Fever Pitch: 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.
Fever Pitch
Largest movements
- Cash +€104,254
up €104,254 (+116%), from €90,050 to €194,305
mainly Net result for the year (+€90,153) and Tax, wage and social debts (+€14,630)
- Tangible fixed assets +€4,622
up €4,622 (+195%), from €2,369 to €6,991
- Receivables within one year -€3,123
down €3,123 (-19.4%), from €16,088 to €12,965
- Reserves +€90,153
up €90,153 (+116%), from €77,871 to €168,024
- Tax, wage and social debts +€14,630
up €14,630 (+103%), from €14,226 to €28,856
of which Taxes: +€14,630
- Other debts +€2,332
up €2,332 (+33.4%), from €6,974 to €9,306
- Gross operating margin +€80,707
up €80,707 (+198%), from €40,776 to €121,483
- Taxes +€16,015
up €16,015 (+140%), from €11,446 to €27,461
- Depreciation +€1,300
up €1,300 (+82.3%), from €1,580 to €2,879
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 | €109,134 | €215,538 | +€106,404 | +97.5% |
| Fixed assets | 21/28 | €2,369 | €6,991 | +€4,622 | +195% |
| Tangible fixed assets | 22/27 | €2,369 | €6,991 | +€4,622 | +195% |
| Furniture and vehicles | 24 | €2,369 | €6,991 | +€4,622 | +195% |
| Current assets | 29/58 | €106,764 | €208,547 | +€101,783 | +95.3% |
| Amounts receivable within one year | 40/41 | €16,088 | €12,965 | -€3,123 | -19.4% |
| Trade receivables | 40 | €16,088 | €12,965 | -€3,123 | -19.4% |
| Cash at bank and in hand | 54/58 | €90,050 | €194,305 | +€104,254 | +116% |
| Deferred charges and accrued income | 490/1 | €626 | €1,278 | +€652 | +104% |
| Total equity and liabilities | 10/49 | €109,134 | €215,538 | +€106,404 | +97.5% |
| Equity | 10/15 | €82,871 | €173,024 | +€90,153 | +109% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,871 | €168,024 | +€90,153 | +116% |
| Distributable reserves | 133 | €77,871 | €168,024 | +€90,153 | +116% |
| Amounts payable | 17/49 | €26,263 | €42,514 | +€16,251 | +61.9% |
| Amounts payable within one year | 42/48 | €26,263 | €42,514 | +€16,251 | +61.9% |
| Trade debts | 44 | €5,063 | €4,352 | -€711 | -14.0% |
| Suppliers | 440/4 | €5,063 | €4,352 | -€711 | -14.0% |
| Taxes, remuneration and social security | 45 | €14,226 | €28,856 | +€14,630 | +103% |
| Taxes | 450/3 | €11,270 | €25,900 | +€14,630 | +130% |
| Remuneration and social security | 454/9 | €2,956 | €2,956 | = | 0.0% |
| Other amounts payable | 47/48 | €6,974 | €9,306 | +€2,332 | +33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,580 | €2,879 | +€1,300 | +82.3% |
| Other operating charges | 640/8 | €684 | €744 | +€60 | +8.7% |
| Gross operating margin | 9900 | €40,776 | €121,483 | +€80,707 | +198% |
| Operating profit (loss) | 9901 | €38,512 | €117,859 | +€79,347 | +206% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €453 | €252 | -€201 | -44.4% |
| Recurring financial charges | 65 | €453 | €252 | -€201 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €38,059 | €117,614 | +€79,555 | +209% |
| Income taxes | 67/77 | €11,446 | €27,461 | +€16,015 | +140% |
| Profit (loss) for the period | 9904 | €26,613 | €90,153 | +€63,540 | +239% |
| Profit (loss) for the period to be appropriated | 9905 | €26,613 | €90,153 | +€63,540 | +239% |
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 26 October 2026 via checked.be.