LEGALLINK: 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.
LEGALLINK
Largest movements
- Cash -€24,030
down €24,030 (-42.6%), from €56,418 to €32,388
mainly Contributions, distributions and other (-€25,800) and Other debts (-€8,592)
- Receivables within one year +€3,357
up €3,357 (+18.1%), from €18,581 to €21,939
of which Other amounts receivable: +€3,042
- Profit (loss) carried forward -€16,279
down €16,279 (-100.0%), from €16,279 to €1
- Other debts -€8,592
down €8,592 (-22.0%), from €39,052 to €30,460
- Trade debts +€2,626
up €2,626 (+68.0%), from €3,864 to €6,490
- Tax, wage and social debts +€2,583
up €2,583 (+59.9%), from €4,309 to €6,891
- Current portion of long-term debt -€1,213
down €1,213 (-16.2%), from €7,471 to €6,258
- Gross operating margin -€21,102
down €21,102 (-50.5%), from €41,782 to €20,680
- Taxes -€4,042
down €4,042 (-43.7%), from €9,245 to €5,203
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 | €93,008 | €71,159 | -€21,849 | -23.5% |
| Fixed assets | 21/28 | €16,083 | €15,821 | -€262 | -1.6% |
| Tangible fixed assets | 22/27 | €16,083 | €15,821 | -€262 | -1.6% |
| Plant, machinery and equipment | 23 | €5,571 | €8,726 | +€3,155 | +56.6% |
| Furniture and vehicles | 24 | €10,512 | €7,095 | -€3,417 | -32.5% |
| Current assets | 29/58 | €76,925 | €55,338 | -€21,587 | -28.1% |
| Amounts receivable within one year | 40/41 | €18,581 | €21,939 | +€3,357 | +18.1% |
| Trade receivables | 40 | €17,826 | €18,141 | +€316 | +1.8% |
| Other amounts receivable | 41 | €755 | €3,797 | +€3,042 | +403% |
| Cash at bank and in hand | 54/58 | €56,418 | €32,388 | -€24,030 | -42.6% |
| Deferred charges and accrued income | 490/1 | €1,926 | €1,012 | -€914 | -47.5% |
| Total equity and liabilities | 10/49 | €93,008 | €71,159 | -€21,849 | -23.5% |
| Equity | 10/15 | €37,339 | €21,060 | -€16,279 | -43.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Tax-exempt reserves | 132 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,279 | €1 | -€16,279 | -100.0% |
| Amounts payable | 17/49 | €55,669 | €50,099 | -€5,570 | -10.0% |
| Amounts payable after more than one year | 17 | €974 | - | -€974 | |
| Financial debts | 170/4 | €974 | - | -€974 | |
| Amounts payable within one year | 42/48 | €54,695 | €50,099 | -€4,596 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €7,471 | €6,258 | -€1,213 | -16.2% |
| Trade debts | 44 | €3,864 | €6,490 | +€2,626 | +68.0% |
| Suppliers | 440/4 | €3,864 | €6,490 | +€2,626 | +68.0% |
| Taxes, remuneration and social security | 45 | €4,309 | €6,891 | +€2,583 | +59.9% |
| Taxes | 450/3 | €4,309 | €6,891 | +€2,583 | +59.9% |
| Other amounts payable | 47/48 | €39,052 | €30,460 | -€8,592 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,921 | €4,655 | -€266 | -5.4% |
| Other operating charges | 640/8 | €695 | €819 | +€124 | +17.8% |
| Gross operating margin | 9900 | €41,782 | €20,680 | -€21,102 | -50.5% |
| Operating profit (loss) | 9901 | €36,165 | €15,206 | -€20,959 | -58.0% |
| Financial income | 75/76B | €2 | €1 | -€1 | -41.7% |
| Recurring financial income | 75 | €2 | €1 | -€1 | -41.7% |
| Financial charges | 65/66B | €787 | €483 | -€304 | -38.7% |
| Recurring financial charges | 65 | €787 | €483 | -€304 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €35,380 | €14,724 | -€20,655 | -58.4% |
| Income taxes | 67/77 | €9,245 | €5,203 | -€4,042 | -43.7% |
| Profit (loss) for the period | 9904 | €26,135 | €9,521 | -€16,613 | -63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €26,135 | €9,521 | -€16,613 | -63.6% |
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 14 October 2026 via checked.be.