DANIEL MAES HUISARTS: 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.
DANIEL MAES HUISARTS
Largest movements
- Cash +€79,586
up €79,586 (+425%), from €18,706 to €98,292
mainly Net result for the year (+€87,810) and Tax, wage and social debts (+€18,573)
- Deferred charges and accrued income +€20,359
up €20,359 (+1,246%), from €1,634 to €21,993
- Receivables within one year +€8,221
new in 2026: €8,221
- Reserves +€86,980
up €86,980 (+569%), from €15,286 to €102,266
- Tax, wage and social debts +€18,573
up €18,573 (+366%), from €5,075 to €23,648
- Other debts +€1,588
up €1,588 (+7.9%), from €20,107 to €21,695
- Gross operating margin +€93,346
up €93,346 (+463%), from €20,167 to €113,513
- Taxes +€19,022
up €19,022 (+470%), from €4,045 to €23,066
- Financial charges +€1,143
up €1,143 (+10,164%), from €11 to €1,155
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 | €41,924 | €148,609 | +€106,685 | +254% |
| Formation expenses | 20 | €3,340 | €2,600 | -€740 | -22.2% |
| Fixed assets | 21/28 | €18,245 | €17,503 | -€742 | -4.1% |
| Tangible fixed assets | 22/27 | €3,245 | €2,503 | -€742 | -22.9% |
| Plant, machinery and equipment | 23 | €3,245 | €2,503 | -€742 | -22.9% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €20,339 | €128,506 | +€108,167 | +532% |
| Amounts receivable within one year | 40/41 | - | €8,221 | +€8,221 | |
| Other amounts receivable | 41 | - | €8,221 | +€8,221 | |
| Cash at bank and in hand | 54/58 | €18,706 | €98,292 | +€79,586 | +425% |
| Deferred charges and accrued income | 490/1 | €1,634 | €21,993 | +€20,359 | +1,246% |
| Total equity and liabilities | 10/49 | €41,924 | €148,609 | +€106,685 | +254% |
| Equity | 10/15 | €16,286 | €103,266 | +€86,980 | +534% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,286 | €102,266 | +€86,980 | +569% |
| Distributable reserves | 133 | €15,286 | €102,266 | +€86,980 | +569% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €25,638 | €45,343 | +€19,705 | +76.9% |
| Amounts payable within one year | 42/48 | €25,638 | €45,343 | +€19,705 | +76.9% |
| Trade debts | 44 | €455 | €0 | -€455 | -100% |
| Suppliers | 440/4 | €455 | €0 | -€455 | -100% |
| Taxes, remuneration and social security | 45 | €5,075 | €23,648 | +€18,573 | +366% |
| Taxes | 450/3 | €5,075 | €23,648 | +€18,573 | +366% |
| Other amounts payable | 47/48 | €20,107 | €21,695 | +€1,588 | +7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €824 | €1,482 | +€658 | +79.8% |
| Gross operating margin | 9900 | €20,167 | €113,513 | +€93,346 | +463% |
| Operating profit (loss) | 9901 | €19,342 | €112,031 | +€92,688 | +479% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €11 | €1,155 | +€1,143 | +10,164% |
| Recurring financial charges | 65 | €11 | €1,155 | +€1,143 | +10,164% |
| Profit (loss) for the period before taxes | 9903 | €19,331 | €110,876 | +€91,545 | +474% |
| Income taxes | 67/77 | €4,045 | €23,066 | +€19,022 | +470% |
| Profit (loss) for the period | 9904 | €15,286 | €87,810 | +€72,523 | +474% |
| Profit (loss) for the period to be appropriated | 9905 | €15,286 | €87,810 | +€72,523 | +474% |
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 30 October 2026 via checked.be.