FLATLINED: 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.
FLATLINED
Largest movements
- Cash +€61,806
up €61,806 (+47.0%), from €131,523 to €193,329
mainly Net result for the year (+€72,084) and Other debts (+€17,687)
- Receivables within one year -€12,979
down €12,979 (-39.9%), from €32,551 to €19,572
of which Trade receivables: -€13,201
- Profit (loss) carried forward +€24,084
up €24,084 (+23.9%), from €100,787 to €124,871
- Other debts +€17,687
up €17,687 (+51.2%), from €34,573 to €52,260
- Tax, wage and social debts +€7,419
up €7,419 (+94.0%), from €7,891 to €15,310
- Gross operating margin +€20,568
up €20,568 (+31.4%), from €65,492 to €86,060
- Taxes +€1,419
up €1,419 (+10.7%), from €13,199 to €14,618
- Financial income +€999
new in 2026: €999
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 | €164,074 | €212,902 | +€48,827 | +29.8% |
| Current assets | 29/58 | €164,074 | €212,902 | +€48,827 | +29.8% |
| Amounts receivable within one year | 40/41 | €32,551 | €19,572 | -€12,979 | -39.9% |
| Trade receivables | 40 | €32,226 | €19,025 | -€13,201 | -41.0% |
| Other amounts receivable | 41 | €325 | €547 | +€222 | +68.3% |
| Cash at bank and in hand | 54/58 | €131,523 | €193,329 | +€61,806 | +47.0% |
| Total equity and liabilities | 10/49 | €164,074 | €212,902 | +€48,827 | +29.8% |
| Equity | 10/15 | €121,247 | €145,331 | +€24,084 | +19.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,787 | €124,871 | +€24,084 | +23.9% |
| Amounts payable | 17/49 | €42,827 | €67,570 | +€24,743 | +57.8% |
| Amounts payable within one year | 42/48 | €42,827 | €67,570 | +€24,743 | +57.8% |
| Trade debts | 44 | €363 | - | -€363 | |
| Suppliers | 440/4 | €363 | - | -€363 | |
| Taxes, remuneration and social security | 45 | €7,891 | €15,310 | +€7,419 | +94.0% |
| Taxes | 450/3 | €7,891 | €15,310 | +€7,419 | +94.0% |
| Other amounts payable | 47/48 | €34,573 | €52,260 | +€17,687 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €593 | - | -€593 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€0 | - | +€0 | |
| Other operating charges | 640/8 | €334 | €301 | -€33 | -9.9% |
| Gross operating margin | 9900 | €65,492 | €86,060 | +€20,568 | +31.4% |
| Operating profit (loss) | 9901 | €64,565 | €85,759 | +€21,194 | +32.8% |
| Financial income | 75/76B | - | €999 | +€999 | |
| Recurring financial income | 75 | - | €999 | +€999 | |
| Financial charges | 65/66B | €45 | €56 | +€11 | +23.7% |
| Recurring financial charges | 65 | €45 | €56 | +€11 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €64,520 | €86,702 | +€22,182 | +34.4% |
| Income taxes | 67/77 | €13,199 | €14,618 | +€1,419 | +10.7% |
| Profit (loss) for the period | 9904 | €51,321 | €72,084 | +€20,763 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,321 | €72,084 | +€20,763 | +40.5% |
Source: filed annual accounts (NBB), financial years ended 31 May 2025 and 31 May 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.