PLAN D: 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.
PLAN D
Largest movements
- Receivables after one year -€101,700
down €101,700 (-100.0%), from €101,700 to €0
- Tangible fixed assets +€47,121
up €47,121 (+42.9%), from €109,932 to €157,053
of which Furniture and vehicles: +€49,464
- Cash +€30,504
up €30,504 (+18.7%), from €163,248 to €193,752
mainly Net result for the year (+€127,431) and Receivables after one year (+€101,700)
- Reserves -€38,361
down €38,361 (-9.2%), from €419,117 to €380,756
- Tax, wage and social debts +€20,257
up €20,257 (+290.7%), from €6,968 to €27,225
of which Taxes: +€20,257
- Gross operating margin +€71,533
up €71,533 (+55.7%), from €128,487 to €200,020
- Taxes +€17,822
up €17,822 (+51.0%), from €34,930 to €52,752
- Depreciation +€5,942
up €5,942 (+37.0%), from €16,077 to €22,018
- Financial income -€3,999
down €3,999 (-52.7%), from €7,594 to €3,595
- Write-downs +€3,560
up €3,560, from -€3,560 to €0
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 | €448,135 | €424,240 | -€23,894 | -5.3% |
| Fixed assets | 21/28 | €109,987 | €157,108 | +€47,121 | +42.8% |
| Tangible fixed assets | 22/27 | €109,932 | €157,053 | +€47,121 | +42.9% |
| Land and buildings | 22 | €93,686 | €91,344 | -€2,343 | -2.5% |
| Furniture and vehicles | 24 | €16,246 | €65,709 | +€49,464 | +304.5% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €338,148 | €267,133 | -€71,015 | -21.0% |
| Amounts receivable after more than one year | 29 | €101,700 | €0 | -€101,700 | -100.0% |
| Other amounts receivable | 291 | €101,700 | €0 | -€101,700 | -100.0% |
| Stocks and contracts in progress | 3 | €249 | €143 | -€106 | -42.7% |
| Stocks | 30/36 | €249 | €143 | -€106 | -42.7% |
| Amounts receivable within one year | 40/41 | €65,441 | €66,972 | +€1,531 | +2.3% |
| Trade receivables | 40 | €60,371 | €66,972 | +€6,601 | +10.9% |
| Other amounts receivable | 41 | €5,070 | €0 | -€5,070 | -100.0% |
| Cash at bank and in hand | 54/58 | €163,248 | €193,752 | +€30,504 | +18.7% |
| Deferred charges and accrued income | 490/1 | €7,510 | €6,267 | -€1,244 | -16.6% |
| Total equity and liabilities | 10/49 | €448,135 | €424,240 | -€23,894 | -5.3% |
| Equity | 10/15 | €425,317 | €386,956 | -€38,361 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €419,117 | €380,756 | -€38,361 | -9.2% |
| Distributable reserves | 133 | €419,117 | €380,756 | -€38,361 | -9.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,817 | €37,284 | +€14,467 | +63.4% |
| Amounts payable within one year | 42/48 | €22,817 | €37,284 | +€14,467 | +63.4% |
| Trade debts | 44 | €13,468 | €9,738 | -€3,729 | -27.7% |
| Suppliers | 440/4 | €13,468 | €9,738 | -€3,729 | -27.7% |
| Advances received on contracts in progress | 46 | €2,061 | €0 | -€2,061 | -100.0% |
| Taxes, remuneration and social security | 45 | €6,968 | €27,225 | +€20,257 | +290.7% |
| Taxes | 450/3 | €4,468 | €24,725 | +€20,257 | +453.4% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €321 | €321 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,077 | €22,018 | +€5,942 | +37.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,560 | €0 | +€3,560 | |
| Other operating charges | 640/8 | €4,768 | €1,366 | -€3,402 | -71.4% |
| Gross operating margin | 9900 | €128,487 | €200,020 | +€71,533 | +55.7% |
| Operating profit (loss) | 9901 | €111,203 | €176,636 | +€65,433 | +58.8% |
| Financial income | 75/76B | €7,594 | €3,595 | -€3,999 | -52.7% |
| Recurring financial income | 75 | €7,594 | €3,595 | -€3,999 | -52.7% |
| Financial charges | 65/66B | €47 | €48 | +€0 | +0.8% |
| Recurring financial charges | 65 | €47 | €48 | +€0 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €118,750 | €180,183 | +€61,433 | +51.7% |
| Income taxes | 67/77 | €34,930 | €52,752 | +€17,822 | +51.0% |
| Profit (loss) for the period | 9904 | €83,819 | €127,431 | +€43,611 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,819 | €127,431 | +€43,611 | +52.0% |
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 30 September 2026 via checked.be.