D++: 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.
D++
Largest movements
- Receivables within one year -€20,816
down €20,816 (-41.0%), from €50,796 to €29,980
of which Trade receivables: -€22,803
- Tangible fixed assets -€7,895
down €7,895 (-25.7%), from €30,760 to €22,865
of which Furniture and vehicles: -€6,738
- Cash -€4,632
down €4,632 (-11.6%), from €40,089 to €35,457
mainly Contributions, distributions and other (-€166,250) and Tax, wage and social debts (-€3,154)
- Reserves -€97,250
down €97,250 (-100.0%), from €97,250 to €0
- Other debts +€67,172
up €67,172 (+1066.6%), from €6,297 to €73,469
- Tax, wage and social debts -€3,154
down €3,154 (-21.5%), from €14,655 to €11,501
of which Taxes: -€5,954
- Gross operating margin +€6,981
up €6,981 (+7.9%), from €88,846 to €95,827
- Taxes +€1,141
up €1,141 (+6.8%), from €16,828 to €17,970
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 | €122,935 | €89,039 | -€33,896 | -27.6% |
| Fixed assets | 21/28 | €30,760 | €22,865 | -€7,895 | -25.7% |
| Tangible fixed assets | 22/27 | €30,760 | €22,865 | -€7,895 | -25.7% |
| Furniture and vehicles | 24 | €22,218 | €15,480 | -€6,738 | -30.3% |
| Other tangible fixed assets | 26 | €8,542 | €7,385 | -€1,157 | -13.5% |
| Current assets | 29/58 | €92,175 | €66,174 | -€26,001 | -28.2% |
| Amounts receivable within one year | 40/41 | €50,796 | €29,980 | -€20,816 | -41.0% |
| Trade receivables | 40 | €50,753 | €27,950 | -€22,803 | -44.9% |
| Other amounts receivable | 41 | €43 | €2,030 | +€1,987 | +4609.6% |
| Cash at bank and in hand | 54/58 | €40,089 | €35,457 | -€4,632 | -11.6% |
| Deferred charges and accrued income | 490/1 | €1,290 | €736 | -€554 | -42.9% |
| Total equity and liabilities | 10/49 | €122,935 | €89,039 | -€33,896 | -27.6% |
| Equity | 10/15 | €100,399 | €3,343 | -€97,056 | -96.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €97,250 | €0 | -€97,250 | -100.0% |
| Distributable reserves | 133 | €97,250 | €0 | -€97,250 | -100.0% |
| Profit (loss) carried forward | 14 | €149 | €343 | +€194 | +130.3% |
| Amounts payable | 17/49 | €22,536 | €85,696 | +€63,160 | +280.3% |
| Amounts payable within one year | 42/48 | €22,536 | €85,696 | +€63,160 | +280.3% |
| Trade debts | 44 | €1,584 | €725 | -€858 | -54.2% |
| Suppliers | 440/4 | €1,584 | €725 | -€858 | -54.2% |
| Taxes, remuneration and social security | 45 | €14,655 | €11,501 | -€3,154 | -21.5% |
| Taxes | 450/3 | €14,655 | €8,701 | -€5,954 | -40.6% |
| Remuneration and social security | 454/9 | - | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €6,297 | €73,469 | +€67,172 | +1066.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,895 | €7,895 | +€0 | 0.0% |
| Other operating charges | 640/8 | €832 | €694 | -€138 | -16.6% |
| Gross operating margin | 9900 | €88,846 | €95,827 | +€6,981 | +7.9% |
| Operating profit (loss) | 9901 | €80,119 | €87,239 | +€7,120 | +8.9% |
| Financial income | 75/76B | €21 | €0 | -€21 | -100.0% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -100.0% |
| Financial charges | 65/66B | €77 | €75 | -€2 | -2.1% |
| Recurring financial charges | 65 | €77 | €75 | -€2 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €80,063 | €87,164 | +€7,101 | +8.9% |
| Income taxes | 67/77 | €16,828 | €17,970 | +€1,141 | +6.8% |
| Profit (loss) for the period | 9904 | €63,234 | €69,194 | +€5,960 | +9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €63,234 | €69,194 | +€5,960 | +9.4% |
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 4 October 2026 via checked.be.