D2: 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.
D2
Largest movements
- Cash -€19,126
down €19,126 (-100.0%), from €19,126 to €0
mainly Net result for the year (-€13,547) and Other debts (-€8,185)
- Profit (loss) carried forward -€14,406
down €14,406 (-67.7%), from -€21,295 to -€35,701
- Other debts -€8,185
down €8,185 (-17.4%), from €47,093 to €38,908
- Short-term financial debts +€3,113
new in 2026: €3,113
- Tax, wage and social debts +€2,846
up €2,846 (+79.8%), from €3,568 to €6,414
of which Taxes: +€1,596
- Accrued charges and deferred income +€2,116
new in 2026: €2,116
- Gross operating margin -€8,963
down €8,963 (-182.6%), from -€4,909 to -€13,872
- Financial income +€3,475
up €3,475 (+197.8%), from €1,757 to €5,232
- Taxes -€773
down €773 (-66.6%), from €1,162 to €388
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 | €156,892 | €141,424 | -€15,468 | -9.9% |
| Fixed assets | 21/28 | €114,764 | €116,266 | +€1,502 | +1.3% |
| Tangible fixed assets | 22/27 | €114 | €1,616 | +€1,502 | +1317.2% |
| Furniture and vehicles | 24 | €114 | €1,616 | +€1,502 | +1317.2% |
| Financial fixed assets | 28 | €114,650 | €114,650 | = | 0.0% |
| Current assets | 29/58 | €42,128 | €25,158 | -€16,970 | -40.3% |
| Amounts receivable within one year | 40/41 | €22,794 | €23,716 | +€922 | +4.0% |
| Trade receivables | 40 | €2,500 | €3,750 | +€1,250 | +50.0% |
| Other amounts receivable | 41 | €20,294 | €19,966 | -€328 | -1.6% |
| Cash at bank and in hand | 54/58 | €19,126 | €0 | -€19,126 | -100.0% |
| Deferred charges and accrued income | 490/1 | €207 | €1,442 | +€1,235 | +596.5% |
| Total equity and liabilities | 10/49 | €156,892 | €141,424 | -€15,468 | -9.9% |
| Equity | 10/15 | €105,068 | €90,661 | -€14,406 | -13.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €107,813 | €107,813 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €82,533 | €82,533 | = | 0.0% |
| Distributable reserves | 133 | €23,424 | €23,424 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,295 | -€35,701 | -€14,406 | -67.7% |
| Amounts payable | 17/49 | €51,824 | €50,763 | -€1,061 | -2.0% |
| Amounts payable within one year | 42/48 | €51,824 | €48,646 | -€3,177 | -6.1% |
| Financial debts | 43 | - | €3,113 | +€3,113 | |
| Credit institutions | 430/8 | - | €3,113 | +€3,113 | |
| Trade debts | 44 | €1,162 | €211 | -€951 | -81.8% |
| Suppliers | 440/4 | €1,162 | €211 | -€951 | -81.8% |
| Taxes, remuneration and social security | 45 | €3,568 | €6,414 | +€2,846 | +79.8% |
| Taxes | 450/3 | €2,318 | €3,914 | +€1,596 | +68.8% |
| Remuneration and social security | 454/9 | €1,250 | €2,500 | +€1,250 | +100.0% |
| Other amounts payable | 47/48 | €47,093 | €38,908 | -€8,185 | -17.4% |
| Accrued charges and deferred income | 492/3 | - | €2,116 | +€2,116 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €196 | €316 | +€121 | +61.7% |
| Other operating charges | 640/8 | €339 | €304 | -€35 | -10.5% |
| Gross operating margin | 9900 | -€4,909 | -€13,872 | -€8,963 | -182.6% |
| Operating profit (loss) | 9901 | -€5,444 | -€14,492 | -€9,048 | -166.2% |
| Financial income | 75/76B | €1,757 | €5,232 | +€3,475 | +197.8% |
| Recurring financial income | 75 | €1,757 | €5,232 | +€3,475 | +197.8% |
| Financial charges | 65/66B | €3,989 | €3,899 | -€89 | -2.2% |
| Recurring financial charges | 65 | €3,989 | €3,899 | -€89 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,676 | -€13,159 | -€5,484 | -71.4% |
| Income taxes | 67/77 | €1,162 | €388 | -€773 | -66.6% |
| Profit (loss) for the period | 9904 | -€8,837 | -€13,547 | -€4,710 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,837 | -€13,547 | -€4,710 | -53.3% |
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.