TaxFlow: 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.
TaxFlow
Largest movements
- Cash +€136,948
up €136,948 (+82.4%), from €166,290 to €303,238
mainly Net result for the year (+€237,094) and Depreciation (+€88,323)
- Tangible fixed assets +€134,034
up €134,034 (+35.8%), from €373,899 to €507,933
- Receivables within one year -€79,105
down €79,105 (-20.5%), from €385,672 to €306,567
of which Other amounts receivable: -€134,078
- Reserves +€237,094
up €237,094 (+42.6%), from €557,001 to €794,095
- Tax, wage and social debts -€46,575
down €46,575 (-43.2%), from €107,721 to €61,146
of which Taxes: -€50,999
- Other debts -€38,107
down €38,107 (-69.1%), from €55,123 to €17,016
- Debts after one year +€35,319
up €35,319 (+33.3%), from €106,169 to €141,489
- Current portion of long-term debt +€11,518
up €11,518 (+33.6%), from €34,253 to €45,771
- Gross operating margin +€226,281
up €226,281 (+55.3%), from €409,235 to €635,516
- Staff costs +€111,867
up €111,867 (+98.8%), from €113,203 to €225,070
- Depreciation +€15,991
up €15,991 (+22.1%), from €72,333 to €88,323
- Taxes +€15,345
up €15,345 (+27.0%), from €56,816 to €72,162
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 | €925,861 | €1,117,738 | +€191,877 | +20.7% |
| Fixed assets | 21/28 | €373,899 | €507,933 | +€134,034 | +35.8% |
| Tangible fixed assets | 22/27 | €373,899 | €507,933 | +€134,034 | +35.8% |
| Plant, machinery and equipment | 23 | €80,764 | €84,889 | +€4,125 | +5.1% |
| Furniture and vehicles | 24 | €129,607 | €195,260 | +€65,653 | +50.7% |
| Other tangible fixed assets | 26 | €163,528 | €227,784 | +€64,256 | +39.3% |
| Current assets | 29/58 | €551,962 | €609,805 | +€57,843 | +10.5% |
| Amounts receivable within one year | 40/41 | €385,672 | €306,567 | -€79,105 | -20.5% |
| Trade receivables | 40 | €187,820 | €242,793 | +€54,973 | +29.3% |
| Other amounts receivable | 41 | €197,852 | €63,774 | -€134,078 | -67.8% |
| Cash at bank and in hand | 54/58 | €166,290 | €303,238 | +€136,948 | +82.4% |
| Total equity and liabilities | 10/49 | €925,861 | €1,117,738 | +€191,877 | +20.7% |
| Equity | 10/15 | €562,001 | €799,095 | +€237,094 | +42.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €557,001 | €794,095 | +€237,094 | +42.6% |
| Distributable reserves | 133 | €557,001 | €794,095 | +€237,094 | +42.6% |
| Amounts payable | 17/49 | €363,860 | €318,643 | -€45,217 | -12.4% |
| Amounts payable after more than one year | 17 | €106,169 | €141,489 | +€35,319 | +33.3% |
| Financial debts | 170/4 | €106,169 | €141,489 | +€35,319 | +33.3% |
| Amounts payable within one year | 42/48 | €257,690 | €177,154 | -€80,536 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €34,253 | €45,771 | +€11,518 | +33.6% |
| Financial debts | 43 | €1,272 | - | -€1,272 | |
| Credit institutions | 430/8 | €1,272 | - | -€1,272 | |
| Trade debts | 44 | €59,322 | €53,221 | -€6,100 | -10.3% |
| Suppliers | 440/4 | €59,322 | €53,221 | -€6,100 | -10.3% |
| Taxes, remuneration and social security | 45 | €107,721 | €61,146 | -€46,575 | -43.2% |
| Taxes | 450/3 | €71,192 | €20,193 | -€50,999 | -71.6% |
| Remuneration and social security | 454/9 | €36,529 | €40,953 | +€4,424 | +12.1% |
| Other amounts payable | 47/48 | €55,123 | €17,016 | -€38,107 | -69.1% |
| Remuneration, social security and pensions | 62 | €113,203 | €225,070 | +€111,867 | +98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,333 | €88,323 | +€15,991 | +22.1% |
| Other operating charges | 640/8 | €2,879 | €5,000 | +€2,121 | +73.7% |
| Gross operating margin | 9900 | €409,235 | €635,516 | +€226,281 | +55.3% |
| Operating profit (loss) | 9901 | €220,820 | €317,122 | +€96,302 | +43.6% |
| Financial income | 75/76B | €673 | €1,632 | +€959 | +142.5% |
| Recurring financial income | 75 | €673 | €1,632 | +€959 | +142.5% |
| Financial charges | 65/66B | €8,389 | €9,498 | +€1,109 | +13.2% |
| Recurring financial charges | 65 | €8,361 | €9,498 | +€1,137 | +13.6% |
| Non-recurring financial charges | 66B | €28 | - | -€28 | |
| Profit (loss) for the period before taxes | 9903 | €213,104 | €309,256 | +€96,152 | +45.1% |
| Income taxes | 67/77 | €56,816 | €72,162 | +€15,345 | +27.0% |
| Profit (loss) for the period | 9904 | €156,288 | €237,094 | +€80,806 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €156,288 | €237,094 | +€80,806 | +51.7% |
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.