SR-PR: what changed
Two fiscal 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.
SR-PR
Largest movements
- Receivables within one year +€66,134
up €66,134 (+57.7%), from €114,555 to €180,689
of which Other amounts receivable: +€44,727
- Cash +€31,608
up €31,608 (+1506.7%), from €2,098 to €33,705
mainly Net result for the year (+€63,502) and Other debts (+€44,500)
- Reserves +€52,000
new in 2026: €52,000
- Other debts +€44,500
new in 2026: €44,500
- Profit (loss) carried forward -€32,998
down €32,998 (-33.6%), from €98,095 to €65,097
- Trade debts +€18,647
up €18,647 (+335.8%), from €5,553 to €24,200
of which Suppliers: +€22,660
- Tax, wage and social debts +€17,124
up €17,124 (+221.8%), from €7,722 to €24,847
- Gross operating margin +€69,059
up €69,059 (+542.8%), from €12,723 to €81,782
- Taxes +€18,133
up €18,133 (+451.7%), from €4,014 to €22,147
- Financial income +€1,229
up €1,229 (+21.1%), from €5,816 to €7,045
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 | €117,870 | €216,844 | +€98,974 | +84.0% |
| Fixed assets | 21/28 | €1,217 | €1,862 | +€645 | +53.0% |
| Tangible fixed assets | 22/27 | €1,217 | €1,862 | +€645 | +53.0% |
| Furniture and vehicles | 24 | €1,217 | €0 | -€1,217 | -100.0% |
| Other tangible fixed assets | 26 | - | €1,862 | +€1,862 | |
| Current assets | 29/58 | €116,653 | €214,981 | +€98,329 | +84.3% |
| Amounts receivable within one year | 40/41 | €114,555 | €180,689 | +€66,134 | +57.7% |
| Trade receivables | 40 | €3,593 | €25,000 | +€21,407 | +595.8% |
| Other amounts receivable | 41 | €110,962 | €155,689 | +€44,727 | +40.3% |
| Cash at bank and in hand | 54/58 | €2,098 | €33,705 | +€31,608 | +1506.7% |
| Deferred charges and accrued income | 490/1 | - | €587 | +€587 | |
| Total equity and liabilities | 10/49 | €117,870 | €216,844 | +€98,974 | +84.0% |
| Equity | 10/15 | €104,295 | €123,297 | +€19,002 | +18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €52,000 | +€52,000 | |
| Distributable reserves | 133 | - | €52,000 | +€52,000 | |
| Profit (loss) carried forward | 14 | €98,095 | €65,097 | -€32,998 | -33.6% |
| Amounts payable | 17/49 | €13,575 | €93,547 | +€79,971 | +589.1% |
| Amounts payable within one year | 42/48 | €13,275 | €93,547 | +€80,271 | +604.7% |
| Trade debts | 44 | €5,553 | €24,200 | +€18,647 | +335.8% |
| Suppliers | 440/4 | €1,540 | €24,200 | +€22,660 | +1471.6% |
| Bills of exchange payable | 441 | €4,013 | - | -€4,013 | |
| Taxes, remuneration and social security | 45 | €7,722 | €24,847 | +€17,124 | +221.8% |
| Taxes | 450/3 | €7,722 | €24,847 | +€17,124 | +221.8% |
| Other amounts payable | 47/48 | - | €44,500 | +€44,500 | |
| Accrued charges and deferred income | 492/3 | €300 | - | -€300 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,617 | €1,355 | -€262 | -16.2% |
| Other operating charges | 640/8 | €1,179 | €1,373 | +€193 | +16.4% |
| Gross operating margin | 9900 | €12,723 | €81,782 | +€69,059 | +542.8% |
| Operating profit (loss) | 9901 | €9,927 | €79,054 | +€69,128 | +696.4% |
| Financial income | 75/76B | €5,816 | €7,045 | +€1,229 | +21.1% |
| Recurring financial income | 75 | €5,816 | €7,045 | +€1,229 | +21.1% |
| Financial charges | 65/66B | €481 | €450 | -€31 | -6.4% |
| Recurring financial charges | 65 | €481 | €450 | -€31 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €15,261 | €85,649 | +€70,388 | +461.2% |
| Income taxes | 67/77 | €4,014 | €22,147 | +€18,133 | +451.7% |
| Profit (loss) for the period | 9904 | €11,247 | €63,502 | +€52,255 | +464.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,247 | €63,502 | +€52,255 | +464.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.