Further: 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.
Further
Largest movements
- Intangible fixed assets -€59,699
no longer reported in 2026 (was €59,699)
- Receivables within one year -€723
down €723 (-7.6%), from €9,561 to €8,838
- Profit (loss) carried forward -€61,364
down €61,364 (-1,569%), from -€3,912 to -€65,276
- Depreciation -€1,206
down €1,206 (-8.1%), from €14,895 to €13,689
- Gross operating margin -€892
down €892 (-384%), from -€232 to -€1,124
- Financial charges +€41
up €41 (+53.9%), from €76 to €117
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,798 | €8,838 | -€60,960 | -87.3% |
| Fixed assets | 21/28 | €60,237 | - | -€60,237 | |
| Intangible fixed assets | 21 | €59,699 | - | -€59,699 | |
| Tangible fixed assets | 22/27 | €538 | - | -€538 | |
| Furniture and vehicles | 24 | €538 | - | -€538 | |
| Current assets | 29/58 | €9,561 | €8,838 | -€723 | -7.6% |
| Amounts receivable within one year | 40/41 | €9,561 | €8,838 | -€723 | -7.6% |
| Other amounts receivable | 41 | €9,561 | €8,838 | -€723 | -7.6% |
| Total equity and liabilities | 10/49 | €69,798 | €8,838 | -€60,960 | -87.3% |
| Equity | 10/15 | €69,798 | €8,434 | -€61,364 | -87.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,110 | €55,110 | = | 0.0% |
| Distributable reserves | 133 | €55,110 | €55,110 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,912 | -€65,276 | -€61,364 | -1,569% |
| Amounts payable | 17/49 | - | €404 | +€404 | |
| Amounts payable within one year | 42/48 | - | €404 | +€404 | |
| Trade debts | 44 | - | €404 | +€404 | |
| Suppliers | 440/4 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,895 | €13,689 | -€1,206 | -8.1% |
| Non-recurring operating charges | 66A | - | €46,434 | +€46,434 | |
| Gross operating margin | 9900 | -€232 | -€1,124 | -€892 | -384% |
| Operating profit (loss) | 9901 | -€15,127 | -€61,247 | -€46,120 | -305% |
| Financial charges | 65/66B | €76 | €117 | +€41 | +53.9% |
| Recurring financial charges | 65 | €76 | €117 | +€41 | +53.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,203 | -€61,364 | -€46,161 | -304% |
| Profit (loss) for the period | 9904 | -€15,203 | -€61,364 | -€46,161 | -304% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,203 | -€61,364 | -€46,161 | -304% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.