CHEZ DAVID: 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.
CHEZ DAVID
Largest movements
- Cash +€219,838
up €219,838 (+30.8%), from €714,762 to €934,600
mainly Net result for the year (+€449,036) and Deferred charges and accrued income (+€17,154)
- Deferred charges and accrued income -€17,154
down €17,154 (-69.5%), from €24,665 to €7,511
- Profit (loss) carried forward +€209,036
up €209,036 (+111.9%), from €186,780 to €395,816
- Other debts -€26,102
down €26,102 (-9.8%), from €267,124 to €241,021
- Trade debts +€12,854
up €12,854 (+83.8%), from €15,340 to €28,193
- Tax, wage and social debts +€12,748
up €12,748 (+4.4%), from €289,806 to €302,553
of which Taxes: +€35,678
- Gross operating margin +€152,911
up €152,911 (+22.3%), from €684,770 to €837,680
- Taxes +€31,847
up €31,847 (+26.9%), from €118,366 to €150,213
- Other operating charges +€13,717
up €13,717 (+122.2%), from €11,228 to €24,944
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 | €820,713 | €1,029,248 | +€208,535 | +25.4% |
| Fixed assets | 21/28 | €49,040 | €45,920 | -€3,120 | -6.4% |
| Tangible fixed assets | 22/27 | €23,840 | €20,720 | -€3,120 | -13.1% |
| Plant, machinery and equipment | 23 | €14,372 | €9,225 | -€5,147 | -35.8% |
| Furniture and vehicles | 24 | €9,468 | €11,495 | +€2,027 | +21.4% |
| Financial fixed assets | 28 | €25,200 | €25,200 | = | 0.0% |
| Current assets | 29/58 | €771,673 | €983,328 | +€211,655 | +27.4% |
| Stocks and contracts in progress | 3 | €4,326 | €6,395 | +€2,070 | +47.9% |
| Stocks | 30/36 | €4,326 | €6,395 | +€2,070 | +47.9% |
| Amounts receivable within one year | 40/41 | €27,921 | €34,821 | +€6,900 | +24.7% |
| Trade receivables | 40 | €2,080 | €183 | -€1,897 | -91.2% |
| Other amounts receivable | 41 | €25,842 | €34,639 | +€8,797 | +34.0% |
| Cash at bank and in hand | 54/58 | €714,762 | €934,600 | +€219,838 | +30.8% |
| Deferred charges and accrued income | 490/1 | €24,665 | €7,511 | -€17,154 | -69.5% |
| Total equity and liabilities | 10/49 | €820,713 | €1,029,248 | +€208,535 | +25.4% |
| Equity | 10/15 | €248,444 | €457,480 | +€209,036 | +84.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €55,364 | €55,364 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €53,504 | €53,504 | = | 0.0% |
| Profit (loss) carried forward | 14 | €186,780 | €395,816 | +€209,036 | +111.9% |
| Amounts payable | 17/49 | €572,269 | €571,768 | -€501 | -0.1% |
| Amounts payable within one year | 42/48 | €572,269 | €571,768 | -€501 | -0.1% |
| Trade debts | 44 | €15,340 | €28,193 | +€12,854 | +83.8% |
| Suppliers | 440/4 | €15,340 | €28,193 | +€12,854 | +83.8% |
| Taxes, remuneration and social security | 45 | €289,806 | €302,553 | +€12,748 | +4.4% |
| Taxes | 450/3 | €251,149 | €286,827 | +€35,678 | +14.2% |
| Remuneration and social security | 454/9 | €38,656 | €15,726 | -€22,930 | -59.3% |
| Other amounts payable | 47/48 | €267,124 | €241,021 | -€26,102 | -9.8% |
| Remuneration, social security and pensions | 62 | €178,413 | €175,435 | -€2,978 | -1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,280 | €8,120 | +€840 | +11.5% |
| Other operating charges | 640/8 | €11,228 | €24,944 | +€13,717 | +122.2% |
| Gross operating margin | 9900 | €684,770 | €837,680 | +€152,911 | +22.3% |
| Operating profit (loss) | 9901 | €487,849 | €629,181 | +€141,333 | +29.0% |
| Financial income | 75/76B | €1 | €272 | +€271 | +23737.7% |
| Recurring financial income | 75 | €1 | €272 | +€271 | +23737.7% |
| Financial charges | 65/66B | €22,360 | €30,204 | +€7,844 | +35.1% |
| Recurring financial charges | 65 | €22,360 | €30,204 | +€7,844 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €465,490 | €599,249 | +€133,759 | +28.7% |
| Income taxes | 67/77 | €118,366 | €150,213 | +€31,847 | +26.9% |
| Profit (loss) for the period | 9904 | €347,124 | €449,036 | +€101,912 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €347,124 | €449,036 | +€101,912 | +29.4% |
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 12 October 2026 via checked.be.