Caty MATHIEU: 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.
Caty MATHIEU
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€18,000
down €18,000 (-27.1%), from €66,478 to €48,478
- Profit (loss) carried forward +€13,850
up €13,850 (+14.7%), from €94,297 to €108,147
- Tax, wage and social debts -€4,861
down €4,861 (-55.7%), from €8,728 to €3,867
- Current portion of long-term debt +€4,589
up €4,589 (+23.5%), from €19,500 to €24,089
- Gross operating margin +€3,194
up €3,194 (+16.1%), from €19,894 to €23,088
- Taxes +€674
up €674 (+12.4%), from €5,414 to €6,088
- Other operating charges +€539
up €539 (+134.9%), from €400 to €939
- Financial charges -€305
down €305 (-12.1%), from €2,516 to €2,211
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 | €235,777 | €234,078 | -€1,699 | -0.7% |
| Fixed assets | 21/28 | €230,083 | €230,083 | = | 0.0% |
| Financial fixed assets | 28 | €230,083 | €230,083 | = | 0.0% |
| Current assets | 29/58 | €5,694 | €3,995 | -€1,699 | -29.8% |
| Amounts receivable within one year | 40/41 | €3,914 | €3,028 | -€886 | -22.6% |
| Trade receivables | 40 | €3,306 | €2,470 | -€836 | -25.3% |
| Other amounts receivable | 41 | €608 | €558 | -€50 | -8.2% |
| Cash at bank and in hand | 54/58 | €637 | €310 | -€327 | -51.3% |
| Deferred charges and accrued income | 490/1 | €1,143 | €657 | -€486 | -42.5% |
| Total equity and liabilities | 10/49 | €235,777 | €234,078 | -€1,699 | -0.7% |
| Equity | 10/15 | €102,357 | €116,207 | +€13,850 | +13.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,297 | €108,147 | +€13,850 | +14.7% |
| Amounts payable | 17/49 | €133,420 | €117,872 | -€15,549 | -11.7% |
| Amounts payable after more than one year | 17 | €66,478 | €48,478 | -€18,000 | -27.1% |
| Financial debts | 170/4 | €66,478 | €48,478 | -€18,000 | -27.1% |
| Amounts payable within one year | 42/48 | €43,841 | €44,298 | +€457 | +1.0% |
| Current portion of amounts payable after more than one year | 42 | €19,500 | €24,089 | +€4,589 | +23.5% |
| Trade debts | 44 | €1,399 | €794 | -€605 | -43.3% |
| Suppliers | 440/4 | €1,399 | €794 | -€605 | -43.3% |
| Taxes, remuneration and social security | 45 | €8,728 | €3,867 | -€4,861 | -55.7% |
| Taxes | 450/3 | €8,728 | €3,867 | -€4,861 | -55.7% |
| Other amounts payable | 47/48 | €14,214 | €15,548 | +€1,334 | +9.4% |
| Accrued charges and deferred income | 492/3 | €23,102 | €25,096 | +€1,995 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €400 | €939 | +€539 | +134.9% |
| Gross operating margin | 9900 | €19,894 | €23,088 | +€3,194 | +16.1% |
| Operating profit (loss) | 9901 | €19,494 | €22,149 | +€2,655 | +13.6% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,516 | €2,211 | -€305 | -12.1% |
| Recurring financial charges | 65 | €2,516 | €2,211 | -€305 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €16,978 | €19,938 | +€2,960 | +17.4% |
| Income taxes | 67/77 | €5,414 | €6,088 | +€674 | +12.4% |
| Profit (loss) for the period | 9904 | €11,564 | €13,850 | +€2,286 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,564 | €13,850 | +€2,286 | +19.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.