4 DBT: 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.
4 DBT
Largest movements
- Receivables within one year +€21,316
up €21,316 (+135.1%), from €15,776 to €37,092
of which Other amounts receivable: +€24,580
- Tangible fixed assets -€8,544
down €8,544 (-32.3%), from €26,484 to €17,940
of which Plant, machinery and equipment: -€4,722
- Cash -€3,221
down €3,221 (-24.1%), from €13,361 to €10,140
mainly Receivables within one year (-€21,316) and Net result for the year (-€5,383)
- Stocks and contracts +€1,384
up €1,384 (+23.4%), from €5,916 to €7,299
- Trade debts +€21,398
up €21,398 (+982.4%), from €2,178 to €23,576
- Profit (loss) carried forward -€5,383
new in 2025: -€5,383
- Tax, wage and social debts -€4,367
down €4,367 (-10.0%), from €43,868 to €39,501
of which Taxes: -€17,833
- Debts after one year -€1,793
down €1,793 (-35.5%), from €5,049 to €3,256
- Gross operating margin -€18,261
down €18,261 (-26.5%), from €68,893 to €50,632
- Staff costs +€13,932
up €13,932 (+38.7%), from €35,991 to €49,923
- Taxes -€6,470
no longer reported in 2025 (was €6,470)
- Financial income +€4,525
up €4,525 (+22625100.0%), from €0 to €4,525
- Depreciation +€2,826
up €2,826 (+46.0%), from €6,149 to €8,974
From the 2024 result to the 2025 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 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,110 | €79,076 | +€9,966 | +14.4% |
| Formation expenses | 20 | €1,411 | €981 | -€430 | -30.5% |
| Fixed assets | 21/28 | €26,484 | €17,940 | -€8,544 | -32.3% |
| Tangible fixed assets | 22/27 | €26,484 | €17,940 | -€8,544 | -32.3% |
| Plant, machinery and equipment | 23 | €12,668 | €7,947 | -€4,722 | -37.3% |
| Furniture and vehicles | 24 | €7,404 | €5,367 | -€2,038 | -27.5% |
| Leasing and similar rights | 25 | €6,412 | €4,627 | -€1,785 | -27.8% |
| Current assets | 29/58 | €41,214 | €60,155 | +€18,941 | +46.0% |
| Stocks and contracts in progress | 3 | €5,916 | €7,299 | +€1,384 | +23.4% |
| Stocks | 30/36 | €5,916 | €7,299 | +€1,384 | +23.4% |
| Amounts receivable within one year | 40/41 | €15,776 | €37,092 | +€21,316 | +135.1% |
| Trade receivables | 40 | €15,167 | €11,902 | -€3,264 | -21.5% |
| Other amounts receivable | 41 | €610 | €25,190 | +€24,580 | +4032.7% |
| Cash at bank and in hand | 54/58 | €13,361 | €10,140 | -€3,221 | -24.1% |
| Deferred charges and accrued income | 490/1 | €6,161 | €5,623 | -€538 | -8.7% |
| Total equity and liabilities | 10/49 | €69,110 | €79,076 | +€9,966 | +14.4% |
| Equity | 10/15 | €16,334 | €10,951 | -€5,383 | -33.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €12,334 | €12,334 | = | 0.0% |
| Distributable reserves | 133 | €12,334 | €12,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€5,383 | -€5,383 | |
| Amounts payable | 17/49 | €52,777 | €68,126 | +€15,349 | +29.1% |
| Amounts payable after more than one year | 17 | €5,049 | €3,256 | -€1,793 | -35.5% |
| Financial debts | 170/4 | €5,049 | €3,256 | -€1,793 | -35.5% |
| Amounts payable within one year | 42/48 | €47,727 | €64,869 | +€17,142 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €1,681 | €1,793 | +€112 | +6.6% |
| Trade debts | 44 | €2,178 | €23,576 | +€21,398 | +982.4% |
| Suppliers | 440/4 | €2,178 | €23,576 | +€21,398 | +982.4% |
| Taxes, remuneration and social security | 45 | €43,868 | €39,501 | -€4,367 | -10.0% |
| Taxes | 450/3 | €34,921 | €17,088 | -€17,833 | -51.1% |
| Remuneration and social security | 454/9 | €8,947 | €22,413 | +€13,466 | +150.5% |
| Non-recurring operating income | 76A | €2,504 | €1,938 | -€566 | -22.6% |
| Remuneration, social security and pensions | 62 | €35,991 | €49,923 | +€13,932 | +38.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,149 | €8,974 | +€2,826 | +46.0% |
| Other operating charges | 640/8 | €1,155 | €319 | -€836 | -72.4% |
| Non-recurring operating charges | 66A | €1,412 | - | -€1,412 | |
| Gross operating margin | 9900 | €68,893 | €50,632 | -€18,261 | -26.5% |
| Operating profit (loss) | 9901 | €24,186 | -€8,585 | -€32,771 | |
| Financial income | 75/76B | €0 | €4,525 | +€4,525 | +22625100.0% |
| Recurring financial income | 75 | €0 | €4,525 | +€4,525 | +22625100.0% |
| Financial charges | 65/66B | €905 | €1,323 | +€418 | +46.2% |
| Recurring financial charges | 65 | €905 | €1,323 | +€418 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €23,281 | -€5,383 | -€28,664 | |
| Income taxes | 67/77 | €6,470 | - | -€6,470 | |
| Profit (loss) for the period | 9904 | €16,811 | -€5,383 | -€22,194 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,811 | -€5,383 | -€22,194 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.