Bianca Chang: 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.
Bianca Chang
Largest movements
- Current investments +€151,462
up €151,462 (+151%), from €100,600 to €252,062
- Cash +€28,653
up €28,653 (+11.5%), from €248,516 to €277,169
mainly Net result for the year (+€178,635) and Trade debts (+€1,520)
- Profit (loss) carried forward +€178,635
up €178,635 (+63.5%), from €281,383 to €460,018
- Gross operating margin +€3,155
up €3,155 (+1.4%), from €231,736 to €234,890
- Financial income +€3,077
up €3,077 (+173%), from €1,775 to €4,852
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 | €364,797 | €546,080 | +€181,283 | +49.7% |
| Fixed assets | 21/28 | €2,343 | €2,099 | -€244 | -10.4% |
| Tangible fixed assets | 22/27 | €2,343 | €2,099 | -€244 | -10.4% |
| Plant, machinery and equipment | 23 | €2,343 | €2,099 | -€244 | -10.4% |
| Current assets | 29/58 | €362,455 | €543,982 | +€181,527 | +50.1% |
| Amounts receivable within one year | 40/41 | €10,811 | €12,222 | +€1,411 | +13.1% |
| Trade receivables | 40 | - | €188 | +€188 | |
| Other amounts receivable | 41 | €10,811 | €12,034 | +€1,223 | +11.3% |
| Current investments | 50/53 | €100,600 | €252,062 | +€151,462 | +151% |
| Cash at bank and in hand | 54/58 | €248,516 | €277,169 | +€28,653 | +11.5% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,529 | +€1 | +0.1% |
| Total equity and liabilities | 10/49 | €364,797 | €546,080 | +€181,283 | +49.7% |
| Equity | 10/15 | €296,383 | €475,018 | +€178,635 | +60.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281,383 | €460,018 | +€178,635 | +63.5% |
| Amounts payable | 17/49 | €68,414 | €71,063 | +€2,648 | +3.9% |
| Amounts payable within one year | 42/48 | €68,414 | €71,063 | +€2,648 | +3.9% |
| Trade debts | 44 | €3,716 | €5,237 | +€1,520 | +40.9% |
| Suppliers | 440/4 | €3,716 | €5,237 | +€1,520 | +40.9% |
| Taxes, remuneration and social security | 45 | €64,698 | €65,826 | +€1,128 | +1.7% |
| Taxes | 450/3 | €64,698 | €65,826 | +€1,128 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98 | €244 | +€146 | +148% |
| Other operating charges | 640/8 | €839 | €798 | -€41 | -4.9% |
| Gross operating margin | 9900 | €231,736 | €234,890 | +€3,155 | +1.4% |
| Operating profit (loss) | 9901 | €230,798 | €233,848 | +€3,050 | +1.3% |
| Financial income | 75/76B | €1,775 | €4,852 | +€3,077 | +173% |
| Recurring financial income | 75 | €1,775 | €4,852 | +€3,077 | +173% |
| Financial charges | 65/66B | €5,492 | €5,639 | +€147 | +2.7% |
| Recurring financial charges | 65 | €5,492 | €5,639 | +€147 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €227,081 | €233,061 | +€5,980 | +2.6% |
| Income taxes | 67/77 | €52,666 | €54,426 | +€1,761 | +3.3% |
| Profit (loss) for the period | 9904 | €174,415 | €178,635 | +€4,219 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €174,415 | €178,635 | +€4,219 | +2.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.