S 3 T: 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.
S 3 T
Largest movements
- Receivables within one year +€24,934
up €24,934 (+73.2%), from €34,059 to €58,992
of which Trade receivables: +€23,008
- Trade debts +€12,403
up €12,403 (+267%), from €4,654 to €17,057
- Gross operating margin -€33,281
down €33,281 (-53.6%), from €62,070 to €28,789
- Taxes -€11,154
down €11,154 (-57.9%), from €19,249 to €8,095
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 | €1,142,297 | €1,166,323 | +€24,026 | +2.1% |
| Fixed assets | 21/28 | €1,095,471 | €1,089,477 | -€5,994 | -0.5% |
| Tangible fixed assets | 22/27 | €13,680 | €7,687 | -€5,994 | -43.8% |
| Plant, machinery and equipment | 23 | €419 | €140 | -€279 | -66.5% |
| Furniture and vehicles | 24 | €13,262 | €7,546 | -€5,715 | -43.1% |
| Financial fixed assets | 28 | €1,081,790 | €1,081,790 | = | 0.0% |
| Current assets | 29/58 | €46,827 | €76,846 | +€30,019 | +64.1% |
| Amounts receivable within one year | 40/41 | €34,059 | €58,992 | +€24,934 | +73.2% |
| Trade receivables | 40 | €14,059 | €37,067 | +€23,008 | +164% |
| Other amounts receivable | 41 | €20,000 | €21,926 | +€1,926 | +9.6% |
| Cash at bank and in hand | 54/58 | €11,361 | €16,315 | +€4,953 | +43.6% |
| Deferred charges and accrued income | 490/1 | €1,407 | €1,539 | +€132 | +9.4% |
| Total equity and liabilities | 10/49 | €1,142,297 | €1,166,323 | +€24,026 | +2.1% |
| Equity | 10/15 | €943,173 | €954,758 | +€11,585 | +1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €924,573 | €936,158 | +€11,585 | +1.3% |
| Tax-exempt reserves | 132 | €12,500 | €12,500 | = | 0.0% |
| Distributable reserves | 133 | €912,073 | €923,658 | +€11,585 | +1.3% |
| Amounts payable | 17/49 | €199,125 | €211,566 | +€12,441 | +6.2% |
| Amounts payable within one year | 42/48 | €199,125 | €211,566 | +€12,441 | +6.2% |
| Trade debts | 44 | €4,654 | €17,057 | +€12,403 | +267% |
| Suppliers | 440/4 | €4,654 | €17,057 | +€12,403 | +267% |
| Taxes, remuneration and social security | 45 | €20,107 | €12,538 | -€7,568 | -37.6% |
| Taxes | 450/3 | €16,157 | €8,588 | -€7,568 | -46.8% |
| Remuneration and social security | 454/9 | €3,950 | €3,950 | = | 0.0% |
| Other amounts payable | 47/48 | €174,365 | €181,971 | +€7,606 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,962 | €5,994 | +€31 | +0.5% |
| Other operating charges | 640/8 | €2,307 | €2,630 | +€323 | +14.0% |
| Gross operating margin | 9900 | €62,070 | €28,789 | -€33,281 | -53.6% |
| Operating profit (loss) | 9901 | €53,801 | €20,166 | -€33,635 | -62.5% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €197 | €488 | +€291 | +148% |
| Recurring financial charges | 65 | €197 | €488 | +€291 | +148% |
| Profit (loss) for the period before taxes | 9903 | €53,604 | €19,680 | -€33,924 | -63.3% |
| Income taxes | 67/77 | €19,249 | €8,095 | -€11,154 | -57.9% |
| Profit (loss) for the period | 9904 | €34,355 | €11,585 | -€22,770 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,355 | €11,585 | -€22,770 | -66.3% |
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 28 October 2026 via checked.be.