POINT MODE: 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.
POINT MODE
Largest movements
- Receivables within one year -€169,693
down €169,693 (-97.2%), from €174,540 to €4,848
of which Other amounts receivable: -€170,325
- Tangible fixed assets -€17,050
down €17,050 (-3.1%), from €546,924 to €529,875
of which Land and buildings: -€17,050
- Deferred charges and accrued income +€7,475
new in 2026: €7,475
- Other debts -€183,168
down €183,168 (-92.0%), from €199,183 to €16,014
- Profit (loss) carried forward +€45,196
up €45,196 (+12.5%), from -€362,129 to -€316,933
- Debts after one year -€37,147
down €37,147 (-9.8%), from €380,496 to €343,349
- Gross operating margin +€3,486
up €3,486 (+4.8%), from €72,711 to €76,197
- Financial charges -€785
down €785 (-8.8%), from €8,941 to €8,156
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 | €746,718 | €563,774 | -€182,943 | -24.5% |
| Formation expenses | 20 | €13,200 | €12,256 | -€943 | -7.1% |
| Fixed assets | 21/28 | €547,354 | €530,305 | -€17,050 | -3.1% |
| Tangible fixed assets | 22/27 | €546,924 | €529,875 | -€17,050 | -3.1% |
| Land and buildings | 22 | €536,824 | €519,775 | -€17,050 | -3.2% |
| Plant, machinery and equipment | 23 | €10,100 | €10,100 | = | 0.0% |
| Financial fixed assets | 28 | €430 | €430 | = | 0.0% |
| Current assets | 29/58 | €186,164 | €21,213 | -€164,950 | -88.6% |
| Amounts receivable within one year | 40/41 | €174,540 | €4,848 | -€169,693 | -97.2% |
| Trade receivables | 40 | €4,215 | €4,848 | +€632 | +15.0% |
| Other amounts receivable | 41 | €170,325 | - | -€170,325 | |
| Cash at bank and in hand | 54/58 | €11,623 | €8,890 | -€2,733 | -23.5% |
| Deferred charges and accrued income | 490/1 | - | €7,475 | +€7,475 | |
| Total equity and liabilities | 10/49 | €746,718 | €563,774 | -€182,943 | -24.5% |
| Equity | 10/15 | €122,041 | €167,236 | +€45,196 | +37.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €97,169 | €97,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,626 | €5,626 | = | 0.0% |
| Legal reserve | 130 | €5,626 | €5,626 | = | 0.0% |
| Distributable reserves | 133 | €91,543 | €91,543 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€362,129 | -€316,933 | +€45,196 | +12.5% |
| Amounts payable | 17/49 | €624,677 | €396,538 | -€228,139 | -36.5% |
| Amounts payable after more than one year | 17 | €380,496 | €343,349 | -€37,147 | -9.8% |
| Financial debts | 170/4 | €380,496 | €343,349 | -€37,147 | -9.8% |
| Amounts payable within one year | 42/48 | €238,600 | €53,161 | -€185,439 | -77.7% |
| Current portion of amounts payable after more than one year | 42 | €36,424 | €37,147 | +€723 | +2.0% |
| Trade debts | 44 | €424 | - | -€424 | |
| Suppliers | 440/4 | €424 | - | -€424 | |
| Taxes, remuneration and social security | 45 | €2,570 | - | -€2,570 | |
| Taxes | 450/3 | €2,570 | - | -€2,570 | |
| Other amounts payable | 47/48 | €199,183 | €16,014 | -€183,168 | -92.0% |
| Accrued charges and deferred income | 492/3 | €5,581 | €28 | -€5,554 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,495 | €17,993 | -€502 | -2.7% |
| Other operating charges | 640/8 | €5,527 | €4,852 | -€675 | -12.2% |
| Gross operating margin | 9900 | €72,711 | €76,197 | +€3,486 | +4.8% |
| Operating profit (loss) | 9901 | €48,689 | €53,352 | +€4,663 | +9.6% |
| Financial charges | 65/66B | €8,941 | €8,156 | -€785 | -8.8% |
| Recurring financial charges | 65 | €8,941 | €8,156 | -€785 | -8.8% |
| Profit (loss) for the period before taxes | 9903 | €39,748 | €45,196 | +€5,448 | +13.7% |
| Profit (loss) for the period | 9904 | €39,748 | €45,196 | +€5,448 | +13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,748 | €45,196 | +€5,448 | +13.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.