ELABORATE: 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.
ELABORATE
Largest movements
- Cash +€9,909
up €9,909 (+299.4%), from €3,309 to €13,218
mainly Net result for the year (+€10,106) and Tax, wage and social debts (+€2,056)
- Tangible fixed assets +€2,872
up €2,872 (+133.3%), from €2,155 to €5,027
- Profit (loss) carried forward +€10,106
up €10,106 (+69.8%), from -€14,479 to -€4,373
- Tax, wage and social debts +€2,056
up €2,056 (+318.6%), from €645 to €2,701
- Trade debts +€1,250
up €1,250 (+1043.5%), from €120 to €1,370
- Accrued charges and deferred income -€655
no longer reported in 2026 (was €655)
- Gross operating margin +€8,162
up €8,162 (+125.2%), from €6,521 to €14,683
- Taxes +€2,101
up €2,101 (+332.7%), from €632 to €2,733
- Depreciation +€629
up €629 (+133.1%), from €473 to €1,102
- Other operating charges -€179
down €179 (-30.9%), from €578 to €400
- Financial charges +€156
up €156 (+83.4%), from €187 to €344
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 | €5,946 | €18,699 | +€12,753 | +214.5% |
| Fixed assets | 21/28 | €2,155 | €5,027 | +€2,872 | +133.3% |
| Tangible fixed assets | 22/27 | €2,155 | €5,027 | +€2,872 | +133.3% |
| Furniture and vehicles | 24 | €2,155 | €5,027 | +€2,872 | +133.3% |
| Current assets | 29/58 | €3,791 | €13,672 | +€9,881 | +260.6% |
| Amounts receivable within one year | 40/41 | €482 | €453 | -€29 | -5.9% |
| Trade receivables | 40 | €482 | €368 | -€114 | -23.6% |
| Other amounts receivable | 41 | - | €85 | +€85 | |
| Cash at bank and in hand | 54/58 | €3,309 | €13,218 | +€9,909 | +299.4% |
| Total equity and liabilities | 10/49 | €5,946 | €18,699 | +€12,753 | +214.5% |
| Equity | 10/15 | €4,521 | €14,627 | +€10,106 | +223.5% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,479 | -€4,373 | +€10,106 | +69.8% |
| Amounts payable | 17/49 | €1,425 | €4,071 | +€2,647 | +185.8% |
| Amounts payable within one year | 42/48 | €770 | €4,071 | +€3,302 | +428.9% |
| Trade debts | 44 | €120 | €1,370 | +€1,250 | +1043.5% |
| Suppliers | 440/4 | €120 | €1,370 | +€1,250 | +1043.5% |
| Taxes, remuneration and social security | 45 | €645 | €2,701 | +€2,056 | +318.6% |
| Taxes | 450/3 | €645 | €2,701 | +€2,056 | +318.6% |
| Other amounts payable | 47/48 | €5 | - | -€5 | |
| Accrued charges and deferred income | 492/3 | €655 | - | -€655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €473 | €1,102 | +€629 | +133.1% |
| Other operating charges | 640/8 | €578 | €400 | -€179 | -30.9% |
| Gross operating margin | 9900 | €6,521 | €14,683 | +€8,162 | +125.2% |
| Operating profit (loss) | 9901 | €5,470 | €13,182 | +€7,712 | +141.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -67.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -67.0% |
| Financial charges | 65/66B | €187 | €344 | +€156 | +83.4% |
| Recurring financial charges | 65 | €187 | €344 | +€156 | +83.4% |
| Profit (loss) for the period before taxes | 9903 | €5,284 | €12,839 | +€7,555 | +143.0% |
| Income taxes | 67/77 | €632 | €2,733 | +€2,101 | +332.7% |
| Profit (loss) for the period | 9904 | €4,652 | €10,106 | +€5,454 | +117.2% |
| Profit (loss) for the period to be appropriated | 9905 | €4,652 | €10,106 | +€5,454 | +117.2% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.