NEXT STEP: what changed
Two fiscal 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.
NEXT STEP
Largest movements
- Receivables within one year +€42,743
up €42,743 (+480.5%), from €8,896 to €51,639
of which Other amounts receivable: +€22,143
- Cash +€6,427
new in 2026: €6,427
mainly Net result for the year (+€41,987) and Trade debts (+€11,112)
- Deferred charges and accrued income -€1,596
down €1,596 (-36.9%), from €4,320 to €2,724
- Tangible fixed assets +€1,091
new in 2026: €1,091
- Profit (loss) carried forward +€17,026
no longer reported in 2026 (was -€17,026)
- Trade debts +€11,112
up €11,112 (+8174.4%), from €136 to €11,247
- Reserves +€10,675
up €10,675 (+574.2%), from €1,859 to €12,534
of which Distributable reserves: +€10,675
- Tax, wage and social debts +€8,067
up €8,067 (+619.5%), from €1,302 to €9,369
- Other debts +€2,792
up €2,792 (+38.0%), from €7,345 to €10,137
- Gross operating margin +€53,625
up €53,625 (+11185.6%), from €479 to €54,104
- Taxes +€12,452
up €12,452, from €0 to €12,452
- Financial income +€786
up €786 (+284.2%), from €277 to €1,063
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.
Cash bridge derived
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 | €13,216 | €61,880 | +€48,664 | +368.2% |
| Fixed assets | 21/28 | - | €1,091 | +€1,091 | |
| Tangible fixed assets | 22/27 | - | €1,091 | +€1,091 | |
| Furniture and vehicles | 24 | - | €1,091 | +€1,091 | |
| Current assets | 29/58 | €13,216 | €60,790 | +€47,573 | +360.0% |
| Amounts receivable within one year | 40/41 | €8,896 | €51,639 | +€42,743 | +480.5% |
| Trade receivables | 40 | - | €20,600 | +€20,600 | |
| Other amounts receivable | 41 | €8,896 | €31,039 | +€22,143 | +248.9% |
| Cash at bank and in hand | 54/58 | - | €6,427 | +€6,427 | |
| Deferred charges and accrued income | 490/1 | €4,320 | €2,724 | -€1,596 | -36.9% |
| Total equity and liabilities | 10/49 | €13,216 | €61,880 | +€48,664 | +368.2% |
| Equity | 10/15 | €3,425 | €31,126 | +€27,701 | +808.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €12,534 | +€10,675 | +574.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €10,675 | +€10,675 | |
| Profit (loss) carried forward | 14 | -€17,026 | - | +€17,026 | |
| Amounts payable | 17/49 | €9,791 | €30,754 | +€20,963 | +214.1% |
| Amounts payable within one year | 42/48 | €8,791 | €30,754 | +€21,963 | +249.8% |
| Financial debts | 43 | €8 | - | -€8 | |
| Other loans | 439 | €8 | - | -€8 | |
| Trade debts | 44 | €136 | €11,247 | +€11,112 | +8174.4% |
| Suppliers | 440/4 | €136 | €11,247 | +€11,112 | +8174.4% |
| Taxes, remuneration and social security | 45 | €1,302 | €9,369 | +€8,067 | +619.5% |
| Taxes | 450/3 | €1,302 | €9,369 | +€8,067 | +619.5% |
| Other amounts payable | 47/48 | €7,345 | €10,137 | +€2,792 | +38.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €159 | +€159 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €479 | €54,104 | +€53,625 | +11185.6% |
| Operating profit (loss) | 9901 | €92 | €53,546 | +€53,454 | +58057.7% |
| Financial income | 75/76B | €277 | €1,063 | +€786 | +284.2% |
| Recurring financial income | 75 | €277 | €1,063 | +€786 | +284.2% |
| Financial charges | 65/66B | €393 | €169 | -€223 | -56.9% |
| Recurring financial charges | 65 | €393 | €169 | -€223 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | -€24 | €54,439 | +€54,463 | |
| Income taxes | 67/77 | €0 | €12,452 | +€12,452 | |
| Profit (loss) for the period | 9904 | -€24 | €41,987 | +€42,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24 | €41,987 | +€42,011 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.