GAZETTENWINKEL: 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.
GAZETTENWINKEL
Largest movements
- Stocks and contracts +€46,349
up €46,349 (+62.8%), from €73,766 to €120,115
- Receivables within one year -€18,691
down €18,691 (-3.9%), from €475,351 to €456,660
- Profit (loss) carried forward +€37,909
up €37,909 (+8.1%), from €468,779 to €506,688
- Accrued charges and deferred income -€9,227
down €9,227 (-100%), from €9,227 to €0
- Financial income -€2,177
down €2,177 (-100.0%), from €2,177 to €0
- Taxes -€719
down €719 (-5.4%), from €13,356 to €12,637
- Gross operating margin -€548
down €548 (-1.0%), from €52,298 to €51,750
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 | €549,465 | €576,882 | +€27,417 | +5.0% |
| Current assets | 29/58 | €549,465 | €576,882 | +€27,417 | +5.0% |
| Stocks and contracts in progress | 3 | €73,766 | €120,115 | +€46,349 | +62.8% |
| Stocks | 30/36 | €73,766 | €120,115 | +€46,349 | +62.8% |
| Amounts receivable within one year | 40/41 | €475,351 | €456,660 | -€18,691 | -3.9% |
| Other amounts receivable | 41 | €475,351 | €456,660 | -€18,691 | -3.9% |
| Cash at bank and in hand | 54/58 | €241 | €0 | -€241 | -100% |
| Deferred charges and accrued income | 490/1 | €107 | €107 | = | 0.0% |
| Total equity and liabilities | 10/49 | €549,465 | €576,882 | +€27,417 | +5.0% |
| Equity | 10/15 | €489,679 | €527,588 | +€37,909 | +7.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €468,779 | €506,688 | +€37,909 | +8.1% |
| Amounts payable | 17/49 | €59,785 | €49,293 | -€10,492 | -17.5% |
| Amounts payable within one year | 42/48 | €50,558 | €49,293 | -€1,265 | -2.5% |
| Financial debts | 43 | €4,636 | €4,764 | +€128 | +2.8% |
| Credit institutions | 430/8 | €4,636 | €4,764 | +€128 | +2.8% |
| Trade debts | 44 | €41,961 | €41,893 | -€68 | -0.2% |
| Suppliers | 440/4 | €41,961 | €41,893 | -€68 | -0.2% |
| Taxes, remuneration and social security | 45 | €3,745 | €2,637 | -€1,108 | -29.6% |
| Taxes | 450/3 | €3,745 | €2,637 | -€1,108 | -29.6% |
| Other amounts payable | 47/48 | €217 | €0 | -€217 | -100% |
| Accrued charges and deferred income | 492/3 | €9,227 | €0 | -€9,227 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €304 | €88 | -€217 | -71.2% |
| Gross operating margin | 9900 | €52,298 | €51,750 | -€548 | -1.0% |
| Operating profit (loss) | 9901 | €51,994 | €51,662 | -€332 | -0.6% |
| Financial income | 75/76B | €2,177 | €0 | -€2,177 | -100.0% |
| Recurring financial income | 75 | €2,177 | €0 | -€2,177 | -100.0% |
| Financial charges | 65/66B | €807 | €1,117 | +€310 | +38.5% |
| Recurring financial charges | 65 | €807 | €1,117 | +€310 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €53,364 | €50,545 | -€2,819 | -5.3% |
| Income taxes | 67/77 | €13,356 | €12,637 | -€719 | -5.4% |
| Profit (loss) for the period | 9904 | €40,008 | €37,909 | -€2,100 | -5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,008 | €37,909 | -€2,100 | -5.2% |
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 28 October 2026 via checked.be.