PRO +: 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.
PRO +
Largest movements
- Current investments +€42,973
up €42,973 (+204.4%), from €21,027 to €64,000
- Tangible fixed assets -€6,251
down €6,251 (-5.5%), from €113,479 to €107,228
of which Land and buildings: -€6,012
- Deferred charges and accrued income +€5,475
up €5,475 (+94.2%), from €5,814 to €11,289
- Receivables within one year -€4,000
down €4,000 (-9.5%), from €41,920 to €37,921
of which Trade receivables: -€9,455
- Reserves +€49,286
up €49,286 (+42.7%), from €115,543 to €164,829
- Debts after one year -€12,207
down €12,207 (-22.8%), from €53,457 to €41,250
- Gross operating margin +€39,825
up €39,825 (+68.8%), from €57,905 to €97,730
- Taxes +€12,685
up €12,685 (+95.2%), from €13,331 to €26,017
- Financial charges +€1,405
up €1,405 (+56.0%), from €2,509 to €3,914
- Depreciation -€1,227
down €1,227 (-14.2%), from €8,644 to €7,417
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 | €203,825 | €241,656 | +€37,831 | +18.6% |
| Fixed assets | 21/28 | €113,479 | €107,228 | -€6,251 | -5.5% |
| Tangible fixed assets | 22/27 | €113,479 | €107,228 | -€6,251 | -5.5% |
| Land and buildings | 22 | €109,093 | €103,081 | -€6,012 | -5.5% |
| Plant, machinery and equipment | 23 | €1,891 | €1,707 | -€184 | -9.7% |
| Furniture and vehicles | 24 | €2,496 | €2,440 | -€56 | -2.2% |
| Current assets | 29/58 | €90,345 | €134,428 | +€44,083 | +48.8% |
| Stocks and contracts in progress | 3 | €10,869 | €11,206 | +€337 | +3.1% |
| Stocks | 30/36 | €10,869 | €11,206 | +€337 | +3.1% |
| Amounts receivable within one year | 40/41 | €41,920 | €37,921 | -€4,000 | -9.5% |
| Trade receivables | 40 | €26,093 | €16,639 | -€9,455 | -36.2% |
| Other amounts receivable | 41 | €15,827 | €21,282 | +€5,455 | +34.5% |
| Current investments | 50/53 | €21,027 | €64,000 | +€42,973 | +204.4% |
| Cash at bank and in hand | 54/58 | €10,715 | €10,012 | -€703 | -6.6% |
| Deferred charges and accrued income | 490/1 | €5,814 | €11,289 | +€5,475 | +94.2% |
| Total equity and liabilities | 10/49 | €203,825 | €241,656 | +€37,831 | +18.6% |
| Equity | 10/15 | €121,743 | €171,029 | +€49,286 | +40.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €115,543 | €164,829 | +€49,286 | +42.7% |
| Distributable reserves | 133 | €115,543 | €164,829 | +€49,286 | +42.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €82,082 | €70,627 | -€11,454 | -14.0% |
| Amounts payable after more than one year | 17 | €53,457 | €41,250 | -€12,207 | -22.8% |
| Financial debts | 170/4 | €53,457 | €41,250 | -€12,207 | -22.8% |
| Amounts payable within one year | 42/48 | €28,625 | €29,377 | +€752 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €11,985 | €12,207 | +€221 | +1.8% |
| Financial debts | 43 | - | €23 | +€23 | |
| Credit institutions | 430/8 | - | €23 | +€23 | |
| Trade debts | 44 | €1,741 | €2,197 | +€457 | +26.2% |
| Suppliers | 440/4 | €1,741 | €2,197 | +€457 | +26.2% |
| Taxes, remuneration and social security | 45 | €14,899 | €14,950 | +€51 | +0.3% |
| Taxes | 450/3 | €14,899 | €14,950 | +€51 | +0.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,644 | €7,417 | -€1,227 | -14.2% |
| Other operating charges | 640/8 | €2,659 | €2,150 | -€509 | -19.2% |
| Gross operating margin | 9900 | €57,905 | €97,730 | +€39,825 | +68.8% |
| Operating profit (loss) | 9901 | €46,602 | €88,163 | +€41,561 | +89.2% |
| Financial income | 75/76B | €87 | €1,054 | +€967 | +1105.0% |
| Recurring financial income | 75 | €87 | €1,054 | +€967 | +1105.0% |
| Financial charges | 65/66B | €2,509 | €3,914 | +€1,405 | +56.0% |
| Recurring financial charges | 65 | €2,509 | €3,914 | +€1,405 | +56.0% |
| Profit (loss) for the period before taxes | 9903 | €44,180 | €85,303 | +€41,122 | +93.1% |
| Income taxes | 67/77 | €13,331 | €26,017 | +€12,685 | +95.2% |
| Profit (loss) for the period | 9904 | €30,849 | €59,286 | +€28,437 | +92.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,849 | €59,286 | +€28,437 | +92.2% |
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 11 October 2026 via checked.be.