EURO LIDER: 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.
EURO LIDER
Largest movements
- Receivables within one year +€75,190
up €75,190 (+99.7%), from €75,423 to €150,613
- Stocks and contracts -€20,000
down €20,000 (-8.5%), from €235,000 to €215,000
- Cash +€6,451
up €6,451 (+453%), from €1,423 to €7,874
mainly Net result for the year (+€48,605) and Trade debts (+€38,502)
- Profit (loss) carried forward +€48,605
up €48,605 (+2,801%), from €1,735 to €50,340
- Advances received -€38,720
no longer reported in 2026 (was €38,720)
- Trade debts +€38,502
up €38,502 (+70.1%), from €54,943 to €93,445
- Tax, wage and social debts +€30,546
up €30,546 (+261%), from €11,702 to €42,249
of which Taxes: +€29,142
- Debts after one year -€15,176
down €15,176 (-56.1%), from €27,066 to €11,890
- Write-downs -€58,264
no longer reported in 2026 (was €58,264)
- Taxes +€16,683
up €16,683 (+1,264%), from €1,320 to €18,004
- Staff costs -€5,608
down €5,608 (-18.0%), from €31,177 to €25,569
- Gross operating margin -€3,682
down €3,682 (-3.4%), from €108,203 to €104,521
- Financial charges +€2,571
up €2,571 (+122%), from €2,099 to €4,669
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 | €331,197 | €390,110 | +€58,912 | +17.8% |
| Fixed assets | 21/28 | €17,355 | €13,700 | -€3,655 | -21.1% |
| Tangible fixed assets | 22/27 | €17,355 | €13,700 | -€3,655 | -21.1% |
| Plant, machinery and equipment | 23 | €570 | €275 | -€295 | -51.8% |
| Furniture and vehicles | 24 | €5,319 | €4,430 | -€889 | -16.7% |
| Other tangible fixed assets | 26 | €11,467 | €8,996 | -€2,471 | -21.5% |
| Current assets | 29/58 | €313,842 | €376,409 | +€62,567 | +19.9% |
| Stocks and contracts in progress | 3 | €235,000 | €215,000 | -€20,000 | -8.5% |
| Stocks | 30/36 | €235,000 | €215,000 | -€20,000 | -8.5% |
| Amounts receivable within one year | 40/41 | €75,423 | €150,613 | +€75,190 | +99.7% |
| Trade receivables | 40 | €75,423 | €150,613 | +€75,190 | +99.7% |
| Cash at bank and in hand | 54/58 | €1,423 | €7,874 | +€6,451 | +453% |
| Deferred charges and accrued income | 490/1 | €1,996 | €2,922 | +€926 | +46.4% |
| Total equity and liabilities | 10/49 | €331,197 | €390,110 | +€58,912 | +17.8% |
| Equity | 10/15 | €101,735 | €150,340 | +€48,605 | +47.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,735 | €50,340 | +€48,605 | +2,801% |
| Amounts payable | 17/49 | €229,462 | €239,770 | +€10,308 | +4.5% |
| Amounts payable after more than one year | 17 | €27,066 | €11,890 | -€15,176 | -56.1% |
| Financial debts | 170/4 | €27,066 | €11,890 | -€15,176 | -56.1% |
| Amounts payable within one year | 42/48 | €202,396 | €227,880 | +€25,484 | +12.6% |
| Financial debts | 43 | €14,805 | €15,176 | +€371 | +2.5% |
| Credit institutions | 430/8 | €14,805 | €15,176 | +€371 | +2.5% |
| Trade debts | 44 | €54,943 | €93,445 | +€38,502 | +70.1% |
| Suppliers | 440/4 | €54,943 | €93,445 | +€38,502 | +70.1% |
| Advances received on contracts in progress | 46 | €38,720 | - | -€38,720 | |
| Taxes, remuneration and social security | 45 | €11,702 | €42,249 | +€30,546 | +261% |
| Taxes | 450/3 | €6,825 | €35,967 | +€29,142 | +427% |
| Remuneration and social security | 454/9 | €4,877 | €6,281 | +€1,404 | +28.8% |
| Other amounts payable | 47/48 | €82,226 | €77,010 | -€5,216 | -6.3% |
| Remuneration, social security and pensions | 62 | €31,177 | €25,569 | -€5,608 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,017 | €6,125 | +€2,108 | +52.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €58,264 | - | -€58,264 | |
| Other operating charges | 640/8 | €3,789 | €1,602 | -€2,187 | -57.7% |
| Gross operating margin | 9900 | €108,203 | €104,521 | -€3,682 | -3.4% |
| Operating profit (loss) | 9901 | €10,955 | €71,225 | +€60,270 | +550% |
| Financial income | 75/76B | €6 | €52 | +€46 | +763% |
| Recurring financial income | 75 | €6 | €52 | +€46 | +763% |
| Financial charges | 65/66B | €2,099 | €4,669 | +€2,571 | +122% |
| Recurring financial charges | 65 | €2,099 | €4,669 | +€2,571 | +122% |
| Profit (loss) for the period before taxes | 9903 | €8,863 | €66,609 | +€57,746 | +652% |
| Income taxes | 67/77 | €1,320 | €18,004 | +€16,683 | +1,264% |
| Profit (loss) for the period | 9904 | €7,543 | €48,605 | +€41,062 | +544% |
| Profit (loss) for the period to be appropriated | 9905 | €7,543 | €48,605 | +€41,062 | +544% |
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 1 November 2026 via checked.be.