ERADICATION: 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.
ERADICATION
Largest movements
- Financial fixed assets +€165,085
up €165,085 (+3940.0%), from €4,190 to €169,275
- Cash +€33,182
up €33,182 (+158.7%), from €20,903 to €54,085
mainly Debts after one year (+€84,780) and Depreciation (+€70,180)
- Stocks and contracts +€26,975
up €26,975 (+109.0%), from €24,754 to €51,729
- Receivables within one year +€14,025
up €14,025 (+10.8%), from €129,695 to €143,720
of which Trade receivables: +€16,308
- Intangible fixed assets +€7,479
up €7,479 (+4.1%), from €184,553 to €192,031
- Debts after one year +€84,780
up €84,780 (+61.8%), from €137,103 to €221,883
- Current portion of long-term debt +€65,461
up €65,461 (+171.7%), from €38,129 to €103,590
- Trade debts +€61,954
up €61,954 (+75.9%), from €81,596 to €143,550
- Reserves +€26,760
up €26,760 (+3452.9%), from €775 to €27,535
- Tax, wage and social debts +€15,782
up €15,782 (+126.9%), from €12,439 to €28,221
of which Remuneration and social security: +€20,288
- Gross operating margin +€132,965
up €132,965 (+42.4%), from €313,940 to €446,905
- Staff costs +€100,585
up €100,585 (+47.8%), from €210,426 to €311,011
- Taxes +€19,135
up €19,135, from -€2,641 to €16,495
- Write-downs -€12,042
down €12,042 (-99.2%), from €12,138 to €97
- Other operating charges +€8,817
up €8,817 (+367.0%), from €2,402 to €11,219
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 | €431,455 | €686,467 | +€255,012 | +59.1% |
| Fixed assets | 21/28 | €249,290 | €426,068 | +€176,779 | +70.9% |
| Intangible fixed assets | 21 | €184,553 | €192,031 | +€7,479 | +4.1% |
| Tangible fixed assets | 22/27 | €60,547 | €64,763 | +€4,216 | +7.0% |
| Plant, machinery and equipment | 23 | €9,141 | €8,265 | -€877 | -9.6% |
| Furniture and vehicles | 24 | €51,406 | €56,498 | +€5,092 | +9.9% |
| Financial fixed assets | 28 | €4,190 | €169,275 | +€165,085 | +3940.0% |
| Current assets | 29/58 | €182,165 | €260,399 | +€78,233 | +42.9% |
| Stocks and contracts in progress | 3 | €24,754 | €51,729 | +€26,975 | +109.0% |
| Stocks | 30/36 | €24,754 | €51,729 | +€26,975 | +109.0% |
| Amounts receivable within one year | 40/41 | €129,695 | €143,720 | +€14,025 | +10.8% |
| Trade receivables | 40 | €122,725 | €139,032 | +€16,308 | +13.3% |
| Other amounts receivable | 41 | €6,971 | €4,688 | -€2,283 | -32.7% |
| Cash at bank and in hand | 54/58 | €20,903 | €54,085 | +€33,182 | +158.7% |
| Deferred charges and accrued income | 490/1 | €6,813 | €10,864 | +€4,051 | +59.5% |
| Total equity and liabilities | 10/49 | €431,455 | €686,467 | +€255,012 | +59.1% |
| Equity | 10/15 | €161,479 | €188,240 | +€26,760 | +16.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €775 | €27,535 | +€26,760 | +3452.9% |
| Distributable reserves | 133 | €775 | €27,535 | +€26,760 | +3452.9% |
| Profit (loss) carried forward | 14 | €154,504 | €154,504 | = | 0.0% |
| Amounts payable | 17/49 | €269,976 | €498,227 | +€228,252 | +84.5% |
| Amounts payable after more than one year | 17 | €137,103 | €221,883 | +€84,780 | +61.8% |
| Financial debts | 170/4 | €137,103 | €221,883 | +€84,780 | +61.8% |
| Amounts payable within one year | 42/48 | €132,873 | €276,345 | +€143,472 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | €38,129 | €103,590 | +€65,461 | +171.7% |
| Trade debts | 44 | €81,596 | €143,550 | +€61,954 | +75.9% |
| Suppliers | 440/4 | €81,596 | €143,550 | +€61,954 | +75.9% |
| Taxes, remuneration and social security | 45 | €12,439 | €28,221 | +€15,782 | +126.9% |
| Taxes | 450/3 | €5,646 | €1,139 | -€4,506 | -79.8% |
| Remuneration and social security | 454/9 | €6,793 | €27,082 | +€20,288 | +298.7% |
| Other amounts payable | 47/48 | €709 | €984 | +€275 | +38.8% |
| Remuneration, social security and pensions | 62 | €210,426 | €311,011 | +€100,585 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,682 | €70,180 | +€6,498 | +10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,138 | €97 | -€12,042 | -99.2% |
| Other operating charges | 640/8 | €2,402 | €11,219 | +€8,817 | +367.0% |
| Gross operating margin | 9900 | €313,940 | €446,905 | +€132,965 | +42.4% |
| Operating profit (loss) | 9901 | €25,292 | €54,399 | +€29,107 | +115.1% |
| Financial income | 75/76B | €111 | - | -€111 | |
| Recurring financial income | 75 | €111 | - | -€111 | |
| Financial charges | 65/66B | €11,855 | €11,144 | -€711 | -6.0% |
| Recurring financial charges | 65 | €11,855 | €11,144 | -€711 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €13,548 | €43,255 | +€29,707 | +219.3% |
| Income taxes | 67/77 | -€2,641 | €16,495 | +€19,135 | |
| Profit (loss) for the period | 9904 | €16,189 | €26,760 | +€10,571 | +65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,189 | €26,760 | +€10,571 | +65.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.