M26: what changed
What changed
M26
NACE 62.100, Computer programming
filed annual accounts (NBB)
Net result for the year
€61,466
2024 · €76,147-€14,681
Equity
€118,442
2024 · €116,976+€1,466
Cash
€133,449
2024 · €135,694-€2,245
Balance sheet total
€164,091
2024 · €206,674-€42,583
Largest movements
Assets
- Receivables within one year -€41,702
down €41,702 (-65.0%), from €64,133 to €22,431
of which Other amounts receivable: -€41,702
- Cash -€2,245
down €2,245 (-1.7%), from €135,694 to €133,449
mainly Contributions, distributions and other (-€60,000) and Other debts (-€49,966)
Equity and liabilities
- Other debts -€49,966
down €49,966 (-99.9%), from €50,000 to €34
- Tax, wage and social debts +€5,762
up €5,762 (+15.7%), from €36,801 to €42,562
Income statement
- Gross operating margin -€18,949
down €18,949 (-18.0%), from €105,410 to €86,461
- Financial income +€7,750
new in 2025: €7,750
of which Financial income: +€7,750
- Taxes +€3,409
up €3,409 (+14.3%), from €23,774 to €27,183
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€76,147
Gross operating margin
-€18,949
Depreciation
-€43
Other operating charges
-€150
Financial income
+€7,750
Financial charges
+€120
Taxes
-€3,409
Result 2025
€61,466
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€61,816
Investment
-€4,061
Financing
-€60,000
Cash 2024
€135,694
From operations (derived)
+€61,816
Net result for the year
+€61,466
Depreciation
+€3,439
Receivables within one year
+€41,702
Deferred charges and accrued income
-€742
Trade debts
+€156
Tax, wage and social debts
+€5,762
Other debts
-€49,966
Investment (derived)
-€4,061
Investment in fixed assets (net)
-€4,061
Financing
-€60,000
Contributions, distributions and other
-€60,000
Cash 2025
€133,449
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,674 | €164,091 | -€42,583 | -20.6% |
| Fixed assets | 21/28 | €6,598 | €7,220 | +€622 | +9.4% |
| Tangible fixed assets | 22/27 | €6,598 | €7,220 | +€622 | +9.4% |
| Furniture and vehicles | 24 | €3,520 | €4,592 | +€1,072 | +30.5% |
| Other tangible fixed assets | 26 | €3,077 | €2,627 | -€450 | -14.6% |
| Current assets | 29/58 | €200,076 | €156,871 | -€43,205 | -21.6% |
| Amounts receivable within one year | 40/41 | €64,133 | €22,431 | -€41,702 | -65.0% |
| Trade receivables | 40 | €22,431 | €22,431 | = | 0.0% |
| Other amounts receivable | 41 | €41,702 | - | -€41,702 | |
| Cash at bank and in hand | 54/58 | €135,694 | €133,449 | -€2,245 | -1.7% |
| Deferred charges and accrued income | 490/1 | €249 | €992 | +€742 | +297% |
| Total equity and liabilities | 10/49 | €206,674 | €164,091 | -€42,583 | -20.6% |
| Equity | 10/15 | €116,976 | €118,442 | +€1,466 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €96,516 | €97,982 | +€1,466 | +1.5% |
| Amounts payable | 17/49 | €89,698 | €45,649 | -€44,049 | -49.1% |
| Amounts payable within one year | 42/48 | €89,698 | €45,649 | -€44,049 | -49.1% |
| Trade debts | 44 | €2,897 | €3,053 | +€156 | +5.4% |
| Suppliers | 440/4 | €2,897 | €3,053 | +€156 | +5.4% |
| Taxes, remuneration and social security | 45 | €36,801 | €42,562 | +€5,762 | +15.7% |
| Taxes | 450/3 | €36,801 | €42,562 | +€5,762 | +15.7% |
| Other amounts payable | 47/48 | €50,000 | €34 | -€49,966 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,396 | €3,439 | +€43 | +1.3% |
| Other operating charges | 640/8 | €968 | €1,118 | +€150 | +15.5% |
| Gross operating margin | 9900 | €105,410 | €86,461 | -€18,949 | -18.0% |
| Operating profit (loss) | 9901 | €101,046 | €81,904 | -€19,142 | -18.9% |
| Financial income | 75/76B | - | €7,750 | +€7,750 | |
| Recurring financial income | 75 | - | €7,750 | +€7,750 | |
| Non-recurring financial income | 76B | - | €7,750 | +€7,750 | |
| Financial charges | 65/66B | €1,125 | €1,005 | -€120 | -10.6% |
| Recurring financial charges | 65 | €1,125 | €1,005 | -€120 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €99,921 | €88,649 | -€11,272 | -11.3% |
| Income taxes | 67/77 | €23,774 | €27,183 | +€3,409 | +14.3% |
| Profit (loss) for the period | 9904 | €76,147 | €61,466 | -€14,681 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €76,147 | €61,466 | -€14,681 | -19.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.