byNubian: what changed
Two fiscal 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.
byNubian
Largest movements
- Receivables within one year -€95,342
down €95,342 (-32.9%), from €289,497 to €194,155
of which Other amounts receivable: -€62,500
- Intangible fixed assets -€40,852
down €40,852 (-9.3%), from €438,064 to €397,212
- Cash -€12,053
down €12,053 (-100.0%), from €12,053 to €0
mainly Investment in fixed assets (net) (-€115,000) and Debts after one year (-€61,573)
- Debts after one year -€61,573
down €61,573 (-100.0%), from €61,573 to €0
- Reserves -€60,476
down €60,476 (-14.9%), from €405,120 to €344,644
- Other debts -€29,820
down €29,820 (-19.1%), from €156,281 to €126,461
- Short-term financial debts +€20,731
new in 2026: €20,731
- Current portion of long-term debt -€19,648
down €19,648 (-24.2%), from €81,222 to €61,573
- Depreciation +€47,026
up €47,026 (+42.8%), from €109,910 to €156,936
- Gross operating margin +€19,398
up €19,398 (+5.8%), from €333,254 to €352,652
- Staff costs +€9,997
up €9,997 (+4.5%), from €221,883 to €231,880
- Financial charges -€8,123
down €8,123 (-77.1%), from €10,537 to €2,414
of which Non-recurring financial charges: -€7,499
- Financial income -€4,167
down €4,167 (-52.6%), from €7,917 to €3,750
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 | €819,403 | €667,457 | -€151,946 | -18.5% |
| Fixed assets | 21/28 | €514,263 | €472,327 | -€41,936 | -8.2% |
| Intangible fixed assets | 21 | €438,064 | €397,212 | -€40,852 | -9.3% |
| Tangible fixed assets | 22/27 | €2,219 | €1,135 | -€1,084 | -48.9% |
| Plant, machinery and equipment | 23 | €2,219 | €1,135 | -€1,084 | -48.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €73,980 | €73,980 | = | 0.0% |
| Current assets | 29/58 | €305,140 | €195,130 | -€110,010 | -36.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €289,497 | €194,155 | -€95,342 | -32.9% |
| Trade receivables | 40 | €226,997 | €194,155 | -€32,842 | -14.5% |
| Other amounts receivable | 41 | €62,500 | €0 | -€62,500 | -100.0% |
| Cash at bank and in hand | 54/58 | €12,053 | €0 | -€12,053 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,590 | €975 | -€2,615 | -72.8% |
| Total equity and liabilities | 10/49 | €819,403 | €667,457 | -€151,946 | -18.5% |
| Equity | 10/15 | €423,720 | €363,244 | -€60,476 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €405,120 | €344,644 | -€60,476 | -14.9% |
| Distributable reserves | 133 | €405,120 | €344,644 | -€60,476 | -14.9% |
| Amounts payable | 17/49 | €395,684 | €304,214 | -€91,470 | -23.1% |
| Amounts payable after more than one year | 17 | €61,573 | €0 | -€61,573 | -100.0% |
| Financial debts | 170/4 | €61,573 | €0 | -€61,573 | -100.0% |
| Amounts payable within one year | 42/48 | €334,111 | €304,214 | -€29,897 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €81,222 | €61,573 | -€19,648 | -24.2% |
| Financial debts | 43 | - | €20,731 | +€20,731 | |
| Credit institutions | 430/8 | - | €20,731 | +€20,731 | |
| Trade debts | 44 | €53,937 | €61,266 | +€7,329 | +13.6% |
| Suppliers | 440/4 | €53,937 | €61,266 | +€7,329 | +13.6% |
| Taxes, remuneration and social security | 45 | €42,671 | €34,182 | -€8,489 | -19.9% |
| Taxes | 450/3 | €13,845 | €4,425 | -€9,420 | -68.0% |
| Remuneration and social security | 454/9 | €28,826 | €29,757 | +€931 | +3.2% |
| Other amounts payable | 47/48 | €156,281 | €126,461 | -€29,820 | -19.1% |
| Non-recurring operating income | 76A | €205 | €1,351 | +€1,146 | +558.7% |
| Remuneration, social security and pensions | 62 | €221,883 | €231,880 | +€9,997 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,910 | €156,936 | +€47,026 | +42.8% |
| Other operating charges | 640/8 | €1,313 | €632 | -€682 | -51.9% |
| Non-recurring operating charges | 66A | €0 | €25,017 | +€25,017 | |
| Gross operating margin | 9900 | €333,254 | €352,652 | +€19,398 | +5.8% |
| Operating profit (loss) | 9901 | €148 | -€61,812 | -€61,960 | |
| Financial income | 75/76B | €7,917 | €3,750 | -€4,167 | -52.6% |
| Recurring financial income | 75 | €7,917 | €3,750 | -€4,167 | -52.6% |
| Financial charges | 65/66B | €10,537 | €2,414 | -€8,123 | -77.1% |
| Recurring financial charges | 65 | €3,038 | €2,414 | -€624 | -20.5% |
| Non-recurring financial charges | 66B | €7,499 | €0 | -€7,499 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,472 | -€60,476 | -€58,004 | -2346.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,472 | -€60,476 | -€58,004 | -2346.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,472 | -€60,476 | -€58,004 | -2346.3% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.