Tax Managing: 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.
Tax Managing
Largest movements
- Cash -€34,264
down €34,264 (-99.4%), from €34,479 to €214
mainly Contributions, distributions and other (-€34,000) and Receivables within one year (-€24,085)
- Tangible fixed assets -€32,238
down €32,238 (-13.7%), from €234,822 to €202,584
of which Land and buildings: -€30,887
- Receivables within one year +€24,085
up €24,085 (+3,650%), from €660 to €24,744
- Debts after one year -€20,392
down €20,392 (-21.8%), from €93,366 to €72,974
- Reserves -€16,000
down €16,000 (-29.4%), from €54,500 to €38,500
of which Distributable reserves: -€16,000
- Other debts -€6,074
down €6,074 (-15.2%), from €40,074 to €34,000
No income-statement line moved by more than 1% of the activity.
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 | €269,961 | €227,543 | -€42,418 | -15.7% |
| Fixed assets | 21/28 | €234,822 | €202,584 | -€32,238 | -13.7% |
| Tangible fixed assets | 22/27 | €234,822 | €202,584 | -€32,238 | -13.7% |
| Land and buildings | 22 | €232,223 | €201,336 | -€30,887 | -13.3% |
| Furniture and vehicles | 24 | €2,600 | €1,248 | -€1,352 | -52.0% |
| Current assets | 29/58 | €35,138 | €24,959 | -€10,180 | -29.0% |
| Amounts receivable within one year | 40/41 | €660 | €24,744 | +€24,085 | +3,650% |
| Other amounts receivable | 41 | €660 | €24,744 | +€24,085 | +3,650% |
| Cash at bank and in hand | 54/58 | €34,479 | €214 | -€34,264 | -99.4% |
| Total equity and liabilities | 10/49 | €269,961 | €227,543 | -€42,418 | -15.7% |
| Equity | 10/15 | €114,229 | €98,916 | -€15,313 | -13.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €54,500 | €38,500 | -€16,000 | -29.4% |
| Tax-exempt reserves | 132 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €52,000 | €36,000 | -€16,000 | -30.8% |
| Profit (loss) carried forward | 14 | €37,729 | €38,416 | +€687 | +1.8% |
| Amounts payable | 17/49 | €155,732 | €128,627 | -€27,105 | -17.4% |
| Amounts payable after more than one year | 17 | €93,366 | €72,974 | -€20,392 | -21.8% |
| Financial debts | 170/4 | €93,366 | €72,974 | -€20,392 | -21.8% |
| Amounts payable within one year | 42/48 | €62,366 | €55,653 | -€6,713 | -10.8% |
| Financial debts | 43 | €19,971 | €20,392 | +€421 | +2.1% |
| Credit institutions | 430/8 | €19,971 | €20,392 | +€421 | +2.1% |
| Trade debts | 44 | €21 | €23 | +€2 | +9.4% |
| Suppliers | 440/4 | €21 | €23 | +€2 | +9.4% |
| Taxes, remuneration and social security | 45 | €2,300 | €1,237 | -€1,063 | -46.2% |
| Taxes | 450/3 | €2,300 | €1,237 | -€1,063 | -46.2% |
| Other amounts payable | 47/48 | €40,074 | €34,000 | -€6,074 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,737 | €32,238 | -€499 | -1.5% |
| Other operating charges | 640/8 | €2,363 | €2,436 | +€73 | +3.1% |
| Gross operating margin | 9900 | €64,378 | €64,210 | -€168 | -0.3% |
| Operating profit (loss) | 9901 | €29,278 | €29,536 | +€258 | +0.9% |
| Financial income | 75/76B | - | €589 | +€589 | |
| Recurring financial income | 75 | - | €589 | +€589 | |
| Financial charges | 65/66B | €2,949 | €2,523 | -€426 | -14.5% |
| Recurring financial charges | 65 | €2,949 | €2,523 | -€426 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €26,329 | €27,602 | +€1,273 | +4.8% |
| Income taxes | 67/77 | €8,340 | €8,915 | +€575 | +6.9% |
| Profit (loss) for the period | 9904 | €17,989 | €18,687 | +€699 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,989 | €18,687 | +€699 | +3.9% |
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 27 October 2026 via checked.be.