Full Spectrum: what changed
Two fiscal 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.
Full Spectrum
Largest movements
- Receivables within one year -€217,802
down €217,802 (-91.6%), from €237,646 to €19,844
of which Other amounts receivable: -€217,000
- Current investments +€50,097
new in 2026: €50,097
- Cash +€11,160
up €11,160 (+4.9%), from €228,179 to €239,339
mainly Receivables within one year (+€217,802) and Net result for the year (+€92,783)
- Reserves -€83,494
down €83,494 (-25.4%), from €328,304 to €244,810
of which Distributable reserves: -€83,494
- Other debts -€67,250
down €67,250 (-86.1%), from €78,113 to €10,863
- Trade debts -€11,754
down €11,754 (-70.7%), from €16,619 to €4,866
- Tax, wage and social debts +€5,503
up €5,503 (+22.1%), from €24,890 to €30,393
- Taxes +€8,592
up €8,592 (+24.5%), from €35,074 to €43,666
- Gross operating margin +€3,763
up €3,763 (+3.0%), from €127,096 to €130,859
- Financial income +€3,173
up €3,173 (+97.8%), from €3,244 to €6,417
- Depreciation -€1,884
down €1,884 (-80.7%), from €2,335 to €450
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.
Cash bridge derived
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 | €466,526 | €309,531 | -€156,995 | -33.7% |
| Fixed assets | 21/28 | €702 | €251 | -€450 | -64.2% |
| Tangible fixed assets | 22/27 | €702 | €251 | -€450 | -64.2% |
| Plant, machinery and equipment | 23 | €469 | €251 | -€218 | -46.4% |
| Furniture and vehicles | 24 | €232 | - | -€232 | |
| Current assets | 29/58 | €465,824 | €309,280 | -€156,545 | -33.6% |
| Amounts receivable within one year | 40/41 | €237,646 | €19,844 | -€217,802 | -91.6% |
| Trade receivables | 40 | €20,646 | €19,844 | -€802 | -3.9% |
| Other amounts receivable | 41 | €217,000 | - | -€217,000 | |
| Current investments | 50/53 | - | €50,097 | +€50,097 | |
| Cash at bank and in hand | 54/58 | €228,179 | €239,339 | +€11,160 | +4.9% |
| Total equity and liabilities | 10/49 | €466,526 | €309,531 | -€156,995 | -33.7% |
| Equity | 10/15 | €346,904 | €263,410 | -€83,494 | -24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €328,304 | €244,810 | -€83,494 | -25.4% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €326,504 | €243,010 | -€83,494 | -25.6% |
| Amounts payable | 17/49 | €119,622 | €46,121 | -€73,501 | -61.4% |
| Amounts payable within one year | 42/48 | €119,622 | €46,121 | -€73,501 | -61.4% |
| Trade debts | 44 | €16,619 | €4,866 | -€11,754 | -70.7% |
| Suppliers | 440/4 | €16,619 | €4,866 | -€11,754 | -70.7% |
| Taxes, remuneration and social security | 45 | €24,890 | €30,393 | +€5,503 | +22.1% |
| Taxes | 450/3 | €24,890 | €30,393 | +€5,503 | +22.1% |
| Other amounts payable | 47/48 | €78,113 | €10,863 | -€67,250 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,335 | €450 | -€1,884 | -80.7% |
| Other operating charges | 640/8 | €140 | €210 | +€70 | +49.9% |
| Gross operating margin | 9900 | €127,096 | €130,859 | +€3,763 | +3.0% |
| Operating profit (loss) | 9901 | €124,621 | €130,199 | +€5,577 | +4.5% |
| Financial income | 75/76B | €3,244 | €6,417 | +€3,173 | +97.8% |
| Recurring financial income | 75 | €3,244 | €6,417 | +€3,173 | +97.8% |
| Financial charges | 65/66B | €108 | €166 | +€58 | +54.1% |
| Recurring financial charges | 65 | €108 | €166 | +€58 | +54.1% |
| Profit (loss) for the period before taxes | 9903 | €127,758 | €136,450 | +€8,692 | +6.8% |
| Income taxes | 67/77 | €35,074 | €43,666 | +€8,592 | +24.5% |
| Profit (loss) for the period | 9904 | €92,683 | €92,783 | +€100 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €92,683 | €92,783 | +€100 | +0.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.