Two Pillars: 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.
Two Pillars
Largest movements
- Cash +€17,004
up €17,004 (+1,726%), from €985 to €17,989
mainly Other debts (+€50,000) and Net result for the year (+€21,710)
- Receivables within one year -€8,403
down €8,403 (-19.8%), from €42,514 to €34,111
of which Other amounts receivable: -€17,478
- Tangible fixed assets -€1,669
down €1,669 (-2.7%), from €61,237 to €59,568
of which Land and buildings: -€1,356
- Other debts +€50,000
up €50,000, from €0 to €50,000
- Profit (loss) carried forward -€28,290
down €28,290 (-93.9%), from €30,141 to €1,850
- Trade debts -€9,505
down €9,505 (-90.5%), from €10,505 to €1,000
- Debts after one year -€6,337
down €6,337 (-14.8%), from €42,816 to €36,479
- Purchases and services -€73,620
no longer reported in 2026 (was €73,620)
- Turnover -€61,712
no longer reported in 2026 (was €61,712)
- Gross operating margin +€34,932
up €34,932, from -€7,836 to €27,096
- Depreciation -€6,989
down €6,989 (-80.7%), from €8,657 to €1,669
- Financial income -€2,256
no longer reported in 2026 (was €2,256)
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 | €105,118 | €111,669 | +€6,550 | +6.2% |
| Fixed assets | 21/28 | €61,237 | €59,568 | -€1,669 | -2.7% |
| Tangible fixed assets | 22/27 | €61,237 | €59,568 | -€1,669 | -2.7% |
| Land and buildings | 22 | €60,078 | €58,722 | -€1,356 | -2.3% |
| Plant, machinery and equipment | 23 | €1,159 | €846 | -€312 | -27.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €43,881 | €52,100 | +€8,219 | +18.7% |
| Amounts receivable within one year | 40/41 | €42,514 | €34,111 | -€8,403 | -19.8% |
| Trade receivables | 40 | €17,180 | €26,255 | +€9,075 | +52.8% |
| Other amounts receivable | 41 | €25,334 | €7,856 | -€17,478 | -69.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €985 | €17,989 | +€17,004 | +1,726% |
| Deferred charges and accrued income | 490/1 | €382 | - | -€382 | |
| Total equity and liabilities | 10/49 | €105,118 | €111,669 | +€6,550 | +6.2% |
| Equity | 10/15 | €34,541 | €6,250 | -€28,290 | -81.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,141 | €1,850 | -€28,290 | -93.9% |
| Amounts payable | 17/49 | €70,577 | €105,418 | +€34,841 | +49.4% |
| Amounts payable after more than one year | 17 | €42,816 | €36,479 | -€6,337 | -14.8% |
| Financial debts | 170/4 | €42,816 | €36,479 | -€6,337 | -14.8% |
| Amounts payable within one year | 42/48 | €27,762 | €68,940 | +€41,178 | +148% |
| Current portion of amounts payable after more than one year | 42 | €6,155 | €6,337 | +€182 | +3.0% |
| Financial debts | 43 | €13 | €49 | +€36 | +266% |
| Credit institutions | 430/8 | €13 | €49 | +€36 | +266% |
| Trade debts | 44 | €10,505 | €1,000 | -€9,505 | -90.5% |
| Suppliers | 440/4 | €10,505 | €1,000 | -€9,505 | -90.5% |
| Taxes, remuneration and social security | 45 | €11,088 | €11,554 | +€465 | +4.2% |
| Taxes | 450/3 | €5,388 | €8,704 | +€3,315 | +61.5% |
| Remuneration and social security | 454/9 | €5,700 | €2,850 | -€2,850 | -50.0% |
| Other amounts payable | 47/48 | €0 | €50,000 | +€50,000 | |
| Turnover | 70 | €61,712 | - | -€61,712 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €73,620 | - | -€73,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,657 | €1,669 | -€6,989 | -80.7% |
| Other operating charges | 640/8 | €941 | €1,174 | +€232 | +24.7% |
| Gross operating margin | 9900 | -€7,836 | €27,096 | +€34,932 | |
| Operating profit (loss) | 9901 | -€17,435 | €24,254 | +€41,688 | |
| Financial income | 75/76B | €2,256 | - | -€2,256 | |
| Recurring financial income | 75 | €2,256 | - | -€2,256 | |
| Financial charges | 65/66B | €1,897 | €2,215 | +€318 | +16.7% |
| Recurring financial charges | 65 | €1,897 | €2,215 | +€318 | +16.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,076 | €22,038 | +€39,114 | |
| Income taxes | 67/77 | €336 | €329 | -€7 | -2.2% |
| Profit (loss) for the period | 9904 | -€17,412 | €21,710 | +€39,122 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,412 | €21,710 | +€39,122 |
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.