D AND S: 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 AND S
Largest movements
- Cash -€12,344
down €12,344 (-32.4%), from €38,154 to €25,810
mainly Debts after one year (-€20,000) and Contributions, distributions and other (-€19,997)
- Tangible fixed assets -€11,714
down €11,714 (-33.8%), from €34,674 to €22,960
of which Furniture and vehicles: -€9,245
- Receivables within one year +€1,587
up €1,587 (+4.3%), from €37,208 to €38,795
of which Other amounts receivable: +€6,148
- Profit (loss) carried forward -€21,077
down €21,077 (-100%), from €21,077 to €0
- Debts after one year -€20,000
down €20,000 (-26.7%), from €75,000 to €55,000
- Other debts +€19,913
up €19,913 (+1,129%), from €1,764 to €21,677
- Gross operating margin -€32,452
down €32,452 (-71.8%), from €45,223 to €12,771
- Taxes -€6,031
down €6,031 (-88.9%), from €6,783 to €752
- Financial charges -€2,984
down €2,984 (-95.2%), from €3,135 to €151
- Financial income +€982
up €982 (+61,021%), from €2 to €984
- Other operating charges +€751
up €751 (+125%), from €599 to €1,350
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 | €112,435 | €89,881 | -€22,553 | -20.1% |
| Fixed assets | 21/28 | €34,674 | €22,960 | -€11,714 | -33.8% |
| Tangible fixed assets | 22/27 | €34,674 | €22,960 | -€11,714 | -33.8% |
| Plant, machinery and equipment | 23 | €1,510 | €198 | -€1,312 | -86.9% |
| Furniture and vehicles | 24 | €29,990 | €20,745 | -€9,245 | -30.8% |
| Other tangible fixed assets | 26 | €3,174 | €2,016 | -€1,157 | -36.5% |
| Current assets | 29/58 | €77,761 | €66,922 | -€10,839 | -13.9% |
| Amounts receivable within one year | 40/41 | €37,208 | €38,795 | +€1,587 | +4.3% |
| Trade receivables | 40 | €35,491 | €30,931 | -€4,561 | -12.9% |
| Other amounts receivable | 41 | €1,717 | €7,865 | +€6,148 | +358% |
| Cash at bank and in hand | 54/58 | €38,154 | €25,810 | -€12,344 | -32.4% |
| Deferred charges and accrued income | 490/1 | €2,398 | €2,316 | -€82 | -3.4% |
| Total equity and liabilities | 10/49 | €112,435 | €89,881 | -€22,553 | -20.1% |
| Equity | 10/15 | €23,077 | €2,000 | -€21,077 | -91.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,077 | €0 | -€21,077 | -100% |
| Amounts payable | 17/49 | €89,357 | €87,881 | -€1,476 | -1.7% |
| Amounts payable after more than one year | 17 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Other amounts payable | 178/9 | €75,000 | €55,000 | -€20,000 | -26.7% |
| Amounts payable within one year | 42/48 | €14,357 | €32,881 | +€18,524 | +129% |
| Trade debts | 44 | €3,702 | €3,204 | -€497 | -13.4% |
| Suppliers | 440/4 | €3,702 | €3,204 | -€497 | -13.4% |
| Taxes, remuneration and social security | 45 | €8,891 | €7,999 | -€892 | -10.0% |
| Taxes | 450/3 | €8,891 | €6,349 | -€2,542 | -28.6% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €1,764 | €21,677 | +€19,913 | +1,129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,771 | €12,519 | -€252 | -2.0% |
| Other operating charges | 640/8 | €599 | €1,350 | +€751 | +125% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €45,223 | €12,771 | -€32,452 | -71.8% |
| Operating profit (loss) | 9901 | €31,853 | -€1,161 | -€33,015 | |
| Financial income | 75/76B | €2 | €984 | +€982 | +61,021% |
| Recurring financial income | 75 | €2 | €984 | +€982 | +61,021% |
| Financial charges | 65/66B | €3,135 | €151 | -€2,984 | -95.2% |
| Recurring financial charges | 65 | €3,135 | €151 | -€2,984 | -95.2% |
| Profit (loss) for the period before taxes | 9903 | €28,720 | -€328 | -€29,048 | |
| Income taxes | 67/77 | €6,783 | €752 | -€6,031 | -88.9% |
| Profit (loss) for the period | 9904 | €21,936 | -€1,080 | -€23,017 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,936 | -€1,080 | -€23,017 |
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 26 October 2026 via checked.be.