DE TIP: 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.
DE TIP
Largest movements
- Cash +€127,105
up €127,105 (+26.0%), from €487,933 to €615,039
mainly Receivables within one year (+€112,274) and Net result for the year (+€97,628)
- Receivables within one year -€112,274
down €112,274 (-79.5%), from €141,214 to €28,940
of which Other amounts receivable: -€110,693
- Stocks and contracts -€16,355
down €16,355 (-16.8%), from €97,550 to €81,196
- Tangible fixed assets -€8,069
down €8,069 (-26.0%), from €30,997 to €22,929
of which Plant, machinery and equipment: -€7,576
- Reserves -€42,988
down €42,988 (-7.6%), from €567,112 to €524,124
- Tax, wage and social debts +€23,546
up €23,546 (+95.1%), from €24,760 to €48,305
of which Taxes: +€27,881
- Other debts +€21,184
up €21,184 (+17.7%), from €119,433 to €140,617
- Trade debts -€11,240
down €11,240 (-42.9%), from €26,231 to €14,991
- Gross operating margin +€35,009
up €35,009 (+19.5%), from €179,238 to €214,247
- Staff costs +€17,267
up €17,267 (+30.4%), from €56,819 to €74,086
- Taxes +€6,248
up €6,248 (+18.1%), from €34,446 to €40,693
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 | €758,536 | €749,037 | -€9,499 | -1.3% |
| Fixed assets | 21/28 | €31,360 | €23,395 | -€7,965 | -25.4% |
| Tangible fixed assets | 22/27 | €30,997 | €22,929 | -€8,069 | -26.0% |
| Plant, machinery and equipment | 23 | €26,641 | €19,064 | -€7,576 | -28.4% |
| Other tangible fixed assets | 26 | €4,357 | €3,864 | -€493 | -11.3% |
| Financial fixed assets | 28 | €363 | €467 | +€104 | +28.5% |
| Current assets | 29/58 | €727,175 | €725,641 | -€1,534 | -0.2% |
| Stocks and contracts in progress | 3 | €97,550 | €81,196 | -€16,355 | -16.8% |
| Stocks | 30/36 | €97,550 | €81,196 | -€16,355 | -16.8% |
| Amounts receivable within one year | 40/41 | €141,214 | €28,940 | -€112,274 | -79.5% |
| Trade receivables | 40 | €12,010 | €10,429 | -€1,581 | -13.2% |
| Other amounts receivable | 41 | €129,204 | €18,511 | -€110,693 | -85.7% |
| Cash at bank and in hand | 54/58 | €487,933 | €615,039 | +€127,105 | +26.0% |
| Deferred charges and accrued income | 490/1 | €478 | €467 | -€11 | -2.3% |
| Total equity and liabilities | 10/49 | €758,536 | €749,037 | -€9,499 | -1.3% |
| Equity | 10/15 | €588,112 | €545,124 | -€42,988 | -7.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €567,112 | €524,124 | -€42,988 | -7.6% |
| Distributable reserves | 133 | €567,112 | €524,124 | -€42,988 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,423 | €203,913 | +€33,489 | +19.7% |
| Amounts payable within one year | 42/48 | €170,423 | €203,913 | +€33,489 | +19.7% |
| Trade debts | 44 | €26,231 | €14,991 | -€11,240 | -42.9% |
| Suppliers | 440/4 | €26,231 | €14,991 | -€11,240 | -42.9% |
| Taxes, remuneration and social security | 45 | €24,760 | €48,305 | +€23,546 | +95.1% |
| Taxes | 450/3 | €10,573 | €38,455 | +€27,881 | +263.7% |
| Remuneration and social security | 454/9 | €14,186 | €9,851 | -€4,336 | -30.6% |
| Other amounts payable | 47/48 | €119,433 | €140,617 | +€21,184 | +17.7% |
| Remuneration, social security and pensions | 62 | €56,819 | €74,086 | +€17,267 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,089 | €8,069 | -€20 | -0.3% |
| Other operating charges | 640/8 | €1,770 | €1,377 | -€392 | -22.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €179,238 | €214,247 | +€35,009 | +19.5% |
| Operating profit (loss) | 9901 | €112,560 | €130,715 | +€18,155 | +16.1% |
| Financial income | 75/76B | €9,396 | €8,088 | -€1,308 | -13.9% |
| Recurring financial income | 75 | €9,396 | €8,088 | -€1,308 | -13.9% |
| Financial charges | 65/66B | €305 | €482 | +€177 | +58.1% |
| Recurring financial charges | 65 | €305 | €482 | +€177 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €121,652 | €138,322 | +€16,670 | +13.7% |
| Income taxes | 67/77 | €34,446 | €40,693 | +€6,248 | +18.1% |
| Profit (loss) for the period | 9904 | €87,206 | €97,628 | +€10,422 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €87,206 | €97,628 | +€10,422 | +12.0% |
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.