DE BIST: 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.
DE BIST
Largest movements
- Receivables after one year +€95,000
new in 2026: €95,000
- Cash +€7,370
up €7,370 (+14.8%), from €49,684 to €57,054
mainly Net result for the year (+€81,177) and Tax, wage and social debts (+€32,711)
- Stocks and contracts +€6,634
up €6,634 (+16.1%), from €41,116 to €47,750
- Receivables within one year -€5,310
no longer reported in 2026 (was €5,310)
- Tangible fixed assets -€2,821
down €2,821 (-19.1%), from €14,792 to €11,972
of which Land and buildings: -€1,823
- Reserves +€81,100
up €81,100 (+20,275%), from €400 to €81,500
of which Distributable reserves: +€81,100
- Tax, wage and social debts +€32,711
up €32,711 (+225%), from €14,537 to €47,248
of which Taxes: +€33,232
- Debts after one year -€16,828
down €16,828 (-49.1%), from €34,245 to €17,417
- Trade debts +€8,630
up €8,630 (+132%), from €6,543 to €15,172
- Advances received -€6,060
no longer reported in 2026 (was €6,060)
- Turnover -€732,463
no longer reported in 2026 (was €732,463)
- Purchases and services -€679,473
no longer reported in 2026 (was €679,473)
- Gross operating margin +€77,210
up €77,210 (+146%), from €52,993 to €130,203
- Taxes +€34,394
up €34,394 (+551%), from €6,245 to €40,639
- Financial charges -€9,826
down €9,826 (-73.3%), from €13,405 to €3,579
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 | €116,903 | €218,556 | +€101,653 | +87.0% |
| Fixed assets | 21/28 | €20,792 | €18,172 | -€2,621 | -12.6% |
| Tangible fixed assets | 22/27 | €14,792 | €11,972 | -€2,821 | -19.1% |
| Land and buildings | 22 | €11,092 | €9,269 | -€1,823 | -16.4% |
| Plant, machinery and equipment | 23 | €3,106 | €2,488 | -€618 | -19.9% |
| Furniture and vehicles | 24 | €595 | €215 | -€379 | -63.8% |
| Financial fixed assets | 28 | €6,000 | €6,200 | +€200 | +3.3% |
| Current assets | 29/58 | €96,110 | €200,384 | +€104,274 | +108% |
| Amounts receivable after more than one year | 29 | - | €95,000 | +€95,000 | |
| Other amounts receivable | 291 | - | €95,000 | +€95,000 | |
| Stocks and contracts in progress | 3 | €41,116 | €47,750 | +€6,634 | +16.1% |
| Stocks | 30/36 | €41,116 | €47,750 | +€6,634 | +16.1% |
| Amounts receivable within one year | 40/41 | €5,310 | - | -€5,310 | |
| Other amounts receivable | 41 | €5,310 | - | -€5,310 | |
| Cash at bank and in hand | 54/58 | €49,684 | €57,054 | +€7,370 | +14.8% |
| Deferred charges and accrued income | 490/1 | - | €580 | +€580 | |
| Total equity and liabilities | 10/49 | €116,903 | €218,556 | +€101,653 | +87.0% |
| Equity | 10/15 | €39,180 | €120,357 | +€81,177 | +207% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €400 | €81,500 | +€81,100 | +20,275% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Distributable reserves | 133 | - | €81,100 | +€81,100 | |
| Profit (loss) carried forward | 14 | €34,780 | €34,857 | +€77 | +0.2% |
| Amounts payable | 17/49 | €77,723 | €98,199 | +€20,476 | +26.3% |
| Amounts payable after more than one year | 17 | €34,245 | €17,417 | -€16,828 | -49.1% |
| Financial debts | 170/4 | €34,245 | €17,417 | -€16,828 | -49.1% |
| Amounts payable within one year | 42/48 | €43,478 | €80,781 | +€37,303 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €16,338 | €16,828 | +€490 | +3.0% |
| Trade debts | 44 | €6,543 | €15,172 | +€8,630 | +132% |
| Suppliers | 440/4 | €6,543 | €15,172 | +€8,630 | +132% |
| Advances received on contracts in progress | 46 | €6,060 | - | -€6,060 | |
| Taxes, remuneration and social security | 45 | €14,537 | €47,248 | +€32,711 | +225% |
| Taxes | 450/3 | €14,016 | €47,248 | +€33,232 | +237% |
| Remuneration and social security | 454/9 | €521 | - | -€521 | |
| Other amounts payable | 47/48 | - | €1,533 | +€1,533 | |
| Turnover | 70 | €732,463 | - | -€732,463 | |
| Goods, raw materials, services and sundry goods | 60/61 | €679,473 | - | -€679,473 | |
| Remuneration, social security and pensions | 62 | €6,912 | €1,082 | -€5,829 | -84.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,148 | €2,876 | -€273 | -8.7% |
| Other operating charges | 640/8 | €705 | €1,330 | +€625 | +88.6% |
| Gross operating margin | 9900 | €52,993 | €130,203 | +€77,210 | +146% |
| Operating profit (loss) | 9901 | €42,228 | €124,915 | +€82,687 | +196% |
| Financial income | 75/76B | €235 | €480 | +€245 | +104% |
| Recurring financial income | 75 | €235 | €480 | +€245 | +104% |
| Financial charges | 65/66B | €13,405 | €3,579 | -€9,826 | -73.3% |
| Recurring financial charges | 65 | €13,405 | €3,579 | -€9,826 | -73.3% |
| Profit (loss) for the period before taxes | 9903 | €29,058 | €121,816 | +€92,758 | +319% |
| Income taxes | 67/77 | €6,245 | €40,639 | +€34,394 | +551% |
| Profit (loss) for the period | 9904 | €22,814 | €81,177 | +€58,364 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €22,814 | €81,177 | +€58,364 | +256% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.