BRAND DATE: 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.
BRAND DATE
Largest movements
- Cash +€16,175
up €16,175 (+8.9%), from €181,545 to €197,719
mainly Provisions (+€28,448) and Depreciation (+€18,308)
- Tangible fixed assets -€14,053
down €14,053 (-6.9%), from €203,482 to €189,429
of which Land and buildings: -€13,107
- Receivables within one year -€5,810
down €5,810 (-23.1%), from €25,130 to €19,320
of which Other amounts receivable: -€4,123
- Provisions +€28,448
new in 2026: €28,448
- Reserves -€23,102
down €23,102 (-27.4%), from €84,403 to €61,300
of which Distributable reserves: -€21,242
- Debts after one year -€8,588
down €8,588 (-8.9%), from €96,286 to €87,697
- Profit (loss) carried forward -€5,524
down €5,524 (-2.9%), from €193,568 to €188,044
- Provisions +€28,448
new in 2026: €28,448
- Gross operating margin +€8,018
up €8,018 (+17.0%), from €47,263 to €55,281
- Taxes +€1,498
up €1,498 (+24.5%), from €6,108 to €7,606
- Other operating charges +€916
up €916 (+39.4%), from €2,326 to €3,242
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 | €412,405 | €408,554 | -€3,851 | -0.9% |
| Fixed assets | 21/28 | €203,482 | €189,429 | -€14,053 | -6.9% |
| Tangible fixed assets | 22/27 | €203,482 | €189,429 | -€14,053 | -6.9% |
| Land and buildings | 22 | €192,023 | €178,915 | -€13,107 | -6.8% |
| Plant, machinery and equipment | 23 | €470 | - | -€470 | |
| Furniture and vehicles | 24 | €2,188 | €4,363 | +€2,175 | +99.4% |
| Other tangible fixed assets | 26 | €8,802 | €6,151 | -€2,651 | -30.1% |
| Current assets | 29/58 | €208,922 | €219,125 | +€10,202 | +4.9% |
| Amounts receivable within one year | 40/41 | €25,130 | €19,320 | -€5,810 | -23.1% |
| Trade receivables | 40 | €21,001 | €19,315 | -€1,687 | -8.0% |
| Other amounts receivable | 41 | €4,128 | €5 | -€4,123 | -99.9% |
| Cash at bank and in hand | 54/58 | €181,545 | €197,719 | +€16,175 | +8.9% |
| Deferred charges and accrued income | 490/1 | €2,248 | €2,086 | -€162 | -7.2% |
| Total equity and liabilities | 10/49 | €412,405 | €408,554 | -€3,851 | -0.9% |
| Equity | 10/15 | €284,171 | €257,404 | -€26,767 | -9.4% |
| Contributions | 10/11 | €6,200 | €8,060 | +€1,860 | +30.0% |
| Reserves | 13 | €84,403 | €61,300 | -€23,102 | -27.4% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €33,813 | €33,813 | = | 0.0% |
| Distributable reserves | 133 | €48,730 | €27,488 | -€21,242 | -43.6% |
| Profit (loss) carried forward | 14 | €193,568 | €188,044 | -€5,524 | -2.9% |
| Provisions and deferred taxes | 16 | - | €28,448 | +€28,448 | |
| Provisions for liabilities and charges | 160/5 | - | €28,448 | +€28,448 | |
| Other liabilities and charges | 164/5 | - | €28,448 | +€28,448 | |
| Amounts payable | 17/49 | €128,234 | €122,702 | -€5,532 | -4.3% |
| Amounts payable after more than one year | 17 | €96,286 | €87,697 | -€8,588 | -8.9% |
| Financial debts | 170/4 | €96,286 | €87,697 | -€8,588 | -8.9% |
| Amounts payable within one year | 42/48 | €31,948 | €35,005 | +€3,056 | +9.6% |
| Current portion of amounts payable after more than one year | 42 | €8,457 | €8,588 | +€131 | +1.6% |
| Trade debts | 44 | €5,530 | €5,628 | +€98 | +1.8% |
| Suppliers | 440/4 | €5,530 | €5,628 | +€98 | +1.8% |
| Advances received on contracts in progress | 46 | €62 | - | -€62 | |
| Taxes, remuneration and social security | 45 | €7,680 | €10,928 | +€3,248 | +42.3% |
| Taxes | 450/3 | €4,323 | €7,832 | +€3,510 | +81.2% |
| Remuneration and social security | 454/9 | €3,357 | €3,096 | -€262 | -7.8% |
| Other amounts payable | 47/48 | €10,220 | €9,860 | -€359 | -3.5% |
| Remuneration, social security and pensions | 62 | €2,307 | €2,440 | +€132 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,345 | €18,308 | -€37 | -0.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €28,448 | +€28,448 | |
| Other operating charges | 640/8 | €2,326 | €3,242 | +€916 | +39.4% |
| Non-recurring operating charges | 66A | €3,570 | - | -€3,570 | |
| Gross operating margin | 9900 | €47,263 | €55,281 | +€8,018 | +17.0% |
| Operating profit (loss) | 9901 | €20,714 | €2,843 | -€17,871 | -86.3% |
| Financial income | 75/76B | €774 | €1,009 | +€234 | +30.3% |
| Recurring financial income | 75 | €774 | €1,009 | +€234 | +30.3% |
| Financial charges | 65/66B | €2,277 | €1,770 | -€507 | -22.3% |
| Recurring financial charges | 65 | €2,277 | €1,770 | -€507 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €19,212 | €2,082 | -€17,130 | -89.2% |
| Income taxes | 67/77 | €6,108 | €7,606 | +€1,498 | +24.5% |
| Profit (loss) for the period | 9904 | €13,103 | -€5,524 | -€18,628 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,103 | -€5,524 | -€18,628 |
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 28 October 2026 via checked.be.