D.A.S.T.: 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.S.T.
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+378.5%), from €366,320 to €1.8m
of which Other amounts receivable: +€1.3m
- Cash -€63,333
down €63,333 (-63.8%), from €99,317 to €35,984
mainly Receivables within one year (-€1.4m) and Other debts (-€1.0m)
- Profit (loss) carried forward +€1.4m
up €1.4m, from -€907,537 to €457,609
- Other debts -€1.0m
down €1.0m (-97.8%), from €1.0m to €23,010
- Debts after one year +€813,133
new in 2025: €813,133
- Current portion of long-term debt +€186,867
new in 2025: €186,867
- Revaluation surpluses -€123,295
down €123,295 (-100.0%), from €123,295 to €0
- Gross operating margin +€872,294
up €872,294 (+104.8%), from €832,064 to €1.7m
- Taxes +€222,375
up €222,375 (+127516.0%), from €174 to €222,550
- Financial charges -€94,985
down €94,985 (-79.9%), from €118,887 to €23,901
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 | €1,118,229 | €2,444,111 | +€1.3m | +118.6% |
| Fixed assets | 21/28 | €650,887 | €653,519 | +€2,631 | +0.4% |
| Tangible fixed assets | 22/27 | €650,887 | €653,519 | +€2,631 | +0.4% |
| Land and buildings | 22 | €569,225 | €532,927 | -€36,297 | -6.4% |
| Plant, machinery and equipment | 23 | €23,235 | €18,333 | -€4,903 | -21.1% |
| Furniture and vehicles | 24 | €58,427 | €102,259 | +€43,832 | +75.0% |
| Current assets | 29/58 | €467,342 | €1,790,593 | +€1.3m | +283.1% |
| Amounts receivable within one year | 40/41 | €366,320 | €1,752,667 | +€1.4m | +378.5% |
| Trade receivables | 40 | €26,791 | €93,891 | +€67,100 | +250.5% |
| Other amounts receivable | 41 | €339,529 | €1,658,776 | +€1.3m | +388.6% |
| Cash at bank and in hand | 54/58 | €99,317 | €35,984 | -€63,333 | -63.8% |
| Deferred charges and accrued income | 490/1 | €1,705 | €1,941 | +€236 | +13.8% |
| Total equity and liabilities | 10/49 | €1,118,229 | €2,444,111 | +€1.3m | +118.6% |
| Equity | 10/15 | €15,271 | €1,380,416 | +€1.4m | +8939.7% |
| Contributions | 10/11 | €799,315 | €799,315 | = | 0.0% |
| Revaluation surpluses | 12 | €123,295 | €0 | -€123,295 | -100.0% |
| Reserves | 13 | €198 | €123,493 | +€123,295 | +62396.2% |
| Tax-exempt reserves | 132 | €198 | €198 | = | 0.0% |
| Distributable reserves | 133 | - | €123,295 | +€123,295 | |
| Profit (loss) carried forward | 14 | -€907,537 | €457,609 | +€1.4m | |
| Amounts payable | 17/49 | €1,102,958 | €1,063,695 | -€39,263 | -3.6% |
| Amounts payable after more than one year | 17 | - | €813,133 | +€813,133 | |
| Financial debts | 170/4 | - | €813,133 | +€813,133 | |
| Amounts payable within one year | 42/48 | €1,102,890 | €249,942 | -€852,948 | -77.3% |
| Current portion of amounts payable after more than one year | 42 | - | €186,867 | +€186,867 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,494 | €2,048 | -€9,446 | -82.2% |
| Suppliers | 440/4 | €11,494 | €2,048 | -€9,446 | -82.2% |
| Taxes, remuneration and social security | 45 | €59,619 | €38,016 | -€21,604 | -36.2% |
| Taxes | 450/3 | €57,038 | €30,689 | -€26,349 | -46.2% |
| Remuneration and social security | 454/9 | €2,582 | €7,327 | +€4,746 | +183.8% |
| Other amounts payable | 47/48 | €1,031,776 | €23,010 | -€1.0m | -97.8% |
| Accrued charges and deferred income | 492/3 | €69 | €621 | +€552 | +803.2% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €20,362 | €12,923 | -€7,439 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,785 | €78,856 | -€3,928 | -4.7% |
| Other operating charges | 640/8 | €4,281 | €4,743 | +€462 | +10.8% |
| Non-recurring operating charges | 66A | - | €19,226 | +€19,226 | |
| Gross operating margin | 9900 | €832,064 | €1,704,357 | +€872,294 | +104.8% |
| Operating profit (loss) | 9901 | €724,636 | €1,588,609 | +€863,973 | +119.2% |
| Financial income | 75/76B | €16,227 | €22,987 | +€6,760 | +41.7% |
| Recurring financial income | 75 | €16,227 | €22,987 | +€6,760 | +41.7% |
| Financial charges | 65/66B | €118,887 | €23,901 | -€94,985 | -79.9% |
| Recurring financial charges | 65 | €118,887 | €23,901 | -€94,985 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €621,976 | €1,587,695 | +€965,719 | +155.3% |
| Income taxes | 67/77 | €174 | €222,550 | +€222,375 | +127516.0% |
| Profit (loss) for the period | 9904 | €621,802 | €1,365,145 | +€743,343 | +119.5% |
| Profit (loss) for the period to be appropriated | 9905 | €621,802 | €1,365,145 | +€743,343 | +119.5% |
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.