OUTGROW: 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.
OUTGROW
Largest movements
- Receivables within one year -€17,399
down €17,399 (-76.8%), from €22,656 to €5,257
of which Trade receivables: -€17,816
- Cash -€6,013
down €6,013 (-12.3%), from €48,932 to €42,919
mainly Accrued charges and deferred income (-€16,300) and Trade debts (-€11,718)
- Intangible fixed assets +€2,982
up €2,982 (+188%), from €1,585 to €4,567
- Tangible fixed assets -€1,088
down €1,088 (-15.8%), from €6,870 to €5,783
of which Furniture and vehicles: -€2,382
- Deferred charges and accrued income -€932
no longer reported in 2026 (was €932)
- Accrued charges and deferred income -€16,300
no longer reported in 2026 (was €16,300)
- Trade debts -€11,718
down €11,718 (-76.8%), from €15,257 to €3,539
- Reserves +€6,746
up €6,746 (+30.0%), from €22,452 to €29,198
- Tax, wage and social debts -€4,822
down €4,822 (-57.2%), from €8,428 to €3,606
- Other debts +€2,771
up €2,771 (+28.9%), from €9,600 to €12,371
- Gross operating margin +€6,238
up €6,238 (+69.3%), from €8,998 to €15,236
- Write-downs +€5,645
no longer reported in 2026 (was -€5,645)
- Financial income -€1,171
down €1,171 (-58.6%), from €1,997 to €826
- Depreciation +€788
up €788 (+64.8%), from €1,217 to €2,006
- Financial charges -€670
down €670 (-43.0%), from €1,560 to €890
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 | €84,556 | €61,233 | -€23,323 | -27.6% |
| Fixed assets | 21/28 | €8,455 | €10,350 | +€1,894 | +22.4% |
| Intangible fixed assets | 21 | €1,585 | €4,567 | +€2,982 | +188% |
| Tangible fixed assets | 22/27 | €6,870 | €5,783 | -€1,088 | -15.8% |
| Plant, machinery and equipment | 23 | - | €1,655 | +€1,655 | |
| Furniture and vehicles | 24 | €4,208 | €1,826 | -€2,382 | -56.6% |
| Other tangible fixed assets | 26 | €2,662 | €2,302 | -€360 | -13.5% |
| Current assets | 29/58 | €76,100 | €50,883 | -€25,217 | -33.1% |
| Stocks and contracts in progress | 3 | €3,580 | €2,707 | -€873 | -24.4% |
| Stocks | 30/36 | €3,580 | €2,707 | -€873 | -24.4% |
| Amounts receivable within one year | 40/41 | €22,656 | €5,257 | -€17,399 | -76.8% |
| Trade receivables | 40 | €22,656 | €4,840 | -€17,816 | -78.6% |
| Other amounts receivable | 41 | - | €417 | +€417 | |
| Cash at bank and in hand | 54/58 | €48,932 | €42,919 | -€6,013 | -12.3% |
| Deferred charges and accrued income | 490/1 | €932 | - | -€932 | |
| Total equity and liabilities | 10/49 | €84,556 | €61,233 | -€23,323 | -27.6% |
| Equity | 10/15 | €34,970 | €41,716 | +€6,746 | +19.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,452 | €29,198 | +€6,746 | +30.0% |
| Distributable reserves | 133 | €22,452 | €29,198 | +€6,746 | +30.0% |
| Profit (loss) carried forward | 14 | €8,518 | €8,518 | = | 0.0% |
| Amounts payable | 17/49 | €49,586 | €19,517 | -€30,069 | -60.6% |
| Amounts payable within one year | 42/48 | €33,286 | €19,517 | -€13,769 | -41.4% |
| Trade debts | 44 | €15,257 | €3,539 | -€11,718 | -76.8% |
| Suppliers | 440/4 | €15,257 | €3,539 | -€11,718 | -76.8% |
| Taxes, remuneration and social security | 45 | €8,428 | €3,606 | -€4,822 | -57.2% |
| Taxes | 450/3 | €8,428 | €3,606 | -€4,822 | -57.2% |
| Other amounts payable | 47/48 | €9,600 | €12,371 | +€2,771 | +28.9% |
| Accrued charges and deferred income | 492/3 | €16,300 | - | -€16,300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,217 | €2,006 | +€788 | +64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,645 | - | +€5,645 | |
| Other operating charges | 640/8 | €658 | €1,094 | +€436 | +66.3% |
| Gross operating margin | 9900 | €8,998 | €15,236 | +€6,238 | +69.3% |
| Operating profit (loss) | 9901 | €12,768 | €12,137 | -€631 | -4.9% |
| Financial income | 75/76B | €1,997 | €826 | -€1,171 | -58.6% |
| Recurring financial income | 75 | €1,997 | €826 | -€1,171 | -58.6% |
| Financial charges | 65/66B | €1,560 | €890 | -€670 | -43.0% |
| Recurring financial charges | 65 | €1,560 | €890 | -€670 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €13,205 | €12,073 | -€1,132 | -8.6% |
| Income taxes | 67/77 | €4,891 | €5,327 | +€436 | +8.9% |
| Profit (loss) for the period | 9904 | €8,313 | €6,746 | -€1,567 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,313 | €6,746 | -€1,567 | -18.9% |
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 30 October 2026 via checked.be.