LE BUTTERFLY: 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.
LE BUTTERFLY
Largest movements
- Tangible fixed assets -€9,510
down €9,510 (-6.6%), from €143,852 to €134,342
- Profit (loss) carried forward -€20,718
down €20,718 (-35.1%), from -€58,994 to -€79,712
- Tax, wage and social debts +€7,052
up €7,052 (+14.0%), from €50,345 to €57,397
- Other debts +€3,785
up €3,785 (+140%), from €2,704 to €6,489
- Other operating charges +€7,052
new in 2026: €7,052
- Gross operating margin -€3,255
down €3,255 (-498%), from -€653 to -€3,908
- Financial charges -€52
no longer reported in 2026 (was €52)
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 | €144,055 | €134,357 | -€9,698 | -6.7% |
| Fixed assets | 21/28 | €143,852 | €134,342 | -€9,510 | -6.6% |
| Tangible fixed assets | 22/27 | €143,852 | €134,342 | -€9,510 | -6.6% |
| Land and buildings | 22 | €143,852 | €134,342 | -€9,510 | -6.6% |
| Current assets | 29/58 | €203 | €15 | -€188 | -92.6% |
| Amounts receivable within one year | 40/41 | €188 | - | -€188 | |
| Other amounts receivable | 41 | €188 | - | -€188 | |
| Cash at bank and in hand | 54/58 | €15 | €15 | = | 0.0% |
| Total equity and liabilities | 10/49 | €144,055 | €134,357 | -€9,698 | -6.7% |
| Equity | 10/15 | €91,006 | €70,288 | -€20,718 | -22.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€58,994 | -€79,712 | -€20,718 | -35.1% |
| Amounts payable | 17/49 | €53,049 | €64,069 | +€11,020 | +20.8% |
| Amounts payable within one year | 42/48 | €53,049 | €64,069 | +€11,020 | +20.8% |
| Trade debts | 44 | - | €183 | +€183 | |
| Suppliers | 440/4 | - | €183 | +€183 | |
| Taxes, remuneration and social security | 45 | €50,345 | €57,397 | +€7,052 | +14.0% |
| Taxes | 450/3 | €50,345 | €57,397 | +€7,052 | +14.0% |
| Other amounts payable | 47/48 | €2,704 | €6,489 | +€3,785 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,510 | €9,510 | = | 0.0% |
| Other operating charges | 640/8 | - | €7,052 | +€7,052 | |
| Non-recurring operating charges | 66A | - | €248 | +€248 | |
| Gross operating margin | 9900 | -€653 | -€3,908 | -€3,255 | -498% |
| Operating profit (loss) | 9901 | -€10,163 | -€20,718 | -€10,555 | -104% |
| Financial charges | 65/66B | €52 | - | -€52 | |
| Recurring financial charges | 65 | €52 | - | -€52 | |
| Profit (loss) for the period before taxes | 9903 | -€10,215 | -€20,718 | -€10,503 | -103% |
| Profit (loss) for the period | 9904 | -€10,215 | -€20,718 | -€10,503 | -103% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,215 | -€20,718 | -€10,503 | -103% |
Source: filed annual accounts (NBB), financial years ended 28 February 2025 and 28 February 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.