Optimized Financial Flows: 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.
Optimized Financial Flows
Largest movements
- Cash +€11,197
up €11,197 (+18.2%), from €61,394 to €72,591
mainly Net result for the year (+€80,438) and Other debts (+€15,815)
- Receivables within one year +€2,958
up €2,958 (+478.0%), from €619 to €3,577
of which Trade receivables: +€1,703
- Other debts +€15,815
up €15,815 (+21.4%), from €73,773 to €89,588
- Tax, wage and social debts -€1,100
no longer reported in 2026 (was €1,100)
- Gross operating margin +€8,677
up €8,677 (+8.7%), from €100,063 to €108,740
- Taxes +€1,211
up €1,211 (+5.5%), from €21,915 to €23,126
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 | €81,590 | €96,470 | +€14,880 | +18.2% |
| Fixed assets | 21/28 | €18,725 | €19,507 | +€783 | +4.2% |
| Tangible fixed assets | 22/27 | €18,725 | €19,507 | +€783 | +4.2% |
| Plant, machinery and equipment | 23 | €8,440 | €5,396 | -€3,044 | -36.1% |
| Furniture and vehicles | 24 | - | €5,109 | +€5,109 | |
| Other tangible fixed assets | 26 | €10,284 | €9,003 | -€1,282 | -12.5% |
| Current assets | 29/58 | €62,866 | €76,963 | +€14,097 | +22.4% |
| Amounts receivable within one year | 40/41 | €619 | €3,577 | +€2,958 | +478.0% |
| Trade receivables | 40 | - | €1,703 | +€1,703 | |
| Other amounts receivable | 41 | €619 | €1,874 | +€1,255 | +202.8% |
| Cash at bank and in hand | 54/58 | €61,394 | €72,591 | +€11,197 | +18.2% |
| Deferred charges and accrued income | 490/1 | €853 | €795 | -€58 | -6.8% |
| Total equity and liabilities | 10/49 | €81,590 | €96,470 | +€14,880 | +18.2% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €76,590 | €91,470 | +€14,880 | +19.4% |
| Amounts payable within one year | 42/48 | €76,590 | €90,798 | +€14,208 | +18.6% |
| Trade debts | 44 | €1,717 | €1,210 | -€507 | -29.5% |
| Suppliers | 440/4 | €1,717 | €1,210 | -€507 | -29.5% |
| Taxes, remuneration and social security | 45 | €1,100 | - | -€1,100 | |
| Taxes | 450/3 | €1,100 | - | -€1,100 | |
| Other amounts payable | 47/48 | €73,773 | €89,588 | +€15,815 | +21.4% |
| Accrued charges and deferred income | 492/3 | - | €672 | +€672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,107 | €4,847 | +€740 | +18.0% |
| Other operating charges | 640/8 | €271 | €273 | +€2 | +0.7% |
| Gross operating margin | 9900 | €100,063 | €108,740 | +€8,677 | +8.7% |
| Operating profit (loss) | 9901 | €95,685 | €103,619 | +€7,935 | +8.3% |
| Financial income | 75/76B | €56 | €0 | -€56 | -100.0% |
| Recurring financial income | 75 | €56 | €0 | -€56 | -100.0% |
| Financial charges | 65/66B | €53 | €55 | +€3 | +4.8% |
| Recurring financial charges | 65 | €53 | €55 | +€3 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €95,688 | €103,564 | +€7,876 | +8.2% |
| Income taxes | 67/77 | €21,915 | €23,126 | +€1,211 | +5.5% |
| Profit (loss) for the period | 9904 | €73,773 | €80,438 | +€6,665 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,773 | €80,438 | +€6,665 | +9.0% |
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 1 October 2026 via checked.be.