THINK ALIKE: 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 ALIKE
Largest movements
- Stocks and contracts +€52,149
up €52,149 (+22.2%), from €234,632 to €286,781
- Tangible fixed assets -€4,816
down €4,816 (-13.3%), from €36,126 to €31,309
- Reserves +€58,026
up €58,026 (+33.3%), from €174,123 to €232,149
of which Distributable reserves: +€58,026
- Other debts +€19,219
up €19,219 (+1,934%), from €994 to €20,213
- Contributions -€18,599
down €18,599 (-100.0%), from €18,600 to €1
- Debts after one year -€13,800
down €13,800 (-34.2%), from €40,330 to €26,531
- Short-term financial debts -€12,000
no longer reported in 2026 (was €12,000)
- Gross operating margin +€67,107
up €67,107 (+223%), from €30,057 to €97,164
- Taxes +€18,228
up €18,228 (+447%), from €4,080 to €22,309
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 | €363,985 | €412,854 | +€48,868 | +13.4% |
| Fixed assets | 21/28 | €37,960 | €33,144 | -€4,816 | -12.7% |
| Tangible fixed assets | 22/27 | €36,126 | €31,309 | -€4,816 | -13.3% |
| Furniture and vehicles | 24 | €36,126 | €31,309 | -€4,816 | -13.3% |
| Financial fixed assets | 28 | €1,834 | €1,834 | = | 0.0% |
| Current assets | 29/58 | €326,025 | €379,710 | +€53,684 | +16.5% |
| Stocks and contracts in progress | 3 | €234,632 | €286,781 | +€52,149 | +22.2% |
| Stocks | 30/36 | €234,632 | €286,781 | +€52,149 | +22.2% |
| Amounts receivable within one year | 40/41 | €30,780 | €27,802 | -€2,977 | -9.7% |
| Trade receivables | 40 | €18,757 | €27,802 | +€9,046 | +48.2% |
| Other amounts receivable | 41 | €12,023 | - | -€12,023 | |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €614 | €2,127 | +€1,513 | +246% |
| Deferred charges and accrued income | 490/1 | - | €3,000 | +€3,000 | |
| Total equity and liabilities | 10/49 | €363,985 | €412,854 | +€48,868 | +13.4% |
| Equity | 10/15 | €192,723 | €232,150 | +€39,427 | +20.5% |
| Contributions | 10/11 | €18,600 | €1 | -€18,599 | -100.0% |
| Reserves | 13 | €174,123 | €232,149 | +€58,026 | +33.3% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Own shares acquired | 1312 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €114,123 | €172,149 | +€58,026 | +50.8% |
| Amounts payable | 17/49 | €171,263 | €180,704 | +€9,441 | +5.5% |
| Amounts payable after more than one year | 17 | €40,330 | €26,531 | -€13,800 | -34.2% |
| Financial debts | 170/4 | €40,330 | €26,531 | -€13,800 | -34.2% |
| Amounts payable within one year | 42/48 | €130,932 | €154,173 | +€23,241 | +17.8% |
| Current portion of amounts payable after more than one year | 42 | €13,740 | €13,981 | +€241 | +1.8% |
| Financial debts | 43 | €12,000 | - | -€12,000 | |
| Credit institutions | 430/8 | €12,000 | - | -€12,000 | |
| Trade debts | 44 | €71,277 | €80,816 | +€9,539 | +13.4% |
| Suppliers | 440/4 | €71,277 | €80,816 | +€9,539 | +13.4% |
| Taxes, remuneration and social security | 45 | €32,921 | €39,163 | +€6,242 | +19.0% |
| Taxes | 450/3 | €32,921 | €37,657 | +€4,736 | +14.4% |
| Remuneration and social security | 454/9 | - | €1,506 | +€1,506 | |
| Other amounts payable | 47/48 | €994 | €20,213 | +€19,219 | +1,934% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,912 | €10,590 | +€677 | +6.8% |
| Other operating charges | 640/8 | €890 | €544 | -€346 | -38.9% |
| Gross operating margin | 9900 | €30,057 | €97,164 | +€67,107 | +223% |
| Operating profit (loss) | 9901 | €19,255 | €86,030 | +€66,775 | +347% |
| Financial income | 75/76B | €200 | €233 | +€33 | +16.6% |
| Recurring financial income | 75 | €200 | €233 | +€33 | +16.6% |
| Financial charges | 65/66B | €5,186 | €5,928 | +€742 | +14.3% |
| Recurring financial charges | 65 | €5,186 | €5,928 | +€742 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €14,269 | €80,335 | +€66,066 | +463% |
| Income taxes | 67/77 | €4,080 | €22,309 | +€18,228 | +447% |
| Profit (loss) for the period | 9904 | €10,188 | €58,026 | +€47,838 | +470% |
| Profit (loss) for the period to be appropriated | 9905 | €10,188 | €58,026 | +€47,838 | +470% |
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 19 October 2026 via checked.be.