S & C: 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 & C
Largest movements
- Tangible fixed assets -€8,831
down €8,831 (-7.0%), from €126,357 to €117,526
- Receivables within one year +€2,270
up €2,270 (+15.8%), from €14,341 to €16,611
of which Trade receivables: +€2,270
- Other debts +€22,545
up €22,545 (+14.9%), from €151,381 to €173,926
- Trade debts -€18,899
down €18,899 (-91.4%), from €20,687 to €1,788
- Profit (loss) carried forward -€10,549
down €10,549 (-18.8%), from -€56,203 to -€66,752
- Gross operating margin +€2,096
up €2,096 (+59.9%), from -€3,497 to -€1,401
- Financial charges +€214
up €214 (+207.8%), from €103 to €317
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 | €140,865 | €134,325 | -€6,540 | -4.6% |
| Fixed assets | 21/28 | €126,357 | €117,526 | -€8,831 | -7.0% |
| Tangible fixed assets | 22/27 | €126,357 | €117,526 | -€8,831 | -7.0% |
| Land and buildings | 22 | €126,357 | €117,526 | -€8,831 | -7.0% |
| Current assets | 29/58 | €14,508 | €16,799 | +€2,291 | +15.8% |
| Amounts receivable within one year | 40/41 | €14,341 | €16,611 | +€2,270 | +15.8% |
| Trade receivables | 40 | €13,610 | €15,880 | +€2,270 | +16.7% |
| Other amounts receivable | 41 | €731 | €731 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €167 | €188 | +€21 | +12.6% |
| Total equity and liabilities | 10/49 | €140,865 | €134,325 | -€6,540 | -4.6% |
| Equity | 10/15 | -€36,203 | -€46,752 | -€10,549 | -29.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,203 | -€66,752 | -€10,549 | -18.8% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Environmental obligations | 163 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €172,068 | €176,077 | +€4,009 | +2.3% |
| Amounts payable within one year | 42/48 | €172,068 | €176,077 | +€4,009 | +2.3% |
| Trade debts | 44 | €20,687 | €1,788 | -€18,899 | -91.4% |
| Suppliers | 440/4 | €20,687 | €1,788 | -€18,899 | -91.4% |
| Taxes, remuneration and social security | 45 | - | €363 | +€363 | |
| Taxes | 450/3 | - | €363 | +€363 | |
| Other amounts payable | 47/48 | €151,381 | €173,926 | +€22,545 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,832 | €8,831 | -€1 | 0.0% |
| Gross operating margin | 9900 | -€3,497 | -€1,401 | +€2,096 | +59.9% |
| Operating profit (loss) | 9901 | -€12,329 | -€10,232 | +€2,097 | +17.0% |
| Financial charges | 65/66B | €103 | €317 | +€214 | +207.8% |
| Recurring financial charges | 65 | €103 | €317 | +€214 | +207.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,432 | -€10,549 | +€1,883 | +15.1% |
| Profit (loss) for the period | 9904 | -€12,432 | -€10,549 | +€1,883 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,432 | -€10,549 | +€1,883 | +15.1% |
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 12 October 2026 via checked.be.