FAST - FORWARD - TRADING: 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.
FAST - FORWARD - TRADING
Largest movements
- Cash -€17,263
down €17,263 (-42.6%), from €40,545 to €23,282
mainly Investment in fixed assets (net) (-€39,429) and Net result for the year (-€18,587)
- Profit (loss) carried forward -€18,587
new in 2026: -€18,587
- Other debts +€11,267
up €11,267, from €0 to €11,267
- Current portion of long-term debt -€5,960
down €5,960 (-74.8%), from €7,966 to €2,007
- Gross operating margin -€5,555
down €5,555 (-20.6%), from €26,962 to €21,406
- Depreciation +€4,140
up €4,140 (+12.6%), from €32,867 to €37,007
- Other operating charges +€587
up €587 (+43.6%), from €1,347 to €1,934
- Financial charges -€278
down €278 (-10.9%), from €2,559 to €2,281
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 | €538,776 | €518,934 | -€19,843 | -3.7% |
| Fixed assets | 21/28 | €378,730 | €381,152 | +€2,422 | +0.6% |
| Tangible fixed assets | 22/27 | €378,730 | €381,152 | +€2,422 | +0.6% |
| Land and buildings | 22 | €322,862 | €321,516 | -€1,345 | -0.4% |
| Plant, machinery and equipment | 23 | €1,365 | €2,887 | +€1,522 | +111% |
| Furniture and vehicles | 24 | €54,503 | €56,748 | +€2,245 | +4.1% |
| Current assets | 29/58 | €160,046 | €137,782 | -€22,265 | -13.9% |
| Amounts receivable within one year | 40/41 | €110,426 | €106,171 | -€4,255 | -3.9% |
| Trade receivables | 40 | €18,254 | €12,739 | -€5,515 | -30.2% |
| Other amounts receivable | 41 | €92,172 | €93,432 | +€1,260 | +1.4% |
| Cash at bank and in hand | 54/58 | €40,545 | €23,282 | -€17,263 | -42.6% |
| Deferred charges and accrued income | 490/1 | €9,076 | €8,329 | -€747 | -8.2% |
| Total equity and liabilities | 10/49 | €538,776 | €518,934 | -€19,843 | -3.7% |
| Equity | 10/15 | €516,590 | €498,002 | -€18,587 | -3.6% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Reserves | 13 | €412,474 | €412,474 | = | 0.0% |
| Distributable reserves | 133 | €412,474 | €412,474 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,587 | -€18,587 | |
| Amounts payable | 17/49 | €22,187 | €20,931 | -€1,256 | -5.7% |
| Amounts payable after more than one year | 17 | €2,007 | €0 | -€2,007 | -100% |
| Financial debts | 170/4 | €2,007 | €0 | -€2,007 | -100% |
| Amounts payable within one year | 42/48 | €19,284 | €15,068 | -€4,216 | -21.9% |
| Current portion of amounts payable after more than one year | 42 | €7,966 | €2,007 | -€5,960 | -74.8% |
| Trade debts | 44 | €5,297 | €1,055 | -€4,242 | -80.1% |
| Suppliers | 440/4 | €5,297 | €1,055 | -€4,242 | -80.1% |
| Taxes, remuneration and social security | 45 | €6,020 | €739 | -€5,281 | -87.7% |
| Taxes | 450/3 | €6,020 | €739 | -€5,281 | -87.7% |
| Other amounts payable | 47/48 | €0 | €11,267 | +€11,267 | |
| Accrued charges and deferred income | 492/3 | €896 | €5,864 | +€4,968 | +554% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,867 | €37,007 | +€4,140 | +12.6% |
| Other operating charges | 640/8 | €1,347 | €1,934 | +€587 | +43.6% |
| Non-recurring operating charges | 66A | - | €2,174 | +€2,174 | |
| Gross operating margin | 9900 | €26,962 | €21,406 | -€5,555 | -20.6% |
| Operating profit (loss) | 9901 | -€7,252 | -€19,709 | -€12,457 | -172% |
| Financial income | 75/76B | €3,644 | €3,620 | -€24 | -0.7% |
| Recurring financial income | 75 | €3,644 | €3,620 | -€24 | -0.7% |
| Financial charges | 65/66B | €2,559 | €2,281 | -€278 | -10.9% |
| Recurring financial charges | 65 | €2,559 | €2,281 | -€278 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,166 | -€18,370 | -€12,203 | -198% |
| Income taxes | 67/77 | €219 | €218 | -€1 | -0.4% |
| Profit (loss) for the period | 9904 | -€6,385 | -€18,587 | -€12,202 | -191% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,385 | -€18,587 | -€12,202 | -191% |
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 20 October 2026 via checked.be.