F.W.B.: 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.
F.W.B.
Largest movements
- Tangible fixed assets -€38,287
down €38,287 (-11.4%), from €335,713 to €297,426
of which Land and buildings: -€37,966
- Cash -€6,269
down €6,269 (-9.7%), from €64,788 to €58,519
mainly Other debts (-€95,451) and Trade debts (-€6,529)
- Receivables within one year +€5,933
new in 2026: €5,933
of which Trade receivables: +€5,400
- Other debts -€95,451
down €95,451 (-31.4%), from €303,550 to €208,099
- Reserves +€57,597
up €57,597 (+1,925%), from €2,993 to €60,590
- Trade debts -€6,529
down €6,529 (-94.2%), from €6,929 to €400
- Tax, wage and social debts +€5,760
new in 2026: €5,760
- Gross operating margin +€93,084
up €93,084 (+611%), from €15,244 to €108,328
- Depreciation -€19,292
down €19,292 (-33.5%), from €57,579 to €38,287
- Taxes +€5,760
new in 2026: €5,760
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 | €400,502 | €361,879 | -€38,623 | -9.6% |
| Fixed assets | 21/28 | €335,713 | €297,426 | -€38,287 | -11.4% |
| Tangible fixed assets | 22/27 | €335,713 | €297,426 | -€38,287 | -11.4% |
| Land and buildings | 22 | €335,393 | €297,426 | -€37,966 | -11.3% |
| Plant, machinery and equipment | 23 | €321 | - | -€321 | |
| Current assets | 29/58 | €64,788 | €64,452 | -€336 | -0.5% |
| Amounts receivable within one year | 40/41 | - | €5,933 | +€5,933 | |
| Trade receivables | 40 | - | €5,400 | +€5,400 | |
| Other amounts receivable | 41 | - | €533 | +€533 | |
| Cash at bank and in hand | 54/58 | €64,788 | €58,519 | -€6,269 | -9.7% |
| Total equity and liabilities | 10/49 | €400,502 | €361,879 | -€38,623 | -9.6% |
| Equity | 10/15 | €89,098 | €146,695 | +€57,597 | +64.6% |
| Contributions | 10/11 | €29,925 | €29,925 | = | 0.0% |
| Reserves | 13 | €2,993 | €60,590 | +€57,597 | +1,925% |
| Distributable reserves | 133 | €2,993 | €60,590 | +€57,597 | +1,925% |
| Profit (loss) carried forward | 14 | €56,180 | €56,180 | = | 0.0% |
| Amounts payable | 17/49 | €311,404 | €215,184 | -€96,220 | -30.9% |
| Amounts payable within one year | 42/48 | €310,479 | €214,259 | -€96,220 | -31.0% |
| Trade debts | 44 | €6,929 | €400 | -€6,529 | -94.2% |
| Suppliers | 440/4 | €6,929 | €400 | -€6,529 | -94.2% |
| Taxes, remuneration and social security | 45 | - | €5,760 | +€5,760 | |
| Taxes | 450/3 | - | €5,760 | +€5,760 | |
| Other amounts payable | 47/48 | €303,550 | €208,099 | -€95,451 | -31.4% |
| Accrued charges and deferred income | 492/3 | €925 | €925 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,579 | €38,287 | -€19,292 | -33.5% |
| Other operating charges | 640/8 | €6,180 | €5,972 | -€208 | -3.4% |
| Gross operating margin | 9900 | €15,244 | €108,328 | +€93,084 | +611% |
| Operating profit (loss) | 9901 | -€48,515 | €64,068 | +€112,583 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €530 | €712 | +€181 | +34.2% |
| Recurring financial charges | 65 | €530 | €712 | +€181 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,046 | €63,357 | +€112,402 | |
| Income taxes | 67/77 | - | €5,760 | +€5,760 | |
| Profit (loss) for the period | 9904 | -€49,046 | €57,597 | +€106,643 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,046 | €57,597 | +€106,643 |
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 16 October 2026 via checked.be.