Joris Vanderlinden: 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.
Joris Vanderlinden
Largest movements
- Cash +€40,165
up €40,165 (+61.0%), from €65,867 to €106,031
mainly Net result for the year (+€26,552) and Receivables within one year (+€14,689)
- Receivables within one year -€14,689
down €14,689 (-42.3%), from €34,757 to €20,068
of which Trade receivables: -€15,933
- Reserves +€26,552
up €26,552 (+28.6%), from €92,927 to €119,479
- Tax, wage and social debts -€1,759
down €1,759 (-21.1%), from €8,347 to €6,589
- Gross operating margin -€16,618
down €16,618 (-29.9%), from €55,496 to €38,878
- Taxes -€4,126
down €4,126 (-36.9%), from €11,180 to €7,054
- Write-downs +€3,000
new in 2026: €3,000
- Depreciation +€1,867
up €1,867 (+327%), from €571 to €2,437
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 | €108,299 | €134,025 | +€25,725 | +23.8% |
| Fixed assets | 21/28 | €7,229 | €7,475 | +€246 | +3.4% |
| Tangible fixed assets | 22/27 | €7,229 | €7,475 | +€246 | +3.4% |
| Plant, machinery and equipment | 23 | €1,914 | €3,310 | +€1,395 | +72.9% |
| Furniture and vehicles | 24 | €5,314 | €4,165 | -€1,149 | -21.6% |
| Current assets | 29/58 | €101,071 | €126,550 | +€25,479 | +25.2% |
| Amounts receivable within one year | 40/41 | €34,757 | €20,068 | -€14,689 | -42.3% |
| Trade receivables | 40 | €32,938 | €17,005 | -€15,933 | -48.4% |
| Other amounts receivable | 41 | €1,820 | €3,063 | +€1,243 | +68.3% |
| Cash at bank and in hand | 54/58 | €65,867 | €106,031 | +€40,165 | +61.0% |
| Deferred charges and accrued income | 490/1 | €447 | €450 | +€4 | +0.8% |
| Total equity and liabilities | 10/49 | €108,299 | €134,025 | +€25,725 | +23.8% |
| Equity | 10/15 | €95,427 | €121,979 | +€26,552 | +27.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €92,927 | €119,479 | +€26,552 | +28.6% |
| Distributable reserves | 133 | €92,927 | €119,479 | +€26,552 | +28.6% |
| Amounts payable | 17/49 | €12,873 | €12,046 | -€827 | -6.4% |
| Amounts payable within one year | 42/48 | €12,873 | €12,046 | -€827 | -6.4% |
| Trade debts | 44 | €2,043 | €2,771 | +€729 | +35.7% |
| Suppliers | 440/4 | €2,043 | €2,771 | +€729 | +35.7% |
| Taxes, remuneration and social security | 45 | €8,347 | €6,589 | -€1,759 | -21.1% |
| Taxes | 450/3 | €8,347 | €6,589 | -€1,759 | -21.1% |
| Other amounts payable | 47/48 | €2,482 | €2,685 | +€203 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €2,437 | +€1,867 | +327% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,000 | +€3,000 | |
| Other operating charges | 640/8 | €53 | €172 | +€119 | +225% |
| Gross operating margin | 9900 | €55,496 | €38,878 | -€16,618 | -29.9% |
| Operating profit (loss) | 9901 | €54,872 | €33,268 | -€21,604 | -39.4% |
| Financial income | 75/76B | €243 | €413 | +€171 | +70.3% |
| Recurring financial income | 75 | €243 | €413 | +€171 | +70.3% |
| Financial charges | 65/66B | €92 | €75 | -€17 | -18.7% |
| Recurring financial charges | 65 | €92 | €75 | -€17 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €55,023 | €33,607 | -€21,416 | -38.9% |
| Income taxes | 67/77 | €11,180 | €7,054 | -€4,126 | -36.9% |
| Profit (loss) for the period | 9904 | €43,843 | €26,552 | -€17,290 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,843 | €26,552 | -€17,290 | -39.4% |
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 27 October 2026 via checked.be.