PATRICK DESCHREVEL: 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.
PATRICK DESCHREVEL
Largest movements
- Cash +€37,262
up €37,262 (+66.7%), from €55,871 to €93,133
mainly Other debts (+€74,800) and Net result for the year (+€50,604)
- Current investments +€5,000
up €5,000 (+1.6%), from €310,000 to €315,000
- Other debts +€74,800
new in 2026: €74,800
- Reserves -€40,000
down €40,000 (-19.7%), from €203,045 to €163,045
of which Distributable reserves: -€40,000
- Profit (loss) carried forward +€10,604
up €10,604 (+10.4%), from €102,031 to €112,635
- Financial income +€5,692
up €5,692 (+128%), from €4,458 to €10,149
- Gross operating margin +€4,376
up €4,376 (+7.2%), from €60,455 to €64,831
- Taxes +€1,733
up €1,733 (+10.6%), from €16,320 to €18,053
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 | €384,446 | €430,210 | +€45,763 | +11.9% |
| Fixed assets | 21/28 | €5,120 | €8,353 | +€3,232 | +63.1% |
| Tangible fixed assets | 22/27 | €5,120 | €8,353 | +€3,232 | +63.1% |
| Plant, machinery and equipment | 23 | €5,120 | €8,353 | +€3,232 | +63.1% |
| Current assets | 29/58 | €379,326 | €421,857 | +€42,531 | +11.2% |
| Amounts receivable within one year | 40/41 | €9,727 | €10,771 | +€1,044 | +10.7% |
| Other amounts receivable | 41 | €9,727 | €10,771 | +€1,044 | +10.7% |
| Current investments | 50/53 | €310,000 | €315,000 | +€5,000 | +1.6% |
| Cash at bank and in hand | 54/58 | €55,871 | €93,133 | +€37,262 | +66.7% |
| Deferred charges and accrued income | 490/1 | €3,728 | €2,953 | -€774 | -20.8% |
| Total equity and liabilities | 10/49 | €384,446 | €430,210 | +€45,763 | +11.9% |
| Equity | 10/15 | €384,076 | €354,680 | -€29,396 | -7.7% |
| Contributions | 10/11 | €79,000 | €79,000 | = | 0.0% |
| Reserves | 13 | €203,045 | €163,045 | -€40,000 | -19.7% |
| Tax-exempt reserves | 132 | €1,756 | €1,756 | = | 0.0% |
| Distributable reserves | 133 | €201,289 | €161,289 | -€40,000 | -19.9% |
| Profit (loss) carried forward | 14 | €102,031 | €112,635 | +€10,604 | +10.4% |
| Amounts payable | 17/49 | €371 | €75,529 | +€75,159 | +20,283% |
| Amounts payable within one year | 42/48 | €371 | €75,529 | +€75,159 | +20,283% |
| Trade debts | 44 | €371 | €729 | +€359 | +96.8% |
| Suppliers | 440/4 | €371 | €729 | +€359 | +96.8% |
| Other amounts payable | 47/48 | - | €74,800 | +€74,800 | |
| Non-recurring operating income | 76A | €510 | - | -€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,620 | €5,349 | -€271 | -4.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €60,455 | €64,831 | +€4,376 | +7.2% |
| Operating profit (loss) | 9901 | €54,321 | €58,954 | +€4,633 | +8.5% |
| Financial income | 75/76B | €4,458 | €10,149 | +€5,692 | +128% |
| Recurring financial income | 75 | €4,458 | €10,149 | +€5,692 | +128% |
| Financial charges | 65/66B | €274 | €445 | +€171 | +62.5% |
| Recurring financial charges | 65 | €274 | €445 | +€171 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €58,504 | €68,658 | +€10,154 | +17.4% |
| Income taxes | 67/77 | €16,320 | €18,053 | +€1,733 | +10.6% |
| Profit (loss) for the period | 9904 | €42,184 | €50,604 | +€8,421 | +20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €42,184 | €50,604 | +€8,421 | +20.0% |
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 29 October 2026 via checked.be.