YOUR SOLUTION: what changed
Two fiscal 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.
YOUR SOLUTION
Largest movements
- Receivables within one year -€55,591
down €55,591 (-66.8%), from €83,164 to €27,572
of which Trade receivables: -€55,612
- Cash +€45,527
up €45,527 (+23.0%), from €198,311 to €243,838
mainly Net result for the year (+€116,248) and Receivables within one year (+€55,591)
- Tangible fixed assets +€13,245
up €13,245 (+104.7%), from €12,655 to €25,901
of which Furniture and vehicles: +€15,093
- Other debts +€16,843
up €16,843 (+11.0%), from €152,663 to €169,506
- Reserves -€12,990
down €12,990 (-2.1%), from €607,447 to €594,457
of which Distributable reserves: -€12,990
- Gross operating margin +€28,933
up €28,933 (+18.8%), from €153,555 to €182,488
- Financial income -€7,606
down €7,606 (-97.3%), from €7,819 to €213
- Taxes +€7,147
up €7,147 (+17.3%), from €41,365 to €48,512
- Financial charges -€6,175
down €6,175 (-35.7%), from €17,307 to €11,132
- Depreciation +€3,039
up €3,039 (+113.7%), from €2,673 to €5,713
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 | €789,745 | €793,704 | +€3,958 | +0.5% |
| Fixed assets | 21/28 | €12,655 | €25,901 | +€13,245 | +104.7% |
| Tangible fixed assets | 22/27 | €12,655 | €25,901 | +€13,245 | +104.7% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,371 | €18,464 | +€15,093 | +447.7% |
| Other tangible fixed assets | 26 | €9,285 | €7,437 | -€1,847 | -19.9% |
| Current assets | 29/58 | €777,090 | €767,803 | -€9,287 | -1.2% |
| Amounts receivable within one year | 40/41 | €83,164 | €27,572 | -€55,591 | -66.8% |
| Trade receivables | 40 | €83,157 | €27,544 | -€55,612 | -66.9% |
| Other amounts receivable | 41 | €7 | €28 | +€21 | +300.0% |
| Current investments | 50/53 | €495,148 | €495,148 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €198,311 | €243,838 | +€45,527 | +23.0% |
| Deferred charges and accrued income | 490/1 | €468 | €1,245 | +€777 | +165.8% |
| Total equity and liabilities | 10/49 | €789,745 | €793,704 | +€3,958 | +0.5% |
| Equity | 10/15 | €613,661 | €600,671 | -€12,990 | -2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €607,447 | €594,457 | -€12,990 | -2.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,006 | €57,006 | = | 0.0% |
| Distributable reserves | 133 | €548,581 | €535,591 | -€12,990 | -2.4% |
| Profit (loss) carried forward | 14 | €14 | €14 | = | 0.0% |
| Amounts payable | 17/49 | €176,084 | €193,032 | +€16,948 | +9.6% |
| Amounts payable within one year | 42/48 | €176,084 | €193,032 | +€16,948 | +9.6% |
| Trade debts | 44 | €2,026 | €1,030 | -€995 | -49.1% |
| Suppliers | 440/4 | €2,026 | €1,030 | -€995 | -49.1% |
| Advances received on contracts in progress | 46 | - | €3,612 | +€3,612 | |
| Taxes, remuneration and social security | 45 | €21,395 | €18,884 | -€2,512 | -11.7% |
| Taxes | 450/3 | €21,395 | €18,884 | -€2,512 | -11.7% |
| Other amounts payable | 47/48 | €152,663 | €169,506 | +€16,843 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,673 | €5,713 | +€3,039 | +113.7% |
| Other operating charges | 640/8 | €513 | €1,095 | +€582 | +113.5% |
| Gross operating margin | 9900 | €153,555 | €182,488 | +€28,933 | +18.8% |
| Operating profit (loss) | 9901 | €150,369 | €175,680 | +€25,311 | +16.8% |
| Financial income | 75/76B | €7,819 | €213 | -€7,606 | -97.3% |
| Recurring financial income | 75 | €7,819 | €213 | -€7,606 | -97.3% |
| Financial charges | 65/66B | €17,307 | €11,132 | -€6,175 | -35.7% |
| Recurring financial charges | 65 | €17,307 | €11,132 | -€6,175 | -35.7% |
| Profit (loss) for the period before taxes | 9903 | €140,880 | €164,761 | +€23,880 | +17.0% |
| Income taxes | 67/77 | €41,365 | €48,512 | +€7,147 | +17.3% |
| Profit (loss) for the period | 9904 | €99,515 | €116,248 | +€16,733 | +16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €99,515 | €116,248 | +€16,733 | +16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.