NEW TURNS: 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 TURNS
Largest movements
- Cash -€31,132
down €31,132 (-46.4%), from €67,105 to €35,973
mainly Contributions, distributions and other (-€30,000) and Tax, wage and social debts (-€23,424)
- Receivables within one year +€3,687
new in 2026: €3,687
- Tangible fixed assets -€1,801
down €1,801 (-28.8%), from €6,245 to €4,444
- Deferred charges and accrued income -€1,763
down €1,763 (-54.8%), from €3,220 to €1,457
- Tax, wage and social debts -€23,424
down €23,424 (-99.7%), from €23,502 to €78
- Profit (loss) carried forward -€4,362
down €4,362 (-25.7%), from €17,000 to €12,638
- Trade debts -€1,962
down €1,962 (-85.0%), from €2,307 to €345
- Other debts -€1,261
down €1,261 (-4.0%), from €31,261 to €30,000
- Gross operating margin -€12,639
down €12,639 (-25.6%), from €49,293 to €36,654
- Taxes -€2,850
down €2,850 (-27.5%), from €10,354 to €7,504
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 | €76,570 | €45,561 | -€31,009 | -40.5% |
| Fixed assets | 21/28 | €6,245 | €4,444 | -€1,801 | -28.8% |
| Tangible fixed assets | 22/27 | €6,245 | €4,444 | -€1,801 | -28.8% |
| Furniture and vehicles | 24 | €6,245 | €4,444 | -€1,801 | -28.8% |
| Current assets | 29/58 | €70,325 | €41,117 | -€29,208 | -41.5% |
| Amounts receivable within one year | 40/41 | - | €3,687 | +€3,687 | |
| Other amounts receivable | 41 | - | €3,687 | +€3,687 | |
| Cash at bank and in hand | 54/58 | €67,105 | €35,973 | -€31,132 | -46.4% |
| Deferred charges and accrued income | 490/1 | €3,220 | €1,457 | -€1,763 | -54.8% |
| Total equity and liabilities | 10/49 | €76,570 | €45,561 | -€31,009 | -40.5% |
| Equity | 10/15 | €19,500 | €15,138 | -€4,362 | -22.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,000 | €12,638 | -€4,362 | -25.7% |
| Amounts payable | 17/49 | €57,070 | €30,423 | -€26,647 | -46.7% |
| Amounts payable within one year | 42/48 | €57,070 | €30,423 | -€26,647 | -46.7% |
| Trade debts | 44 | €2,307 | €345 | -€1,962 | -85.0% |
| Suppliers | 440/4 | €2,307 | €345 | -€1,962 | -85.0% |
| Taxes, remuneration and social security | 45 | €23,502 | €78 | -€23,424 | -99.7% |
| Taxes | 450/3 | €23,502 | €78 | -€23,424 | -99.7% |
| Other amounts payable | 47/48 | €31,261 | €30,000 | -€1,261 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,550 | €1,801 | +€251 | +16.2% |
| Other operating charges | 640/8 | €67 | €509 | +€442 | +660% |
| Gross operating margin | 9900 | €49,293 | €36,654 | -€12,639 | -25.6% |
| Operating profit (loss) | 9901 | €47,676 | €34,344 | -€13,332 | -28.0% |
| Financial income | 75/76B | €5 | €44 | +€39 | +780% |
| Recurring financial income | 75 | €5 | €44 | +€39 | +780% |
| Financial charges | 65/66B | €1,603 | €1,246 | -€357 | -22.3% |
| Recurring financial charges | 65 | €1,603 | €1,246 | -€357 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €46,078 | €33,142 | -€12,936 | -28.1% |
| Income taxes | 67/77 | €10,354 | €7,504 | -€2,850 | -27.5% |
| Profit (loss) for the period | 9904 | €35,724 | €25,638 | -€10,086 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,724 | €25,638 | -€10,086 | -28.2% |
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 24 October 2026 via checked.be.