Dr. Hans Rigauts: 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.
Dr. Hans Rigauts
Largest movements
- Cash +€256,839
up €256,839 (+59.4%), from €432,086 to €688,925
mainly Net result for the year (+€263,372) and Investment in fixed assets (net) (+€39,124)
- Tangible fixed assets -€39,124
down €39,124 (-100%), from €39,124 to €0
- Reserves +€263,372
up €263,372 (+29.7%), from €885,599 to €1.1m
- Other debts -€37,796
down €37,796 (-81.6%), from €46,337 to €8,541
- Gross operating margin +€28,096
up €28,096 (+8.2%), from €341,597 to €369,693
- Financial income +€21,877
up €21,877 (+647%), from €3,379 to €25,256
- Other operating charges +€17,569
up €17,569 (+2,738%), from €642 to €18,210
- Depreciation -€11,419
down €11,419 (-100%), from €11,419 to €0
- Taxes +€5,826
up €5,826 (+5.6%), from €104,027 to €109,853
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 | €962,808 | €1,186,321 | +€223,513 | +23.2% |
| Fixed assets | 21/28 | €39,124 | €0 | -€39,124 | -100% |
| Tangible fixed assets | 22/27 | €39,124 | €0 | -€39,124 | -100% |
| Furniture and vehicles | 24 | €39,124 | €0 | -€39,124 | -100% |
| Current assets | 29/58 | €923,684 | €1,186,321 | +€262,637 | +28.4% |
| Amounts receivable within one year | 40/41 | €8,263 | €14,061 | +€5,798 | +70.2% |
| Other amounts receivable | 41 | €8,263 | €14,061 | +€5,798 | +70.2% |
| Current investments | 50/53 | €483,335 | €483,335 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €432,086 | €688,925 | +€256,839 | +59.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €962,808 | €1,186,321 | +€223,513 | +23.2% |
| Equity | 10/15 | €885,600 | €1,148,972 | +€263,372 | +29.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €885,599 | €1,148,971 | +€263,372 | +29.7% |
| Distributable reserves | 133 | €885,599 | €1,148,971 | +€263,372 | +29.7% |
| Amounts payable | 17/49 | €77,208 | €37,349 | -€39,859 | -51.6% |
| Amounts payable within one year | 42/48 | €74,498 | €34,878 | -€39,620 | -53.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €28,161 | €26,337 | -€1,824 | -6.5% |
| Taxes | 450/3 | €23,013 | €26,337 | +€3,324 | +14.4% |
| Remuneration and social security | 454/9 | €5,148 | €0 | -€5,148 | -100% |
| Other amounts payable | 47/48 | €46,337 | €8,541 | -€37,796 | -81.6% |
| Accrued charges and deferred income | 492/3 | €2,710 | €2,471 | -€239 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,419 | €0 | -€11,419 | -100% |
| Other operating charges | 640/8 | €642 | €18,210 | +€17,569 | +2,738% |
| Gross operating margin | 9900 | €341,597 | €369,693 | +€28,096 | +8.2% |
| Operating profit (loss) | 9901 | €329,537 | €351,483 | +€21,946 | +6.7% |
| Financial income | 75/76B | €3,379 | €25,256 | +€21,877 | +647% |
| Recurring financial income | 75 | €3,379 | €25,256 | +€21,877 | +647% |
| Financial charges | 65/66B | €3,765 | €3,514 | -€251 | -6.7% |
| Recurring financial charges | 65 | €3,765 | €3,514 | -€251 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €329,151 | €373,225 | +€44,074 | +13.4% |
| Income taxes | 67/77 | €104,027 | €109,853 | +€5,826 | +5.6% |
| Profit (loss) for the period | 9904 | €225,124 | €263,372 | +€38,248 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €225,124 | €263,372 | +€38,248 | +17.0% |
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 29 October 2026 via checked.be.