FIXAR: 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.
FIXAR
Largest movements
- Receivables within one year -€700,788
down €700,788 (-48.0%), from €1.5m to €759,167
of which Trade receivables: -€700,788
- Deferred charges and accrued income +€52,647
up €52,647 (+163%), from €32,395 to €85,042
- Intangible fixed assets +€17,380
new in 2026: €17,380
- Short-term financial debts -€165,000
down €165,000 (-73.3%), from €225,000 to €60,000
- Trade debts -€152,504
down €152,504 (-49.7%), from €306,729 to €154,224
- Accrued charges and deferred income -€129,833
down €129,833 (-85.4%), from €152,100 to €22,267
- Current portion of long-term debt -€108,839
down €108,839 (-39.9%), from €272,712 to €163,874
- Profit (loss) carried forward +€60,762
up €60,762 (+29.1%), from -€208,500 to -€147,738
- Gross operating margin +€157,193
up €157,193 (+32.2%), from €488,579 to €645,772
- Staff costs +€153,591
up €153,591 (+43.1%), from €356,210 to €509,801
- Other operating charges +€19,623
up €19,623 (+400%), from €4,900 to €24,523
- Depreciation +€10,306
up €10,306 (+106%), from €9,754 to €20,060
- Financial charges +€7,030
up €7,030 (+37.7%), from €18,637 to €25,667
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 | €1,662,055 | €1,051,287 | -€610,769 | -36.7% |
| Fixed assets | 21/28 | €68,632 | €89,074 | +€20,441 | +29.8% |
| Intangible fixed assets | 21 | - | €17,380 | +€17,380 | |
| Tangible fixed assets | 22/27 | €65,882 | €68,194 | +€2,311 | +3.5% |
| Plant, machinery and equipment | 23 | €9,544 | €17,432 | +€7,888 | +82.6% |
| Furniture and vehicles | 24 | €20,545 | €19,417 | -€1,128 | -5.5% |
| Other tangible fixed assets | 26 | €35,793 | €31,345 | -€4,449 | -12.4% |
| Financial fixed assets | 28 | €2,750 | €3,500 | +€750 | +27.3% |
| Current assets | 29/58 | €1,593,423 | €962,213 | -€631,210 | -39.6% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €1,459,956 | €759,167 | -€700,788 | -48.0% |
| Trade receivables | 40 | €1,459,956 | €759,167 | -€700,788 | -48.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €101,072 | €113,004 | +€11,932 | +11.8% |
| Deferred charges and accrued income | 490/1 | €32,395 | €85,042 | +€52,647 | +163% |
| Total equity and liabilities | 10/49 | €1,662,055 | €1,051,287 | -€610,769 | -36.7% |
| Equity | 10/15 | €361,905 | €422,667 | +€60,762 | +16.8% |
| Contributions | 10/11 | €518,550 | €518,550 | = | 0.0% |
| Reserves | 13 | €51,855 | €51,855 | = | 0.0% |
| Distributable reserves | 133 | €51,855 | €51,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€208,500 | -€147,738 | +€60,762 | +29.1% |
| Amounts payable | 17/49 | €1,300,150 | €628,620 | -€671,530 | -51.7% |
| Amounts payable after more than one year | 17 | €46,107 | €5,888 | -€40,218 | -87.2% |
| Financial debts | 170/4 | €46,107 | €5,888 | -€40,218 | -87.2% |
| Amounts payable within one year | 42/48 | €1,101,944 | €600,464 | -€501,479 | -45.5% |
| Current portion of amounts payable after more than one year | 42 | €272,712 | €163,874 | -€108,839 | -39.9% |
| Financial debts | 43 | €225,000 | €60,000 | -€165,000 | -73.3% |
| Credit institutions | 430/8 | €225,000 | €60,000 | -€165,000 | -73.3% |
| Trade debts | 44 | €306,729 | €154,224 | -€152,504 | -49.7% |
| Suppliers | 440/4 | €306,729 | €154,224 | -€152,504 | -49.7% |
| Taxes, remuneration and social security | 45 | €163,199 | €122,367 | -€40,833 | -25.0% |
| Taxes | 450/3 | €93,886 | €17,070 | -€76,815 | -81.8% |
| Remuneration and social security | 454/9 | €69,314 | €105,296 | +€35,983 | +51.9% |
| Other amounts payable | 47/48 | €134,303 | €100,000 | -€34,303 | -25.5% |
| Accrued charges and deferred income | 492/3 | €152,100 | €22,267 | -€129,833 | -85.4% |
| Remuneration, social security and pensions | 62 | €356,210 | €509,801 | +€153,591 | +43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,754 | €20,060 | +€10,306 | +106% |
| Other operating charges | 640/8 | €4,900 | €24,523 | +€19,623 | +400% |
| Non-recurring operating charges | 66A | €511 | €0 | -€511 | -100% |
| Gross operating margin | 9900 | €488,579 | €645,772 | +€157,193 | +32.2% |
| Operating profit (loss) | 9901 | €117,204 | €91,388 | -€25,816 | -22.0% |
| Financial income | 75/76B | €129 | €39 | -€90 | -70.0% |
| Recurring financial income | 75 | €129 | €39 | -€90 | -70.0% |
| Financial charges | 65/66B | €18,637 | €25,667 | +€7,030 | +37.7% |
| Recurring financial charges | 65 | €18,637 | €25,667 | +€7,030 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €98,696 | €65,760 | -€32,936 | -33.4% |
| Income taxes | 67/77 | €981 | €4,998 | +€4,017 | +410% |
| Profit (loss) for the period | 9904 | €97,715 | €60,762 | -€36,954 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,715 | €60,762 | -€36,954 | -37.8% |
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 18 October 2026 via checked.be.