IVAN EN ANNY MAES: 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.
IVAN EN ANNY MAES
Largest movements
- Cash -€22,286
down €22,286 (-53.8%), from €41,457 to €19,171
mainly Receivables within one year (-€19,782) and Net result for the year (-€8,143)
- Receivables within one year +€19,782
up €19,782 (+39.7%), from €49,776 to €69,558
of which Trade receivables: +€17,422
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€6,288
down €6,288 (-98.2%), from €6,406 to €118
- Financial income -€1,263
down €1,263 (-42.1%), from €2,997 to €1,734
- Other operating charges +€352
up €352 (+7.8%), from €4,489 to €4,841
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 | €1,614,838 | €1,606,334 | -€8,504 | -0.5% |
| Fixed assets | 21/28 | €299,429 | €294,605 | -€4,824 | -1.6% |
| Tangible fixed assets | 22/27 | €296,429 | €291,605 | -€4,824 | -1.6% |
| Other tangible fixed assets | 26 | €296,429 | €291,605 | -€4,824 | -1.6% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €1,315,409 | €1,311,729 | -€3,679 | -0.3% |
| Stocks and contracts in progress | 3 | €1,223,000 | €1,223,000 | = | 0.0% |
| Stocks | 30/36 | €1,223,000 | €1,223,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,776 | €69,558 | +€19,782 | +39.7% |
| Trade receivables | 40 | €6,521 | €23,943 | +€17,422 | +267% |
| Other amounts receivable | 41 | €43,255 | €45,615 | +€2,360 | +5.5% |
| Cash at bank and in hand | 54/58 | €41,457 | €19,171 | -€22,286 | -53.8% |
| Deferred charges and accrued income | 490/1 | €1,176 | €0 | -€1,176 | -100% |
| Total equity and liabilities | 10/49 | €1,614,838 | €1,606,334 | -€8,504 | -0.5% |
| Equity | 10/15 | €1,606,796 | €1,598,653 | -€8,143 | -0.5% |
| Contributions | 10/11 | €1,388,880 | €1,388,880 | = | 0.0% |
| Reserves | 13 | €217,916 | €209,773 | -€8,143 | -3.7% |
| Distributable reserves | 133 | €217,916 | €209,773 | -€8,143 | -3.7% |
| Amounts payable | 17/49 | €8,042 | €7,681 | -€360 | -4.5% |
| Amounts payable within one year | 42/48 | €7,024 | €6,663 | -€360 | -5.1% |
| Trade debts | 44 | €918 | €828 | -€90 | -9.8% |
| Suppliers | 440/4 | €918 | €828 | -€90 | -9.8% |
| Taxes, remuneration and social security | 45 | €270 | €0 | -€270 | -100% |
| Taxes | 450/3 | €270 | €0 | -€270 | -100% |
| Other amounts payable | 47/48 | €5,836 | €5,836 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,018 | €1,018 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,824 | €4,824 | = | 0.0% |
| Other operating charges | 640/8 | €4,489 | €4,841 | +€352 | +7.8% |
| Gross operating margin | 9900 | €6,406 | €118 | -€6,288 | -98.2% |
| Operating profit (loss) | 9901 | -€2,908 | -€9,547 | -€6,640 | -228% |
| Financial income | 75/76B | €2,997 | €1,734 | -€1,263 | -42.1% |
| Recurring financial income | 75 | €2,997 | €1,734 | -€1,263 | -42.1% |
| Financial charges | 65/66B | €329 | €330 | +€2 | +0.5% |
| Recurring financial charges | 65 | €329 | €330 | +€2 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | -€239 | -€8,143 | -€7,904 | -3,308% |
| Profit (loss) for the period | 9904 | -€239 | -€8,143 | -€7,904 | -3,308% |
| Profit (loss) for the period to be appropriated | 9905 | -€239 | -€8,143 | -€7,904 | -3,308% |
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.