K: what changed
Two fiscal 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.
K
Largest movements
- Cash +€42,169
up €42,169 (+172.9%), from €24,386 to €66,555
mainly Net result for the year (+€42,560) and Depreciation (+€24,889)
- Tangible fixed assets -€24,889
down €24,889 (-11.6%), from €214,712 to €189,823
of which Land and buildings: -€24,701
- Receivables within one year +€11,980
new in 2026: €11,980
- Profit (loss) carried forward +€22,560
up €22,560, from -€19,229 to €3,331
- Other debts +€20,000
up €20,000 (+187.6%), from €10,663 to €30,663
- Debts after one year -€10,000
down €10,000 (-4.2%), from €240,000 to €230,000
- Gross operating margin +€40,397
up €40,397 (+104.1%), from €38,819 to €79,216
- Taxes +€5,708
up €5,708 (+315.0%), from €1,812 to €7,520
- Financial charges -€1,440
down €1,440 (-70.1%), from €2,054 to €614
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.
Cash bridge derived
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 | €239,725 | €271,484 | +€31,760 | +13.2% |
| Fixed assets | 21/28 | €214,712 | €189,823 | -€24,889 | -11.6% |
| Tangible fixed assets | 22/27 | €214,712 | €189,823 | -€24,889 | -11.6% |
| Land and buildings | 22 | €212,991 | €188,291 | -€24,701 | -11.6% |
| Plant, machinery and equipment | 23 | €1,721 | €1,533 | -€188 | -10.9% |
| Current assets | 29/58 | €25,012 | €81,661 | +€56,649 | +226.5% |
| Amounts receivable within one year | 40/41 | - | €11,980 | +€11,980 | |
| Other amounts receivable | 41 | - | €11,980 | +€11,980 | |
| Cash at bank and in hand | 54/58 | €24,386 | €66,555 | +€42,169 | +172.9% |
| Deferred charges and accrued income | 490/1 | €626 | €3,126 | +€2,500 | +399.5% |
| Total equity and liabilities | 10/49 | €239,725 | €271,484 | +€31,760 | +13.2% |
| Equity | 10/15 | -€13,031 | €9,528 | +€22,560 | |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,229 | €3,331 | +€22,560 | |
| Amounts payable | 17/49 | €252,756 | €261,956 | +€9,200 | +3.6% |
| Amounts payable after more than one year | 17 | €240,000 | €230,000 | -€10,000 | -4.2% |
| Financial debts | 170/4 | €240,000 | €230,000 | -€10,000 | -4.2% |
| Amounts payable within one year | 42/48 | €12,256 | €31,006 | +€18,750 | +153.0% |
| Trade debts | 44 | €1,281 | €343 | -€938 | -73.2% |
| Suppliers | 440/4 | €1,281 | €343 | -€938 | -73.2% |
| Taxes, remuneration and social security | 45 | €312 | - | -€312 | |
| Taxes | 450/3 | €312 | - | -€312 | |
| Other amounts payable | 47/48 | €10,663 | €30,663 | +€20,000 | +187.6% |
| Accrued charges and deferred income | 492/3 | €500 | €950 | +€450 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,733 | €24,889 | +€156 | +0.6% |
| Other operating charges | 640/8 | €3,155 | €3,634 | +€479 | +15.2% |
| Gross operating margin | 9900 | €38,819 | €79,216 | +€40,397 | +104.1% |
| Operating profit (loss) | 9901 | €10,931 | €50,693 | +€39,762 | +363.7% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €2,054 | €614 | -€1,440 | -70.1% |
| Recurring financial charges | 65 | €2,054 | €614 | -€1,440 | -70.1% |
| Profit (loss) for the period before taxes | 9903 | €8,912 | €50,079 | +€41,167 | +461.9% |
| Income taxes | 67/77 | €1,812 | €7,520 | +€5,708 | +315.0% |
| Profit (loss) for the period | 9904 | €7,100 | €42,560 | +€35,459 | +499.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,100 | €42,560 | +€35,459 | +499.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.