THEMA EVENEMENTEN: 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.
THEMA EVENEMENTEN
Largest movements
- Tangible fixed assets -€25,945
down €25,945 (-43.4%), from €59,797 to €33,852
of which Plant, machinery and equipment: -€22,727
- Receivables within one year +€4,162
up €4,162 (+45.3%), from €9,186 to €13,347
of which Trade receivables: +€4,160
- Cash +€1,577
up €1,577 (+4.6%), from €34,527 to €36,104
mainly Depreciation (+€25,945) and Net result for the year (+€6,384)
- Debts after one year -€15,476
no longer reported in 2026 (was €15,476)
- Current portion of long-term debt -€10,159
down €10,159 (-39.6%), from €25,636 to €15,476
- Reserves +€6,384
up €6,384 (+20.5%), from €31,193 to €37,576
- Gross operating margin -€18,386
down €18,386 (-30.9%), from €59,502 to €41,116
- Staff costs -€15,683
down €15,683 (-91.6%), from €17,113 to €1,429
- Depreciation -€2,433
down €2,433 (-8.6%), from €28,377 to €25,945
- Financial charges -€629
down €629 (-33.7%), from €1,868 to €1,238
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 | €128,458 | €108,854 | -€19,604 | -15.3% |
| Fixed assets | 21/28 | €69,797 | €43,852 | -€25,945 | -37.2% |
| Tangible fixed assets | 22/27 | €59,797 | €33,852 | -€25,945 | -43.4% |
| Plant, machinery and equipment | 23 | €35,958 | €13,231 | -€22,727 | -63.2% |
| Furniture and vehicles | 24 | €23,839 | €20,621 | -€3,218 | -13.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €58,661 | €65,002 | +€6,340 | +10.8% |
| Stocks and contracts in progress | 3 | €14,949 | €15,550 | +€602 | +4.0% |
| Stocks | 30/36 | €14,949 | €15,550 | +€602 | +4.0% |
| Amounts receivable within one year | 40/41 | €9,186 | €13,347 | +€4,162 | +45.3% |
| Trade receivables | 40 | €5,324 | €9,484 | +€4,160 | +78.1% |
| Other amounts receivable | 41 | €3,862 | €3,863 | +€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €34,527 | €36,104 | +€1,577 | +4.6% |
| Total equity and liabilities | 10/49 | €128,458 | €108,854 | -€19,604 | -15.3% |
| Equity | 10/15 | €36,193 | €42,576 | +€6,384 | +17.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,193 | €37,576 | +€6,384 | +20.5% |
| Distributable reserves | 133 | €31,193 | €37,576 | +€6,384 | +20.5% |
| Amounts payable | 17/49 | €92,265 | €66,277 | -€25,988 | -28.2% |
| Amounts payable after more than one year | 17 | €15,476 | - | -€15,476 | |
| Financial debts | 170/4 | €15,476 | - | -€15,476 | |
| Amounts payable within one year | 42/48 | €76,789 | €66,277 | -€10,511 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €25,636 | €15,476 | -€10,159 | -39.6% |
| Trade debts | 44 | €26,448 | €27,101 | +€653 | +2.5% |
| Suppliers | 440/4 | €26,448 | €27,101 | +€653 | +2.5% |
| Taxes, remuneration and social security | 45 | €3,467 | €2,461 | -€1,005 | -29.0% |
| Taxes | 450/3 | €3,467 | €2,461 | -€1,005 | -29.0% |
| Other amounts payable | 47/48 | €21,239 | €21,239 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €17,113 | €1,429 | -€15,683 | -91.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,377 | €25,945 | -€2,433 | -8.6% |
| Other operating charges | 640/8 | €3,535 | €3,665 | +€130 | +3.7% |
| Gross operating margin | 9900 | €59,502 | €41,116 | -€18,386 | -30.9% |
| Operating profit (loss) | 9901 | €10,477 | €10,077 | -€400 | -3.8% |
| Financial income | 75/76B | - | €6 | +€6 | |
| Recurring financial income | 75 | - | €6 | +€6 | |
| Financial charges | 65/66B | €1,868 | €1,238 | -€629 | -33.7% |
| Recurring financial charges | 65 | €1,868 | €1,238 | -€629 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €8,609 | €8,845 | +€236 | +2.7% |
| Income taxes | 67/77 | €2,627 | €2,461 | -€166 | -6.3% |
| Profit (loss) for the period | 9904 | €5,982 | €6,384 | +€401 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,982 | €6,384 | +€401 | +6.7% |
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 24 October 2026 via checked.be.