I AND I: what changed
I AND I
Largest movements
- Tangible fixed assets -€16,601
down €16,601 (-9.0%), from €184,146 to €167,545
of which Land and buildings: -€9,866
- Cash -€6,436
down €6,436 (-46.8%), from €13,750 to €7,314
mainly Contributions, distributions and other (-€34,357) and Debts after one year (-€28,245)
- Receivables within one year -€3,393
down €3,393 (-94.6%), from €3,585 to €192
of which Other amounts receivable: -€3,139
- Debts after one year -€28,245
down €28,245 (-47.1%), from €59,932 to €31,687
- Other debts +€25,486
new in 2026: €25,486
- Reserves -€20,638
down €20,638 (-24.0%), from €86,065 to €65,427
- Current portion of long-term debt -€3,346
down €3,346 (-11.7%), from €28,591 to €25,245
- Financial charges -€1,322
down €1,322 (-26.9%), from €4,917 to €3,594
- Gross operating margin -€663
down €663 (-1.6%), from €42,581 to €41,918
- Other operating charges -€452
down €452 (-16.8%), from €2,685 to €2,233
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,201 | €175,725 | -€26,476 | -13.1% |
| Fixed assets | 21/28 | €184,806 | €168,155 | -€16,651 | -9.0% |
| Tangible fixed assets | 22/27 | €184,146 | €167,545 | -€16,601 | -9.0% |
| Land and buildings | 22 | €159,326 | €149,460 | -€9,866 | -6.2% |
| Plant, machinery and equipment | 23 | €2,933 | €2,328 | -€606 | -20.6% |
| Leasing and similar rights | 25 | €21,887 | €15,758 | -€6,129 | -28.0% |
| Financial fixed assets | 28 | €660 | €610 | -€50 | -7.6% |
| Current assets | 29/58 | €17,395 | €7,569 | -€9,825 | -56.5% |
| Amounts receivable within one year | 40/41 | €3,585 | €192 | -€3,393 | -94.6% |
| Trade receivables | 40 | €446 | €192 | -€254 | -56.8% |
| Other amounts receivable | 41 | €3,139 | - | -€3,139 | |
| Cash at bank and in hand | 54/58 | €13,750 | €7,314 | -€6,436 | -46.8% |
| Deferred charges and accrued income | 490/1 | €60 | €63 | +€3 | +4.9% |
| Total equity and liabilities | 10/49 | €202,201 | €175,725 | -€26,476 | -13.1% |
| Equity | 10/15 | €104,665 | €84,027 | -€20,638 | -19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,065 | €65,427 | -€20,638 | -24.0% |
| Distributable reserves | 133 | €86,065 | €65,427 | -€20,638 | -24.0% |
| Amounts payable | 17/49 | €97,535 | €91,697 | -€5,838 | -6.0% |
| Amounts payable after more than one year | 17 | €59,932 | €31,687 | -€28,245 | -47.1% |
| Financial debts | 170/4 | €59,932 | €31,687 | -€28,245 | -47.1% |
| Amounts payable within one year | 42/48 | €37,603 | €60,010 | +€22,407 | +59.6% |
| Current portion of amounts payable after more than one year | 42 | €28,591 | €25,245 | -€3,346 | -11.7% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Other loans | 439 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €1,239 | €1,278 | +€39 | +3.1% |
| Suppliers | 440/4 | €1,239 | €1,278 | +€39 | +3.1% |
| Taxes, remuneration and social security | 45 | €4,773 | €5,002 | +€228 | +4.8% |
| Taxes | 450/3 | €4,773 | €5,002 | +€228 | +4.8% |
| Other amounts payable | 47/48 | - | €25,486 | +€25,486 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,601 | €16,601 | = | 0.0% |
| Other operating charges | 640/8 | €2,685 | €2,233 | -€452 | -16.8% |
| Gross operating margin | 9900 | €42,581 | €41,918 | -€663 | -1.6% |
| Operating profit (loss) | 9901 | €23,295 | €23,084 | -€211 | -0.9% |
| Financial income | 75/76B | €165 | - | -€165 | |
| Recurring financial income | 75 | €165 | - | -€165 | |
| Financial charges | 65/66B | €4,917 | €3,594 | -€1,322 | -26.9% |
| Recurring financial charges | 65 | €4,917 | €3,594 | -€1,322 | -26.9% |
| Profit (loss) for the period before taxes | 9903 | €18,543 | €19,489 | +€946 | +5.1% |
| Income taxes | 67/77 | €5,528 | €5,770 | +€242 | +4.4% |
| Profit (loss) for the period | 9904 | €13,015 | €13,719 | +€704 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,015 | €13,719 | +€704 | +5.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.