to €347,040
mainly Receivables within one year (-€128,043) and Other debts (-€53,606)
- Reserves +€150,090
up €150,090 (+33.8%), from €444,384 to €594,474
of which Distributable reserves: +€150,090
- Other debts -€53,606
no longer reported in 2026 (was €53,606)
- Tax, wage and social debts +€13,740
new in 2026: €13,740
- Financial income +€158,160
up €158,160 (+1,603%), from €9,865 to €168,025
- Taxes +€9,478
up €9,478 (+261%), from €3,636 to €13,114
- Gross operating margin +€1,165
up €1,165 (+22.0%), from -€5,303 to -€4,138
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 | €518,289 | €629,119 | +€110,829 | +21.4% |
| Fixed assets | 21/28 | €140,000 | €140,000 | = | 0.0% |
| Financial fixed assets | 28 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €378,289 | €489,119 | +€110,829 | +29.3% |
| Amounts receivable within one year | 40/41 | €14,036 | €142,079 | +€128,043 | +912% |
| Other amounts receivable | 41 | €14,036 | €142,079 | +€128,043 | +912% |
| Cash at bank and in hand | 54/58 | €364,253 | €347,040 | -€17,213 | -4.7% |
| Total equity and liabilities | 10/49 | €518,289 | €629,119 | +€110,829 | +21.4% |
| Equity | 10/15 | €462,984 | €613,074 | +€150,090 | +32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €444,384 | €594,474 | +€150,090 | +33.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €442,524 | €592,614 | +€150,090 | +33.9% |
| Amounts payable | 17/49 | €55,306 | €16,045 | -€39,261 | -71.0% |
| Amounts payable within one year | 42/48 | €55,306 | €16,045 | -€39,261 | -71.0% |
| Trade debts | 44 | €1,700 | €2,305 | +€605 | +35.6% |
| Suppliers | 440/4 | €1,700 | €2,305 | +€605 | +35.6% |
| Taxes, remuneration and social security | 45 | - | €13,740 | +€13,740 | |
| Taxes | 450/3 | - | €13,740 | +€13,740 | |
| Other amounts payable | 47/48 | €53,606 | - | -€53,606 | |
| Other operating charges | 640/8 | €667 | €683 | +€16 | +2.4% |
| Gross operating margin | 9900 | -€5,303 | -€4,138 | +€1,165 | +22.0% |
| Operating profit (loss) | 9901 | -€5,969 | -€4,820 | +€1,149 | +19.2% |
| Financial income | 75/76B | €9,865 | €168,025 | +€158,160 | +1,603% |
| Recurring financial income | 75 | €9,865 | €168,025 | +€158,160 | +1,603% |
| Financial charges | 65/66B | - | €1 | +€1 | |
| Recurring financial charges | 65 | - | €1 | +€1 | |
| Profit (loss) for the period before taxes | 9903 | €3,896 | €163,204 | +€159,308 | +4,089% |
| Income taxes | 67/77 | €3,636 | €13,114 | +€9,478 | +261% |
| Profit (loss) for the period | 9904 | €260 | €150,090 | +€149,831 | +57,734% |
| Profit (loss) for the period to be appropriated | 9905 | €260 | €150,090 | +€149,831 | +57,734% |
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 14 October 2026 via checked.be.