Lisa Vanderschelden: 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.
Lisa Vanderschelden
Largest movements
- Tangible fixed assets -€8,433
down €8,433 (-68.2%), from €12,363 to €3,930
of which Furniture and vehicles: -€8,103
- Receivables within one year +€6,086
new in 2026: €6,086
of which Other amounts receivable: +€5,816
- Cash -€5,061
down €5,061 (-30.1%), from €16,803 to €11,741
mainly Other debts (-€13,185) and Receivables within one year (-€6,086)
- Other debts -€13,185
no longer reported in 2026 (was €13,185)
- Reserves +€6,127
up €6,127 (+51.3%), from €11,938 to €18,065
- Tax, wage and social debts -€1,391
no longer reported in 2026 (was €1,391)
- Trade debts +€844
up €844 (+55.4%), from €1,524 to €2,369
- Gross operating margin -€12,064
down €12,064 (-48.4%), from €24,948 to €12,885
- Depreciation -€5,648
down €5,648 (-76.5%), from €7,380 to €1,733
- Taxes -€1,805
down €1,805 (-41.1%), from €4,391 to €2,586
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 | €29,539 | €21,934 | -€7,605 | -25.7% |
| Fixed assets | 21/28 | €12,363 | €3,930 | -€8,433 | -68.2% |
| Tangible fixed assets | 22/27 | €12,363 | €3,930 | -€8,433 | -68.2% |
| Plant, machinery and equipment | 23 | €670 | €340 | -€330 | -49.3% |
| Furniture and vehicles | 24 | €11,693 | €3,590 | -€8,103 | -69.3% |
| Current assets | 29/58 | €17,176 | €18,004 | +€827 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €6,086 | +€6,086 | |
| Trade receivables | 40 | - | €270 | +€270 | |
| Other amounts receivable | 41 | - | €5,816 | +€5,816 | |
| Cash at bank and in hand | 54/58 | €16,803 | €11,741 | -€5,061 | -30.1% |
| Deferred charges and accrued income | 490/1 | €374 | €177 | -€197 | -52.7% |
| Total equity and liabilities | 10/49 | €29,539 | €21,934 | -€7,605 | -25.7% |
| Equity | 10/15 | €13,438 | €19,565 | +€6,127 | +45.6% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €11,938 | €18,065 | +€6,127 | +51.3% |
| Distributable reserves | 133 | €11,938 | €18,065 | +€6,127 | +51.3% |
| Amounts payable | 17/49 | €16,101 | €2,369 | -€13,732 | -85.3% |
| Amounts payable within one year | 42/48 | €16,101 | €2,369 | -€13,732 | -85.3% |
| Trade debts | 44 | €1,524 | €2,369 | +€844 | +55.4% |
| Suppliers | 440/4 | €1,524 | €2,369 | +€844 | +55.4% |
| Taxes, remuneration and social security | 45 | €1,391 | - | -€1,391 | |
| Taxes | 450/3 | €1,391 | - | -€1,391 | |
| Other amounts payable | 47/48 | €13,185 | - | -€13,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,380 | €1,733 | -€5,648 | -76.5% |
| Other operating charges | 640/8 | €1,076 | €942 | -€133 | -12.4% |
| Non-recurring operating charges | 66A | - | €1,246 | +€1,246 | |
| Gross operating margin | 9900 | €24,948 | €12,885 | -€12,064 | -48.4% |
| Operating profit (loss) | 9901 | €16,493 | €8,964 | -€7,529 | -45.7% |
| Financial income | 75/76B | - | €18 | +€18 | |
| Recurring financial income | 75 | - | €18 | +€18 | |
| Financial charges | 65/66B | €163 | €269 | +€106 | +64.6% |
| Recurring financial charges | 65 | €163 | €269 | +€106 | +64.6% |
| Profit (loss) for the period before taxes | 9903 | €16,329 | €8,713 | -€7,617 | -46.6% |
| Income taxes | 67/77 | €4,391 | €2,586 | -€1,805 | -41.1% |
| Profit (loss) for the period | 9904 | €11,938 | €6,127 | -€5,812 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,938 | €6,127 | -€5,812 | -48.7% |
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 1 November 2026 via checked.be.