SHIFT IT: what changed
SHIFT IT
Largest movements
- Current investments -€35,918
down €35,918 (-50.1%), from €71,732 to €35,815
- Cash -€16,008
down €16,008 (-63.8%), from €25,094 to €9,086
mainly Net result for the year (-€67,827) and Tax, wage and social debts (-€4,998)
- Receivables within one year -€12,821
down €12,821 (-45.0%), from €28,490 to €15,669
- Deferred charges and accrued income -€4,695
down €4,695 (-69.5%), from €6,757 to €2,062
- Tangible fixed assets -€2,649
down €2,649 (-34.5%), from €7,671 to €5,022
of which Plant, machinery and equipment: -€2,442
- Profit (loss) carried forward -€67,827
down €67,827 (-400%), from -€16,937 to -€84,765
- Tax, wage and social debts -€4,998
down €4,998 (-97.2%), from €5,140 to €142
of which Taxes: -€3,198
- Gross operating margin -€71,596
down €71,596, from €8,042 to -€63,554
- Depreciation -€1,003
down €1,003 (-27.5%), from €3,652 to €2,649
- Financial income +€670
up €670 (+45.9%), from €1,460 to €2,130
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 | €139,743 | €67,653 | -€72,090 | -51.6% |
| Fixed assets | 21/28 | €7,671 | €5,022 | -€2,649 | -34.5% |
| Tangible fixed assets | 22/27 | €7,671 | €5,022 | -€2,649 | -34.5% |
| Plant, machinery and equipment | 23 | €6,958 | €4,516 | -€2,442 | -35.1% |
| Furniture and vehicles | 24 | €713 | €505 | -€207 | -29.1% |
| Current assets | 29/58 | €132,072 | €62,631 | -€69,441 | -52.6% |
| Amounts receivable within one year | 40/41 | €28,490 | €15,669 | -€12,821 | -45.0% |
| Other amounts receivable | 41 | €28,490 | €15,669 | -€12,821 | -45.0% |
| Current investments | 50/53 | €71,732 | €35,815 | -€35,918 | -50.1% |
| Cash at bank and in hand | 54/58 | €25,094 | €9,086 | -€16,008 | -63.8% |
| Deferred charges and accrued income | 490/1 | €6,757 | €2,062 | -€4,695 | -69.5% |
| Total equity and liabilities | 10/49 | €139,743 | €67,653 | -€72,090 | -51.6% |
| Equity | 10/15 | €132,645 | €64,818 | -€67,827 | -51.1% |
| Contributions | 10/11 | €86,320 | €86,320 | = | 0.0% |
| Reserves | 13 | €63,262 | €63,262 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,383 | €2,383 | = | 0.0% |
| Distributable reserves | 133 | €60,878 | €60,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,937 | -€84,765 | -€67,827 | -400% |
| Amounts payable | 17/49 | €7,099 | €2,835 | -€4,263 | -60.1% |
| Amounts payable within one year | 42/48 | €7,099 | €2,835 | -€4,263 | -60.1% |
| Trade debts | 44 | €1,958 | €2,694 | +€735 | +37.5% |
| Suppliers | 440/4 | €1,958 | €2,694 | +€735 | +37.5% |
| Taxes, remuneration and social security | 45 | €5,140 | €142 | -€4,998 | -97.2% |
| Taxes | 450/3 | €3,340 | €142 | -€3,198 | -95.8% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,652 | €2,649 | -€1,003 | -27.5% |
| Other operating charges | 640/8 | €167 | €751 | +€584 | +351% |
| Gross operating margin | 9900 | €8,042 | -€63,554 | -€71,596 | |
| Operating profit (loss) | 9901 | €4,223 | -€66,954 | -€71,177 | |
| Financial income | 75/76B | €1,460 | €2,130 | +€670 | +45.9% |
| Recurring financial income | 75 | €1,460 | €2,130 | +€670 | +45.9% |
| Financial charges | 65/66B | €3,001 | €2,862 | -€139 | -4.6% |
| Recurring financial charges | 65 | €3,001 | €2,862 | -€139 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €2,682 | -€67,685 | -€70,367 | |
| Income taxes | 67/77 | €281 | €142 | -€139 | -49.5% |
| Profit (loss) for the period | 9904 | €2,401 | -€67,827 | -€70,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,401 | -€67,827 | -€70,228 |
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 8 November 2026 via checked.be.