S&R: what changed
S&R
Largest movements
- Cash -€36,986
down €36,986 (-53.5%), from €69,170 to €32,184
mainly Contributions, distributions and other (-€90,000) and Other debts (-€73,225)
- Receivables within one year -€27,515
down €27,515 (-63.3%), from €43,463 to €15,948
of which Other amounts receivable: -€24,539
- Tangible fixed assets -€1,539
down €1,539 (-30.7%), from €5,015 to €3,476
of which Furniture and vehicles: -€1,139
- Other debts -€73,225
down €73,225 (-83.2%), from €88,000 to €14,775
- Profit (loss) carried forward +€6,368
up €6,368 (+376%), from €1,694 to €8,062
- Gross operating margin +€12,859
up €12,859 (+10.6%), from €121,868 to €134,727
- Taxes +€3,370
up €3,370 (+10.6%), from €31,769 to €35,139
- Financial income -€1,458
down €1,458 (-99.8%), from €1,461 to €3
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,716 | €54,363 | -€66,353 | -55.0% |
| Fixed assets | 21/28 | €5,015 | €3,476 | -€1,539 | -30.7% |
| Tangible fixed assets | 22/27 | €5,015 | €3,476 | -€1,539 | -30.7% |
| Furniture and vehicles | 24 | €1,139 | - | -€1,139 | |
| Other tangible fixed assets | 26 | €3,877 | €3,476 | -€400 | -10.3% |
| Current assets | 29/58 | €115,701 | €50,887 | -€64,814 | -56.0% |
| Amounts receivable within one year | 40/41 | €43,463 | €15,948 | -€27,515 | -63.3% |
| Trade receivables | 40 | €18,924 | €15,948 | -€2,976 | -15.7% |
| Other amounts receivable | 41 | €24,539 | - | -€24,539 | |
| Cash at bank and in hand | 54/58 | €69,170 | €32,184 | -€36,986 | -53.5% |
| Deferred charges and accrued income | 490/1 | €3,068 | €2,755 | -€313 | -10.2% |
| Total equity and liabilities | 10/49 | €120,716 | €54,363 | -€66,353 | -55.0% |
| Equity | 10/15 | €21,525 | €27,893 | +€6,368 | +29.6% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,694 | €8,062 | +€6,368 | +376% |
| Amounts payable | 17/49 | €99,191 | €26,470 | -€72,721 | -73.3% |
| Amounts payable within one year | 42/48 | €99,191 | €26,253 | -€72,938 | -73.5% |
| Trade debts | 44 | €697 | €923 | +€225 | +32.3% |
| Suppliers | 440/4 | €697 | €923 | +€225 | +32.3% |
| Taxes, remuneration and social security | 45 | €10,494 | €10,556 | +€62 | +0.6% |
| Taxes | 450/3 | €10,494 | €10,556 | +€62 | +0.6% |
| Other amounts payable | 47/48 | €88,000 | €14,775 | -€73,225 | -83.2% |
| Accrued charges and deferred income | 492/3 | - | €217 | +€217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,153 | €1,539 | -€614 | -28.5% |
| Other operating charges | 640/8 | €1,217 | €1,393 | +€177 | +14.5% |
| Gross operating margin | 9900 | €121,868 | €134,727 | +€12,859 | +10.6% |
| Operating profit (loss) | 9901 | €118,498 | €131,795 | +€13,297 | +11.2% |
| Financial income | 75/76B | €1,461 | €3 | -€1,458 | -99.8% |
| Recurring financial income | 75 | €1,461 | €3 | -€1,458 | -99.8% |
| Financial charges | 65/66B | €105 | €290 | +€185 | +177% |
| Recurring financial charges | 65 | €105 | €290 | +€185 | +177% |
| Profit (loss) for the period before taxes | 9903 | €119,854 | €131,507 | +€11,653 | +9.7% |
| Income taxes | 67/77 | €31,769 | €35,139 | +€3,370 | +10.6% |
| Profit (loss) for the period | 9904 | €88,085 | €96,368 | +€8,283 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €88,085 | €96,368 | +€8,283 | +9.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.