ALTERNATIVE DJC: 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.
ALTERNATIVE DJC
Largest movements
- Receivables within one year +€45,437
up €45,437 (+440%), from €10,334 to €55,771
of which Other amounts receivable: +€46,437
- Cash -€42,932
down €42,932 (-35.9%), from €119,699 to €76,767
mainly Receivables within one year (-€45,437) and Investment in fixed assets (net) (-€35,971)
- Stocks and contracts -€21,646
down €21,646 (-11.1%), from €195,720 to €174,074
- Intangible fixed assets +€13,055
up €13,055 (+118%), from €11,100 to €24,155
- Deferred charges and accrued income +€12,601
up €12,601 (+198%), from €6,357 to €18,957
- Trade debts +€22,228
up €22,228 (+71.6%), from €31,043 to €53,271
- Profit (loss) carried forward -€17,644
down €17,644, from €5,986 to -€11,657
- Tax, wage and social debts +€12,580
up €12,580 (+13.8%), from €90,916 to €103,496
of which Remuneration and social security: +€18,014
- Debts after one year -€7,441
down €7,441 (-5.0%), from €149,362 to €141,921
- Gross operating margin -€134,246
down €134,246 (-26.3%), from €510,890 to €376,644
- Taxes -€45,303
down €45,303 (-95.5%), from €47,457 to €2,154
- Staff costs +€37,150
up €37,150 (+11.5%), from €322,674 to €359,824
- Financial charges -€7,898
down €7,898 (-47.3%), from €16,701 to €8,804
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.
Derived cash bridge
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 | €616,921 | €626,932 | +€10,011 | +1.6% |
| Fixed assets | 21/28 | €284,812 | €301,363 | +€16,551 | +5.8% |
| Intangible fixed assets | 21 | €11,100 | €24,155 | +€13,055 | +118% |
| Tangible fixed assets | 22/27 | €263,162 | €258,658 | -€4,504 | -1.7% |
| Land and buildings | 22 | €256,960 | €246,931 | -€10,029 | -3.9% |
| Furniture and vehicles | 24 | €2,935 | €3,633 | +€698 | +23.8% |
| Other tangible fixed assets | 26 | €3,267 | €8,094 | +€4,827 | +148% |
| Financial fixed assets | 28 | €10,550 | €18,550 | +€8,000 | +75.8% |
| Current assets | 29/58 | €332,109 | €325,569 | -€6,540 | -2.0% |
| Stocks and contracts in progress | 3 | €195,720 | €174,074 | -€21,646 | -11.1% |
| Stocks | 30/36 | €195,720 | €174,074 | -€21,646 | -11.1% |
| Amounts receivable within one year | 40/41 | €10,334 | €55,771 | +€45,437 | +440% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €9,334 | €55,771 | +€46,437 | +498% |
| Cash at bank and in hand | 54/58 | €119,699 | €76,767 | -€42,932 | -35.9% |
| Deferred charges and accrued income | 490/1 | €6,357 | €18,957 | +€12,601 | +198% |
| Total equity and liabilities | 10/49 | €616,921 | €626,932 | +€10,011 | +1.6% |
| Equity | 10/15 | €338,446 | €320,803 | -€17,644 | -5.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €313,860 | €313,860 | = | 0.0% |
| Distributable reserves | 133 | €313,860 | €313,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,986 | -€11,657 | -€17,644 | |
| Amounts payable | 17/49 | €278,474 | €306,129 | +€27,655 | +9.9% |
| Amounts payable after more than one year | 17 | €149,362 | €141,921 | -€7,441 | -5.0% |
| Financial debts | 170/4 | €149,362 | €141,921 | -€7,441 | -5.0% |
| Amounts payable within one year | 42/48 | €129,112 | €164,208 | +€35,096 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €7,153 | €7,441 | +€288 | +4.0% |
| Trade debts | 44 | €31,043 | €53,271 | +€22,228 | +71.6% |
| Suppliers | 440/4 | €31,043 | €53,271 | +€22,228 | +71.6% |
| Taxes, remuneration and social security | 45 | €90,916 | €103,496 | +€12,580 | +13.8% |
| Taxes | 450/3 | €53,545 | €48,111 | -€5,434 | -10.1% |
| Remuneration and social security | 454/9 | €37,371 | €55,385 | +€18,014 | +48.2% |
| Remuneration, social security and pensions | 62 | €322,674 | €359,824 | +€37,150 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,331 | €19,420 | +€3,089 | +18.9% |
| Other operating charges | 640/8 | €2,828 | €4,225 | +€1,397 | +49.4% |
| Gross operating margin | 9900 | €510,890 | €376,644 | -€134,246 | -26.3% |
| Operating profit (loss) | 9901 | €169,057 | -€6,825 | -€175,881 | |
| Financial income | 75/76B | €533 | €139 | -€394 | -73.9% |
| Recurring financial income | 75 | €533 | €139 | -€394 | -73.9% |
| Financial charges | 65/66B | €16,701 | €8,804 | -€7,898 | -47.3% |
| Recurring financial charges | 65 | €16,701 | €8,804 | -€7,898 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €152,888 | -€15,490 | -€168,378 | |
| Income taxes | 67/77 | €47,457 | €2,154 | -€45,303 | -95.5% |
| Profit (loss) for the period | 9904 | €105,431 | -€17,644 | -€123,074 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,431 | -€17,644 | -€123,074 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.