POSTSCRIPTUM: what changed
POSTSCRIPTUM
Largest movements
- Receivables within one year +€77,050
up €77,050 (+45.1%), from €170,864 to €247,914
of which Trade receivables: +€47,991
- Cash -€29,621
down €29,621 (-47.4%), from €62,475 to €32,853
mainly Receivables within one year (-€77,050) and Deferred charges and accrued income (-€4,058)
- Tangible fixed assets -€13,396
down €13,396 (-28.8%), from €46,462 to €33,065
of which Furniture and vehicles: -€10,339
- Deferred charges and accrued income +€4,058
up €4,058 (+24.3%), from €16,678 to €20,735
- Profit (loss) carried forward +€18,039
up €18,039 (+106%), from €16,997 to €35,036
- Trade debts +€11,807
up €11,807 (+11.7%), from €101,321 to €113,128
- Tax, wage and social debts +€8,244
up €8,244 (+64.0%), from €12,878 to €21,122
of which Taxes: +€7,197
- Gross operating margin +€62,357
up €62,357 (+81.0%), from €76,971 to €139,328
- Staff costs +€5,963
up €5,963 (+9.5%), from €63,002 to €68,965
- Depreciation -€2,560
down €2,560 (-16.0%), from €15,956 to €13,396
- Financial charges +€2,528
up €2,528 (+33.1%), from €7,628 to €10,156
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,423 | €335,513 | +€38,090 | +12.8% |
| Fixed assets | 21/28 | €47,407 | €34,010 | -€13,396 | -28.3% |
| Tangible fixed assets | 22/27 | €46,462 | €33,065 | -€13,396 | -28.8% |
| Plant, machinery and equipment | 23 | €16,134 | €13,077 | -€3,057 | -18.9% |
| Furniture and vehicles | 24 | €30,327 | €19,988 | -€10,339 | -34.1% |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €250,016 | €301,502 | +€51,486 | +20.6% |
| Amounts receivable within one year | 40/41 | €170,864 | €247,914 | +€77,050 | +45.1% |
| Trade receivables | 40 | €135,594 | €183,586 | +€47,991 | +35.4% |
| Other amounts receivable | 41 | €35,269 | €64,328 | +€29,059 | +82.4% |
| Cash at bank and in hand | 54/58 | €62,475 | €32,853 | -€29,621 | -47.4% |
| Deferred charges and accrued income | 490/1 | €16,678 | €20,735 | +€4,058 | +24.3% |
| Total equity and liabilities | 10/49 | €297,423 | €335,513 | +€38,090 | +12.8% |
| Equity | 10/15 | €33,224 | €51,263 | +€18,039 | +54.3% |
| Contributions | 10/11 | €7,700 | €7,700 | = | 0.0% |
| Reserves | 13 | €8,527 | €8,527 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,667 | €6,667 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,997 | €35,036 | +€18,039 | +106% |
| Amounts payable | 17/49 | €264,199 | €284,250 | +€20,051 | +7.6% |
| Amounts payable within one year | 42/48 | €264,199 | €284,250 | +€20,051 | +7.6% |
| Financial debts | 43 | €150,000 | €150,000 | = | 0.0% |
| Credit institutions | 430/8 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €101,321 | €113,128 | +€11,807 | +11.7% |
| Suppliers | 440/4 | €101,321 | €113,128 | +€11,807 | +11.7% |
| Taxes, remuneration and social security | 45 | €12,878 | €21,122 | +€8,244 | +64.0% |
| Taxes | 450/3 | €3,384 | €10,581 | +€7,197 | +213% |
| Remuneration and social security | 454/9 | €9,494 | €10,541 | +€1,048 | +11.0% |
| Remuneration, social security and pensions | 62 | €63,002 | €68,965 | +€5,963 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,956 | €13,396 | -€2,560 | -16.0% |
| Other operating charges | 640/8 | €23,022 | €22,675 | -€346 | -1.5% |
| Non-recurring operating charges | 66A | - | €6,145 | +€6,145 | |
| Gross operating margin | 9900 | €76,971 | €139,328 | +€62,357 | +81.0% |
| Operating profit (loss) | 9901 | -€25,010 | €28,146 | +€53,155 | |
| Financial income | 75/76B | €1,228 | €49 | -€1,178 | -96.0% |
| Recurring financial income | 75 | €1,228 | €49 | -€1,178 | -96.0% |
| Financial charges | 65/66B | €7,628 | €10,156 | +€2,528 | +33.1% |
| Recurring financial charges | 65 | €7,628 | €10,156 | +€2,528 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€31,410 | €18,039 | +€49,449 | |
| Profit (loss) for the period | 9904 | -€31,410 | €18,039 | +€49,449 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,410 | €18,039 | +€49,449 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.