Beeldkracht: 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.
Beeldkracht
Largest movements
- Cash +€17,604
up €17,604 (+289.4%), from €6,083 to €23,686
mainly Net result for the year (+€25,677) and Depreciation (+€4,031)
- Tangible fixed assets +€4,102
up €4,102 (+37.3%), from €10,983 to €15,085
of which Plant, machinery and equipment: +€4,991
- Receivables within one year +€3,184
up €3,184 (+95.6%), from €3,331 to €6,515
of which Other amounts receivable: +€2,248
- Deferred charges and accrued income +€1,290
up €1,290 (+511.2%), from €252 to €1,542
- Profit (loss) carried forward +€25,677
up €25,677 (+911.6%), from €2,817 to €28,493
- Debts after one year -€2,520
no longer reported in 2026 (was €2,520)
- Tax, wage and social debts +€1,729
new in 2026: €1,729
- Other debts +€1,096
up €1,096 (+9.4%), from €11,719 to €12,814
- Accrued charges and deferred income +€737
new in 2026: €737
- Gross operating margin +€30,540
up €30,540 (+333.6%), from €9,155 to €39,694
- Taxes +€5,669
up €5,669 (+310.5%), from €1,826 to €7,495
- Depreciation +€2,434
up €2,434 (+152.4%), from €1,597 to €4,031
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 | €22,899 | €49,078 | +€26,179 | +114.3% |
| Fixed assets | 21/28 | €13,233 | €17,335 | +€4,102 | +31.0% |
| Tangible fixed assets | 22/27 | €10,983 | €15,085 | +€4,102 | +37.3% |
| Plant, machinery and equipment | 23 | €5,779 | €10,770 | +€4,991 | +86.4% |
| Furniture and vehicles | 24 | €3,273 | €2,822 | -€451 | -13.8% |
| Other tangible fixed assets | 26 | €1,931 | €1,493 | -€438 | -22.7% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €9,666 | €31,743 | +€22,078 | +228.4% |
| Amounts receivable within one year | 40/41 | €3,331 | €6,515 | +€3,184 | +95.6% |
| Trade receivables | 40 | €2,400 | €3,336 | +€936 | +39.0% |
| Other amounts receivable | 41 | €931 | €3,179 | +€2,248 | +241.4% |
| Cash at bank and in hand | 54/58 | €6,083 | €23,686 | +€17,604 | +289.4% |
| Deferred charges and accrued income | 490/1 | €252 | €1,542 | +€1,290 | +511.2% |
| Total equity and liabilities | 10/49 | €22,899 | €49,078 | +€26,179 | +114.3% |
| Equity | 10/15 | €4,817 | €30,493 | +€25,677 | +533.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,817 | €28,493 | +€25,677 | +911.6% |
| Amounts payable | 17/49 | €18,082 | €18,585 | +€503 | +2.8% |
| Amounts payable after more than one year | 17 | €2,520 | - | -€2,520 | |
| Financial debts | 170/4 | €2,520 | - | -€2,520 | |
| Amounts payable within one year | 42/48 | €15,562 | €17,848 | +€2,286 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €3,205 | €2,520 | -€685 | -21.4% |
| Trade debts | 44 | €639 | €784 | +€146 | +22.8% |
| Suppliers | 440/4 | €639 | €784 | +€146 | +22.8% |
| Taxes, remuneration and social security | 45 | - | €1,729 | +€1,729 | |
| Taxes | 450/3 | - | €1,729 | +€1,729 | |
| Other amounts payable | 47/48 | €11,719 | €12,814 | +€1,096 | +9.4% |
| Accrued charges and deferred income | 492/3 | - | €737 | +€737 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,597 | €4,031 | +€2,434 | +152.4% |
| Other operating charges | 640/8 | €2,367 | €2,319 | -€48 | -2.0% |
| Gross operating margin | 9900 | €9,155 | €39,694 | +€30,540 | +333.6% |
| Operating profit (loss) | 9901 | €5,191 | €33,344 | +€28,153 | +542.3% |
| Financial income | 75/76B | - | €391 | +€391 | |
| Recurring financial income | 75 | - | €391 | +€391 | |
| Financial charges | 65/66B | €549 | €564 | +€15 | +2.7% |
| Recurring financial charges | 65 | €549 | €564 | +€15 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €4,642 | €33,172 | +€28,529 | +614.5% |
| Income taxes | 67/77 | €1,826 | €7,495 | +€5,669 | +310.5% |
| Profit (loss) for the period | 9904 | €2,817 | €25,677 | +€22,860 | +811.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,817 | €25,677 | +€22,860 | +811.6% |
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 11 October 2026 via checked.be.