DOING: 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.
DOING
Largest movements
- Cash +€23,366
up €23,366 (+55.2%), from €42,349 to €65,716
mainly Net result for the year (+€36,121) and Depreciation (+€1,538)
- Tangible fixed assets -€1,424
down €1,424 (-3.7%), from €37,996 to €36,572
of which Land and buildings: -€1,181
- Reserves +€31,121
up €31,121 (+73.3%), from €42,436 to €73,557
- Other debts -€4,878
down €4,878 (-48.3%), from €10,102 to €5,224
- Debts after one year -€4,643
down €4,643 (-46.6%), from €9,963 to €5,320
- Gross operating margin +€13,172
up €13,172 (+38.7%), from €34,063 to €47,235
- Taxes -€882
down €882 (-9.8%), from €8,962 to €8,080
- Depreciation -€737
down €737 (-32.4%), from €2,276 to €1,538
- Other operating charges -€719
down €719 (-42.1%), from €1,707 to €989
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 | €81,868 | €103,748 | +€21,879 | +26.7% |
| Fixed assets | 21/28 | €37,996 | €36,572 | -€1,424 | -3.7% |
| Tangible fixed assets | 22/27 | €37,996 | €36,572 | -€1,424 | -3.7% |
| Land and buildings | 22 | €36,350 | €35,169 | -€1,181 | -3.2% |
| Furniture and vehicles | 24 | €1,646 | €1,403 | -€242 | -14.7% |
| Current assets | 29/58 | €43,872 | €67,175 | +€23,303 | +53.1% |
| Amounts receivable within one year | 40/41 | €486 | - | -€486 | |
| Other amounts receivable | 41 | €486 | - | -€486 | |
| Cash at bank and in hand | 54/58 | €42,349 | €65,716 | +€23,366 | +55.2% |
| Deferred charges and accrued income | 490/1 | €1,037 | €1,460 | +€423 | +40.8% |
| Total equity and liabilities | 10/49 | €81,868 | €103,748 | +€21,879 | +26.7% |
| Equity | 10/15 | €49,036 | €80,157 | +€31,121 | +63.5% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €42,436 | €73,557 | +€31,121 | +73.3% |
| Distributable reserves | 133 | €42,436 | €73,557 | +€31,121 | +73.3% |
| Amounts payable | 17/49 | €32,832 | €23,591 | -€9,242 | -28.1% |
| Amounts payable after more than one year | 17 | €9,963 | €5,320 | -€4,643 | -46.6% |
| Financial debts | 170/4 | €9,963 | €5,320 | -€4,643 | -46.6% |
| Amounts payable within one year | 42/48 | €22,870 | €18,271 | -€4,599 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €4,560 | €4,625 | +€65 | +1.4% |
| Trade debts | 44 | €749 | €660 | -€90 | -12.0% |
| Suppliers | 440/4 | €749 | €660 | -€90 | -12.0% |
| Taxes, remuneration and social security | 45 | €7,458 | €7,762 | +€304 | +4.1% |
| Taxes | 450/3 | €5,421 | €5,716 | +€294 | +5.4% |
| Remuneration and social security | 454/9 | €2,037 | €2,047 | +€10 | +0.5% |
| Other amounts payable | 47/48 | €10,102 | €5,224 | -€4,878 | -48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,276 | €1,538 | -€737 | -32.4% |
| Other operating charges | 640/8 | €1,707 | €989 | -€719 | -42.1% |
| Gross operating margin | 9900 | €34,063 | €47,235 | +€13,172 | +38.7% |
| Operating profit (loss) | 9901 | €30,080 | €44,708 | +€14,629 | +48.6% |
| Financial income | 75/76B | €2 | €1 | -€1 | -59.5% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -59.5% |
| Financial charges | 65/66B | €563 | €508 | -€55 | -9.8% |
| Recurring financial charges | 65 | €563 | €508 | -€55 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €29,518 | €44,201 | +€14,683 | +49.7% |
| Income taxes | 67/77 | €8,962 | €8,080 | -€882 | -9.8% |
| Profit (loss) for the period | 9904 | €20,556 | €36,121 | +€15,565 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,556 | €36,121 | +€15,565 | +75.7% |
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 17 October 2026 via checked.be.