Mario Luyten: 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.
Mario Luyten
Largest movements
- Cash -€15,136
down €15,136 (-47.8%), from €31,649 to €16,513
mainly Other debts (-€29,253) and Stocks and contracts (-€3,750)
- Tangible fixed assets -€9,966
no longer reported in 2026 (was €9,966)
of which Furniture and vehicles: -€9,573
- Receivables within one year -€7,481
down €7,481 (-24.8%), from €30,204 to €22,723
of which Trade receivables: -€7,754
- Stocks and contracts +€3,750
up €3,750 (+30.0%), from €12,500 to €16,250
- Other debts -€29,253
down €29,253 (-92.8%), from €31,534 to €2,282
- Accrued charges and deferred income -€2,146
no longer reported in 2026 (was €2,146)
- Trade debts +€2,133
up €2,133 (+188%), from €1,133 to €3,265
- Reserves +€1,105
up €1,105 (+2.4%), from €46,335 to €47,440
- Gross operating margin -€8,976
down €8,976 (-41.2%), from €21,799 to €12,824
- Depreciation -€3,322
down €3,322 (-25.0%), from €13,288 to €9,966
- Taxes -€871
down €871 (-44.3%), from €1,966 to €1,095
- Other operating charges -€537
down €537 (-47.5%), from €1,131 to €593
- Financial income -€428
down €428 (-99.5%), from €430 to €2
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 | €84,319 | €55,487 | -€28,832 | -34.2% |
| Fixed assets | 21/28 | €9,966 | - | -€9,966 | |
| Tangible fixed assets | 22/27 | €9,966 | - | -€9,966 | |
| Plant, machinery and equipment | 23 | €393 | - | -€393 | |
| Furniture and vehicles | 24 | €9,573 | - | -€9,573 | |
| Current assets | 29/58 | €74,354 | €55,487 | -€18,867 | -25.4% |
| Stocks and contracts in progress | 3 | €12,500 | €16,250 | +€3,750 | +30.0% |
| Contracts in progress | 37 | €12,500 | €16,250 | +€3,750 | +30.0% |
| Amounts receivable within one year | 40/41 | €30,204 | €22,723 | -€7,481 | -24.8% |
| Trade receivables | 40 | €28,110 | €20,356 | -€7,754 | -27.6% |
| Other amounts receivable | 41 | €2,094 | €2,368 | +€273 | +13.0% |
| Cash at bank and in hand | 54/58 | €31,649 | €16,513 | -€15,136 | -47.8% |
| Total equity and liabilities | 10/49 | €84,319 | €55,487 | -€28,832 | -34.2% |
| Equity | 10/15 | €48,835 | €49,940 | +€1,105 | +2.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €46,335 | €47,440 | +€1,105 | +2.4% |
| Distributable reserves | 133 | €46,335 | €47,440 | +€1,105 | +2.4% |
| Amounts payable | 17/49 | €35,484 | €5,547 | -€29,938 | -84.4% |
| Amounts payable within one year | 42/48 | €33,338 | €5,547 | -€27,792 | -83.4% |
| Trade debts | 44 | €1,133 | €3,265 | +€2,133 | +188% |
| Suppliers | 440/4 | €1,133 | €3,265 | +€2,133 | +188% |
| Taxes, remuneration and social security | 45 | €672 | - | -€672 | |
| Taxes | 450/3 | €672 | - | -€672 | |
| Other amounts payable | 47/48 | €31,534 | €2,282 | -€29,253 | -92.8% |
| Accrued charges and deferred income | 492/3 | €2,146 | - | -€2,146 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,288 | €9,966 | -€3,322 | -25.0% |
| Other operating charges | 640/8 | €1,131 | €593 | -€537 | -47.5% |
| Gross operating margin | 9900 | €21,799 | €12,824 | -€8,976 | -41.2% |
| Operating profit (loss) | 9901 | €7,381 | €2,265 | -€5,116 | -69.3% |
| Financial income | 75/76B | €430 | €2 | -€428 | -99.5% |
| Recurring financial income | 75 | €430 | €2 | -€428 | -99.5% |
| Financial charges | 65/66B | €60 | €67 | +€7 | +11.4% |
| Recurring financial charges | 65 | €60 | €67 | +€7 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €7,750 | €2,200 | -€5,551 | -71.6% |
| Income taxes | 67/77 | €1,966 | €1,095 | -€871 | -44.3% |
| Profit (loss) for the period | 9904 | €5,785 | €1,105 | -€4,680 | -80.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,785 | €1,105 | -€4,680 | -80.9% |
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 27 October 2026 via checked.be.