Les Carnets: 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.
Les Carnets
Largest movements
- Stocks and contracts +€10,911
up €10,911 (+16.5%), from €66,057 to €76,968
- Cash +€8,110
up €8,110 (+760.1%), from €1,067 to €9,177
mainly Net result for the year (+€18,542) and Depreciation (+€11,097)
- Tangible fixed assets -€6,831
down €6,831 (-18.0%), from €37,939 to €31,108
of which Other tangible fixed assets: -€3,516
- Receivables within one year -€4,799
down €4,799 (-51.9%), from €9,248 to €4,449
of which Trade receivables: -€5,045
- Intangible fixed assets +€3,540
up €3,540 (+14.9%), from €23,772 to €27,312
- Profit (loss) carried forward +€18,542
up €18,542, from -€7,252 to €11,290
- Other debts -€7,788
down €7,788 (-11.6%), from €66,958 to €59,170
- Trade debts +€3,711
up €3,711 (+19.8%), from €18,739 to €22,450
- Debts after one year -€2,826
down €2,826 (-8.0%), from €35,467 to €32,641
- Tax, wage and social debts -€2,563
down €2,563 (-12.8%), from €20,022 to €17,459
of which Remuneration and social security: -€1,722
- Gross operating margin +€27,376
up €27,376 (+39.1%), from €69,954 to €97,330
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 | €146,818 | €155,951 | +€9,133 | +6.2% |
| Formation expenses | 20 | €3,304 | €1,636 | -€1,668 | -50.5% |
| Fixed assets | 21/28 | €61,711 | €58,420 | -€3,291 | -5.3% |
| Intangible fixed assets | 21 | €23,772 | €27,312 | +€3,540 | +14.9% |
| Tangible fixed assets | 22/27 | €37,939 | €31,108 | -€6,831 | -18.0% |
| Plant, machinery and equipment | 23 | €1,824 | €1,105 | -€719 | -39.4% |
| Furniture and vehicles | 24 | €11,434 | €8,838 | -€2,596 | -22.7% |
| Other tangible fixed assets | 26 | €24,681 | €21,165 | -€3,516 | -14.2% |
| Current assets | 29/58 | €81,803 | €95,895 | +€14,092 | +17.2% |
| Stocks and contracts in progress | 3 | €66,057 | €76,968 | +€10,911 | +16.5% |
| Stocks | 30/36 | €66,057 | €76,968 | +€10,911 | +16.5% |
| Amounts receivable within one year | 40/41 | €9,248 | €4,449 | -€4,799 | -51.9% |
| Trade receivables | 40 | €9,248 | €4,203 | -€5,045 | -54.6% |
| Other amounts receivable | 41 | - | €246 | +€246 | |
| Cash at bank and in hand | 54/58 | €1,067 | €9,177 | +€8,110 | +760.1% |
| Deferred charges and accrued income | 490/1 | €5,431 | €5,301 | -€130 | -2.4% |
| Total equity and liabilities | 10/49 | €146,818 | €155,951 | +€9,133 | +6.2% |
| Equity | 10/15 | €2,748 | €21,290 | +€18,542 | +674.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,252 | €11,290 | +€18,542 | |
| Amounts payable | 17/49 | €144,070 | €134,661 | -€9,409 | -6.5% |
| Amounts payable after more than one year | 17 | €35,467 | €32,641 | -€2,826 | -8.0% |
| Financial debts | 170/4 | €35,467 | €32,641 | -€2,826 | -8.0% |
| Amounts payable within one year | 42/48 | €108,499 | €101,905 | -€6,594 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €2,780 | €2,826 | +€46 | +1.7% |
| Trade debts | 44 | €18,739 | €22,450 | +€3,711 | +19.8% |
| Suppliers | 440/4 | €18,739 | €22,450 | +€3,711 | +19.8% |
| Taxes, remuneration and social security | 45 | €20,022 | €17,459 | -€2,563 | -12.8% |
| Taxes | 450/3 | €7,747 | €6,906 | -€841 | -10.9% |
| Remuneration and social security | 454/9 | €12,275 | €10,553 | -€1,722 | -14.0% |
| Other amounts payable | 47/48 | €66,958 | €59,170 | -€7,788 | -11.6% |
| Accrued charges and deferred income | 492/3 | €104 | €115 | +€11 | +10.6% |
| Remuneration, social security and pensions | 62 | €61,141 | €61,730 | +€589 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,831 | €11,097 | +€266 | +2.5% |
| Other operating charges | 640/8 | €3,807 | €3,489 | -€318 | -8.4% |
| Gross operating margin | 9900 | €69,954 | €97,330 | +€27,376 | +39.1% |
| Operating profit (loss) | 9901 | -€5,825 | €21,014 | +€26,839 | |
| Financial income | 75/76B | €74 | €123 | +€49 | +66.2% |
| Recurring financial income | 75 | €74 | €123 | +€49 | +66.2% |
| Financial charges | 65/66B | €2,678 | €2,463 | -€215 | -8.0% |
| Recurring financial charges | 65 | €2,678 | €2,463 | -€215 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,429 | €18,674 | +€27,103 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€8,557 | €18,542 | +€27,099 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,557 | €18,542 | +€27,099 |
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 2 October 2026 via checked.be.