STEVEN ONGENA: 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.
STEVEN ONGENA
Largest movements
- Current investments -€164,500
down €164,500 (-12.5%), from €1.3m to €1.2m
- Reserves -€126,100
down €126,100 (-11.1%), from €1.1m to €1.0m
- Other debts -€18,370
down €18,370 (-10.8%), from €170,557 to €152,187
- Financial income +€43,733
up €43,733 (+57.4%), from €76,143 to €119,876
- Gross operating margin -€31,621
down €31,621 (-13.1%), from €242,213 to €210,592
- Financial charges -€4,755
down €4,755 (-27.3%), from €17,397 to €12,642
of which Financial charges: -€4,448
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 | €1,356,957 | €1,205,433 | -€151,524 | -11.2% |
| Fixed assets | 21/28 | €1,618 | €4,804 | +€3,186 | +197% |
| Tangible fixed assets | 22/27 | €1,618 | €4,804 | +€3,186 | +197% |
| Land and buildings | 22 | €1,373 | €3,407 | +€2,034 | +148% |
| Furniture and vehicles | 24 | €245 | €1,397 | +€1,152 | +469% |
| Current assets | 29/58 | €1,355,338 | €1,200,628 | -€154,710 | -11.4% |
| Amounts receivable within one year | 40/41 | €113 | €8,166 | +€8,053 | +7,130% |
| Trade receivables | 40 | €113 | - | -€113 | |
| Other amounts receivable | 41 | - | €8,166 | +€8,166 | |
| Current investments | 50/53 | €1,316,863 | €1,152,363 | -€164,500 | -12.5% |
| Cash at bank and in hand | 54/58 | €37,803 | €39,516 | +€1,713 | +4.5% |
| Deferred charges and accrued income | 490/1 | €559 | €583 | +€24 | +4.3% |
| Total equity and liabilities | 10/49 | €1,356,957 | €1,205,433 | -€151,524 | -11.2% |
| Equity | 10/15 | €1,153,788 | €1,027,688 | -€126,100 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,135,188 | €1,009,088 | -€126,100 | -11.1% |
| Distributable reserves | 133 | €1,135,188 | €1,009,088 | -€126,100 | -11.1% |
| Amounts payable | 17/49 | €203,168 | €177,744 | -€25,424 | -12.5% |
| Amounts payable within one year | 42/48 | €187,750 | €166,657 | -€21,093 | -11.2% |
| Trade debts | 44 | €1,821 | €2,680 | +€859 | +47.2% |
| Suppliers | 440/4 | €1,821 | €2,680 | +€859 | +47.2% |
| Taxes, remuneration and social security | 45 | €15,372 | €11,789 | -€3,582 | -23.3% |
| Taxes | 450/3 | €15,372 | €11,789 | -€3,582 | -23.3% |
| Other amounts payable | 47/48 | €170,557 | €152,187 | -€18,370 | -10.8% |
| Accrued charges and deferred income | 492/3 | €15,418 | €11,088 | -€4,331 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €993 | +€651 | +190% |
| Other operating charges | 640/8 | €3,165 | €2,301 | -€864 | -27.3% |
| Gross operating margin | 9900 | €242,213 | €210,592 | -€31,621 | -13.1% |
| Operating profit (loss) | 9901 | €238,706 | €207,298 | -€31,408 | -13.2% |
| Financial income | 75/76B | €76,143 | €119,876 | +€43,733 | +57.4% |
| Recurring financial income | 75 | €76,143 | €119,876 | +€43,733 | +57.4% |
| Financial charges | 65/66B | €17,397 | €12,642 | -€4,755 | -27.3% |
| Recurring financial charges | 65 | €17,090 | €12,642 | -€4,448 | -26.0% |
| Non-recurring financial charges | 66B | €307 | - | -€307 | |
| Profit (loss) for the period before taxes | 9903 | €297,453 | €314,533 | +€17,080 | +5.7% |
| Income taxes | 67/77 | €91,112 | €93,092 | +€1,980 | +2.2% |
| Profit (loss) for the period | 9904 | €206,341 | €221,441 | +€15,100 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €206,341 | €221,441 | +€15,100 | +7.3% |
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 28 October 2026 via checked.be.