NEW IMPACT: 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.
NEW IMPACT
Largest movements
- Receivables within one year -€241,574
down €241,574 (-47.4%), from €510,124 to €268,550
of which Trade receivables: -€239,789
- Cash +€19,384
up €19,384 (+31.4%), from €61,698 to €81,082
mainly Receivables within one year (+€241,574) and Depreciation (+€4,944)
- Tangible fixed assets -€7,369
down €7,369 (-80.5%), from €9,149 to €1,780
of which Furniture and vehicles: -€4,815
- Trade debts -€118,562
down €118,562 (-41.9%), from €282,688 to €164,126
- Tax, wage and social debts -€55,829
down €55,829 (-99.7%), from €55,972 to €143
of which Remuneration and social security: -€30,585
- Other debts -€26,055
down €26,055 (-73.3%), from €35,559 to €9,504
- Profit (loss) carried forward -€22,307
down €22,307 (-18.5%), from €120,737 to €98,429
- Debts after one year -€7,289
down €7,289 (-66.2%), from €11,009 to €3,720
- Gross operating margin -€158,378
down €158,378 (-87.5%), from €181,101 to €22,723
- Staff costs -€153,881
down €153,881 (-89.8%), from €171,412 to €17,531
- Financial income -€10,965
down €10,965 (-100.0%), from €10,970 to €5
- Depreciation -€5,215
down €5,215 (-51.3%), from €10,159 to €4,944
- Taxes -€3,731
no longer reported in 2026 (was €3,731)
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 | €582,338 | €351,412 | -€230,926 | -39.7% |
| Fixed assets | 21/28 | €9,149 | €1,780 | -€7,369 | -80.5% |
| Tangible fixed assets | 22/27 | €9,149 | €1,780 | -€7,369 | -80.5% |
| Plant, machinery and equipment | 23 | €3,562 | €1,008 | -€2,555 | -71.7% |
| Furniture and vehicles | 24 | €5,587 | €772 | -€4,815 | -86.2% |
| Current assets | 29/58 | €573,188 | €349,632 | -€223,557 | -39.0% |
| Amounts receivable within one year | 40/41 | €510,124 | €268,550 | -€241,574 | -47.4% |
| Trade receivables | 40 | €358,339 | €118,550 | -€239,789 | -66.9% |
| Other amounts receivable | 41 | €151,785 | €150,000 | -€1,785 | -1.2% |
| Cash at bank and in hand | 54/58 | €61,698 | €81,082 | +€19,384 | +31.4% |
| Deferred charges and accrued income | 490/1 | €1,366 | - | -€1,366 | |
| Total equity and liabilities | 10/49 | €582,338 | €351,412 | -€230,926 | -39.7% |
| Equity | 10/15 | €188,937 | €166,629 | -€22,307 | -11.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,737 | €98,429 | -€22,307 | -18.5% |
| Amounts payable | 17/49 | €393,401 | €184,782 | -€208,619 | -53.0% |
| Amounts payable after more than one year | 17 | €11,009 | €3,720 | -€7,289 | -66.2% |
| Financial debts | 170/4 | €11,009 | €3,720 | -€7,289 | -66.2% |
| Amounts payable within one year | 42/48 | €382,392 | €181,062 | -€201,330 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €7,091 | €7,289 | +€197 | +2.8% |
| Financial debts | 43 | €1,081 | - | -€1,081 | |
| Credit institutions | 430/8 | €1,081 | - | -€1,081 | |
| Trade debts | 44 | €282,688 | €164,126 | -€118,562 | -41.9% |
| Suppliers | 440/4 | €282,688 | €164,126 | -€118,562 | -41.9% |
| Taxes, remuneration and social security | 45 | €55,972 | €143 | -€55,829 | -99.7% |
| Taxes | 450/3 | €25,387 | €143 | -€25,245 | -99.4% |
| Remuneration and social security | 454/9 | €30,585 | - | -€30,585 | |
| Other amounts payable | 47/48 | €35,559 | €9,504 | -€26,055 | -73.3% |
| Remuneration, social security and pensions | 62 | €171,412 | €17,531 | -€153,881 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,159 | €4,944 | -€5,215 | -51.3% |
| Other operating charges | 640/8 | €865 | €254 | -€611 | -70.7% |
| Non-recurring operating charges | 66A | - | €20,487 | +€20,487 | |
| Gross operating margin | 9900 | €181,101 | €22,723 | -€158,378 | -87.5% |
| Operating profit (loss) | 9901 | -€1,335 | -€20,494 | -€19,158 | -1,435% |
| Financial income | 75/76B | €10,970 | €5 | -€10,965 | -100.0% |
| Recurring financial income | 75 | €10,970 | €5 | -€10,965 | -100.0% |
| Financial charges | 65/66B | €1,682 | €1,819 | +€137 | +8.2% |
| Recurring financial charges | 65 | €1,682 | €1,819 | +€137 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €7,953 | -€22,307 | -€30,261 | |
| Income taxes | 67/77 | €3,731 | - | -€3,731 | |
| Profit (loss) for the period | 9904 | €4,223 | -€22,307 | -€26,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,223 | -€22,307 | -€26,530 |
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.