D&A: 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&A
Largest movements
- Cash -€22,353
down €22,353 (-52.2%), from €42,836 to €20,483
mainly Investment in fixed assets (net) (-€34,665) and Debts after one year (-€11,243)
- Tangible fixed assets +€20,967
up €20,967 (+9.8%), from €214,535 to €235,503
of which Land and buildings: +€17,002
- Reserves +€11,627
new in 2025: €11,627
- Profit (loss) carried forward +€11,510
no longer reported in 2025 (was -€11,510)
- Debts after one year -€11,243
down €11,243 (-4.7%), from €237,960 to €226,717
- Tax, wage and social debts -€6,999
down €6,999 (-76.8%), from €9,116 to €2,116
of which Taxes: -€6,442
- Other debts -€5,587
down €5,587 (-93.8%), from €5,953 to €367
- Gross operating margin +€45,088
up €45,088 (+3197.7%), from €1,410 to €46,498
- Depreciation +€8,084
up €8,084 (+144.0%), from €5,614 to €13,698
- Financial charges +€2,735
up €2,735 (+43.2%), from €6,332 to €9,067
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 | €264,805 | €264,291 | -€513 | -0.2% |
| Fixed assets | 21/28 | €214,535 | €235,503 | +€20,967 | +9.8% |
| Tangible fixed assets | 22/27 | €214,535 | €235,503 | +€20,967 | +9.8% |
| Land and buildings | 22 | €209,206 | €226,208 | +€17,002 | +8.1% |
| Plant, machinery and equipment | 23 | €1,045 | €5,372 | +€4,327 | +414.1% |
| Furniture and vehicles | 24 | €4,285 | €3,923 | -€362 | -8.4% |
| Current assets | 29/58 | €50,269 | €28,788 | -€21,481 | -42.7% |
| Amounts receivable within one year | 40/41 | €7,173 | €6,580 | -€593 | -8.3% |
| Trade receivables | 40 | €2,502 | €1,558 | -€944 | -37.7% |
| Other amounts receivable | 41 | €4,672 | €5,023 | +€351 | +7.5% |
| Cash at bank and in hand | 54/58 | €42,836 | €20,483 | -€22,353 | -52.2% |
| Deferred charges and accrued income | 490/1 | €260 | €1,725 | +€1,465 | +563.4% |
| Total equity and liabilities | 10/49 | €264,805 | €264,291 | -€513 | -0.2% |
| Equity | 10/15 | -€1,510 | €21,627 | +€23,137 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €11,627 | +€11,627 | |
| Distributable reserves | 133 | - | €11,627 | +€11,627 | |
| Profit (loss) carried forward | 14 | -€11,510 | - | +€11,510 | |
| Amounts payable | 17/49 | €266,314 | €242,664 | -€23,650 | -8.9% |
| Amounts payable after more than one year | 17 | €237,960 | €226,717 | -€11,243 | -4.7% |
| Financial debts | 170/4 | €237,960 | €226,717 | -€11,243 | -4.7% |
| Amounts payable within one year | 42/48 | €28,282 | €15,947 | -€12,335 | -43.6% |
| Current portion of amounts payable after more than one year | 42 | €10,821 | €11,243 | +€422 | +3.9% |
| Trade debts | 44 | €2,393 | €2,221 | -€172 | -7.2% |
| Suppliers | 440/4 | €2,393 | €2,221 | -€172 | -7.2% |
| Taxes, remuneration and social security | 45 | €9,116 | €2,116 | -€6,999 | -76.8% |
| Taxes | 450/3 | €8,559 | €2,116 | -€6,442 | -75.3% |
| Remuneration and social security | 454/9 | €557 | - | -€557 | |
| Other amounts payable | 47/48 | €5,953 | €367 | -€5,587 | -93.8% |
| Accrued charges and deferred income | 492/3 | €72 | - | -€72 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,614 | €13,698 | +€8,084 | +144.0% |
| Other operating charges | 640/8 | €979 | €596 | -€383 | -39.1% |
| Gross operating margin | 9900 | €1,410 | €46,498 | +€45,088 | +3197.7% |
| Operating profit (loss) | 9901 | -€5,183 | €32,204 | +€37,387 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -100.0% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100.0% |
| Financial charges | 65/66B | €6,332 | €9,067 | +€2,735 | +43.2% |
| Recurring financial charges | 65 | €6,332 | €9,067 | +€2,735 | +43.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,510 | €23,137 | +€34,647 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,510 | €23,137 | +€34,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,510 | €23,137 | +€34,647 |
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 7 October 2026 via checked.be.