WV1: 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.
WV1
Largest movements
- Cash +€679,152
up €679,152 (+570%), from €119,140 to €798,292
mainly Receivables within one year (+€475,137) and Tax, wage and social debts (+€211,900)
- Receivables within one year -€475,137
down €475,137 (-54.8%), from €867,342 to €392,206
of which Trade receivables: -€474,270
- Tax, wage and social debts +€211,900
up €211,900 (+70.7%), from €299,798 to €511,699
of which Remuneration and social security: +€176,960
- Profit (loss) carried forward -€35,324
down €35,324 (-19.6%), from €180,581 to €145,257
- Staff costs +€471,435
up €471,435 (+20.9%), from €2.3m to €2.7m
- Turnover +€419,548
up €419,548 (+11.5%), from €3.6m to €4.1m
- Services and other goods -€68,731
down €68,731 (-5.9%), from €1.2m to €1.1m
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 | €1,020,583 | €1,215,329 | +€194,746 | +19.1% |
| Fixed assets | 21/28 | €30,929 | €19,361 | -€11,568 | -37.4% |
| Tangible fixed assets | 22/27 | €30,929 | €19,361 | -€11,568 | -37.4% |
| Plant, machinery and equipment | 23 | €26,286 | €16,310 | -€9,975 | -37.9% |
| Other tangible fixed assets | 26 | €4,643 | €3,050 | -€1,593 | -34.3% |
| Current assets | 29/58 | €989,654 | €1,195,968 | +€206,315 | +20.8% |
| Amounts receivable within one year | 40/41 | €867,342 | €392,206 | -€475,137 | -54.8% |
| Trade receivables | 40 | €866,056 | €391,786 | -€474,270 | -54.8% |
| Other amounts receivable | 41 | €1,287 | €420 | -€867 | -67.4% |
| Cash at bank and in hand | 54/58 | €119,140 | €798,292 | +€679,152 | +570% |
| Deferred charges and accrued income | 490/1 | €3,172 | €5,471 | +€2,299 | +72.5% |
| Total equity and liabilities | 10/49 | €1,020,583 | €1,215,329 | +€194,746 | +19.1% |
| Equity | 10/15 | €374,760 | €347,051 | -€27,709 | -7.4% |
| Contributions | 10/11 | €165,056 | €165,056 | = | 0.0% |
| Capital | 10 | - | €165,056 | +€165,056 | |
| Issued capital | 100 | - | €165,056 | +€165,056 | |
| Reserves | 13 | €29,123 | €36,738 | +€7,615 | +26.1% |
| Non-distributable reserves | 130/1 | €9,294 | €7,615 | -€1,679 | -18.1% |
| Legal reserve | 130 | - | €7,615 | +€7,615 | |
| Reserves not available under the articles | 1311 | €9,294 | - | -€9,294 | |
| Tax-exempt reserves | 132 | €19,829 | €19,829 | = | 0.0% |
| Distributable reserves | 133 | - | €9,294 | +€9,294 | |
| Profit (loss) carried forward | 14 | €180,581 | €145,257 | -€35,324 | -19.6% |
| Amounts payable | 17/49 | €645,823 | €868,279 | +€222,456 | +34.4% |
| Amounts payable within one year | 42/48 | €645,823 | €868,279 | +€222,456 | +34.4% |
| Trade debts | 44 | €345,616 | €356,249 | +€10,633 | +3.1% |
| Suppliers | 440/4 | €345,616 | €356,249 | +€10,633 | +3.1% |
| Taxes, remuneration and social security | 45 | €299,798 | €511,699 | +€211,900 | +70.7% |
| Taxes | 450/3 | €15,819 | €50,759 | +€34,940 | +221% |
| Remuneration and social security | 454/9 | €283,980 | €460,940 | +€176,960 | +62.3% |
| Other amounts payable | 47/48 | €409 | €331 | -€78 | -19.0% |
| Operating income | 70/76A | €3,661,008 | €4,071,253 | +€410,245 | +11.2% |
| Turnover | 70 | €3,633,433 | €4,052,981 | +€419,548 | +11.5% |
| Other operating income | 74 | €27,575 | €18,272 | -€9,303 | -33.7% |
| Operating charges | 60/66A | €3,455,342 | €3,856,484 | +€401,142 | +11.6% |
| Services and other goods | 61 | €1,174,648 | €1,105,917 | -€68,731 | -5.9% |
| Remuneration, social security and pensions | 62 | €2,259,928 | €2,731,363 | +€471,435 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,982 | €14,240 | -€1,742 | -10.9% |
| Other operating charges | 640/8 | €4,783 | €4,964 | +€181 | +3.8% |
| Operating profit (loss) | 9901 | €205,666 | €214,769 | +€9,103 | +4.4% |
| Financial income | 75/76B | €46,162 | €7,641 | -€38,521 | -83.4% |
| Recurring financial income | 75 | €46,162 | €7,641 | -€38,521 | -83.4% |
| Income from current assets | 751 | €46,162 | €7,641 | -€38,521 | -83.4% |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €178 | €360 | +€181 | +102% |
| Recurring financial charges | 65 | €178 | €360 | +€181 | +102% |
| Other financial charges | 652/9 | €178 | €360 | +€181 | +102% |
| Profit (loss) for the period before taxes | 9903 | €251,650 | €222,050 | -€29,600 | -11.8% |
| Income taxes | 67/77 | €74,223 | €69,759 | -€4,464 | -6.0% |
| Taxes | 670/3 | €74,223 | €69,759 | -€4,464 | -6.0% |
| Profit (loss) for the period | 9904 | €177,427 | €152,291 | -€25,136 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €177,427 | €152,291 | -€25,136 | -14.2% |
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 16 October 2026 via checked.be.