STREAM: 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.
STREAM
Largest movements
- Receivables within one year -€23,016
down €23,016 (-49.5%), from €46,504 to €23,488
of which Other amounts receivable: -€24,349
- Receivables after one year -€18,257
down €18,257 (-100%), from €18,257 to €0
- Cash +€18,083
up €18,083 (+114%), from €15,809 to €33,892
mainly Depreciation (+€36,506) and Net result for the year (+€36,452)
- Tangible fixed assets -€17,809
down €17,809 (-6.7%), from €266,326 to €248,517
of which Furniture and vehicles: -€15,364
- Debts after one year -€36,303
down €36,303 (-56.5%), from €64,267 to €27,964
- Current portion of long-term debt -€9,643
down €9,643 (-21.0%), from €45,946 to €36,303
- Short-term financial debts +€7,448
up €7,448 (+146%), from €5,086 to €12,534
- Tax, wage and social debts -€7,051
down €7,051 (-35.2%), from €20,023 to €12,972
of which Remuneration and social security: -€5,967
- Reserves +€5,802
up €5,802 (+2.9%), from €203,399 to €209,201
- Gross operating margin +€27,162
up €27,162 (+39.7%), from €68,336 to €95,498
- Taxes +€8,324
up €8,324 (+122%), from €6,796 to €15,120
- Financial charges -€2,654
down €2,654 (-34.1%), from €7,775 to €5,121
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 | €347,195 | €306,661 | -€40,534 | -11.7% |
| Fixed assets | 21/28 | €266,375 | €248,567 | -€17,809 | -6.7% |
| Tangible fixed assets | 22/27 | €266,326 | €248,517 | -€17,809 | -6.7% |
| Land and buildings | 22 | €147,327 | €137,536 | -€9,792 | -6.6% |
| Plant, machinery and equipment | 23 | €33,403 | €40,751 | +€7,348 | +22.0% |
| Furniture and vehicles | 24 | €85,595 | €70,231 | -€15,364 | -17.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €80,820 | €58,095 | -€22,725 | -28.1% |
| Amounts receivable after more than one year | 29 | €18,257 | €0 | -€18,257 | -100% |
| Other amounts receivable | 291 | €18,257 | €0 | -€18,257 | -100% |
| Amounts receivable within one year | 40/41 | €46,504 | €23,488 | -€23,016 | -49.5% |
| Trade receivables | 40 | €20,452 | €21,785 | +€1,333 | +6.5% |
| Other amounts receivable | 41 | €26,052 | €1,703 | -€24,349 | -93.5% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,809 | €33,892 | +€18,083 | +114% |
| Deferred charges and accrued income | 490/1 | - | €465 | +€465 | |
| Total equity and liabilities | 10/49 | €347,195 | €306,661 | -€40,534 | -11.7% |
| Equity | 10/15 | €209,852 | €215,654 | +€5,802 | +2.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €203,399 | €209,201 | +€5,802 | +2.9% |
| Distributable reserves | 133 | €203,399 | €209,201 | +€5,802 | +2.9% |
| Profit (loss) carried forward | 14 | €256 | €256 | = | 0.0% |
| Amounts payable | 17/49 | €137,343 | €91,007 | -€46,336 | -33.7% |
| Amounts payable after more than one year | 17 | €64,267 | €27,964 | -€36,303 | -56.5% |
| Financial debts | 170/4 | €64,267 | €27,964 | -€36,303 | -56.5% |
| Amounts payable within one year | 42/48 | €73,076 | €63,044 | -€10,033 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €45,946 | €36,303 | -€9,643 | -21.0% |
| Financial debts | 43 | €5,086 | €12,534 | +€7,448 | +146% |
| Credit institutions | 430/8 | €5,086 | €12,534 | +€7,448 | +146% |
| Trade debts | 44 | €1,092 | €66 | -€1,026 | -94.0% |
| Suppliers | 440/4 | €1,092 | €66 | -€1,026 | -94.0% |
| Taxes, remuneration and social security | 45 | €20,023 | €12,972 | -€7,051 | -35.2% |
| Taxes | 450/3 | €11,045 | €9,960 | -€1,085 | -9.8% |
| Remuneration and social security | 454/9 | €8,978 | €3,012 | -€5,967 | -66.5% |
| Other amounts payable | 47/48 | €930 | €1,169 | +€239 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,355 | €36,506 | +€151 | +0.4% |
| Other operating charges | 640/8 | €1,697 | €2,354 | +€657 | +38.7% |
| Non-recurring operating charges | 66A | €1,717 | €0 | -€1,717 | -100% |
| Gross operating margin | 9900 | €68,336 | €95,498 | +€27,162 | +39.7% |
| Operating profit (loss) | 9901 | €28,567 | €56,638 | +€28,071 | +98.3% |
| Financial income | 75/76B | €562 | €55 | -€507 | -90.1% |
| Recurring financial income | 75 | €562 | €55 | -€507 | -90.1% |
| Financial charges | 65/66B | €7,775 | €5,121 | -€2,654 | -34.1% |
| Recurring financial charges | 65 | €7,775 | €5,121 | -€2,654 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €21,354 | €51,572 | +€30,218 | +142% |
| Income taxes | 67/77 | €6,796 | €15,120 | +€8,324 | +122% |
| Profit (loss) for the period | 9904 | €14,558 | €36,452 | +€21,894 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €14,558 | €36,452 | +€21,894 | +150% |
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 31 October 2026 via checked.be.