Concept: 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.
Concept
Largest movements
- Receivables within one year +€56,530
up €56,530 (+139.1%), from €40,646 to €97,176
of which Trade receivables: +€35,557
- Cash -€9,344
down €9,344 (-75.7%), from €12,339 to €2,995
mainly Receivables within one year (-€56,530) and Investment in fixed assets (net) (-€11,162)
- Tangible fixed assets -€2,212
down €2,212 (-11.6%), from €19,025 to €16,814
of which Furniture and vehicles: -€7,977
- Trade debts +€49,889
up €49,889 (+1315.8%), from €3,792 to €53,680
- Tax, wage and social debts -€6,825
no longer reported in 2026 (was €6,825)
- Profit (loss) carried forward +€2,841
up €2,841 (+8.3%), from -€34,387 to -€31,547
- Gross operating margin +€36,411
up €36,411, from -€11,157 to €25,254
- Depreciation -€2,057
down €2,057 (-12.6%), from €16,368 to €14,312
- Financial income -€828
no longer reported in 2026 (was €828)
- Other operating charges +€654
up €654 (+43.3%), from €1,511 to €2,165
- Financial charges +€621
up €621 (+11.7%), from €5,316 to €5,937
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 | €111,052 | €155,089 | +€44,037 | +39.7% |
| Fixed assets | 21/28 | €27,499 | €24,350 | -€3,149 | -11.5% |
| Intangible fixed assets | 21 | €4,424 | €3,486 | -€938 | -21.2% |
| Tangible fixed assets | 22/27 | €19,025 | €16,814 | -€2,212 | -11.6% |
| Plant, machinery and equipment | 23 | €5,347 | €11,113 | +€5,766 | +107.8% |
| Furniture and vehicles | 24 | €9,678 | €1,701 | -€7,977 | -82.4% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €83,553 | €130,739 | +€47,186 | +56.5% |
| Amounts receivable after more than one year | 29 | €30,568 | €30,568 | = | 0.0% |
| Trade receivables | 290 | €30,568 | €30,568 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,646 | €97,176 | +€56,530 | +139.1% |
| Trade receivables | 40 | €10,141 | €45,698 | +€35,557 | +350.6% |
| Other amounts receivable | 41 | €30,505 | €51,478 | +€20,973 | +68.8% |
| Cash at bank and in hand | 54/58 | €12,339 | €2,995 | -€9,344 | -75.7% |
| Total equity and liabilities | 10/49 | €111,052 | €155,089 | +€44,037 | +39.7% |
| Equity | 10/15 | €59,638 | €62,479 | +€2,841 | +4.8% |
| Contributions | 10/11 | €9,360 | €9,360 | = | 0.0% |
| Reserves | 13 | €84,665 | €84,665 | = | 0.0% |
| Distributable reserves | 133 | €84,665 | €84,665 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,387 | -€31,547 | +€2,841 | +8.3% |
| Amounts payable | 17/49 | €51,415 | €92,611 | +€41,196 | +80.1% |
| Amounts payable within one year | 42/48 | €50,285 | €92,611 | +€42,325 | +84.2% |
| Current portion of amounts payable after more than one year | 42 | €975 | - | -€975 | |
| Financial debts | 43 | €38,693 | €38,930 | +€237 | +0.6% |
| Credit institutions | 430/8 | €38,693 | €38,930 | +€237 | +0.6% |
| Trade debts | 44 | €3,792 | €53,680 | +€49,889 | +1315.8% |
| Suppliers | 440/4 | €3,792 | €53,680 | +€49,889 | +1315.8% |
| Taxes, remuneration and social security | 45 | €6,825 | - | -€6,825 | |
| Taxes | 450/3 | €6,825 | - | -€6,825 | |
| Accrued charges and deferred income | 492/3 | €1,129 | - | -€1,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,368 | €14,312 | -€2,057 | -12.6% |
| Other operating charges | 640/8 | €1,511 | €2,165 | +€654 | +43.3% |
| Gross operating margin | 9900 | -€11,157 | €25,254 | +€36,411 | |
| Operating profit (loss) | 9901 | -€29,036 | €8,777 | +€37,814 | |
| Financial income | 75/76B | €828 | - | -€828 | |
| Recurring financial income | 75 | €828 | - | -€828 | |
| Financial charges | 65/66B | €5,316 | €5,937 | +€621 | +11.7% |
| Recurring financial charges | 65 | €5,316 | €5,937 | +€621 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,524 | €2,841 | +€36,365 | |
| Profit (loss) for the period | 9904 | -€33,524 | €2,841 | +€36,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,524 | €2,841 | +€36,365 |
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 9 October 2026 via checked.be.