H30: 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.
H30
Largest movements
- Tangible fixed assets -€186,481
down €186,481 (-4.3%), from €4.3m to €4.1m
of which Land and buildings: -€179,437
- Debts after one year -€201,664
down €201,664 (-24.0%), from €839,212 to €637,548
of which Financial debts: -€201,664
- Other debts +€155,832
up €155,832 (+5.3%), from €2.9m to €3.1m
- Profit (loss) carried forward -€138,271
down €138,271 (-101.2%), from -€136,587 to -€274,857
- Gross operating margin -€34,343
down €34,343 (-14.6%), from €234,426 to €200,084
- Financial charges -€23,784
down €23,784 (-40.0%), from €59,400 to €35,616
- Depreciation -€17,358
down €17,358 (-8.5%), from €203,839 to €186,481
- Financial income -€17,103
down €17,103 (-70.1%), from €24,401 to €7,297
- Other operating charges -€9,793
down €9,793 (-7.3%), from €133,348 to €123,555
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 | €5,193,612 | €4,990,293 | -€203,319 | -3.9% |
| Fixed assets | 21/28 | €4,305,010 | €4,118,530 | -€186,481 | -4.3% |
| Tangible fixed assets | 22/27 | €4,304,187 | €4,117,706 | -€186,481 | -4.3% |
| Land and buildings | 22 | €4,260,705 | €4,081,268 | -€179,437 | -4.2% |
| Plant, machinery and equipment | 23 | €43,482 | €36,438 | -€7,044 | -16.2% |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €888,602 | €871,763 | -€16,839 | -1.9% |
| Amounts receivable within one year | 40/41 | €882,232 | €870,245 | -€11,988 | -1.4% |
| Trade receivables | 40 | €41,117 | €17,987 | -€23,130 | -56.3% |
| Other amounts receivable | 41 | €841,115 | €852,258 | +€11,143 | +1.3% |
| Cash at bank and in hand | 54/58 | €6,369 | €1,518 | -€4,851 | -76.2% |
| Total equity and liabilities | 10/49 | €5,193,612 | €4,990,293 | -€203,319 | -3.9% |
| Equity | 10/15 | €1,166,265 | €1,027,995 | -€138,271 | -11.9% |
| Contributions | 10/11 | €1,148,815 | €1,148,815 | = | 0.0% |
| Capital | 10 | €1,148,815 | €1,148,815 | = | 0.0% |
| Issued capital | 100 | €1,148,815 | €1,148,815 | = | 0.0% |
| Reserves | 13 | €154,036 | €154,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,649 | €49,649 | = | 0.0% |
| Legal reserve | 130 | €49,649 | €49,649 | = | 0.0% |
| Distributable reserves | 133 | €104,388 | €104,388 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,587 | -€274,857 | -€138,271 | -101.2% |
| Amounts payable | 17/49 | €4,027,347 | €3,962,298 | -€65,049 | -1.6% |
| Amounts payable after more than one year | 17 | €839,212 | €637,548 | -€201,664 | -24.0% |
| Financial debts | 170/4 | €824,612 | €622,948 | -€201,664 | -24.5% |
| Other amounts payable | 178/9 | €14,600 | €14,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €3,188,135 | €3,324,750 | +€136,615 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €201,664 | €201,664 | = | 0.0% |
| Trade debts | 44 | €51,746 | €25,396 | -€26,350 | -50.9% |
| Suppliers | 440/4 | €51,746 | €25,396 | -€26,350 | -50.9% |
| Taxes, remuneration and social security | 45 | €4,542 | €11,676 | +€7,134 | +157.1% |
| Taxes | 450/3 | €2,542 | - | -€2,542 | |
| Remuneration and social security | 454/9 | €2,000 | €11,676 | +€9,676 | +483.8% |
| Other amounts payable | 47/48 | €2,930,183 | €3,086,014 | +€155,832 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,839 | €186,481 | -€17,358 | -8.5% |
| Other operating charges | 640/8 | €133,348 | €123,555 | -€9,793 | -7.3% |
| Gross operating margin | 9900 | €234,426 | €200,084 | -€34,343 | -14.6% |
| Operating profit (loss) | 9901 | -€102,761 | -€109,952 | -€7,191 | -7.0% |
| Financial income | 75/76B | €24,401 | €7,297 | -€17,103 | -70.1% |
| Recurring financial income | 75 | €24,401 | €7,297 | -€17,103 | -70.1% |
| Financial charges | 65/66B | €59,400 | €35,616 | -€23,784 | -40.0% |
| Recurring financial charges | 65 | €59,400 | €35,616 | -€23,784 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | -€137,760 | -€138,271 | -€511 | -0.4% |
| Profit (loss) for the period | 9904 | -€137,760 | -€138,271 | -€511 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€137,760 | -€138,271 | -€511 | -0.4% |
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 2 October 2026 via checked.be.