L & C: 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.
L & C
Largest movements
- Tangible fixed assets +€44,078
up €44,078 (+145.4%), from €30,310 to €74,388
of which Furniture and vehicles: +€46,880
- Receivables after one year -€40,000
no longer reported in 2026 (was €40,000)
- Cash +€25,888
up €25,888 (+106.4%), from €24,326 to €50,214
mainly Debts after one year (+€48,000) and Receivables after one year (+€40,000)
- Receivables within one year -€7,744
down €7,744 (-44.6%), from €17,366 to €9,621
- Stocks and contracts -€5,021
down €5,021 (-13.9%), from €36,144 to €31,124
- Debts after one year +€48,000
new in 2026: €48,000
- Reserves -€46,395
down €46,395 (-54.3%), from €85,368 to €38,973
- Tax, wage and social debts +€13,576
up €13,576 (+153.4%), from €8,853 to €22,429
of which Remuneration and social security: +€12,235
- Accrued charges and deferred income +€6,655
up €6,655 (+221.1%), from €3,011 to €9,666
- Trade debts -€5,231
down €5,231 (-21.3%), from €24,501 to €19,270
- Gross operating margin -€17,309
down €17,309 (-56.6%), from €30,601 to €13,292
- Financial charges -€3,159
down €3,159 (-97.7%), from €3,233 to €74
- Taxes -€2,515
down €2,515 (-46.2%), from €5,445 to €2,930
- Other operating charges +€1,298
up €1,298 (+164.6%), from €788 to €2,086
- Depreciation +€493
up €493 (+12.5%), from €3,929 to €4,422
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 | €149,898 | €166,992 | +€17,093 | +11.4% |
| Fixed assets | 21/28 | €31,955 | €76,033 | +€44,078 | +137.9% |
| Tangible fixed assets | 22/27 | €30,310 | €74,388 | +€44,078 | +145.4% |
| Plant, machinery and equipment | 23 | €1,202 | €822 | -€380 | -31.6% |
| Furniture and vehicles | 24 | €5,342 | €52,223 | +€46,880 | +877.5% |
| Other tangible fixed assets | 26 | €23,765 | €21,344 | -€2,422 | -10.2% |
| Financial fixed assets | 28 | €1,645 | €1,645 | = | 0.0% |
| Current assets | 29/58 | €117,943 | €90,959 | -€26,985 | -22.9% |
| Amounts receivable after more than one year | 29 | €40,000 | - | -€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Stocks and contracts in progress | 3 | €36,144 | €31,124 | -€5,021 | -13.9% |
| Stocks | 30/36 | €36,144 | €31,124 | -€5,021 | -13.9% |
| Amounts receivable within one year | 40/41 | €17,366 | €9,621 | -€7,744 | -44.6% |
| Trade receivables | 40 | €17,366 | €9,621 | -€7,744 | -44.6% |
| Cash at bank and in hand | 54/58 | €24,326 | €50,214 | +€25,888 | +106.4% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €149,898 | €166,992 | +€17,093 | +11.4% |
| Equity | 10/15 | €86,368 | €40,272 | -€46,096 | -53.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €85,368 | €38,973 | -€46,395 | -54.3% |
| Distributable reserves | 133 | €85,368 | €38,973 | -€46,395 | -54.3% |
| Profit (loss) carried forward | 14 | €0 | €299 | +€299 | |
| Amounts payable | 17/49 | €63,530 | €126,720 | +€63,189 | +99.5% |
| Amounts payable after more than one year | 17 | - | €48,000 | +€48,000 | |
| Financial debts | 170/4 | - | €48,000 | +€48,000 | |
| Amounts payable within one year | 42/48 | €60,520 | €69,054 | +€8,534 | +14.1% |
| Trade debts | 44 | €24,501 | €19,270 | -€5,231 | -21.3% |
| Suppliers | 440/4 | €24,501 | €19,270 | -€5,231 | -21.3% |
| Taxes, remuneration and social security | 45 | €8,853 | €22,429 | +€13,576 | +153.4% |
| Taxes | 450/3 | €8,853 | €10,194 | +€1,341 | +15.1% |
| Remuneration and social security | 454/9 | - | €12,235 | +€12,235 | |
| Other amounts payable | 47/48 | €27,166 | €27,354 | +€188 | +0.7% |
| Accrued charges and deferred income | 492/3 | €3,011 | €9,666 | +€6,655 | +221.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,929 | €4,422 | +€493 | +12.5% |
| Other operating charges | 640/8 | €788 | €2,086 | +€1,298 | +164.6% |
| Gross operating margin | 9900 | €30,601 | €13,292 | -€17,309 | -56.6% |
| Operating profit (loss) | 9901 | €25,884 | €6,785 | -€19,099 | -73.8% |
| Financial income | 75/76B | €602 | €519 | -€83 | -13.7% |
| Recurring financial income | 75 | €602 | €519 | -€83 | -13.7% |
| Financial charges | 65/66B | €3,233 | €74 | -€3,159 | -97.7% |
| Recurring financial charges | 65 | €3,233 | €74 | -€3,159 | -97.7% |
| Profit (loss) for the period before taxes | 9903 | €23,252 | €7,229 | -€16,023 | -68.9% |
| Income taxes | 67/77 | €5,445 | €2,930 | -€2,515 | -46.2% |
| Profit (loss) for the period | 9904 | €17,807 | €4,299 | -€13,508 | -75.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,807 | €4,299 | -€13,508 | -75.9% |
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 6 October 2026 via checked.be.