Training Navigation: 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.
Training Navigation
Largest movements
- Receivables within one year +€3,346
up €3,346 (+72.4%), from €4,619 to €7,965
of which Trade receivables: +€2,293
- Cash +€1,865
up €1,865 (+9.2%), from €20,340 to €22,206
mainly Net result for the year (+€12,469) and Depreciation (+€1,418)
- Tangible fixed assets -€1,418
down €1,418 (-25.6%), from €5,540 to €4,122
of which Plant, machinery and equipment: -€793
- Deferred charges and accrued income -€703
down €703 (-63.1%), from €1,114 to €411
- Reserves +€12,469
up €12,469 (+60.1%), from €20,732 to €33,200
- Tax, wage and social debts -€8,829
down €8,829 (-91.9%), from €9,602 to €773
- Trade debts -€549
down €549 (-47.6%), from €1,154 to €605
- Gross operating margin -€8,695
down €8,695 (-31.6%), from €27,552 to €18,857
- Taxes -€2,882
down €2,882 (-41.0%), from €7,037 to €4,155
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 | €31,612 | €34,703 | +€3,091 | +9.8% |
| Fixed assets | 21/28 | €5,540 | €4,122 | -€1,418 | -25.6% |
| Tangible fixed assets | 22/27 | €5,540 | €4,122 | -€1,418 | -25.6% |
| Plant, machinery and equipment | 23 | €3,331 | €2,538 | -€793 | -23.8% |
| Furniture and vehicles | 24 | €2,209 | €1,584 | -€625 | -28.3% |
| Current assets | 29/58 | €26,072 | €30,581 | +€4,509 | +17.3% |
| Amounts receivable within one year | 40/41 | €4,619 | €7,965 | +€3,346 | +72.4% |
| Trade receivables | 40 | €4,619 | €6,911 | +€2,293 | +49.6% |
| Other amounts receivable | 41 | €0 | €1,053 | +€1,053 | |
| Cash at bank and in hand | 54/58 | €20,340 | €22,206 | +€1,865 | +9.2% |
| Deferred charges and accrued income | 490/1 | €1,114 | €411 | -€703 | -63.1% |
| Total equity and liabilities | 10/49 | €31,612 | €34,703 | +€3,091 | +9.8% |
| Equity | 10/15 | €20,732 | €33,200 | +€12,469 | +60.1% |
| Reserves | 13 | €20,732 | €33,200 | +€12,469 | +60.1% |
| Distributable reserves | 133 | €20,732 | €33,200 | +€12,469 | +60.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,881 | €1,503 | -€9,378 | -86.2% |
| Amounts payable within one year | 42/48 | €10,881 | €1,503 | -€9,378 | -86.2% |
| Trade debts | 44 | €1,154 | €605 | -€549 | -47.6% |
| Suppliers | 440/4 | €1,154 | €605 | -€549 | -47.6% |
| Taxes, remuneration and social security | 45 | €9,602 | €773 | -€8,829 | -91.9% |
| Taxes | 450/3 | €9,602 | €773 | -€8,829 | -91.9% |
| Other amounts payable | 47/48 | €124 | €124 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,259 | €1,418 | +€159 | +12.6% |
| Other operating charges | 640/8 | €588 | €712 | +€123 | +21.0% |
| Gross operating margin | 9900 | €27,552 | €18,857 | -€8,695 | -31.6% |
| Operating profit (loss) | 9901 | €25,705 | €16,727 | -€8,977 | -34.9% |
| Financial income | 75/76B | €0 | €0 | +€0 | +4,400% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +4,400% |
| Financial charges | 65/66B | €105 | €104 | -€1 | -1.2% |
| Recurring financial charges | 65 | €105 | €104 | -€1 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €25,599 | €16,624 | -€8,976 | -35.1% |
| Income taxes | 67/77 | €7,037 | €4,155 | -€2,882 | -41.0% |
| Profit (loss) for the period | 9904 | €18,562 | €12,469 | -€6,094 | -32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,562 | €12,469 | -€6,094 | -32.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.