SHEQ-CONSULT: 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.
SHEQ-CONSULT
Largest movements
- Receivables after one year +€15,000
new in 2026: €15,000
- Cash -€13,082
down €13,082 (-13.5%), from €97,212 to €84,130
mainly Other debts (-€23,879) and Investment in fixed assets (net) (-€17,018)
- Tangible fixed assets +€9,149
up €9,149 (+13.8%), from €66,115 to €75,264
of which Other tangible fixed assets: +€11,455
- Receivables within one year +€6,870
up €6,870 (+34.1%), from €20,146 to €27,016
of which Trade receivables: +€3,473
- Deferred charges and accrued income -€2,964
down €2,964 (-80.7%), from €3,673 to €709
- Reserves +€40,971
up €40,971 (+29.3%), from €139,772 to €180,743
- Other debts -€23,879
down €23,879 (-92.7%), from €25,755 to €1,876
- Gross operating margin +€37,036
up €37,036 (+122%), from €30,238 to €67,274
- Taxes +€10,202
up €10,202 (+152%), from €6,732 to €16,934
- Financial charges -€1,393
down €1,393 (-93.7%), from €1,486 to €93
- Depreciation +€1,352
up €1,352 (+22.5%), from €6,017 to €7,369
- Other operating charges +€884
up €884 (+52.8%), from €1,674 to €2,558
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 | €188,393 | €203,865 | +€15,472 | +8.2% |
| Fixed assets | 21/28 | €67,362 | €77,011 | +€9,649 | +14.3% |
| Tangible fixed assets | 22/27 | €66,115 | €75,264 | +€9,149 | +13.8% |
| Land and buildings | 22 | €44,024 | €41,300 | -€2,724 | -6.2% |
| Plant, machinery and equipment | 23 | €15,513 | €14,591 | -€922 | -5.9% |
| Furniture and vehicles | 24 | €6,578 | €7,918 | +€1,340 | +20.4% |
| Other tangible fixed assets | 26 | - | €11,455 | +€11,455 | |
| Financial fixed assets | 28 | €1,247 | €1,747 | +€500 | +40.1% |
| Current assets | 29/58 | €121,031 | €126,855 | +€5,824 | +4.8% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Trade receivables | 290 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €20,146 | €27,016 | +€6,870 | +34.1% |
| Trade receivables | 40 | €18,752 | €22,225 | +€3,473 | +18.5% |
| Other amounts receivable | 41 | €1,394 | €4,791 | +€3,397 | +244% |
| Cash at bank and in hand | 54/58 | €97,212 | €84,130 | -€13,082 | -13.5% |
| Deferred charges and accrued income | 490/1 | €3,673 | €709 | -€2,964 | -80.7% |
| Total equity and liabilities | 10/49 | €188,393 | €203,865 | +€15,472 | +8.2% |
| Equity | 10/15 | €147,772 | €188,743 | +€40,971 | +27.7% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €139,772 | €180,743 | +€40,971 | +29.3% |
| Distributable reserves | 133 | €139,772 | €180,743 | +€40,971 | +29.3% |
| Amounts payable | 17/49 | €40,621 | €15,123 | -€25,498 | -62.8% |
| Amounts payable within one year | 42/48 | €39,251 | €15,123 | -€24,128 | -61.5% |
| Trade debts | 44 | €174 | €593 | +€419 | +241% |
| Suppliers | 440/4 | €174 | €593 | +€419 | +241% |
| Taxes, remuneration and social security | 45 | €13,322 | €12,654 | -€668 | -5.0% |
| Taxes | 450/3 | €13,322 | €12,654 | -€668 | -5.0% |
| Other amounts payable | 47/48 | €25,755 | €1,876 | -€23,879 | -92.7% |
| Accrued charges and deferred income | 492/3 | €1,370 | - | -€1,370 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,017 | €7,369 | +€1,352 | +22.5% |
| Other operating charges | 640/8 | €1,674 | €2,558 | +€884 | +52.8% |
| Gross operating margin | 9900 | €30,238 | €67,274 | +€37,036 | +122% |
| Operating profit (loss) | 9901 | €22,547 | €57,347 | +€34,800 | +154% |
| Financial income | 75/76B | €466 | €651 | +€185 | +39.6% |
| Recurring financial income | 75 | €466 | €651 | +€185 | +39.6% |
| Financial charges | 65/66B | €1,486 | €93 | -€1,393 | -93.7% |
| Recurring financial charges | 65 | €1,486 | €93 | -€1,393 | -93.7% |
| Profit (loss) for the period before taxes | 9903 | €21,527 | €57,905 | +€36,378 | +169% |
| Income taxes | 67/77 | €6,732 | €16,934 | +€10,202 | +152% |
| Profit (loss) for the period | 9904 | €14,795 | €40,971 | +€26,176 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €14,795 | €40,971 | +€26,176 | +177% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.