EDIT & C: 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.
EDIT & C
Largest movements
- Tangible fixed assets -€32,705
down €32,705 (-85.9%), from €38,066 to €5,360
of which Plant, machinery and equipment: -€30,698
- Cash +€7,910
up €7,910 (+9.3%), from €84,660 to €92,569
mainly Investment in fixed assets (net) (+€27,652) and Other debts (+€9,966)
- Receivables within one year +€6,824
up €6,824 (+49.2%), from €13,870 to €20,694
of which Other amounts receivable: +€19,771
- Reserves -€25,450
down €25,450 (-60.8%), from €41,850 to €16,400
of which Distributable reserves: -€25,450
- Other debts +€9,966
up €9,966 (+48.7%), from €20,484 to €30,450
- Trade debts -€9,551
down €9,551 (-87.4%), from €10,931 to €1,380
- Tax, wage and social debts +€5,459
up €5,459 (+176%), from €3,100 to €8,559
- Depreciation -€19,991
down €19,991 (-79.8%), from €25,045 to €5,053
- Gross operating margin -€8,768
down €8,768 (-31.6%), from €27,740 to €18,972
- Taxes +€4,307
up €4,307 (+658%), from €654 to €4,961
- Financial charges -€736
down €736 (-80.5%), from €915 to €179
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 | €136,595 | €118,623 | -€17,972 | -13.2% |
| Fixed assets | 21/28 | €38,066 | €5,360 | -€32,705 | -85.9% |
| Tangible fixed assets | 22/27 | €38,066 | €5,360 | -€32,705 | -85.9% |
| Plant, machinery and equipment | 23 | €34,372 | €3,674 | -€30,698 | -89.3% |
| Furniture and vehicles | 24 | €3,694 | €1,686 | -€2,007 | -54.3% |
| Current assets | 29/58 | €98,530 | €113,263 | +€14,733 | +15.0% |
| Amounts receivable within one year | 40/41 | €13,870 | €20,694 | +€6,824 | +49.2% |
| Trade receivables | 40 | €12,947 | - | -€12,947 | |
| Other amounts receivable | 41 | €923 | €20,694 | +€19,771 | +2,142% |
| Cash at bank and in hand | 54/58 | €84,660 | €92,569 | +€7,910 | +9.3% |
| Total equity and liabilities | 10/49 | €136,595 | €118,623 | -€17,972 | -13.2% |
| Equity | 10/15 | €102,080 | €77,604 | -€24,477 | -24.0% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €41,850 | €16,400 | -€25,450 | -60.8% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €39,450 | €14,000 | -€25,450 | -64.5% |
| Profit (loss) carried forward | 14 | €36,231 | €37,204 | +€973 | +2.7% |
| Amounts payable | 17/49 | €34,515 | €41,020 | +€6,505 | +18.8% |
| Amounts payable within one year | 42/48 | €34,515 | €40,389 | +€5,874 | +17.0% |
| Trade debts | 44 | €10,931 | €1,380 | -€9,551 | -87.4% |
| Suppliers | 440/4 | €10,931 | €1,380 | -€9,551 | -87.4% |
| Taxes, remuneration and social security | 45 | €3,100 | €8,559 | +€5,459 | +176% |
| Taxes | 450/3 | €3,100 | €8,559 | +€5,459 | +176% |
| Other amounts payable | 47/48 | €20,484 | €30,450 | +€9,966 | +48.7% |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Non-recurring operating income | 76A | - | €11,556 | +€11,556 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,045 | €5,053 | -€19,991 | -79.8% |
| Other operating charges | 640/8 | €2,957 | €3,050 | +€93 | +3.1% |
| Gross operating margin | 9900 | €27,740 | €18,972 | -€8,768 | -31.6% |
| Operating profit (loss) | 9901 | -€262 | €10,868 | +€11,130 | |
| Financial income | 75/76B | €257 | €245 | -€13 | -4.9% |
| Recurring financial income | 75 | €257 | €245 | -€13 | -4.9% |
| Financial charges | 65/66B | €915 | €179 | -€736 | -80.5% |
| Recurring financial charges | 65 | €915 | €179 | -€736 | -80.5% |
| Profit (loss) for the period before taxes | 9903 | -€920 | €10,934 | +€11,854 | |
| Income taxes | 67/77 | €654 | €4,961 | +€4,307 | +658% |
| Profit (loss) for the period | 9904 | -€1,574 | €5,973 | +€7,547 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,574 | €5,973 | +€7,547 |
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 28 October 2026 via checked.be.