STRUCTOBEL: 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.
STRUCTOBEL
Largest movements
- Cash +€56,404
up €56,404 (+19.2%), from €293,988 to €350,392
mainly Net result for the year (+€56,230) and Smaller working-capital items (+€174)
- Profit (loss) carried forward +€56,230
up €56,230 (+79.6%), from -€70,625 to -€14,394
- Gross operating margin -€1,511
down €1,511 (-2.6%), from €57,304 to €55,794
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 | €300,352 | €356,686 | +€56,334 | +18.8% |
| Current assets | 29/58 | €300,352 | €356,686 | +€56,334 | +18.8% |
| Amounts receivable within one year | 40/41 | €6,364 | €6,294 | -€70 | -1.1% |
| Trade receivables | 40 | €6,050 | €6,050 | = | 0.0% |
| Other amounts receivable | 41 | €314 | €244 | -€70 | -22.3% |
| Cash at bank and in hand | 54/58 | €293,988 | €350,392 | +€56,404 | +19.2% |
| Total equity and liabilities | 10/49 | €300,352 | €356,686 | +€56,334 | +18.8% |
| Equity | 10/15 | €286,875 | €343,106 | +€56,230 | +19.6% |
| Contributions | 10/11 | €325,000 | €325,000 | = | 0.0% |
| Reserves | 13 | €32,500 | €32,500 | = | 0.0% |
| Distributable reserves | 133 | €32,500 | €32,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,625 | -€14,394 | +€56,230 | +79.6% |
| Amounts payable | 17/49 | €13,476 | €13,581 | +€104 | +0.8% |
| Amounts payable within one year | 42/48 | €13,476 | €13,581 | +€104 | +0.8% |
| Trade debts | 44 | €54 | €191 | +€136 | +250.5% |
| Suppliers | 440/4 | €54 | €191 | +€136 | +250.5% |
| Taxes, remuneration and social security | 45 | €3,882 | €3,795 | -€87 | -2.2% |
| Taxes | 450/3 | €3,882 | €3,795 | -€87 | -2.2% |
| Other amounts payable | 47/48 | €9,540 | €9,594 | +€54 | +0.6% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €57,304 | €55,794 | -€1,511 | -2.6% |
| Operating profit (loss) | 9901 | €57,178 | €55,666 | -€1,513 | -2.6% |
| Financial income | 75/76B | €1,046 | €875 | -€171 | -16.3% |
| Recurring financial income | 75 | €1,046 | €875 | -€171 | -16.3% |
| Financial charges | 65/66B | €249 | €311 | +€61 | +24.7% |
| Recurring financial charges | 65 | €249 | €311 | +€61 | +24.7% |
| Profit (loss) for the period before taxes | 9903 | €57,975 | €56,230 | -€1,745 | -3.0% |
| Profit (loss) for the period | 9904 | €57,975 | €56,230 | -€1,745 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,975 | €56,230 | -€1,745 | -3.0% |
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 7 October 2026 via checked.be.