Tap Theory: 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.
Tap Theory
Largest movements
- Cash +€19,103
up €19,103 (+452%), from €4,230 to €23,333
mainly Net result for the year (+€20,945) and Tax, wage and social debts (+€11,563)
- Receivables within one year +€7,561
up €7,561 (+76.7%), from €9,854 to €17,414
of which Other amounts receivable: +€4,493
- Tangible fixed assets +€3,143
new in 2026: €3,143
of which Furniture and vehicles: +€1,876
- Reserves +€20,945
up €20,945 (+536%), from €3,906 to €24,851
- Tax, wage and social debts +€11,563
up €11,563 (+1,183%), from €977 to €12,540
- Other debts -€4,171
down €4,171 (-100%), from €4,171 to €0
- Trade debts +€1,898
up €1,898 (+6,408%), from €30 to €1,927
- Gross operating margin +€24,348
up €24,348 (+279%), from €8,733 to €33,082
- Taxes +€7,973
up €7,973 (+816%), from €977 to €8,950
- Depreciation -€2,677
down €2,677 (-69.5%), from €3,850 to €1,173
- Other operating charges +€1,234
new in 2026: €1,234
- Financial charges +€779
new in 2026: €779
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 | €14,084 | €44,319 | +€30,235 | +215% |
| Fixed assets | 21/28 | - | €3,143 | +€3,143 | |
| Tangible fixed assets | 22/27 | - | €3,143 | +€3,143 | |
| Plant, machinery and equipment | 23 | - | €1,266 | +€1,266 | |
| Furniture and vehicles | 24 | - | €1,876 | +€1,876 | |
| Current assets | 29/58 | €14,084 | €41,176 | +€27,092 | +192% |
| Amounts receivable within one year | 40/41 | €9,854 | €17,414 | +€7,561 | +76.7% |
| Trade receivables | 40 | €9,113 | €12,180 | +€3,068 | +33.7% |
| Other amounts receivable | 41 | €741 | €5,234 | +€4,493 | +606% |
| Cash at bank and in hand | 54/58 | €4,230 | €23,333 | +€19,103 | +452% |
| Deferred charges and accrued income | 490/1 | - | €429 | +€429 | |
| Total equity and liabilities | 10/49 | €14,084 | €44,319 | +€30,235 | +215% |
| Equity | 10/15 | €8,906 | €29,851 | +€20,945 | +235% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €3,906 | €24,851 | +€20,945 | +536% |
| Distributable reserves | 133 | €3,906 | €24,851 | +€20,945 | +536% |
| Amounts payable | 17/49 | €5,178 | €14,468 | +€9,290 | +179% |
| Amounts payable within one year | 42/48 | €5,178 | €14,468 | +€9,290 | +179% |
| Trade debts | 44 | €30 | €1,927 | +€1,898 | +6,408% |
| Suppliers | 440/4 | €30 | €1,927 | +€1,898 | +6,408% |
| Taxes, remuneration and social security | 45 | €977 | €12,540 | +€11,563 | +1,183% |
| Taxes | 450/3 | €977 | €12,540 | +€11,563 | +1,183% |
| Other amounts payable | 47/48 | €4,171 | €0 | -€4,171 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,850 | €1,173 | -€2,677 | -69.5% |
| Other operating charges | 640/8 | - | €1,234 | +€1,234 | |
| Gross operating margin | 9900 | €8,733 | €33,082 | +€24,348 | +279% |
| Operating profit (loss) | 9901 | €4,883 | €30,674 | +€25,791 | +528% |
| Financial charges | 65/66B | - | €779 | +€779 | |
| Recurring financial charges | 65 | - | €779 | +€779 | |
| Profit (loss) for the period before taxes | 9903 | €4,883 | €29,895 | +€25,012 | +512% |
| Income taxes | 67/77 | €977 | €8,950 | +€7,973 | +816% |
| Profit (loss) for the period | 9904 | €3,906 | €20,945 | +€17,039 | +436% |
| Profit (loss) for the period to be appropriated | 9905 | €3,906 | €20,945 | +€17,039 | +436% |
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 14 October 2026 via checked.be.