Open & Close: 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.
Open & Close
Largest movements
- Tangible fixed assets -€6,396
down €6,396 (-7.6%), from €84,689 to €78,293
of which Land and buildings: -€5,032
- Other debts -€9,493
down €9,493 (-10.0%), from €94,886 to €85,393
- Profit (loss) carried forward +€5,052
up €5,052 (+13.5%), from -€37,289 to -€32,236
- Gross operating margin +€1,095
up €1,095 (+8.2%), from €13,309 to €14,404
- Depreciation -€676
down €676 (-9.6%), from €7,072 to €6,396
- Financial charges -€235
down €235 (-50.4%), from €465 to €231
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 | €87,599 | €81,666 | -€5,934 | -6.8% |
| Fixed assets | 21/28 | €85,175 | €78,779 | -€6,396 | -7.5% |
| Tangible fixed assets | 22/27 | €84,689 | €78,293 | -€6,396 | -7.6% |
| Land and buildings | 22 | €80,631 | €75,599 | -€5,032 | -6.2% |
| Plant, machinery and equipment | 23 | €3,848 | €2,592 | -€1,256 | -32.6% |
| Furniture and vehicles | 24 | €210 | €103 | -€107 | -51.1% |
| Financial fixed assets | 28 | €486 | €486 | = | 0.0% |
| Current assets | 29/58 | €2,424 | €2,887 | +€462 | +19.1% |
| Amounts receivable within one year | 40/41 | €296 | €456 | +€160 | +53.9% |
| Trade receivables | 40 | €296 | €162 | -€135 | -45.4% |
| Other amounts receivable | 41 | - | €294 | +€294 | |
| Cash at bank and in hand | 54/58 | €1,687 | €1,693 | +€6 | +0.3% |
| Deferred charges and accrued income | 490/1 | €441 | €738 | +€297 | +67.2% |
| Total equity and liabilities | 10/49 | €87,599 | €81,666 | -€5,934 | -6.8% |
| Equity | 10/15 | -€12,290 | -€7,237 | +€5,052 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,289 | -€32,236 | +€5,052 | +13.5% |
| Investment grants | 15 | €4,539 | €4,539 | = | 0.0% |
| Amounts payable | 17/49 | €99,889 | €88,903 | -€10,986 | -11.0% |
| Amounts payable within one year | 42/48 | €99,889 | €88,903 | -€10,986 | -11.0% |
| Trade debts | 44 | €4,208 | €3,510 | -€697 | -16.6% |
| Suppliers | 440/4 | €4,208 | €3,510 | -€697 | -16.6% |
| Taxes, remuneration and social security | 45 | €795 | - | -€795 | |
| Taxes | 450/3 | €795 | - | -€795 | |
| Other amounts payable | 47/48 | €94,886 | €85,393 | -€9,493 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,072 | €6,396 | -€676 | -9.6% |
| Other operating charges | 640/8 | €2,582 | €2,726 | +€143 | +5.6% |
| Gross operating margin | 9900 | €13,309 | €14,404 | +€1,095 | +8.2% |
| Operating profit (loss) | 9901 | €3,654 | €5,283 | +€1,628 | +44.6% |
| Financial charges | 65/66B | €465 | €231 | -€235 | -50.4% |
| Recurring financial charges | 65 | €465 | €231 | -€235 | -50.4% |
| Profit (loss) for the period before taxes | 9903 | €3,189 | €5,052 | +€1,863 | +58.4% |
| Profit (loss) for the period | 9904 | €3,189 | €5,052 | +€1,863 | +58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €3,189 | €5,052 | +€1,863 | +58.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.