D & A: 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.
D & A
Largest movements
- Receivables within one year +€8,956
up €8,956 (+35.9%), from €24,921 to €33,877
of which Other amounts receivable: +€13,877
- Tangible fixed assets -€8,744
down €8,744 (-25.8%), from €33,861 to €25,117
of which Leasing and similar rights: -€8,744
- Cash +€4,434
up €4,434 (+48.7%), from €9,095 to €13,529
mainly Net result for the year (+€19,946) and Tax, wage and social debts (+€8,811)
- Deferred charges and accrued income -€1,519
down €1,519 (-60.7%), from €2,502 to €984
- Stocks and contracts +€1,213
up €1,213 (+29.6%), from €4,092 to €5,305
- Reserves +€19,945
up €19,945 (+68.6%), from €29,091 to €49,036
- Current portion of long-term debt -€9,901
down €9,901 (-51.3%), from €19,311 to €9,409
- Debts after one year -€9,409
down €9,409 (-59.3%), from €15,863 to €6,453
- Tax, wage and social debts +€8,811
up €8,811 (+115.3%), from €7,643 to €16,453
- Trade debts -€5,486
down €5,486 (-58.2%), from €9,425 to €3,939
- Gross operating margin +€17,327
up €17,327 (+70.8%), from €24,474 to €41,801
- Taxes +€7,866
up €7,866 (+381.3%), from €2,063 to €9,929
- Depreciation -€4,160
down €4,160 (-32.2%), from €12,904 to €8,744
- Financial charges -€507
down €507 (-27.7%), from €1,831 to €1,325
- Other operating charges -€437
down €437 (-19.0%), from €2,296 to €1,859
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 | €74,852 | €78,812 | +€3,960 | +5.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €34,241 | €25,117 | -€9,124 | -26.6% |
| Tangible fixed assets | 22/27 | €33,861 | €25,117 | -€8,744 | -25.8% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €33,861 | €25,117 | -€8,744 | -25.8% |
| Financial fixed assets | 28 | €380 | - | -€380 | |
| Current assets | 29/58 | €40,611 | €53,695 | +€13,084 | +32.2% |
| Stocks and contracts in progress | 3 | €4,092 | €5,305 | +€1,213 | +29.6% |
| Contracts in progress | 37 | €4,092 | €5,305 | +€1,213 | +29.6% |
| Amounts receivable within one year | 40/41 | €24,921 | €33,877 | +€8,956 | +35.9% |
| Trade receivables | 40 | €4,921 | - | -€4,921 | |
| Other amounts receivable | 41 | €20,000 | €33,877 | +€13,877 | +69.4% |
| Cash at bank and in hand | 54/58 | €9,095 | €13,529 | +€4,434 | +48.7% |
| Deferred charges and accrued income | 490/1 | €2,502 | €984 | -€1,519 | -60.7% |
| Total equity and liabilities | 10/49 | €74,852 | €78,812 | +€3,960 | +5.3% |
| Equity | 10/15 | €22,611 | €42,557 | +€19,946 | +88.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,091 | €49,036 | +€19,945 | +68.6% |
| Non-distributable reserves | 130/1 | €29,091 | €49,036 | +€19,945 | +68.6% |
| Reserves not available under the articles | 1311 | €29,091 | €49,036 | +€19,945 | +68.6% |
| Profit (loss) carried forward | 14 | -€8,480 | -€8,479 | +€0 | 0.0% |
| Amounts payable | 17/49 | €52,241 | €36,255 | -€15,986 | -30.6% |
| Amounts payable after more than one year | 17 | €15,863 | €6,453 | -€9,409 | -59.3% |
| Financial debts | 170/4 | €15,863 | €6,453 | -€9,409 | -59.3% |
| Amounts payable within one year | 42/48 | €36,379 | €29,802 | -€6,577 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €19,311 | €9,409 | -€9,901 | -51.3% |
| Trade debts | 44 | €9,425 | €3,939 | -€5,486 | -58.2% |
| Suppliers | 440/4 | €9,425 | €3,939 | -€5,486 | -58.2% |
| Taxes, remuneration and social security | 45 | €7,643 | €16,453 | +€8,811 | +115.3% |
| Taxes | 450/3 | €7,643 | €16,453 | +€8,811 | +115.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,904 | €8,744 | -€4,160 | -32.2% |
| Other operating charges | 640/8 | €2,296 | €1,859 | -€437 | -19.0% |
| Gross operating margin | 9900 | €24,474 | €41,801 | +€17,327 | +70.8% |
| Operating profit (loss) | 9901 | €9,275 | €31,199 | +€21,925 | +236.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,831 | €1,325 | -€507 | -27.7% |
| Recurring financial charges | 65 | €1,831 | €1,325 | -€507 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €7,443 | €29,874 | +€22,431 | +301.4% |
| Income taxes | 67/77 | €2,063 | €9,929 | +€7,866 | +381.3% |
| Profit (loss) for the period | 9904 | €5,380 | €19,946 | +€14,565 | +270.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,380 | €19,946 | +€14,565 | +270.7% |
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 9 October 2026 via checked.be.