E & R: what changed
Two fiscal 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.
E & R
Largest movements
- Cash +€4,137
up €4,137 (+124.0%), from €3,337 to €7,473
mainly Net result for the year (+€2,290) and Debts after one year (+€1,402)
- Tangible fixed assets -€1,149
down €1,149 (-45.3%), from €2,535 to €1,386
of which Furniture and vehicles: -€740
- Stocks and contracts +€704
up €704 (+3.8%), from €18,703 to €19,407
- Receivables within one year +€412
new in 2026: €412
- Profit (loss) carried forward +€2,290
up €2,290 (+81.8%), from -€2,801 to -€510
- Debts after one year +€1,402
new in 2026: €1,402
- Other debts -€1,279
down €1,279 (-45.5%), from €2,813 to €1,534
- Trade debts +€1,167
up €1,167 (+63.9%), from €1,827 to €2,994
- Tax, wage and social debts +€784
up €784 (+72.6%), from €1,081 to €1,866
- Gross operating margin -€6,867
down €6,867 (-60.3%), from €11,379 to €4,512
- Financial charges -€658
down €658 (-82.4%), from €799 to €140
- Taxes +€289
new in 2026: €289
- Depreciation +€201
up €201 (+21.2%), from €948 to €1,149
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.
Cash bridge derived
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 | €24,575 | €28,678 | +€4,103 | +16.7% |
| Fixed assets | 21/28 | €2,535 | €1,386 | -€1,149 | -45.3% |
| Tangible fixed assets | 22/27 | €2,535 | €1,386 | -€1,149 | -45.3% |
| Plant, machinery and equipment | 23 | €1,039 | €630 | -€409 | -39.4% |
| Furniture and vehicles | 24 | €1,496 | €757 | -€740 | -49.4% |
| Current assets | 29/58 | €22,040 | €27,291 | +€5,252 | +23.8% |
| Stocks and contracts in progress | 3 | €18,703 | €19,407 | +€704 | +3.8% |
| Stocks | 30/36 | €18,703 | €19,407 | +€704 | +3.8% |
| Amounts receivable within one year | 40/41 | - | €412 | +€412 | |
| Trade receivables | 40 | - | €412 | +€412 | |
| Cash at bank and in hand | 54/58 | €3,337 | €7,473 | +€4,137 | +124.0% |
| Total equity and liabilities | 10/49 | €24,575 | €28,678 | +€4,103 | +16.7% |
| Equity | 10/15 | €16,755 | €19,046 | +€2,290 | +13.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €964 | €964 | = | 0.0% |
| Non-distributable reserves | 130/1 | €964 | €964 | = | 0.0% |
| Reserves not available under the articles | 1311 | €964 | €964 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,801 | -€510 | +€2,290 | +81.8% |
| Amounts payable | 17/49 | €7,819 | €9,632 | +€1,813 | +23.2% |
| Amounts payable after more than one year | 17 | - | €1,402 | +€1,402 | |
| Financial debts | 170/4 | - | €1,402 | +€1,402 | |
| Amounts payable within one year | 42/48 | €7,819 | €8,230 | +€411 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €2,098 | €1,836 | -€262 | -12.5% |
| Trade debts | 44 | €1,827 | €2,994 | +€1,167 | +63.9% |
| Suppliers | 440/4 | €1,827 | €2,994 | +€1,167 | +63.9% |
| Taxes, remuneration and social security | 45 | €1,081 | €1,866 | +€784 | +72.6% |
| Taxes | 450/3 | €1,081 | €1,866 | +€784 | +72.6% |
| Other amounts payable | 47/48 | €2,813 | €1,534 | -€1,279 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €948 | €1,149 | +€201 | +21.2% |
| Other operating charges | 640/8 | €603 | €643 | +€40 | +6.7% |
| Gross operating margin | 9900 | €11,379 | €4,512 | -€6,867 | -60.3% |
| Operating profit (loss) | 9901 | €9,828 | €2,720 | -€7,108 | -72.3% |
| Financial income | 75/76B | €109 | €0 | -€109 | -99.9% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -99.9% |
| Financial charges | 65/66B | €799 | €140 | -€658 | -82.4% |
| Recurring financial charges | 65 | €799 | €140 | -€658 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €9,139 | €2,580 | -€6,559 | -71.8% |
| Income taxes | 67/77 | - | €289 | +€289 | |
| Profit (loss) for the period | 9904 | €9,139 | €2,290 | -€6,848 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,139 | €2,290 | -€6,848 | -74.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.