HILDE LENAERTS: 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.
HILDE LENAERTS
Largest movements
- Receivables within one year -€2,704
down €2,704 (-11.2%), from €24,110 to €21,406
of which Other amounts receivable: -€5,226
- Cash +€1,640
up €1,640 (+180%), from €913 to €2,554
mainly Other debts (+€10,119) and Depreciation (+€5,960)
- Other debts +€10,119
up €10,119, from €0 to €10,119
- Contributions -€10,000
down €10,000 (-53.8%), from €18,600 to €8,600
- Trade debts +€5,401
up €5,401 (+125%), from €4,321 to €9,723
- Profit (loss) carried forward -€2,418
down €2,418, from €0 to -€2,418
- Debts after one year -€1,948
down €1,948 (-26.4%), from €7,377 to €5,429
- Depreciation +€1,638
up €1,638 (+37.9%), from €4,322 to €5,960
- Gross operating margin -€1,129
down €1,129 (-13.8%), from €8,172 to €7,043
- Taxes -€416
down €416 (-15.4%), from €2,710 to €2,293
- Financial income -€306
down €306 (-87.4%), from €350 to €44
- Financial charges -€106
down €106 (-16.6%), from €637 to €531
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 | €45,167 | €43,741 | -€1,426 | -3.2% |
| Fixed assets | 21/28 | €19,721 | €19,781 | +€60 | +0.3% |
| Tangible fixed assets | 22/27 | €19,721 | €19,781 | +€60 | +0.3% |
| Land and buildings | 22 | €1,415 | €1,235 | -€180 | -12.7% |
| Plant, machinery and equipment | 23 | €17,314 | €14,951 | -€2,363 | -13.6% |
| Furniture and vehicles | 24 | €992 | €3,595 | +€2,603 | +262% |
| Current assets | 29/58 | €25,446 | €23,960 | -€1,486 | -5.8% |
| Amounts receivable within one year | 40/41 | €24,110 | €21,406 | -€2,704 | -11.2% |
| Trade receivables | 40 | €18,112 | €20,634 | +€2,522 | +13.9% |
| Other amounts receivable | 41 | €5,998 | €772 | -€5,226 | -87.1% |
| Cash at bank and in hand | 54/58 | €913 | €2,554 | +€1,640 | +180% |
| Deferred charges and accrued income | 490/1 | €422 | €0 | -€422 | -100% |
| Total equity and liabilities | 10/49 | €45,167 | €43,741 | -€1,426 | -3.2% |
| Equity | 10/15 | €24,023 | €11,605 | -€12,418 | -51.7% |
| Contributions | 10/11 | €18,600 | €8,600 | -€10,000 | -53.8% |
| Reserves | 13 | €5,423 | €5,423 | = | 0.0% |
| Distributable reserves | 133 | €5,423 | €5,423 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€2,418 | -€2,418 | |
| Amounts payable | 17/49 | €21,144 | €32,136 | +€10,992 | +52.0% |
| Amounts payable after more than one year | 17 | €7,377 | €5,429 | -€1,948 | -26.4% |
| Financial debts | 170/4 | €7,377 | €5,429 | -€1,948 | -26.4% |
| Amounts payable within one year | 42/48 | €11,547 | €25,368 | +€13,821 | +120% |
| Current portion of amounts payable after more than one year | 42 | €2,020 | €2,107 | +€87 | +4.3% |
| Trade debts | 44 | €4,321 | €9,723 | +€5,401 | +125% |
| Suppliers | 440/4 | €4,321 | €9,723 | +€5,401 | +125% |
| Advances received on contracts in progress | 46 | €127 | €0 | -€127 | -100% |
| Taxes, remuneration and social security | 45 | €5,079 | €3,420 | -€1,659 | -32.7% |
| Taxes | 450/3 | €3,810 | €2,134 | -€1,676 | -44.0% |
| Remuneration and social security | 454/9 | €1,269 | €1,287 | +€17 | +1.4% |
| Other amounts payable | 47/48 | €0 | €10,119 | +€10,119 | |
| Accrued charges and deferred income | 492/3 | €2,220 | €1,339 | -€881 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,322 | €5,960 | +€1,638 | +37.9% |
| Other operating charges | 640/8 | €759 | €721 | -€38 | -5.0% |
| Gross operating margin | 9900 | €8,172 | €7,043 | -€1,129 | -13.8% |
| Operating profit (loss) | 9901 | €3,091 | €362 | -€2,729 | -88.3% |
| Financial income | 75/76B | €350 | €44 | -€306 | -87.4% |
| Recurring financial income | 75 | €350 | €44 | -€306 | -87.4% |
| Financial charges | 65/66B | €637 | €531 | -€106 | -16.6% |
| Recurring financial charges | 65 | €637 | €531 | -€106 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €2,804 | -€125 | -€2,929 | |
| Income taxes | 67/77 | €2,710 | €2,293 | -€416 | -15.4% |
| Profit (loss) for the period | 9904 | €95 | -€2,418 | -€2,513 | |
| Profit (loss) for the period to be appropriated | 9905 | €95 | -€2,418 | -€2,513 |
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 31 October 2026 via checked.be.