POINTED: 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.
POINTED
Largest movements
- Receivables within one year +€234,427
up €234,427 (+291%), from €80,600 to €315,027
of which Trade receivables: +€233,234
- Stocks and contracts +€108,326
up €108,326 (+36.8%), from €294,090 to €402,416
- Cash -€59,750
down €59,750 (-56.2%), from €106,231 to €46,480
mainly Receivables within one year (-€234,427) and Stocks and contracts (-€108,326)
- Tangible fixed assets +€15,473
up €15,473 (+5.0%), from €307,821 to €323,294
of which Furniture and vehicles: +€18,349
- Deferred charges and accrued income -€11,558
down €11,558 (-92.1%), from €12,545 to €987
- Profit (loss) carried forward +€283,472
up €283,472 (+65.6%), from -€432,068 to -€148,596
- Trade debts +€22,804
up €22,804 (+51.3%), from €44,419 to €67,223
- Debts after one year -€16,685
down €16,685 (-48.2%), from €34,640 to €17,955
- Gross operating margin +€264,326
up €264,326 (+194%), from €136,261 to €400,586
- Write-downs -€83,567
down €83,567, from €11,154 to -€72,413
- Staff costs -€18,152
down €18,152 (-10.8%), from €168,053 to €149,901
- Financial charges -€6,781
down €6,781 (-29.1%), from €23,271 to €16,490
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 | €804,746 | €1,091,664 | +€286,918 | +35.7% |
| Fixed assets | 21/28 | €311,281 | €326,754 | +€15,473 | +5.0% |
| Tangible fixed assets | 22/27 | €307,821 | €323,294 | +€15,473 | +5.0% |
| Land and buildings | 22 | €240,452 | €239,091 | -€1,362 | -0.6% |
| Plant, machinery and equipment | 23 | €23,865 | €22,352 | -€1,514 | -6.3% |
| Furniture and vehicles | 24 | €43,504 | €61,852 | +€18,349 | +42.2% |
| Financial fixed assets | 28 | €3,460 | €3,460 | = | 0.0% |
| Current assets | 29/58 | €493,465 | €764,910 | +€271,445 | +55.0% |
| Stocks and contracts in progress | 3 | €294,090 | €402,416 | +€108,326 | +36.8% |
| Stocks | 30/36 | €294,090 | €402,416 | +€108,326 | +36.8% |
| Amounts receivable within one year | 40/41 | €80,600 | €315,027 | +€234,427 | +291% |
| Trade receivables | 40 | €72,163 | €305,396 | +€233,234 | +323% |
| Other amounts receivable | 41 | €8,437 | €9,631 | +€1,194 | +14.1% |
| Cash at bank and in hand | 54/58 | €106,231 | €46,480 | -€59,750 | -56.2% |
| Deferred charges and accrued income | 490/1 | €12,545 | €987 | -€11,558 | -92.1% |
| Total equity and liabilities | 10/49 | €804,746 | €1,091,664 | +€286,918 | +35.7% |
| Equity | 10/15 | €663,351 | €946,824 | +€283,472 | +42.7% |
| Contributions | 10/11 | €1,061,500 | €1,061,500 | = | 0.0% |
| Capital | 10 | €1,061,500 | €1,061,500 | = | 0.0% |
| Issued capital | 100 | €1,061,500 | €1,061,500 | = | 0.0% |
| Reserves | 13 | €33,919 | €33,919 | = | 0.0% |
| Non-distributable reserves | 130/1 | €33,919 | €33,919 | = | 0.0% |
| Legal reserve | 130 | €33,919 | €33,919 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€432,068 | -€148,596 | +€283,472 | +65.6% |
| Amounts payable | 17/49 | €141,394 | €144,841 | +€3,446 | +2.4% |
| Amounts payable after more than one year | 17 | €34,640 | €17,955 | -€16,685 | -48.2% |
| Financial debts | 170/4 | €34,640 | €17,955 | -€16,685 | -48.2% |
| Amounts payable within one year | 42/48 | €106,754 | €126,885 | +€20,132 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €16,598 | €17,120 | +€522 | +3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €44,419 | €67,223 | +€22,804 | +51.3% |
| Suppliers | 440/4 | €44,419 | €67,223 | +€22,804 | +51.3% |
| Advances received on contracts in progress | 46 | €18,643 | €16,777 | -€1,865 | -10.0% |
| Taxes, remuneration and social security | 45 | €18,754 | €17,678 | -€1,075 | -5.7% |
| Taxes | 450/3 | €156 | €15 | -€141 | -90.5% |
| Remuneration and social security | 454/9 | €18,598 | €17,664 | -€934 | -5.0% |
| Other amounts payable | 47/48 | €8,341 | €8,087 | -€254 | -3.0% |
| Non-recurring operating income | 76A | €3,327 | €0 | -€3,327 | -100% |
| Remuneration, social security and pensions | 62 | €168,053 | €149,901 | -€18,152 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,118 | €16,508 | -€1,610 | -8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,154 | -€72,413 | -€83,567 | |
| Other operating charges | 640/8 | €8,938 | €9,066 | +€127 | +1.4% |
| Gross operating margin | 9900 | €136,261 | €400,586 | +€264,326 | +194% |
| Operating profit (loss) | 9901 | -€70,003 | €297,524 | +€367,527 | |
| Financial income | 75/76B | €1,374 | €2,453 | +€1,079 | +78.6% |
| Recurring financial income | 75 | €1,374 | €2,453 | +€1,079 | +78.6% |
| Financial charges | 65/66B | €23,271 | €16,490 | -€6,781 | -29.1% |
| Recurring financial charges | 65 | €23,271 | €16,490 | -€6,781 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | -€91,900 | €283,487 | +€375,387 | |
| Income taxes | 67/77 | €7 | €15 | +€8 | +122% |
| Profit (loss) for the period | 9904 | -€91,907 | €283,472 | +€375,379 | |
| Profit (loss) for the period to be appropriated | 9905 | -€91,907 | €283,472 | +€375,379 |
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 19 October 2026 via checked.be.