DA build: 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.
DA build
Largest movements
- Cash -€16,382
down €16,382 (-41.6%), from €39,422 to €23,040
mainly Trade debts (-€18,981) and Stocks and contracts (-€15,000)
- Stocks and contracts +€15,000
up €15,000, from €0 to €15,000
of which Contracts in progress: +€15,000
- Receivables within one year -€12,857
down €12,857 (-39.2%), from €32,799 to €19,942
of which Trade receivables: -€24,588
- Deferred charges and accrued income -€4,432
down €4,432 (-20.8%), from €21,290 to €16,858
- Tangible fixed assets +€3,225
up €3,225 (+22.9%), from €14,090 to €17,315
of which Other tangible fixed assets: +€1,653
- Trade debts -€18,981
down €18,981 (-64.2%), from €29,556 to €10,575
- Other debts +€5,048
up €5,048 (+59.3%), from €8,517 to €13,565
- Current portion of long-term debt -€3,069
down €3,069 (-100%), from €3,069 to €0
- Reserves +€2,306
up €2,306 (+3.9%), from €59,239 to €61,546
- Gross operating margin +€13,223
up €13,223 (+43.4%), from €30,433 to €43,656
- Depreciation +€2,451
up €2,451 (+57.0%), from €4,301 to €6,752
- Taxes +€1,565
up €1,565 (+13.5%), from €11,569 to €13,134
- Financial income -€673
down €673 (-64.0%), from €1,051 to €378
- Other operating charges +€585
up €585 (+28.7%), from €2,036 to €2,622
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.
Derived cash bridge
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 | €107,602 | €92,156 | -€15,446 | -14.4% |
| Fixed assets | 21/28 | €14,090 | €17,315 | +€3,225 | +22.9% |
| Tangible fixed assets | 22/27 | €14,090 | €17,315 | +€3,225 | +22.9% |
| Plant, machinery and equipment | 23 | €4,265 | €4,866 | +€601 | +14.1% |
| Furniture and vehicles | 24 | €3,502 | €4,473 | +€971 | +27.7% |
| Other tangible fixed assets | 26 | €6,324 | €7,977 | +€1,653 | +26.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €93,512 | €74,840 | -€18,671 | -20.0% |
| Stocks and contracts in progress | 3 | €0 | €15,000 | +€15,000 | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €32,799 | €19,942 | -€12,857 | -39.2% |
| Trade receivables | 40 | €24,588 | €0 | -€24,588 | -100% |
| Other amounts receivable | 41 | €8,212 | €19,942 | +€11,731 | +143% |
| Cash at bank and in hand | 54/58 | €39,422 | €23,040 | -€16,382 | -41.6% |
| Deferred charges and accrued income | 490/1 | €21,290 | €16,858 | -€4,432 | -20.8% |
| Total equity and liabilities | 10/49 | €107,602 | €92,156 | -€15,446 | -14.4% |
| Equity | 10/15 | €65,447 | €67,754 | +€2,306 | +3.5% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €59,239 | €61,546 | +€2,306 | +3.9% |
| Distributable reserves | 133 | €59,239 | €61,546 | +€2,306 | +3.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,154 | €24,402 | -€17,753 | -42.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €42,154 | €24,402 | -€17,753 | -42.1% |
| Current portion of amounts payable after more than one year | 42 | €3,069 | €0 | -€3,069 | -100% |
| Trade debts | 44 | €29,556 | €10,575 | -€18,981 | -64.2% |
| Suppliers | 440/4 | €29,556 | €10,575 | -€18,981 | -64.2% |
| Taxes, remuneration and social security | 45 | €1,011 | €261 | -€750 | -74.2% |
| Taxes | 450/3 | €1,011 | €261 | -€750 | -74.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €8,517 | €13,565 | +€5,048 | +59.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €4,132 | €0 | -€4,132 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,301 | €6,752 | +€2,451 | +57.0% |
| Other operating charges | 640/8 | €2,036 | €2,622 | +€585 | +28.7% |
| Non-recurring operating charges | 66A | €0 | €6,335 | +€6,335 | |
| Gross operating margin | 9900 | €30,433 | €43,656 | +€13,223 | +43.4% |
| Operating profit (loss) | 9901 | €24,096 | €27,947 | +€3,851 | +16.0% |
| Financial income | 75/76B | €1,051 | €378 | -€673 | -64.0% |
| Recurring financial income | 75 | €1,051 | €378 | -€673 | -64.0% |
| Financial charges | 65/66B | €1,148 | €1,113 | -€35 | -3.1% |
| Recurring financial charges | 65 | €1,148 | €1,113 | -€35 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €23,998 | €27,212 | +€3,213 | +13.4% |
| Income taxes | 67/77 | €11,569 | €13,134 | +€1,565 | +13.5% |
| Profit (loss) for the period | 9904 | €12,429 | €14,077 | +€1,648 | +13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,429 | €14,077 | +€1,648 | +13.3% |
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 18 October 2026 via checked.be.