EW.: 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.
EW.
Largest movements
- Cash +€127,381
up €127,381 (+988%), from €12,887 to €140,268
mainly Trade debts (+€34,493) and Receivables within one year (+€29,598)
- Receivables within one year -€29,598
down €29,598 (-74.0%), from €39,974 to €10,376
of which Other amounts receivable: -€28,997
- Deferred charges and accrued income -€13,661
no longer reported in 2026 (was €13,661)
- Trade debts +€34,493
new in 2026: €34,493
- Reserves +€21,530
up €21,530 (+33.1%), from €65,025 to €86,555
- Other debts +€15,000
new in 2026: €15,000
- Tax, wage and social debts +€11,010
up €11,010 (+995%), from €1,106 to €12,116
of which Taxes: +€11,760
- Accrued charges and deferred income +€2,091
up €2,091 (+724%), from €289 to €2,380
- Gross operating margin +€4,487
up €4,487 (+16.2%), from €27,632 to €32,119
- Taxes +€2,733
up €2,733 (+40.1%), from €6,821 to €9,554
- Depreciation -€427
down €427 (-53.6%), from €797 to €370
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 | €66,891 | €150,644 | +€83,753 | +125% |
| Fixed assets | 21/28 | €370 | - | -€370 | |
| Tangible fixed assets | 22/27 | €370 | - | -€370 | |
| Furniture and vehicles | 24 | €370 | - | -€370 | |
| Current assets | 29/58 | €66,521 | €150,644 | +€84,123 | +126% |
| Amounts receivable within one year | 40/41 | €39,974 | €10,376 | -€29,598 | -74.0% |
| Trade receivables | 40 | €3,439 | €2,838 | -€601 | -17.5% |
| Other amounts receivable | 41 | €36,535 | €7,538 | -€28,997 | -79.4% |
| Cash at bank and in hand | 54/58 | €12,887 | €140,268 | +€127,381 | +988% |
| Deferred charges and accrued income | 490/1 | €13,661 | - | -€13,661 | |
| Total equity and liabilities | 10/49 | €66,891 | €150,644 | +€83,753 | +125% |
| Equity | 10/15 | €65,125 | €86,655 | +€21,530 | +33.1% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €65,025 | €86,555 | +€21,530 | +33.1% |
| Distributable reserves | 133 | €65,025 | €86,555 | +€21,530 | +33.1% |
| Amounts payable | 17/49 | €1,766 | €63,989 | +€62,223 | +3,524% |
| Amounts payable within one year | 42/48 | €1,477 | €61,609 | +€60,132 | +4,072% |
| Current portion of amounts payable after more than one year | 42 | €371 | - | -€371 | |
| Trade debts | 44 | - | €34,493 | +€34,493 | |
| Suppliers | 440/4 | - | €34,493 | +€34,493 | |
| Taxes, remuneration and social security | 45 | €1,106 | €12,116 | +€11,010 | +995% |
| Taxes | 450/3 | €356 | €12,116 | +€11,760 | +3,301% |
| Remuneration and social security | 454/9 | €750 | - | -€750 | |
| Other amounts payable | 47/48 | - | €15,000 | +€15,000 | |
| Accrued charges and deferred income | 492/3 | €289 | €2,380 | +€2,091 | +724% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €797 | €370 | -€427 | -53.6% |
| Other operating charges | 640/8 | €565 | €547 | -€18 | -3.3% |
| Non-recurring operating charges | 66A | €7,454 | - | -€7,454 | |
| Gross operating margin | 9900 | €27,632 | €32,119 | +€4,487 | +16.2% |
| Operating profit (loss) | 9901 | €18,816 | €31,202 | +€12,386 | +65.8% |
| Financial income | 75/76B | - | €295 | +€295 | |
| Recurring financial income | 75 | - | €295 | +€295 | |
| Financial charges | 65/66B | €444 | €414 | -€30 | -6.8% |
| Recurring financial charges | 65 | €444 | €414 | -€30 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €18,372 | €31,083 | +€12,711 | +69.2% |
| Income taxes | 67/77 | €6,821 | €9,554 | +€2,733 | +40.1% |
| Profit (loss) for the period | 9904 | €11,551 | €21,529 | +€9,978 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,551 | €21,529 | +€9,978 | +86.4% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.