DOUBLE D: what changed
DOUBLE D
Largest movements
- Stocks and contracts -€49,903
down €49,903 (-40.7%), from €122,476 to €72,573
- Cash +€10,130
up €10,130 (+115%), from €8,837 to €18,967
mainly Stocks and contracts (+€49,903) and Investment in fixed assets (net) (+€4,636)
- Receivables within one year +€9,706
up €9,706 (+2,194%), from €442 to €10,148
of which Trade receivables: +€5,308
- Tangible fixed assets -€7,575
down €7,575 (-58.9%), from €12,853 to €5,278
of which Furniture and vehicles: -€6,193
- Receivables after one year +€6,000
up €6,000 (+50.0%), from €12,000 to €18,000
- Trade debts -€21,737
down €21,737 (-28.8%), from €75,495 to €53,758
- Short-term financial debts -€5,244
down €5,244 (-99.6%), from €5,265 to €22
- Tax, wage and social debts -€4,602
down €4,602 (-11.0%), from €41,828 to €37,225
of which Taxes: -€4,963
- Gross operating margin -€6,793
down €6,793 (-17.4%), from €39,146 to €32,353
- Taxes -€2,103
down €2,103 (-82.4%), from €2,553 to €450
- Depreciation -€1,031
down €1,031 (-26.0%), from €3,970 to €2,939
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €163,768 | €133,032 | -€30,736 | -18.8% |
| Fixed assets | 21/28 | €13,308 | €5,733 | -€7,575 | -56.9% |
| Tangible fixed assets | 22/27 | €12,853 | €5,278 | -€7,575 | -58.9% |
| Plant, machinery and equipment | 23 | €2,084 | €702 | -€1,382 | -66.3% |
| Furniture and vehicles | 24 | €10,769 | €4,576 | -€6,193 | -57.5% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €150,460 | €127,299 | -€23,161 | -15.4% |
| Amounts receivable after more than one year | 29 | €12,000 | €18,000 | +€6,000 | +50.0% |
| Other amounts receivable | 291 | €12,000 | €18,000 | +€6,000 | +50.0% |
| Stocks and contracts in progress | 3 | €122,476 | €72,573 | -€49,903 | -40.7% |
| Stocks | 30/36 | €122,476 | €72,573 | -€49,903 | -40.7% |
| Amounts receivable within one year | 40/41 | €442 | €10,148 | +€9,706 | +2,194% |
| Trade receivables | 40 | €442 | €5,751 | +€5,308 | +1,200% |
| Other amounts receivable | 41 | - | €4,398 | +€4,398 | |
| Cash at bank and in hand | 54/58 | €8,837 | €18,967 | +€10,130 | +115% |
| Deferred charges and accrued income | 490/1 | €6,705 | €7,610 | +€906 | +13.5% |
| Total equity and liabilities | 10/49 | €163,768 | €133,032 | -€30,736 | -18.8% |
| Equity | 10/15 | €41,179 | €41,943 | +€765 | +1.9% |
| Contributions | 10/11 | €80,565 | €80,565 | = | 0.0% |
| Reserves | 13 | €2,147 | €2,147 | = | 0.0% |
| Tax-exempt reserves | 132 | €950 | €950 | = | 0.0% |
| Distributable reserves | 133 | €1,197 | €1,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,534 | -€40,769 | +€765 | +1.8% |
| Amounts payable | 17/49 | €122,589 | €91,088 | -€31,501 | -25.7% |
| Amounts payable within one year | 42/48 | €122,589 | €91,088 | -€31,501 | -25.7% |
| Financial debts | 43 | €5,265 | €22 | -€5,244 | -99.6% |
| Credit institutions | 430/8 | €5,265 | €22 | -€5,244 | -99.6% |
| Trade debts | 44 | €75,495 | €53,758 | -€21,737 | -28.8% |
| Suppliers | 440/4 | €75,495 | €53,758 | -€21,737 | -28.8% |
| Taxes, remuneration and social security | 45 | €41,828 | €37,225 | -€4,602 | -11.0% |
| Taxes | 450/3 | €38,339 | €33,375 | -€4,963 | -12.9% |
| Remuneration and social security | 454/9 | €3,489 | €3,850 | +€361 | +10.3% |
| Other amounts payable | 47/48 | €2 | €83 | +€82 | +5,020% |
| Remuneration, social security and pensions | 62 | €24,423 | €24,568 | +€145 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,970 | €2,939 | -€1,031 | -26.0% |
| Other operating charges | 640/8 | €1,138 | €1,037 | -€101 | -8.8% |
| Gross operating margin | 9900 | €39,146 | €32,353 | -€6,793 | -17.4% |
| Operating profit (loss) | 9901 | €9,615 | €3,808 | -€5,806 | -60.4% |
| Financial income | 75/76B | - | €115 | +€115 | |
| Recurring financial income | 75 | - | €115 | +€115 | |
| Financial charges | 65/66B | €2,471 | €2,709 | +€238 | +9.7% |
| Recurring financial charges | 65 | €2,471 | €2,709 | +€238 | +9.7% |
| Profit (loss) for the period before taxes | 9903 | €7,144 | €1,214 | -€5,930 | -83.0% |
| Income taxes | 67/77 | €2,553 | €450 | -€2,103 | -82.4% |
| Profit (loss) for the period | 9904 | €4,591 | €765 | -€3,827 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,591 | €765 | -€3,827 | -83.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.