e.u.INVEST: what changed
e.u.INVEST
Largest movements
- Receivables within one year +€109,332
up €109,332 (+23.1%), from €472,570 to €581,902
of which Other amounts receivable: +€110,179
- Cash -€77,072
no longer reported in 2026 (was €77,072)
mainly Receivables within one year (-€109,332) and Trade debts (-€64,429)
- Stocks and contracts +€12,100
up €12,100 (+22.4%), from €54,103 to €66,203
- Trade debts -€64,429
down €64,429 (-61.4%), from €104,849 to €40,421
of which Suppliers: -€64,820
- Other debts +€54,211
up €54,211 (+19.2%), from €282,133 to €336,343
- Reserves +€33,191
up €33,191 (+62.6%), from €52,985 to €86,176
- Tax, wage and social debts +€27,267
up €27,267 (+164%), from €16,615 to €43,882
of which Taxes: +€26,110
- Debts after one year -€7,630
down €7,630 (-5.8%), from €132,271 to €124,641
- Gross operating margin +€64,698
up €64,698 (+76.2%), from €84,905 to €149,604
- Taxes +€26,126
up €26,126 (+495%), from €5,282 to €31,408
- Financial charges +€5,203
up €5,203 (+23.8%), from €21,875 to €27,078
- Staff costs +€4,837
up €4,837 (+8,383%), from €58 to €4,894
- Other operating charges -€4,019
down €4,019 (-79.2%), from €5,076 to €1,057
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,352 | €649,817 | +€45,465 | +7.5% |
| Fixed assets | 21/28 | €0 | - | = | |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Current assets | 29/58 | €604,352 | €649,817 | +€45,465 | +7.5% |
| Stocks and contracts in progress | 3 | €54,103 | €66,203 | +€12,100 | +22.4% |
| Stocks | 30/36 | €54,103 | €66,203 | +€12,100 | +22.4% |
| Amounts receivable within one year | 40/41 | €472,570 | €581,902 | +€109,332 | +23.1% |
| Trade receivables | 40 | €846 | - | -€846 | |
| Other amounts receivable | 41 | €471,723 | €581,902 | +€110,179 | +23.4% |
| Cash at bank and in hand | 54/58 | €77,072 | - | -€77,072 | |
| Deferred charges and accrued income | 490/1 | €607 | €1,711 | +€1,104 | +182% |
| Total equity and liabilities | 10/49 | €604,352 | €649,817 | +€45,465 | +7.5% |
| Equity | 10/15 | €61,045 | €94,236 | +€33,191 | +54.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €52,985 | €86,176 | +€33,191 | +62.6% |
| Distributable reserves | 133 | €52,985 | €86,176 | +€33,191 | +62.6% |
| Amounts payable | 17/49 | €543,307 | €555,580 | +€12,274 | +2.3% |
| Amounts payable after more than one year | 17 | €132,271 | €124,641 | -€7,630 | -5.8% |
| Financial debts | 170/4 | €132,271 | €124,641 | -€7,630 | -5.8% |
| Amounts payable within one year | 42/48 | €411,036 | €430,939 | +€19,903 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €7,439 | €7,623 | +€184 | +2.5% |
| Financial debts | 43 | - | €2,671 | +€2,671 | |
| Credit institutions | 430/8 | - | €2,671 | +€2,671 | |
| Trade debts | 44 | €104,849 | €40,421 | -€64,429 | -61.4% |
| Suppliers | 440/4 | €104,849 | €40,030 | -€64,820 | -61.8% |
| Bills of exchange payable | 441 | - | €391 | +€391 | |
| Taxes, remuneration and social security | 45 | €16,615 | €43,882 | +€27,267 | +164% |
| Taxes | 450/3 | €16,615 | €42,725 | +€26,110 | +157% |
| Remuneration and social security | 454/9 | - | €1,157 | +€1,157 | |
| Other amounts payable | 47/48 | €282,133 | €336,343 | +€54,211 | +19.2% |
| Remuneration, social security and pensions | 62 | €58 | €4,894 | +€4,837 | +8,383% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €5,076 | €1,057 | -€4,019 | -79.2% |
| Gross operating margin | 9900 | €84,905 | €149,604 | +€64,698 | +76.2% |
| Operating profit (loss) | 9901 | €79,772 | €143,653 | +€63,881 | +80.1% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €21,875 | €27,078 | +€5,203 | +23.8% |
| Recurring financial charges | 65 | €21,875 | €27,078 | +€5,203 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €57,896 | €116,599 | +€58,703 | +101% |
| Income taxes | 67/77 | €5,282 | €31,408 | +€26,126 | +495% |
| Profit (loss) for the period | 9904 | €52,615 | €85,191 | +€32,576 | +61.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,615 | €85,191 | +€32,576 | +61.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.