COVER 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.
COVER CONCEPT
Largest movements
- Receivables within one year +€67,731
up €67,731 (+437.3%), from €15,488 to €83,219
- Cash +€2,849
up €2,849 (+53.1%), from €5,360 to €8,209
mainly Net result for the year (+€44,204) and Tax, wage and social debts (+€15,693)
- Reserves +€25,995
up €25,995 (+346.6%), from €7,500 to €33,495
- Profit (loss) carried forward +€18,209
no longer reported in 2026 (was -€18,209)
- Tax, wage and social debts +€15,693
up €15,693 (+1091.8%), from €1,437 to €17,130
- Current portion of long-term debt +€11,844
new in 2026: €11,844
- Other debts -€4,369
down €4,369 (-15.2%), from €28,780 to €24,411
- Financial income +€40,500
new in 2026: €40,500
- Gross operating margin +€8,968
up €8,968, from -€1,708 to €7,260
- Taxes +€2,600
new in 2026: €2,600
- Financial charges +€529
up €529 (+1958.1%), from €27 to €557
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 | €130,508 | €200,188 | +€69,680 | +53.4% |
| Fixed assets | 21/28 | €108,760 | €108,760 | = | 0.0% |
| Financial fixed assets | 28 | €108,760 | €108,760 | = | 0.0% |
| Current assets | 29/58 | €21,748 | €91,428 | +€69,680 | +320.4% |
| Amounts receivable within one year | 40/41 | €15,488 | €83,219 | +€67,731 | +437.3% |
| Trade receivables | 40 | €15,488 | €83,219 | +€67,731 | +437.3% |
| Cash at bank and in hand | 54/58 | €5,360 | €8,209 | +€2,849 | +53.1% |
| Deferred charges and accrued income | 490/1 | €900 | - | -€900 | |
| Total equity and liabilities | 10/49 | €130,508 | €200,188 | +€69,680 | +53.4% |
| Equity | 10/15 | €64,291 | €108,495 | +€44,204 | +68.8% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €33,495 | +€25,995 | +346.6% |
| Distributable reserves | 133 | €7,500 | €33,495 | +€25,995 | +346.6% |
| Profit (loss) carried forward | 14 | -€18,209 | - | +€18,209 | |
| Amounts payable | 17/49 | €66,217 | €91,693 | +€25,476 | +38.5% |
| Amounts payable after more than one year | 17 | €36,000 | €37,189 | +€1,189 | +3.3% |
| Financial debts | 170/4 | €36,000 | €37,189 | +€1,189 | +3.3% |
| Amounts payable within one year | 42/48 | €30,217 | €54,504 | +€24,286 | +80.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,844 | +€11,844 | |
| Trade debts | 44 | - | €1,119 | +€1,119 | |
| Suppliers | 440/4 | - | €1,119 | +€1,119 | |
| Taxes, remuneration and social security | 45 | €1,437 | €17,130 | +€15,693 | +1091.8% |
| Taxes | 450/3 | €1,437 | €17,130 | +€15,693 | +1091.8% |
| Other amounts payable | 47/48 | €28,780 | €24,411 | -€4,369 | -15.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,708 | €7,260 | +€8,968 | |
| Operating profit (loss) | 9901 | -€2,095 | €6,860 | +€8,956 | |
| Financial income | 75/76B | - | €40,500 | +€40,500 | |
| Recurring financial income | 75 | - | €40,500 | +€40,500 | |
| Financial charges | 65/66B | €27 | €557 | +€529 | +1958.1% |
| Recurring financial charges | 65 | €27 | €557 | +€529 | +1958.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,122 | €46,804 | +€48,926 | |
| Income taxes | 67/77 | - | €2,600 | +€2,600 | |
| Profit (loss) for the period | 9904 | -€2,122 | €44,204 | +€46,327 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,122 | €44,204 | +€46,327 |
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 12 October 2026 via checked.be.