think about IT: 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.
think about IT
Largest movements
- Cash +€101,871
up €101,871 (+19.2%), from €529,844 to €631,715
mainly Net result for the year (+€88,122) and Depreciation (+€14,006)
- Tangible fixed assets -€14,006
down €14,006 (-31.9%), from €43,966 to €29,960
of which Furniture and vehicles: -€13,631
- Reserves +€88,000
up €88,000 (+16.8%), from €523,260 to €611,260
- Financial income +€30,005
up €30,005 (+177%), from €16,920 to €46,925
- Gross operating margin +€27,165
up €27,165 (+41.3%), from €65,703 to €92,868
- Taxes +€17,224
up €17,224 (+89.7%), from €19,202 to €36,426
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 | €623,957 | €715,269 | +€91,312 | +14.6% |
| Fixed assets | 21/28 | €56,710 | €42,704 | -€14,006 | -24.7% |
| Tangible fixed assets | 22/27 | €43,966 | €29,960 | -€14,006 | -31.9% |
| Furniture and vehicles | 24 | €42,749 | €29,119 | -€13,631 | -31.9% |
| Other tangible fixed assets | 26 | €1,217 | €842 | -€375 | -30.8% |
| Financial fixed assets | 28 | €12,744 | €12,744 | = | 0.0% |
| Current assets | 29/58 | €567,247 | €672,565 | +€105,318 | +18.6% |
| Amounts receivable within one year | 40/41 | €18,150 | €18,150 | = | 0.0% |
| Trade receivables | 40 | €18,150 | €18,150 | = | 0.0% |
| Current investments | 50/53 | €16,700 | €22,700 | +€6,000 | +35.9% |
| Cash at bank and in hand | 54/58 | €529,844 | €631,715 | +€101,871 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,553 | €0 | -€2,553 | -100% |
| Total equity and liabilities | 10/49 | €623,957 | €715,269 | +€91,312 | +14.6% |
| Equity | 10/15 | €603,650 | €691,773 | +€88,122 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €523,260 | €611,260 | +€88,000 | +16.8% |
| Distributable reserves | 133 | €523,260 | €611,260 | +€88,000 | +16.8% |
| Profit (loss) carried forward | 14 | €74,190 | €74,313 | +€122 | +0.2% |
| Amounts payable | 17/49 | €20,307 | €23,497 | +€3,190 | +15.7% |
| Amounts payable within one year | 42/48 | €20,307 | €23,497 | +€3,190 | +15.7% |
| Trade debts | 44 | €2,472 | €2,749 | +€277 | +11.2% |
| Suppliers | 440/4 | €2,472 | €2,749 | +€277 | +11.2% |
| Taxes, remuneration and social security | 45 | €17,347 | €20,276 | +€2,929 | +16.9% |
| Taxes | 450/3 | €17,347 | €20,276 | +€2,929 | +16.9% |
| Other amounts payable | 47/48 | €488 | €472 | -€16 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,814 | €14,006 | +€191 | +1.4% |
| Other operating charges | 640/8 | €970 | €1,044 | +€74 | +7.6% |
| Gross operating margin | 9900 | €65,703 | €92,868 | +€27,165 | +41.3% |
| Operating profit (loss) | 9901 | €50,918 | €77,818 | +€26,900 | +52.8% |
| Financial income | 75/76B | €16,920 | €46,925 | +€30,005 | +177% |
| Recurring financial income | 75 | €16,920 | €46,925 | +€30,005 | +177% |
| Financial charges | 65/66B | €74 | €195 | +€122 | +166% |
| Recurring financial charges | 65 | €74 | €195 | +€122 | +166% |
| Profit (loss) for the period before taxes | 9903 | €67,765 | €124,548 | +€56,783 | +83.8% |
| Income taxes | 67/77 | €19,202 | €36,426 | +€17,224 | +89.7% |
| Profit (loss) for the period | 9904 | €48,563 | €88,122 | +€39,559 | +81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,563 | €88,122 | +€39,559 | +81.5% |
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 15 October 2026 via checked.be.