RED TYPE: 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.
RED TYPE
Largest movements
- Receivables within one year -€32,052
down €32,052 (-48.9%), from €65,584 to €33,532
of which Trade receivables: -€20,026
- Cash +€31,092
up €31,092 (+82.4%), from €37,747 to €68,838
mainly Net result for the year (+€33,742) and Receivables within one year (+€32,052)
- Tangible fixed assets -€13,061
down €13,061 (-3.7%), from €355,676 to €342,615
of which Land and buildings: -€15,068
- Reserves +€33,742
up €33,742 (+8.4%), from €401,052 to €434,794
- Debts after one year -€23,875
down €23,875 (-45.5%), from €52,510 to €28,634
- Other debts -€15,575
down €15,575 (-41.7%), from €37,310 to €21,736
- Gross operating margin -€10,827
down €10,827 (-13.6%), from €79,827 to €69,000
- Taxes -€2,833
down €2,833 (-16.7%), from €16,942 to €14,109
- Financial charges -€1,181
down €1,181 (-29.3%), from €4,028 to €2,846
- Depreciation +€924
up €924 (+5.9%), from €15,785 to €16,709
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 | €535,332 | €522,431 | -€12,900 | -2.4% |
| Fixed assets | 21/28 | €430,676 | €417,615 | -€13,061 | -3.0% |
| Tangible fixed assets | 22/27 | €355,676 | €342,615 | -€13,061 | -3.7% |
| Land and buildings | 22 | €353,396 | €338,329 | -€15,068 | -4.3% |
| Plant, machinery and equipment | 23 | €259 | €931 | +€673 | +260% |
| Furniture and vehicles | 24 | €2,021 | €3,356 | +€1,334 | +66.0% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €104,655 | €104,816 | +€161 | +0.2% |
| Amounts receivable within one year | 40/41 | €65,584 | €33,532 | -€32,052 | -48.9% |
| Trade receivables | 40 | €20,026 | €0 | -€20,026 | -100% |
| Other amounts receivable | 41 | €45,558 | €33,532 | -€12,026 | -26.4% |
| Cash at bank and in hand | 54/58 | €37,747 | €68,838 | +€31,092 | +82.4% |
| Deferred charges and accrued income | 490/1 | €1,325 | €2,446 | +€1,121 | +84.6% |
| Total equity and liabilities | 10/49 | €535,332 | €522,431 | -€12,900 | -2.4% |
| Equity | 10/15 | €407,252 | €440,994 | +€33,742 | +8.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €401,052 | €434,794 | +€33,742 | +8.4% |
| Distributable reserves | 133 | €401,052 | €434,794 | +€33,742 | +8.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,080 | €81,437 | -€46,642 | -36.4% |
| Amounts payable after more than one year | 17 | €52,510 | €28,634 | -€23,875 | -45.5% |
| Financial debts | 170/4 | €52,510 | €28,634 | -€23,875 | -45.5% |
| Amounts payable within one year | 42/48 | €74,796 | €51,879 | -€22,917 | -30.6% |
| Current portion of amounts payable after more than one year | 42 | €28,165 | €25,838 | -€2,327 | -8.3% |
| Trade debts | 44 | €5,154 | €4,306 | -€848 | -16.4% |
| Suppliers | 440/4 | €5,154 | €4,306 | -€848 | -16.4% |
| Taxes, remuneration and social security | 45 | €4,167 | €0 | -€4,167 | -100% |
| Taxes | 450/3 | €4,167 | €0 | -€4,167 | -100% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,310 | €21,736 | -€15,575 | -41.7% |
| Accrued charges and deferred income | 492/3 | €774 | €924 | +€150 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,785 | €16,709 | +€924 | +5.9% |
| Other operating charges | 640/8 | €1,553 | €1,598 | +€45 | +2.9% |
| Gross operating margin | 9900 | €79,827 | €69,000 | -€10,827 | -13.6% |
| Operating profit (loss) | 9901 | €62,489 | €50,693 | -€11,796 | -18.9% |
| Financial income | 75/76B | €0 | €5 | +€5 | +47,500% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +47,500% |
| Financial charges | 65/66B | €4,028 | €2,846 | -€1,181 | -29.3% |
| Recurring financial charges | 65 | €4,028 | €2,846 | -€1,181 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €58,461 | €47,851 | -€10,610 | -18.1% |
| Income taxes | 67/77 | €16,942 | €14,109 | -€2,833 | -16.7% |
| Profit (loss) for the period | 9904 | €41,519 | €33,742 | -€7,777 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,519 | €33,742 | -€7,777 | -18.7% |
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 31 October 2026 via checked.be.