DIRECT RESULTS: 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.
DIRECT RESULTS
Largest movements
- Cash -€4,305
down €4,305 (-8.5%), from €50,891 to €46,586
mainly Net result for the year (-€3,356) and Tax, wage and social debts (-€1,650)
- Receivables within one year -€1,149
down €1,149 (-23.2%), from €4,961 to €3,812
of which Trade receivables: -€1,440
- Profit (loss) carried forward -€3,356
down €3,356 (-10.0%), from €33,722 to €30,366
- Tax, wage and social debts -€1,650
down €1,650 (-13.5%), from €12,263 to €10,613
of which Taxes: -€1,712
- Trade debts -€1,268
down €1,268 (-67.7%), from €1,874 to €606
- Gross operating margin +€3,185
up €3,185 (+6.1%), from €52,341 to €55,526
- Staff costs +€1,231
up €1,231 (+2.2%), from €55,715 to €56,947
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 | €56,438 | €50,558 | -€5,880 | -10.4% |
| Fixed assets | 21/28 | €160 | €160 | = | 0.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €56,278 | €50,398 | -€5,880 | -10.4% |
| Amounts receivable within one year | 40/41 | €4,961 | €3,812 | -€1,149 | -23.2% |
| Trade receivables | 40 | €4,961 | €3,521 | -€1,440 | -29.0% |
| Other amounts receivable | 41 | - | €291 | +€291 | |
| Cash at bank and in hand | 54/58 | €50,891 | €46,586 | -€4,305 | -8.5% |
| Deferred charges and accrued income | 490/1 | €426 | - | -€426 | |
| Total equity and liabilities | 10/49 | €56,438 | €50,558 | -€5,880 | -10.4% |
| Equity | 10/15 | €41,782 | €38,426 | -€3,356 | -8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,722 | €30,366 | -€3,356 | -10.0% |
| Amounts payable | 17/49 | €14,657 | €12,133 | -€2,524 | -17.2% |
| Amounts payable within one year | 42/48 | €14,657 | €12,133 | -€2,524 | -17.2% |
| Trade debts | 44 | €1,874 | €606 | -€1,268 | -67.7% |
| Suppliers | 440/4 | €1,874 | €606 | -€1,268 | -67.7% |
| Taxes, remuneration and social security | 45 | €12,263 | €10,613 | -€1,650 | -13.5% |
| Taxes | 450/3 | €10,133 | €8,421 | -€1,712 | -16.9% |
| Remuneration and social security | 454/9 | €2,130 | €2,192 | +€62 | +2.9% |
| Other amounts payable | 47/48 | €520 | €914 | +€394 | +75.8% |
| Remuneration, social security and pensions | 62 | €55,715 | €56,947 | +€1,231 | +2.2% |
| Other operating charges | 640/8 | €183 | €237 | +€54 | +29.6% |
| Gross operating margin | 9900 | €52,341 | €55,526 | +€3,185 | +6.1% |
| Operating profit (loss) | 9901 | -€3,557 | -€1,658 | +€1,899 | +53.4% |
| Financial income | 75/76B | €5 | €5 | -€0 | -6.9% |
| Recurring financial income | 75 | €5 | €5 | -€0 | -6.9% |
| Financial charges | 65/66B | €1,711 | €1,494 | -€217 | -12.7% |
| Recurring financial charges | 65 | €1,711 | €1,494 | -€217 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,263 | -€3,147 | +€2,116 | +40.2% |
| Income taxes | 67/77 | €218 | €209 | -€9 | -3.9% |
| Profit (loss) for the period | 9904 | -€5,480 | -€3,356 | +€2,124 | +38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,480 | -€3,356 | +€2,124 | +38.8% |
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.