ENTRYPOINT: 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.
ENTRYPOINT
Largest movements
- Cash +€114,292
up €114,292 (+86.2%), from €132,572 to €246,864
mainly Net result for the year (+€72,597) and Receivables within one year (+€43,413)
- Receivables within one year -€43,413
down €43,413 (-18.9%), from €229,460 to €186,047
of which Trade receivables: -€25,600
- Receivables after one year -€17,551
down €17,551 (-100.0%), from €17,551 to €0
- Tangible fixed assets -€11,292
down €11,292 (-22.0%), from €51,213 to €39,921
of which Furniture and vehicles: -€13,424
- Trade debts +€23,873
up €23,873 (+21.2%), from €112,796 to €136,669
- Tax, wage and social debts +€17,559
up €17,559 (+67.0%), from €26,203 to €43,762
of which Taxes: +€24,662
- Debts after one year -€5,825
down €5,825 (-49.0%), from €11,890 to €6,065
- Gross operating margin +€26,776
up €26,776 (+10.3%), from €261,068 to €287,844
- Taxes +€21,138
up €21,138 (+289.9%), from €7,292 to €28,430
- Staff costs +€14,588
up €14,588 (+10.2%), from €142,409 to €156,997
- Other operating charges +€5,399
up €5,399 (+382.9%), from €1,410 to €6,809
- Depreciation -€3,833
down €3,833 (-15.4%), from €24,823 to €20,991
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 | €457,577 | €497,868 | +€40,291 | +8.8% |
| Fixed assets | 21/28 | €55,317 | €40,921 | -€14,396 | -26.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €51,213 | €39,921 | -€11,292 | -22.0% |
| Plant, machinery and equipment | 23 | €21,571 | €23,704 | +€2,133 | +9.9% |
| Furniture and vehicles | 24 | €29,642 | €16,217 | -€13,424 | -45.3% |
| Financial fixed assets | 28 | €4,104 | €1,000 | -€3,104 | -75.6% |
| Current assets | 29/58 | €402,261 | €456,947 | +€54,686 | +13.6% |
| Amounts receivable after more than one year | 29 | €17,551 | €0 | -€17,551 | -100.0% |
| Other amounts receivable | 291 | €17,551 | €0 | -€17,551 | -100.0% |
| Stocks and contracts in progress | 3 | €10,066 | €11,585 | +€1,519 | +15.1% |
| Stocks | 30/36 | €10,066 | €11,585 | +€1,519 | +15.1% |
| Amounts receivable within one year | 40/41 | €229,460 | €186,047 | -€43,413 | -18.9% |
| Trade receivables | 40 | €203,273 | €177,672 | -€25,600 | -12.6% |
| Other amounts receivable | 41 | €26,187 | €8,375 | -€17,812 | -68.0% |
| Cash at bank and in hand | 54/58 | €132,572 | €246,864 | +€114,292 | +86.2% |
| Deferred charges and accrued income | 490/1 | €12,612 | €12,451 | -€161 | -1.3% |
| Total equity and liabilities | 10/49 | €457,577 | €497,868 | +€40,291 | +8.8% |
| Equity | 10/15 | €222,915 | €225,512 | +€2,597 | +1.2% |
| Contributions | 10/11 | €19,600 | €19,600 | = | 0.0% |
| Reserves | 13 | €202,978 | €205,912 | +€2,934 | +1.4% |
| Distributable reserves | 133 | €202,978 | €205,912 | +€2,934 | +1.4% |
| Profit (loss) carried forward | 14 | €337 | €0 | -€337 | -100.0% |
| Amounts payable | 17/49 | €234,663 | €272,356 | +€37,693 | +16.1% |
| Amounts payable after more than one year | 17 | €11,890 | €6,065 | -€5,825 | -49.0% |
| Financial debts | 170/4 | €11,890 | €6,065 | -€5,825 | -49.0% |
| Amounts payable within one year | 42/48 | €222,726 | €266,291 | +€43,565 | +19.6% |
| Current portion of amounts payable after more than one year | 42 | €8,669 | €5,825 | -€2,843 | -32.8% |
| Financial debts | 43 | €5,058 | €10,035 | +€4,976 | +98.4% |
| Credit institutions | 430/8 | €5,058 | €10,035 | +€4,976 | +98.4% |
| Trade debts | 44 | €112,796 | €136,669 | +€23,873 | +21.2% |
| Suppliers | 440/4 | €112,796 | €136,669 | +€23,873 | +21.2% |
| Taxes, remuneration and social security | 45 | €26,203 | €43,762 | +€17,559 | +67.0% |
| Taxes | 450/3 | €404 | €25,066 | +€24,662 | +6101.5% |
| Remuneration and social security | 454/9 | €25,799 | €18,696 | -€7,103 | -27.5% |
| Other amounts payable | 47/48 | €70,000 | €70,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €46 | €0 | -€46 | -100.0% |
| Remuneration, social security and pensions | 62 | €142,409 | €156,997 | +€14,588 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,823 | €20,991 | -€3,833 | -15.4% |
| Other operating charges | 640/8 | €1,410 | €6,809 | +€5,399 | +382.9% |
| Non-recurring operating charges | 66A | €2,632 | €0 | -€2,632 | -100.0% |
| Gross operating margin | 9900 | €261,068 | €287,844 | +€26,776 | +10.3% |
| Operating profit (loss) | 9901 | €89,794 | €103,048 | +€13,254 | +14.8% |
| Financial income | 75/76B | €1,087 | €414 | -€673 | -61.9% |
| Recurring financial income | 75 | €1,087 | €414 | -€673 | -61.9% |
| Financial charges | 65/66B | €2,671 | €2,434 | -€237 | -8.9% |
| Recurring financial charges | 65 | €2,671 | €2,434 | -€237 | -8.9% |
| Profit (loss) for the period before taxes | 9903 | €88,211 | €101,028 | +€12,817 | +14.5% |
| Income taxes | 67/77 | €7,292 | €28,430 | +€21,138 | +289.9% |
| Profit (loss) for the period | 9904 | €80,919 | €72,597 | -€8,321 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,919 | €72,597 | -€8,321 | -10.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.