FABULA NOSTRA: 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.
FABULA NOSTRA
Largest movements
- Receivables within one year +€1.3m
up €1.3m (+2,513%), from €52,956 to €1.4m
of which Other amounts receivable: +€1.3m
- Cash -€310,623
down €310,623 (-95.5%), from €325,116 to €14,493
mainly Receivables within one year (-€1.3m) and Debts after one year (-€1.1m)
- Receivables after one year -€147,500
down €147,500 (-90.8%), from €162,500 to €15,000
- Reserves +€1.8m
up €1.8m (+313%), from €587,186 to €2.4m
- Debts after one year -€1.1m
down €1.1m (-57.9%), from €1.9m to €795,583
- Tax, wage and social debts +€124,273
up €124,273 (+184%), from €67,429 to €191,703
- Financial income +€1.4m
up €1.4m (+233%), from €600,000 to €2.0m
- Taxes +€124,320
up €124,320 (+187%), from €66,500 to €190,820
- Gross operating margin -€12,851
down €12,851 (-23.4%), from €54,977 to €42,126
- Financial charges -€6,041
down €6,041 (-32.6%), from €18,533 to €12,492
- Other operating charges +€1,000
up €1,000 (+610%), from €164 to €1,164
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 | €3,213,042 | €4,084,448 | +€871,406 | +27.1% |
| Fixed assets | 21/28 | €2,672,471 | €2,671,235 | -€1,235 | 0.0% |
| Tangible fixed assets | 22/27 | €2,471 | €1,235 | -€1,235 | -50.0% |
| Furniture and vehicles | 24 | €2,471 | €1,235 | -€1,235 | -50.0% |
| Financial fixed assets | 28 | €2,670,000 | €2,670,000 | = | 0.0% |
| Current assets | 29/58 | €540,572 | €1,413,212 | +€872,641 | +161% |
| Amounts receivable after more than one year | 29 | €162,500 | €15,000 | -€147,500 | -90.8% |
| Other amounts receivable | 291 | €162,500 | €15,000 | -€147,500 | -90.8% |
| Amounts receivable within one year | 40/41 | €52,956 | €1,383,720 | +€1.3m | +2,513% |
| Trade receivables | 40 | - | €19,602 | +€19,602 | |
| Other amounts receivable | 41 | €52,956 | €1,364,118 | +€1.3m | +2,476% |
| Cash at bank and in hand | 54/58 | €325,116 | €14,493 | -€310,623 | -95.5% |
| Total equity and liabilities | 10/49 | €3,213,042 | €4,084,448 | +€871,406 | +27.1% |
| Equity | 10/15 | €837,186 | €2,673,600 | +€1.8m | +219% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €587,186 | €2,423,600 | +€1.8m | +313% |
| Distributable reserves | 133 | €587,186 | €2,423,600 | +€1.8m | +313% |
| Amounts payable | 17/49 | €2,375,856 | €1,410,848 | -€965,009 | -40.6% |
| Amounts payable after more than one year | 17 | €1,888,035 | €795,583 | -€1.1m | -57.9% |
| Financial debts | 170/4 | €1,888,035 | €795,583 | -€1.1m | -57.9% |
| Amounts payable within one year | 42/48 | €469,423 | €602,907 | +€133,484 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €399,910 | €405,951 | +€6,041 | +1.5% |
| Trade debts | 44 | €956 | €1,053 | +€97 | +10.1% |
| Suppliers | 440/4 | €956 | €1,053 | +€97 | +10.1% |
| Taxes, remuneration and social security | 45 | €67,429 | €191,703 | +€124,273 | +184% |
| Taxes | 450/3 | €67,429 | €191,703 | +€124,273 | +184% |
| Other amounts payable | 47/48 | €1,128 | €4,201 | +€3,073 | +272% |
| Accrued charges and deferred income | 492/3 | €18,398 | €12,357 | -€6,041 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,235 | €1,235 | = | 0.0% |
| Other operating charges | 640/8 | €164 | €1,164 | +€1,000 | +610% |
| Gross operating margin | 9900 | €54,977 | €42,126 | -€12,851 | -23.4% |
| Operating profit (loss) | 9901 | €53,578 | €39,727 | -€13,851 | -25.9% |
| Financial income | 75/76B | €600,000 | €2,000,000 | +€1.4m | +233% |
| Recurring financial income | 75 | €600,000 | €2,000,000 | +€1.4m | +233% |
| Financial charges | 65/66B | €18,533 | €12,492 | -€6,041 | -32.6% |
| Recurring financial charges | 65 | €18,533 | €12,492 | -€6,041 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €635,045 | €2,027,234 | +€1.4m | +219% |
| Income taxes | 67/77 | €66,500 | €190,820 | +€124,320 | +187% |
| Profit (loss) for the period | 9904 | €568,544 | €1,836,414 | +€1.3m | +223% |
| Profit (loss) for the period to be appropriated | 9905 | €568,544 | €1,836,414 | +€1.3m | +223% |
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 23 October 2026 via checked.be.