Entrepreneurs & Partners: 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.
Entrepreneurs & Partners
Largest movements
- Financial fixed assets +€8.5m
up €8.5m (+22.3%), from €38.2m to €46.7m
- Contributions +€4.6m
up €4.6m (+12.9%), from €35.5m to €40.0m
- Revaluation surpluses +€2.1m
up €2.1m (+32.8%), from €6.4m to €8.5m
- Profit (loss) carried forward +€1.8m
up €1.8m (+52.6%), from -€3.5m to -€1.6m
- Financial charges -€2.9m
down €2.9m (-97.5%), from €2.9m to €73,185
of which Financial charges: -€2.9m
- Financial income +€2.7m
new in 2026: €2.7m
of which Non-recurring financial income: +€2.7m
- Gross operating margin -€271,381
down €271,381 (-53.1%), from -€511,460 to -€782,841
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 | €38,532,927 | €46,965,387 | +€8.4m | +21.9% |
| Fixed assets | 21/28 | €38,170,969 | €46,679,704 | +€8.5m | +22.3% |
| Financial fixed assets | 28 | €38,170,969 | €46,679,704 | +€8.5m | +22.3% |
| Current assets | 29/58 | €361,957 | €285,683 | -€76,274 | -21.1% |
| Cash at bank and in hand | 54/58 | €361,957 | €275,524 | -€86,433 | -23.9% |
| Deferred charges and accrued income | 490/1 | - | €10,160 | +€10,160 | |
| Total equity and liabilities | 10/49 | €38,532,927 | €46,965,387 | +€8.4m | +21.9% |
| Equity | 10/15 | €38,427,838 | €46,928,123 | +€8.5m | +22.1% |
| Contributions | 10/11 | €35,457,782 | €40,031,908 | +€4.6m | +12.9% |
| Revaluation surpluses | 12 | €6,429,425 | €8,536,844 | +€2.1m | +32.8% |
| Profit (loss) carried forward | 14 | -€3,459,369 | -€1,640,630 | +€1.8m | +52.6% |
| Amounts payable | 17/49 | €105,088 | €37,264 | -€67,824 | -64.5% |
| Amounts payable within one year | 42/48 | €105,082 | €37,264 | -€67,817 | -64.5% |
| Trade debts | 44 | €105,082 | €36,120 | -€68,962 | -65.6% |
| Suppliers | 440/4 | €105,082 | €36,120 | -€68,962 | -65.6% |
| Taxes, remuneration and social security | 45 | - | €1,144 | +€1,144 | |
| Taxes | 450/3 | - | €1,144 | +€1,144 | |
| Accrued charges and deferred income | 492/3 | €6 | - | -€6 | |
| Gross operating margin | 9900 | -€511,460 | -€782,841 | -€271,381 | -53.1% |
| Operating profit (loss) | 9901 | -€511,460 | -€782,841 | -€271,381 | -53.1% |
| Financial income | 75/76B | - | €2,676,005 | +€2.7m | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Non-recurring financial income | 76B | - | €2,675,980 | +€2.7m | |
| Financial charges | 65/66B | €2,947,909 | €73,185 | -€2.9m | -97.5% |
| Recurring financial charges | 65 | €2,947,909 | €835 | -€2.9m | -100.0% |
| Non-recurring financial charges | 66B | €2,947,909 | €72,350 | -€2.9m | -97.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,459,369 | €1,819,979 | +€5.3m | |
| Income taxes | 67/77 | - | €1,240 | +€1,240 | |
| Profit (loss) for the period | 9904 | -€3,459,369 | €1,818,739 | +€5.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,459,369 | €1,818,739 | +€5.3m |
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 25 October 2026 via checked.be.