I-ADVICE: 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.
What changed
I-ADVICE
NACE 46.480, Wholesale trade
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€129,986
2025 · €918,726-€788,740
Equity
€4.2m
2025 · €4.2m+€49,986
Cash
€44,132
2025 · €21,031+€23,101
Balance sheet total
€4.3m
2025 · €4.2m+€142,407
Largest movements
Assets
- Receivables within one year +€134,888
up €134,888 (+5.7%), from €2.4m to €2.5m
of which Other amounts receivable: +€147,690
Equity and liabilities
- Other debts +€78,798
up €78,798 (+1,628%), from €4,840 to €83,638
- Reserves +€50,000
up €50,000 (+3.3%), from €1.5m to €1.6m
Income statement
- Gross operating margin -€810,686
down €810,686 (-93.9%), from €863,732 to €53,046
- Financial income +€27,359
up €27,359 (+38.7%), from €70,701 to €98,060
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.
Result 2025
€918,726
Gross operating margin
-€810,686
Depreciation
-€86
Other operating charges
+€780
Financial income
+€27,359
Financial charges
+€238
Taxes
-€6,346
Result 2026
€129,986
raises the resultlowers the result
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.
From operations
+€89,732
Investment
+€13,369
Financing
-€80,000
Cash 2025
€21,031
From operations (derived)
+€89,732
Net result for the year
+€129,986
Depreciation
+€251
Receivables within one year
-€134,888
Deferred charges and accrued income
+€1,962
Trade debts
-€2,544
Tax, wage and social debts
+€16,339
Other debts
+€78,798
Accrued charges and deferred income
-€173
Investment (derived)
+€13,369
Investment in fixed assets (net)
+€13,369
Financing
-€80,000
Contributions, distributions and other
-€80,000
Cash 2026
€44,132
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,206,942 | €4,349,349 | +€142,407 | +3.4% |
| Fixed assets | 21/28 | €1,808,208 | €1,794,587 | -€13,620 | -0.8% |
| Tangible fixed assets | 22/27 | €14,107 | €487 | -€13,620 | -96.6% |
| Plant, machinery and equipment | 23 | €139 | €487 | +€348 | +251% |
| Furniture and vehicles | 24 | €13,968 | - | -€13,968 | |
| Financial fixed assets | 28 | €1,794,101 | €1,794,101 | = | 0.0% |
| Current assets | 29/58 | €2,398,735 | €2,554,762 | +€156,027 | +6.5% |
| Amounts receivable within one year | 40/41 | €2,375,742 | €2,510,630 | +€134,888 | +5.7% |
| Trade receivables | 40 | €19,138 | €6,336 | -€12,802 | -66.9% |
| Other amounts receivable | 41 | €2,356,604 | €2,504,294 | +€147,690 | +6.3% |
| Cash at bank and in hand | 54/58 | €21,031 | €44,132 | +€23,101 | +110% |
| Deferred charges and accrued income | 490/1 | €1,962 | - | -€1,962 | |
| Total equity and liabilities | 10/49 | €4,206,942 | €4,349,349 | +€142,407 | +3.4% |
| Equity | 10/15 | €4,196,179 | €4,246,165 | +€49,986 | +1.2% |
| Contributions | 10/11 | €2,690,000 | €2,690,000 | = | 0.0% |
| Reserves | 13 | €1,500,000 | €1,550,000 | +€50,000 | +3.3% |
| Distributable reserves | 133 | €1,500,000 | €1,550,000 | +€50,000 | +3.3% |
| Profit (loss) carried forward | 14 | €6,179 | €6,165 | -€14 | -0.2% |
| Amounts payable | 17/49 | €10,763 | €103,184 | +€92,421 | +859% |
| Amounts payable within one year | 42/48 | €10,390 | €102,984 | +€92,594 | +891% |
| Trade debts | 44 | €2,544 | - | -€2,544 | |
| Suppliers | 440/4 | €2,544 | - | -€2,544 | |
| Taxes, remuneration and social security | 45 | €3,006 | €19,346 | +€16,339 | +543% |
| Taxes | 450/3 | €3,006 | €19,346 | +€16,339 | +543% |
| Other amounts payable | 47/48 | €4,840 | €83,638 | +€78,798 | +1,628% |
| Accrued charges and deferred income | 492/3 | €373 | €200 | -€173 | -46.3% |
| Non-recurring operating income | 76A | €863,919 | €54,000 | -€809,919 | -93.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €251 | +€86 | +52.3% |
| Other operating charges | 640/8 | €2,003 | €1,222 | -€780 | -39.0% |
| Gross operating margin | 9900 | €863,732 | €53,046 | -€810,686 | -93.9% |
| Operating profit (loss) | 9901 | €861,564 | €51,572 | -€809,992 | -94.0% |
| Financial income | 75/76B | €70,701 | €98,060 | +€27,359 | +38.7% |
| Recurring financial income | 75 | €70,701 | €98,060 | +€27,359 | +38.7% |
| Financial charges | 65/66B | €704 | €466 | -€238 | -33.8% |
| Recurring financial charges | 65 | €704 | €466 | -€238 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | €931,561 | €149,166 | -€782,395 | -84.0% |
| Income taxes | 67/77 | €12,834 | €19,180 | +€6,346 | +49.4% |
| Profit (loss) for the period | 9904 | €918,726 | €129,986 | -€788,740 | -85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €918,726 | €129,986 | -€788,740 | -85.9% |
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 15 October 2026 via checked.be.