TAMARA GIELEN: 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.
TAMARA GIELEN
Largest movements
- Tangible fixed assets +€3,491
up €3,491 (+155%), from €2,246 to €5,737
of which Furniture and vehicles: +€3,653
- Deferred charges and accrued income +€1,475
up €1,475 (+6,250%), from €24 to €1,499
- Receivables within one year +€671
up €671 (+42.7%), from €1,569 to €2,240
of which Trade receivables: +€693
- Cash +€567
up €567 (+71.0%), from €799 to €1,366
mainly Net result for the year (+€11,556) and Depreciation (+€1,822)
- Profit (loss) carried forward +€11,556
up €11,556 (+20.1%), from -€57,519 to -€45,963
- Other debts -€6,838
down €6,838 (-14.4%), from €47,349 to €40,510
- Tax, wage and social debts +€1,094
up €1,094 (+329%), from €332 to €1,426
- Trade debts +€392
up €392 (+34.8%), from €1,125 to €1,517
- Gross operating margin +€19,651
up €19,651, from -€5,034 to €14,617
- Depreciation +€759
up €759 (+71.4%), from €1,063 to €1,822
- Financial charges +€300
up €300 (+150%), from €200 to €500
- Financial income -€264
down €264 (-96.1%), from €275 to €11
- Other operating charges +€164
up €164 (+27.9%), from €586 to €749
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 | €4,637 | €10,841 | +€6,203 | +134% |
| Fixed assets | 21/28 | €2,246 | €5,737 | +€3,491 | +155% |
| Tangible fixed assets | 22/27 | €2,246 | €5,737 | +€3,491 | +155% |
| Plant, machinery and equipment | 23 | €517 | €354 | -€162 | -31.4% |
| Furniture and vehicles | 24 | €1,729 | €5,383 | +€3,653 | +211% |
| Current assets | 29/58 | €2,391 | €5,104 | +€2,712 | +113% |
| Amounts receivable within one year | 40/41 | €1,569 | €2,240 | +€671 | +42.7% |
| Trade receivables | 40 | €1,546 | €2,240 | +€693 | +44.8% |
| Other amounts receivable | 41 | €23 | €0 | -€23 | -100% |
| Cash at bank and in hand | 54/58 | €799 | €1,366 | +€567 | +71.0% |
| Deferred charges and accrued income | 490/1 | €24 | €1,499 | +€1,475 | +6,250% |
| Total equity and liabilities | 10/49 | €4,637 | €10,841 | +€6,203 | +134% |
| Equity | 10/15 | -€45,019 | -€33,463 | +€11,556 | +25.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,519 | -€45,963 | +€11,556 | +20.1% |
| Amounts payable | 17/49 | €49,656 | €44,303 | -€5,353 | -10.8% |
| Amounts payable within one year | 42/48 | €48,806 | €43,453 | -€5,353 | -11.0% |
| Trade debts | 44 | €1,125 | €1,517 | +€392 | +34.8% |
| Suppliers | 440/4 | €1,125 | €1,517 | +€392 | +34.8% |
| Taxes, remuneration and social security | 45 | €332 | €1,426 | +€1,094 | +329% |
| Taxes | 450/3 | €332 | €1,426 | +€1,094 | +329% |
| Other amounts payable | 47/48 | €47,349 | €40,510 | -€6,838 | -14.4% |
| Accrued charges and deferred income | 492/3 | €850 | €850 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,063 | €1,822 | +€759 | +71.4% |
| Other operating charges | 640/8 | €586 | €749 | +€164 | +27.9% |
| Non-recurring operating charges | 66A | €484 | €0 | -€484 | -100% |
| Gross operating margin | 9900 | -€5,034 | €14,617 | +€19,651 | |
| Operating profit (loss) | 9901 | -€7,167 | €12,046 | +€19,213 | |
| Financial income | 75/76B | €275 | €11 | -€264 | -96.1% |
| Recurring financial income | 75 | €275 | €11 | -€264 | -96.1% |
| Financial charges | 65/66B | €200 | €500 | +€300 | +150% |
| Recurring financial charges | 65 | €200 | €500 | +€300 | +150% |
| Profit (loss) for the period before taxes | 9903 | -€7,092 | €11,556 | +€18,648 | |
| Profit (loss) for the period | 9904 | -€7,092 | €11,556 | +€18,648 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,092 | €11,556 | +€18,648 |
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 30 October 2026 via checked.be.