NO. 13: 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.
NO. 13
Largest movements
- Tangible fixed assets -€13,633
down €13,633 (-100.0%), from €13,633 to €0
of which Furniture and vehicles: -€8,742
- Formation expenses -€8,123
down €8,123 (-100.0%), from €8,123 to €0
- Cash -€4,761
down €4,761 (-99.8%), from €4,770 to €8
mainly Other debts (-€20,938) and Trade debts (-€6,148)
- Deferred charges and accrued income -€1,435
down €1,435 (-31.7%), from €4,526 to €3,091
- Other debts -€20,938
down €20,938 (-53.0%), from €39,497 to €18,559
- Trade debts -€6,148
down €6,148 (-99.8%), from €6,161 to €13
- Accrued charges and deferred income -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Gross operating margin +€32,791
up €32,791, from -€11,648 to €21,144
- Financial charges -€397
down €397 (-61.1%), from €650 to €253
- Other operating charges +€224
up €224 (+33.0%), from €679 to €903
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 | €37,543 | €9,601 | -€27,942 | -74.4% |
| Formation expenses | 20 | €8,123 | €0 | -€8,123 | -100.0% |
| Fixed assets | 21/28 | €13,633 | €0 | -€13,633 | -100.0% |
| Tangible fixed assets | 22/27 | €13,633 | €0 | -€13,633 | -100.0% |
| Plant, machinery and equipment | 23 | €1,704 | €0 | -€1,704 | -100.0% |
| Furniture and vehicles | 24 | €8,742 | €0 | -€8,742 | -100.0% |
| Other tangible fixed assets | 26 | €3,188 | €0 | -€3,188 | -100.0% |
| Current assets | 29/58 | €15,786 | €9,601 | -€6,185 | -39.2% |
| Amounts receivable within one year | 40/41 | €6,491 | €6,502 | +€11 | +0.2% |
| Trade receivables | 40 | €6,417 | €6,502 | +€84 | +1.3% |
| Other amounts receivable | 41 | €73 | €0 | -€73 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,770 | €8 | -€4,761 | -99.8% |
| Deferred charges and accrued income | 490/1 | €4,526 | €3,091 | -€1,435 | -31.7% |
| Total equity and liabilities | 10/49 | €37,543 | €9,601 | -€27,942 | -74.4% |
| Equity | 10/15 | -€14,036 | -€14,235 | -€200 | -1.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,036 | -€19,235 | -€200 | -1.0% |
| Amounts payable | 17/49 | €51,578 | €23,836 | -€27,742 | -53.8% |
| Amounts payable within one year | 42/48 | €50,578 | €23,836 | -€26,742 | -52.9% |
| Trade debts | 44 | €6,161 | €13 | -€6,148 | -99.8% |
| Suppliers | 440/4 | €6,161 | €13 | -€6,148 | -99.8% |
| Taxes, remuneration and social security | 45 | €4,921 | €5,265 | +€344 | +7.0% |
| Taxes | 450/3 | €3,907 | €5,265 | +€1,358 | +34.8% |
| Remuneration and social security | 454/9 | €1,014 | €0 | -€1,014 | -100.0% |
| Other amounts payable | 47/48 | €39,497 | €18,559 | -€20,938 | -53.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | €0 | -€1,000 | -100.0% |
| Non-recurring operating income | 76A | - | €5,938 | +€5,938 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,967 | €6,172 | +€205 | +3.4% |
| Other operating charges | 640/8 | €679 | €903 | +€224 | +33.0% |
| Non-recurring operating charges | 66A | - | €13,880 | +€13,880 | |
| Gross operating margin | 9900 | -€11,648 | €21,144 | +€32,791 | |
| Operating profit (loss) | 9901 | -€18,294 | €188 | +€18,482 | |
| Financial charges | 65/66B | €650 | €253 | -€397 | -61.1% |
| Recurring financial charges | 65 | €650 | €253 | -€397 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,943 | -€65 | +€18,879 | +99.7% |
| Income taxes | 67/77 | €92 | €135 | +€43 | +46.4% |
| Profit (loss) for the period | 9904 | -€19,036 | -€200 | +€18,836 | +99.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,036 | -€200 | +€18,836 | +99.0% |
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 11 October 2026 via checked.be.