Simon James: 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.
Simon James
Largest movements
- Cash +€19,351
up €19,351 (+160%), from €12,060 to €31,411
mainly Net result for the year (+€15,650) and Tax, wage and social debts (+€4,122)
- Receivables within one year +€352
up €352 (+29.5%), from €1,193 to €1,545
of which Other amounts receivable: +€1,481
- Reserves +€15,650
up €15,650 (+198%), from €7,906 to €23,556
- Tax, wage and social debts +€4,122
up €4,122 (+198%), from €2,080 to €6,202
of which Taxes: +€2,129
- Gross operating margin +€9,869
up €9,869 (+95.1%), from €10,374 to €20,242
- Taxes +€2,045
up €2,045 (+98.3%), from €2,080 to €4,125
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 | €13,253 | €32,956 | +€19,702 | +149% |
| Current assets | 29/58 | €13,253 | €32,956 | +€19,702 | +149% |
| Amounts receivable within one year | 40/41 | €1,193 | €1,545 | +€352 | +29.5% |
| Trade receivables | 40 | €1,129 | - | -€1,129 | |
| Other amounts receivable | 41 | €64 | €1,545 | +€1,481 | +2,309% |
| Cash at bank and in hand | 54/58 | €12,060 | €31,411 | +€19,351 | +160% |
| Total equity and liabilities | 10/49 | €13,253 | €32,956 | +€19,702 | +149% |
| Equity | 10/15 | €10,906 | €26,556 | +€15,650 | +143% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €7,906 | €23,556 | +€15,650 | +198% |
| Distributable reserves | 133 | €7,906 | €23,556 | +€15,650 | +198% |
| Amounts payable | 17/49 | €2,347 | €6,399 | +€4,052 | +173% |
| Amounts payable within one year | 42/48 | €2,347 | €6,399 | +€4,052 | +173% |
| Trade debts | 44 | €64 | €198 | +€134 | +210% |
| Suppliers | 440/4 | €64 | €198 | +€134 | +210% |
| Taxes, remuneration and social security | 45 | €2,080 | €6,202 | +€4,122 | +198% |
| Taxes | 450/3 | €2,080 | €4,208 | +€2,129 | +102% |
| Remuneration and social security | 454/9 | - | €1,994 | +€1,994 | |
| Other amounts payable | 47/48 | €204 | - | -€204 | |
| Other operating charges | 640/8 | €387 | €475 | +€87 | +22.5% |
| Gross operating margin | 9900 | €10,374 | €20,242 | +€9,869 | +95.1% |
| Operating profit (loss) | 9901 | €9,986 | €19,768 | +€9,782 | +98.0% |
| Financial income | 75/76B | €0 | €190 | +€189 | +126,260% |
| Recurring financial income | 75 | €0 | €190 | +€189 | +126,260% |
| Financial charges | 65/66B | €0 | €182 | +€182 | +60,647% |
| Recurring financial charges | 65 | €0 | €182 | +€182 | +60,647% |
| Profit (loss) for the period before taxes | 9903 | €9,986 | €19,775 | +€9,789 | +98.0% |
| Income taxes | 67/77 | €2,080 | €4,125 | +€2,045 | +98.3% |
| Profit (loss) for the period | 9904 | €7,906 | €15,650 | +€7,744 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,906 | €15,650 | +€7,744 | +97.9% |
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 20 October 2026 via checked.be.