BE-CODE: 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.
BE-CODE
Largest movements
- Cash +€28,073
up €28,073 (+90.4%), from €31,069 to €59,142
mainly Net result for the year (+€14,472) and Other debts (+€4,981)
- Receivables within one year -€3,191
down €3,191 (-17.1%), from €18,708 to €15,518
- Tangible fixed assets -€865
down €865 (-32.7%), from €2,644 to €1,778
- Reserves +€14,000
up €14,000 (+38.4%), from €36,500 to €50,500
- Other debts +€4,981
up €4,981 (+889%), from €560 to €5,541
- Trade debts +€2,304
up €2,304 (+410%), from €562 to €2,866
- Tax, wage and social debts +€2,260
up €2,260 (+16.3%), from €13,877 to €16,137
of which Taxes: +€2,040
- Purchases and services -€29,808
down €29,808 (-17.4%), from €171,261 to €141,454
- Gross operating margin +€21,531
up €21,531 (+742%), from €2,903 to €24,433
- Taxes +€5,628
up €5,628 (+396%), from €1,421 to €7,048
- Other operating charges +€259
up €259 (+18.6%), from €1,393 to €1,651
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 | €52,421 | €76,438 | +€24,017 | +45.8% |
| Fixed assets | 21/28 | €2,644 | €1,778 | -€865 | -32.7% |
| Tangible fixed assets | 22/27 | €2,644 | €1,778 | -€865 | -32.7% |
| Plant, machinery and equipment | 23 | €2,644 | €1,778 | -€865 | -32.7% |
| Current assets | 29/58 | €49,777 | €74,659 | +€24,882 | +50.0% |
| Amounts receivable within one year | 40/41 | €18,708 | €15,518 | -€3,191 | -17.1% |
| Trade receivables | 40 | €18,708 | €15,518 | -€3,191 | -17.1% |
| Cash at bank and in hand | 54/58 | €31,069 | €59,142 | +€28,073 | +90.4% |
| Total equity and liabilities | 10/49 | €52,421 | €76,438 | +€24,017 | +45.8% |
| Equity | 10/15 | €37,422 | €51,894 | +€14,472 | +38.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €36,500 | €50,500 | +€14,000 | +38.4% |
| Distributable reserves | 133 | €36,500 | €50,500 | +€14,000 | +38.4% |
| Profit (loss) carried forward | 14 | €822 | €1,294 | +€472 | +57.4% |
| Amounts payable | 17/49 | €14,999 | €24,544 | +€9,545 | +63.6% |
| Amounts payable within one year | 42/48 | €14,999 | €24,544 | +€9,545 | +63.6% |
| Trade debts | 44 | €562 | €2,866 | +€2,304 | +410% |
| Suppliers | 440/4 | €562 | €2,866 | +€2,304 | +410% |
| Taxes, remuneration and social security | 45 | €13,877 | €16,137 | +€2,260 | +16.3% |
| Taxes | 450/3 | €9,683 | €11,722 | +€2,040 | +21.1% |
| Remuneration and social security | 454/9 | €4,194 | €4,414 | +€220 | +5.2% |
| Other amounts payable | 47/48 | €560 | €5,541 | +€4,981 | +889% |
| Goods, raw materials, services and sundry goods | 60/61 | €171,261 | €141,454 | -€29,808 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €865 | €865 | = | 0.0% |
| Other operating charges | 640/8 | €1,393 | €1,651 | +€259 | +18.6% |
| Gross operating margin | 9900 | €2,903 | €24,433 | +€21,531 | +742% |
| Operating profit (loss) | 9901 | €645 | €21,917 | +€21,272 | +3,301% |
| Financial income | 75/76B | €73 | €174 | +€101 | +138% |
| Recurring financial income | 75 | €73 | €174 | +€101 | +138% |
| Financial charges | 65/66B | €509 | €571 | +€62 | +12.1% |
| Recurring financial charges | 65 | €509 | €571 | +€62 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €208 | €21,520 | +€21,312 | +10,230% |
| Income taxes | 67/77 | €1,421 | €7,048 | +€5,628 | +396% |
| Profit (loss) for the period | 9904 | -€1,212 | €14,472 | +€15,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,212 | €14,472 | +€15,684 |
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.