D&A TEAM: 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 TEAM
Largest movements
- Receivables within one year -€59,966
down €59,966 (-26.0%), from €230,885 to €170,919
of which Trade receivables: -€69,236
- Trade debts -€62,081
down €62,081 (-65.1%), from €95,425 to €33,344
of which Bills of exchange payable: -€61,359
- Profit (loss) carried forward +€7,634
up €7,634 (+7.4%), from €103,268 to €110,902
- Tax, wage and social debts -€4,729
down €4,729 (-18.5%), from €25,501 to €20,772
- Gross operating margin -€46,296
down €46,296 (-80.4%), from €57,585 to €11,289
- Taxes -€11,234
down €11,234 (-78.2%), from €14,371 to €3,137
- Depreciation -€4,845
no longer reported in 2025 (was €4,845)
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.
Derived cash bridge
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 | €232,254 | €173,079 | -€59,175 | -25.5% |
| Current assets | 29/58 | €232,254 | €173,079 | -€59,175 | -25.5% |
| Amounts receivable within one year | 40/41 | €230,885 | €170,919 | -€59,966 | -26.0% |
| Trade receivables | 40 | €106,372 | €37,136 | -€69,236 | -65.1% |
| Other amounts receivable | 41 | €124,513 | €133,783 | +€9,269 | +7.4% |
| Cash at bank and in hand | 54/58 | €1,369 | €2,160 | +€791 | +57.8% |
| Total equity and liabilities | 10/49 | €232,254 | €173,079 | -€59,175 | -25.5% |
| Equity | 10/15 | €111,328 | €118,962 | +€7,634 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,268 | €110,902 | +€7,634 | +7.4% |
| Amounts payable | 17/49 | €120,926 | €54,116 | -€66,810 | -55.2% |
| Amounts payable within one year | 42/48 | €120,926 | €54,116 | -€66,810 | -55.2% |
| Trade debts | 44 | €95,425 | €33,344 | -€62,081 | -65.1% |
| Suppliers | 440/4 | €1,242 | €520 | -€721 | -58.1% |
| Bills of exchange payable | 441 | €94,184 | €32,824 | -€61,359 | -65.1% |
| Taxes, remuneration and social security | 45 | €25,501 | €20,772 | -€4,729 | -18.5% |
| Taxes | 450/3 | €25,501 | €20,772 | -€4,729 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,845 | - | -€4,845 | |
| Other operating charges | 640/8 | €324 | €199 | -€125 | -38.6% |
| Gross operating margin | 9900 | €57,585 | €11,289 | -€46,296 | -80.4% |
| Operating profit (loss) | 9901 | €52,417 | €11,090 | -€41,327 | -78.8% |
| Financial charges | 65/66B | €126 | €319 | +€192 | +152% |
| Recurring financial charges | 65 | €126 | €319 | +€192 | +152% |
| Profit (loss) for the period before taxes | 9903 | €52,290 | €10,772 | -€41,519 | -79.4% |
| Income taxes | 67/77 | €14,371 | €3,137 | -€11,234 | -78.2% |
| Profit (loss) for the period | 9904 | €37,919 | €7,634 | -€30,285 | -79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €37,919 | €7,634 | -€30,285 | -79.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.