NANCY MAHAUX: 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.
NANCY MAHAUX
Largest movements
- Receivables within one year -€15,168
down €15,168 (-82.9%), from €18,307 to €3,139
of which Other amounts receivable: -€13,558
- Cash -€9,729
down €9,729 (-41.9%), from €23,219 to €13,490
mainly Net result for the year (-€14,778) and Other debts (-€13,200)
- Tangible fixed assets -€5,309
down €5,309 (-43.8%), from €12,117 to €6,808
of which Furniture and vehicles: -€4,830
- Profit (loss) carried forward -€14,778
down €14,778 (-43.5%), from €33,968 to €19,190
- Other debts -€13,200
no longer reported in 2026 (was €13,200)
- Tax, wage and social debts -€2,730
down €2,730 (-98.7%), from €2,767 to €37
- Accrued charges and deferred income +€1,176
up €1,176 (+300%), from €392 to €1,568
- Trade debts -€736
no longer reported in 2026 (was €736)
- Gross operating margin -€22,216
down €22,216, from €13,138 to -€9,078
- Taxes -€2,973
no longer reported in 2026 (was €2,973)
- Depreciation -€769
down €769 (-12.7%), from €6,078 to €5,309
- Financial income -€412
down €412 (-50.7%), from €812 to €400
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 | €54,063 | €23,795 | -€30,267 | -56.0% |
| Fixed assets | 21/28 | €12,117 | €6,808 | -€5,309 | -43.8% |
| Tangible fixed assets | 22/27 | €12,117 | €6,808 | -€5,309 | -43.8% |
| Plant, machinery and equipment | 23 | €4,021 | €3,542 | -€478 | -11.9% |
| Furniture and vehicles | 24 | €8,096 | €3,266 | -€4,830 | -59.7% |
| Current assets | 29/58 | €41,946 | €16,987 | -€24,959 | -59.5% |
| Amounts receivable within one year | 40/41 | €18,307 | €3,139 | -€15,168 | -82.9% |
| Trade receivables | 40 | €3,090 | €1,480 | -€1,610 | -52.1% |
| Other amounts receivable | 41 | €15,217 | €1,659 | -€13,558 | -89.1% |
| Cash at bank and in hand | 54/58 | €23,219 | €13,490 | -€9,729 | -41.9% |
| Deferred charges and accrued income | 490/1 | €420 | €359 | -€61 | -14.6% |
| Total equity and liabilities | 10/49 | €54,063 | €23,795 | -€30,267 | -56.0% |
| Equity | 10/15 | €36,968 | €22,190 | -€14,778 | -40.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,968 | €19,190 | -€14,778 | -43.5% |
| Amounts payable | 17/49 | €17,095 | €1,605 | -€15,490 | -90.6% |
| Amounts payable within one year | 42/48 | €16,703 | €37 | -€16,666 | -99.8% |
| Trade debts | 44 | €736 | - | -€736 | |
| Suppliers | 440/4 | €736 | - | -€736 | |
| Taxes, remuneration and social security | 45 | €2,767 | €37 | -€2,730 | -98.7% |
| Taxes | 450/3 | €2,767 | €37 | -€2,730 | -98.7% |
| Other amounts payable | 47/48 | €13,200 | - | -€13,200 | |
| Accrued charges and deferred income | 492/3 | €392 | €1,568 | +€1,176 | +300% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,078 | €5,309 | -€769 | -12.7% |
| Other operating charges | 640/8 | €640 | €660 | +€20 | +3.1% |
| Gross operating margin | 9900 | €13,138 | -€9,078 | -€22,216 | |
| Operating profit (loss) | 9901 | €6,421 | -€15,046 | -€21,467 | |
| Financial income | 75/76B | €812 | €400 | -€412 | -50.7% |
| Recurring financial income | 75 | €812 | €400 | -€412 | -50.7% |
| Financial charges | 65/66B | €156 | €132 | -€25 | -15.7% |
| Recurring financial charges | 65 | €156 | €132 | -€25 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €7,076 | -€14,778 | -€21,854 | |
| Income taxes | 67/77 | €2,973 | - | -€2,973 | |
| Profit (loss) for the period | 9904 | €4,103 | -€14,778 | -€18,881 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,103 | -€14,778 | -€18,881 |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.