SUCCEED: 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.
SUCCEED
Largest movements
- Cash +€22,024
up €22,024 (+51.0%), from €43,155 to €65,179
mainly Net result for the year (+€66,642) and Depreciation (+€7,417)
- Tangible fixed assets -€5,918
down €5,918 (-2.0%), from €290,615 to €284,697
of which Land and buildings: -€5,355
- Deferred charges and accrued income -€4,682
down €4,682 (-60.1%), from €7,791 to €3,109
- Receivables within one year +€4,571
up €4,571 (+13.8%), from €33,177 to €37,748
of which Other amounts receivable: +€3,211
- Reserves +€31,636
up €31,636 (+11.4%), from €277,911 to €309,547
- Debts after one year -€17,606
down €17,606 (-27.2%), from €64,670 to €47,064
- Gross operating margin +€24,246
up €24,246 (+30.2%), from €80,279 to €104,525
- Taxes +€6,743
up €6,743 (+32.3%), from €20,903 to €27,646
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 | €374,738 | €390,733 | +€15,995 | +4.3% |
| Fixed assets | 21/28 | €290,615 | €284,697 | -€5,918 | -2.0% |
| Tangible fixed assets | 22/27 | €290,615 | €284,697 | -€5,918 | -2.0% |
| Land and buildings | 22 | €286,353 | €280,998 | -€5,355 | -1.9% |
| Plant, machinery and equipment | 23 | €1,830 | €1,085 | -€745 | -40.7% |
| Furniture and vehicles | 24 | €2,432 | €2,614 | +€182 | +7.5% |
| Current assets | 29/58 | €84,123 | €106,036 | +€21,913 | +26.0% |
| Amounts receivable within one year | 40/41 | €33,177 | €37,748 | +€4,571 | +13.8% |
| Trade receivables | 40 | €21,000 | €22,360 | +€1,360 | +6.5% |
| Other amounts receivable | 41 | €12,177 | €15,388 | +€3,211 | +26.4% |
| Cash at bank and in hand | 54/58 | €43,155 | €65,179 | +€22,024 | +51.0% |
| Deferred charges and accrued income | 490/1 | €7,791 | €3,109 | -€4,682 | -60.1% |
| Total equity and liabilities | 10/49 | €374,738 | €390,733 | +€15,995 | +4.3% |
| Equity | 10/15 | €284,111 | €315,747 | +€31,636 | +11.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €277,911 | €309,547 | +€31,636 | +11.4% |
| Distributable reserves | 133 | €277,911 | €309,547 | +€31,636 | +11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €90,627 | €74,986 | -€15,641 | -17.3% |
| Amounts payable after more than one year | 17 | €64,670 | €47,064 | -€17,606 | -27.2% |
| Financial debts | 170/4 | €64,670 | €47,064 | -€17,606 | -27.2% |
| Amounts payable within one year | 42/48 | €25,958 | €27,923 | +€1,965 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €17,274 | €17,606 | +€332 | +1.9% |
| Trade debts | 44 | €119 | €320 | +€201 | +168.9% |
| Suppliers | 440/4 | €119 | €320 | +€201 | +168.9% |
| Taxes, remuneration and social security | 45 | €1,000 | €2,750 | +€1,750 | +175.0% |
| Taxes | 450/3 | €1,000 | €2,750 | +€1,750 | +175.0% |
| Other amounts payable | 47/48 | €7,565 | €7,247 | -€318 | -4.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,094 | €7,417 | +€322 | +4.5% |
| Other operating charges | 640/8 | €803 | €819 | +€16 | +2.1% |
| Gross operating margin | 9900 | €80,279 | €104,525 | +€24,246 | +30.2% |
| Operating profit (loss) | 9901 | €72,382 | €96,289 | +€23,907 | +33.0% |
| Financial income | 75/76B | €74 | €58 | -€16 | -21.6% |
| Recurring financial income | 75 | €74 | €58 | -€16 | -21.6% |
| Financial charges | 65/66B | €2,484 | €2,059 | -€425 | -17.1% |
| Recurring financial charges | 65 | €2,484 | €2,059 | -€425 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €69,971 | €94,288 | +€24,317 | +34.8% |
| Income taxes | 67/77 | €20,903 | €27,646 | +€6,743 | +32.3% |
| Profit (loss) for the period | 9904 | €49,068 | €66,642 | +€17,574 | +35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €49,068 | €66,642 | +€17,574 | +35.8% |
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 10 October 2026 via checked.be.