Werner Fastenaekels: 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.
Werner Fastenaekels
Largest movements
- Receivables within one year -€201,452
down €201,452 (-95.9%), from €209,982 to €8,529
of which Other amounts receivable: -€183,302
- Cash +€136,662
up €136,662 (+707%), from €19,326 to €155,988
mainly Receivables within one year (+€201,452) and Current investments (+€30,000)
- Current investments -€30,000
down €30,000 (-100%), from €30,000 to €0
- Other debts -€94,525
down €94,525 (-100%), from €94,525 to €0
- Gross operating margin -€12,374
down €12,374, from €10,003 to -€2,371
- Financial income -€7,812
down €7,812 (-86.9%), from €8,992 to €1,179
of which Financial income: -€7,812
- Other operating charges -€5,233
down €5,233 (-84.8%), from €6,171 to €939
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 | €261,833 | €165,022 | -€96,811 | -37.0% |
| Current assets | 29/58 | €261,833 | €165,022 | -€96,811 | -37.0% |
| Amounts receivable within one year | 40/41 | €209,982 | €8,529 | -€201,452 | -95.9% |
| Trade receivables | 40 | €18,150 | €0 | -€18,150 | -100% |
| Other amounts receivable | 41 | €191,832 | €8,529 | -€183,302 | -95.6% |
| Current investments | 50/53 | €30,000 | €0 | -€30,000 | -100% |
| Cash at bank and in hand | 54/58 | €19,326 | €155,988 | +€136,662 | +707% |
| Deferred charges and accrued income | 490/1 | €2,526 | €505 | -€2,021 | -80.0% |
| Total equity and liabilities | 10/49 | €261,833 | €165,022 | -€96,811 | -37.0% |
| Equity | 10/15 | €167,308 | €164,968 | -€2,340 | -1.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,108 | €158,768 | -€2,340 | -1.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €161,108 | €158,768 | -€2,340 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,525 | €54 | -€94,471 | -99.9% |
| Amounts payable within one year | 42/48 | €94,525 | €54 | -€94,471 | -99.9% |
| Trade debts | 44 | - | €54 | +€54 | |
| Suppliers | 440/4 | - | €54 | +€54 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €94,525 | €0 | -€94,525 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Other operating charges | 640/8 | €6,171 | €939 | -€5,233 | -84.8% |
| Gross operating margin | 9900 | €10,003 | -€2,371 | -€12,374 | |
| Operating profit (loss) | 9901 | €3,832 | -€3,309 | -€7,141 | |
| Financial income | 75/76B | €8,992 | €1,179 | -€7,812 | -86.9% |
| Recurring financial income | 75 | €8,992 | €1,179 | -€7,812 | -86.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €88 | €55 | -€32 | -37.0% |
| Recurring financial charges | 65 | €88 | €55 | -€32 | -37.0% |
| Profit (loss) for the period before taxes | 9903 | €12,736 | -€2,185 | -€14,921 | |
| Income taxes | 67/77 | €149 | €155 | +€6 | +3.9% |
| Profit (loss) for the period | 9904 | €12,586 | -€2,340 | -€14,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,586 | -€2,340 | -€14,927 |
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 27 October 2026 via checked.be.