REFORMANCE: 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.
REFORMANCE
Largest movements
- Deferred charges and accrued income +€14,200
up €14,200 (+857.8%), from €1,655 to €15,855
- Tangible fixed assets -€12,963
down €12,963 (-4.7%), from €273,975 to €261,012
of which Land and buildings: -€12,347
- Cash -€5,446
down €5,446 (-10.8%), from €50,276 to €44,831
mainly Debts after one year (-€24,619) and Deferred charges and accrued income (-€14,200)
- Debts after one year -€24,619
down €24,619 (-8.3%), from €298,099 to €273,480
- Other debts +€15,798
up €15,798 (+46.0%), from €34,320 to €50,119
- Gross operating margin +€9,877
up €9,877 (+35.3%), from €27,987 to €37,864
- Financial charges +€740
up €740 (+10.4%), from €7,096 to €7,836
- Depreciation +€611
up €611 (+3.1%), from €19,681 to €20,292
- Other operating charges +€552
up €552 (+8.1%), from €6,860 to €7,412
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 | €330,398 | €324,186 | -€6,212 | -1.9% |
| Formation expenses | 20 | €725 | €397 | -€328 | -45.2% |
| Fixed assets | 21/28 | €276,472 | €262,866 | -€13,606 | -4.9% |
| Intangible fixed assets | 21 | €2,497 | €1,854 | -€643 | -25.7% |
| Tangible fixed assets | 22/27 | €273,975 | €261,012 | -€12,963 | -4.7% |
| Land and buildings | 22 | €263,834 | €251,487 | -€12,347 | -4.7% |
| Plant, machinery and equipment | 23 | €1,089 | €3,177 | +€2,088 | +191.6% |
| Furniture and vehicles | 24 | €9,051 | €6,348 | -€2,703 | -29.9% |
| Current assets | 29/58 | €53,201 | €60,923 | +€7,722 | +14.5% |
| Amounts receivable within one year | 40/41 | €1,270 | €237 | -€1,033 | -81.3% |
| Trade receivables | 40 | €1,270 | €200 | -€1,070 | -84.3% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €50,276 | €44,831 | -€5,446 | -10.8% |
| Deferred charges and accrued income | 490/1 | €1,655 | €15,855 | +€14,200 | +857.8% |
| Total equity and liabilities | 10/49 | €330,398 | €324,186 | -€6,212 | -1.9% |
| Equity | 10/15 | -€28,246 | -€26,021 | +€2,225 | +7.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,246 | -€51,021 | +€2,225 | +4.2% |
| Amounts payable | 17/49 | €358,644 | €350,207 | -€8,437 | -2.4% |
| Amounts payable after more than one year | 17 | €298,099 | €273,480 | -€24,619 | -8.3% |
| Financial debts | 170/4 | €298,099 | €273,480 | -€24,619 | -8.3% |
| Amounts payable within one year | 42/48 | €60,545 | €76,727 | +€16,182 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €24,095 | €24,619 | +€524 | +2.2% |
| Trade debts | 44 | €1,484 | €786 | -€698 | -47.0% |
| Suppliers | 440/4 | €1,484 | €786 | -€698 | -47.0% |
| Taxes, remuneration and social security | 45 | €647 | €1,204 | +€557 | +86.2% |
| Taxes | 450/3 | €647 | €1,204 | +€557 | +86.2% |
| Other amounts payable | 47/48 | €34,320 | €50,119 | +€15,798 | +46.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,681 | €20,292 | +€611 | +3.1% |
| Other operating charges | 640/8 | €6,860 | €7,412 | +€552 | +8.1% |
| Gross operating margin | 9900 | €27,987 | €37,864 | +€9,877 | +35.3% |
| Operating profit (loss) | 9901 | €1,446 | €10,160 | +€8,714 | +602.6% |
| Financial income | 75/76B | €81 | €1 | -€80 | -98.9% |
| Recurring financial income | 75 | €81 | €1 | -€80 | -98.9% |
| Financial charges | 65/66B | €7,096 | €7,836 | +€740 | +10.4% |
| Recurring financial charges | 65 | €7,096 | €7,836 | +€740 | +10.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,570 | €2,324 | +€7,894 | |
| Income taxes | 67/77 | - | €99 | +€99 | |
| Profit (loss) for the period | 9904 | -€5,570 | €2,225 | +€7,795 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,570 | €2,225 | +€7,795 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.