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 +€19,796
up €19,796 (+47.4%), from €41,783 to €61,580
of which Trade receivables: +€12,300
- Tangible fixed assets -€7,606
down €7,606 (-76.9%), from €9,893 to €2,288
of which Furniture and vehicles: -€7,387
- Cash +€2,778
up €2,778 (+19.8%), from €14,047 to €16,825
mainly Net result for the year (+€32,726) and Investment in fixed assets (net) (+€5,257)
- Deferred charges and accrued income +€2,060
up €2,060 (+127.5%), from €1,616 to €3,676
- Intangible fixed assets -€877
down €877 (-59.3%), from €1,480 to €603
- Profit (loss) carried forward +€32,726
up €32,726, from -€13,530 to €19,197
- Other debts -€14,297
down €14,297 (-99.9%), from €14,317 to €20
- Debts after one year -€4,760
down €4,760 (-9.1%), from €52,417 to €47,657
of which Financial debts: -€4,700
- Trade debts +€1,088
up €1,088 (+39.2%), from €2,776 to €3,865
- Gross operating margin +€37,602
up €37,602 (+35.1%), from €107,036 to €144,639
- Staff costs +€25,716
up €25,716 (+36.0%), from €71,451 to €97,167
- Other operating charges +€6,073
up €6,073 (+262.7%), from €2,312 to €8,385
- Taxes +€1,466
new in 2025: €1,466
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 | €69,348 | €85,499 | +€16,152 | +23.3% |
| Fixed assets | 21/28 | €11,901 | €3,418 | -€8,483 | -71.3% |
| Intangible fixed assets | 21 | €1,480 | €603 | -€877 | -59.3% |
| Tangible fixed assets | 22/27 | €9,893 | €2,288 | -€7,606 | -76.9% |
| Plant, machinery and equipment | 23 | €366 | €148 | -€219 | -59.6% |
| Furniture and vehicles | 24 | €9,527 | €2,140 | -€7,387 | -77.5% |
| Financial fixed assets | 28 | €528 | €528 | = | 0.0% |
| Current assets | 29/58 | €57,446 | €82,081 | +€24,635 | +42.9% |
| Amounts receivable within one year | 40/41 | €41,783 | €61,580 | +€19,796 | +47.4% |
| Trade receivables | 40 | €41,735 | €54,035 | +€12,300 | +29.5% |
| Other amounts receivable | 41 | €49 | €7,545 | +€7,496 | +15332.6% |
| Cash at bank and in hand | 54/58 | €14,047 | €16,825 | +€2,778 | +19.8% |
| Deferred charges and accrued income | 490/1 | €1,616 | €3,676 | +€2,060 | +127.5% |
| Total equity and liabilities | 10/49 | €69,348 | €85,499 | +€16,152 | +23.3% |
| Equity | 10/15 | -€9,530 | €23,197 | +€32,726 | |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,530 | €19,197 | +€32,726 | |
| Amounts payable | 17/49 | €78,877 | €62,303 | -€16,575 | -21.0% |
| Amounts payable after more than one year | 17 | €52,417 | €47,657 | -€4,760 | -9.1% |
| Financial debts | 170/4 | €4,700 | - | -€4,700 | |
| Other amounts payable | 178/9 | €47,717 | €47,657 | -€60 | -0.1% |
| Amounts payable within one year | 42/48 | €26,460 | €14,646 | -€11,814 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €4,450 | €5,065 | +€615 | +13.8% |
| Trade debts | 44 | €2,776 | €3,865 | +€1,088 | +39.2% |
| Suppliers | 440/4 | €2,776 | €3,865 | +€1,088 | +39.2% |
| Taxes, remuneration and social security | 45 | €4,917 | €5,696 | +€780 | +15.9% |
| Taxes | 450/3 | - | €2,112 | +€2,112 | |
| Remuneration and social security | 454/9 | €4,917 | €3,584 | -€1,333 | -27.1% |
| Other amounts payable | 47/48 | €14,317 | €20 | -€14,297 | -99.9% |
| Remuneration, social security and pensions | 62 | €71,451 | €97,167 | +€25,716 | +36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,960 | €3,226 | -€734 | -18.5% |
| Other operating charges | 640/8 | €2,312 | €8,385 | +€6,073 | +262.7% |
| Non-recurring operating charges | 66A | €4,277 | - | -€4,277 | |
| Gross operating margin | 9900 | €107,036 | €144,639 | +€37,602 | +35.1% |
| Operating profit (loss) | 9901 | €25,037 | €35,862 | +€10,824 | +43.2% |
| Financial charges | 65/66B | €1,500 | €1,669 | +€170 | +11.3% |
| Recurring financial charges | 65 | €1,500 | €1,669 | +€170 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €23,538 | €34,193 | +€10,655 | +45.3% |
| Income taxes | 67/77 | - | €1,466 | +€1,466 | |
| Profit (loss) for the period | 9904 | €23,538 | €32,726 | +€9,189 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,538 | €32,726 | +€9,189 | +39.0% |
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.