D-Academy: 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-Academy
Largest movements
- Cash +€13,307
up €13,307 (+111.2%), from €11,970 to €25,277
mainly Net result for the year (+€10,276) and Trade debts (+€2,983)
- Receivables within one year +€2,904
up €2,904 (+50.0%), from €5,808 to €8,712
- Profit (loss) carried forward +€10,276
up €10,276 (+21.9%), from -€46,845 to -€36,569
- Trade debts +€2,983
up €2,983 (+176.8%), from €1,687 to €4,670
- Tax, wage and social debts +€2,952
up €2,952 (+1642.8%), from €180 to €3,132
- Gross operating margin +€7,884
up €7,884 (+141.3%), from €5,581 to €13,465
- Taxes +€2,455
new in 2025: €2,455
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 | €17,778 | €33,989 | +€16,211 | +91.2% |
| Current assets | 29/58 | €17,778 | €33,989 | +€16,211 | +91.2% |
| Amounts receivable within one year | 40/41 | €5,808 | €8,712 | +€2,904 | +50.0% |
| Trade receivables | 40 | €5,808 | €8,712 | +€2,904 | +50.0% |
| Cash at bank and in hand | 54/58 | €11,970 | €25,277 | +€13,307 | +111.2% |
| Total equity and liabilities | 10/49 | €17,778 | €33,989 | +€16,211 | +91.2% |
| Equity | 10/15 | €15,911 | €26,187 | +€10,276 | +64.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €783 | €783 | = | 0.0% |
| Non-distributable reserves | 130/1 | €783 | €783 | = | 0.0% |
| Legal reserve | 130 | €783 | €783 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,845 | -€36,569 | +€10,276 | +21.9% |
| Amounts payable | 17/49 | €1,867 | €7,802 | +€5,935 | +317.9% |
| Amounts payable within one year | 42/48 | €1,867 | €7,802 | +€5,935 | +317.9% |
| Trade debts | 44 | €1,687 | €4,670 | +€2,983 | +176.8% |
| Suppliers | 440/4 | €1,687 | €4,670 | +€2,983 | +176.8% |
| Taxes, remuneration and social security | 45 | €180 | €3,132 | +€2,952 | +1642.8% |
| Taxes | 450/3 | €180 | €3,132 | +€2,952 | +1642.8% |
| Other operating charges | 640/8 | €513 | €602 | +€89 | +17.2% |
| Gross operating margin | 9900 | €5,581 | €13,465 | +€7,884 | +141.3% |
| Operating profit (loss) | 9901 | €5,068 | €12,863 | +€7,795 | +153.8% |
| Financial charges | 65/66B | €53 | €132 | +€79 | +148.1% |
| Recurring financial charges | 65 | €53 | €132 | +€79 | +148.1% |
| Profit (loss) for the period before taxes | 9903 | €5,015 | €12,731 | +€7,717 | +153.9% |
| Income taxes | 67/77 | - | €2,455 | +€2,455 | |
| Profit (loss) for the period | 9904 | €5,015 | €10,276 | +€5,262 | +104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,015 | €10,276 | +€5,262 | +104.9% |
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 3 October 2026 via checked.be.