Xavier TOMBEUR: 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.
Xavier TOMBEUR
Largest movements
- Cash +€135,685
up €135,685 (+142.4%), from €95,279 to €230,964
mainly Net result for the year (+€234,364) and Depreciation (+€8,094)
- Receivables within one year +€48,991
up €48,991 (+100.9%), from €48,574 to €97,565
of which Trade receivables: +€43,600
- Current investments +€23,470
up €23,470 (+166.7%), from €14,081 to €37,551
- Tangible fixed assets -€6,356
down €6,356 (-46.5%), from €13,661 to €7,305
of which Furniture and vehicles: -€5,787
- Reserves +€233,000
new in 2026: €233,000
- Other debts -€20,505
down €20,505 (-13.1%), from €157,001 to €136,497
- Tax, wage and social debts -€11,435
down €11,435 (-79.1%), from €14,456 to €3,021
- Gross operating margin -€129,052
down €129,052 (-28.7%), from €449,661 to €320,609
- Taxes -€31,355
down €31,355 (-29.1%), from €107,797 to €76,442
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.
Cash bridge derived
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 | €173,828 | €375,680 | +€201,852 | +116.1% |
| Fixed assets | 21/28 | €13,661 | €7,305 | -€6,356 | -46.5% |
| Tangible fixed assets | 22/27 | €13,661 | €7,305 | -€6,356 | -46.5% |
| Plant, machinery and equipment | 23 | €568 | - | -€568 | |
| Furniture and vehicles | 24 | €13,092 | €7,305 | -€5,787 | -44.2% |
| Current assets | 29/58 | €160,168 | €368,375 | +€208,207 | +130.0% |
| Amounts receivable within one year | 40/41 | €48,574 | €97,565 | +€48,991 | +100.9% |
| Trade receivables | 40 | €48,400 | €92,000 | +€43,600 | +90.1% |
| Other amounts receivable | 41 | €174 | €5,565 | +€5,391 | +3102.1% |
| Current investments | 50/53 | €14,081 | €37,551 | +€23,470 | +166.7% |
| Cash at bank and in hand | 54/58 | €95,279 | €230,964 | +€135,685 | +142.4% |
| Deferred charges and accrued income | 490/1 | €2,234 | €2,294 | +€61 | +2.7% |
| Total equity and liabilities | 10/49 | €173,828 | €375,680 | +€201,852 | +116.1% |
| Equity | 10/15 | €1,605 | €234,970 | +€233,364 | +14535.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €233,000 | +€233,000 | |
| Distributable reserves | 133 | - | €233,000 | +€233,000 | |
| Profit (loss) carried forward | 14 | €105 | €470 | +€364 | +345.3% |
| Amounts payable | 17/49 | €172,223 | €140,710 | -€31,513 | -18.3% |
| Amounts payable within one year | 42/48 | €172,135 | €140,620 | -€31,514 | -18.3% |
| Trade debts | 44 | €677 | €1,102 | +€425 | +62.7% |
| Suppliers | 440/4 | €677 | €1,102 | +€425 | +62.7% |
| Taxes, remuneration and social security | 45 | €14,456 | €3,021 | -€11,435 | -79.1% |
| Taxes | 450/3 | €14,456 | €3,021 | -€11,435 | -79.1% |
| Other amounts payable | 47/48 | €157,001 | €136,497 | -€20,505 | -13.1% |
| Accrued charges and deferred income | 492/3 | €88 | €90 | +€2 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,056 | €8,094 | -€962 | -10.6% |
| Other operating charges | 640/8 | €901 | €930 | +€28 | +3.2% |
| Gross operating margin | 9900 | €449,661 | €320,609 | -€129,052 | -28.7% |
| Operating profit (loss) | 9901 | €439,704 | €311,585 | -€128,119 | -29.1% |
| Financial income | 75/76B | €410 | - | -€410 | |
| Recurring financial income | 75 | €410 | - | -€410 | |
| Financial charges | 65/66B | €287 | €779 | +€492 | +171.2% |
| Recurring financial charges | 65 | €287 | €779 | +€492 | +171.2% |
| Profit (loss) for the period before taxes | 9903 | €439,827 | €310,806 | -€129,021 | -29.3% |
| Income taxes | 67/77 | €107,797 | €76,442 | -€31,355 | -29.1% |
| Profit (loss) for the period | 9904 | €332,030 | €234,364 | -€97,666 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €332,030 | €234,364 | -€97,666 | -29.4% |
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 10 October 2026 via checked.be.