D & B: 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 & B
Largest movements
- Cash +€33,089
up €33,089 (+41.7%), from €79,312 to €112,401
mainly Other debts (+€38,329) and Net result for the year (+€6,251)
- Receivables within one year +€6,208
up €6,208 (+11.9%), from €52,180 to €58,388
of which Trade receivables: +€11,208
- Deferred charges and accrued income -€4,008
no longer reported in 2025 (was €4,008)
- Other debts +€38,329
up €38,329 (+68.2%), from €56,235 to €94,564
- Debts after one year -€10,452
down €10,452 (-92.1%), from €11,346 to €894
- Profit (loss) carried forward +€6,251
up €6,251 (+5.8%), from €108,142 to €114,394
- Tax, wage and social debts +€4,430
up €4,430 (+7.9%), from €56,089 to €60,519
of which Taxes: +€4,318
- Gross operating margin -€1,122
down €1,122 (-4.8%), from €23,381 to €22,259
- Taxes -€995
down €995 (-27.5%), from €3,614 to €2,619
- Other operating charges -€389
down €389 (-39.7%), from €980 to €591
- Financial charges -€386
down €386 (-2.9%), from €13,186 to €12,800
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 | €267,765 | €303,009 | +€35,244 | +13.2% |
| Fixed assets | 21/28 | €64 | €19 | -€45 | -70.8% |
| Tangible fixed assets | 22/27 | €45 | - | -€45 | |
| Furniture and vehicles | 24 | €45 | - | -€45 | |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €267,701 | €302,990 | +€35,289 | +13.2% |
| Stocks and contracts in progress | 3 | €132,201 | €132,201 | = | 0.0% |
| Stocks | 30/36 | €132,201 | €132,201 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €52,180 | €58,388 | +€6,208 | +11.9% |
| Trade receivables | 40 | €47,180 | €58,388 | +€11,208 | +23.8% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Cash at bank and in hand | 54/58 | €79,312 | €112,401 | +€33,089 | +41.7% |
| Deferred charges and accrued income | 490/1 | €4,008 | - | -€4,008 | |
| Total equity and liabilities | 10/49 | €267,765 | €303,009 | +€35,244 | +13.2% |
| Equity | 10/15 | €116,340 | €122,591 | +€6,251 | +5.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,142 | €114,394 | +€6,251 | +5.8% |
| Amounts payable | 17/49 | €151,425 | €180,418 | +€28,993 | +19.1% |
| Amounts payable after more than one year | 17 | €11,346 | €894 | -€10,452 | -92.1% |
| Financial debts | 170/4 | €11,346 | €894 | -€10,452 | -92.1% |
| Amounts payable within one year | 42/48 | €140,079 | €179,524 | +€39,445 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €13,443 | €10,452 | -€2,991 | -22.3% |
| Trade debts | 44 | €14,312 | €13,989 | -€323 | -2.3% |
| Suppliers | 440/4 | €14,312 | €13,989 | -€323 | -2.3% |
| Taxes, remuneration and social security | 45 | €56,089 | €60,519 | +€4,430 | +7.9% |
| Taxes | 450/3 | €20,698 | €25,016 | +€4,318 | +20.9% |
| Remuneration and social security | 454/9 | €35,391 | €35,503 | +€112 | +0.3% |
| Other amounts payable | 47/48 | €56,235 | €94,564 | +€38,329 | +68.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €268 | €45 | -€224 | -83.3% |
| Other operating charges | 640/8 | €980 | €591 | -€389 | -39.7% |
| Non-recurring operating charges | 66A | €3,650 | - | -€3,650 | |
| Gross operating margin | 9900 | €23,381 | €22,259 | -€1,122 | -4.8% |
| Operating profit (loss) | 9901 | €18,482 | €21,623 | +€3,141 | +17.0% |
| Financial income | 75/76B | €10 | €47 | +€37 | +386.3% |
| Recurring financial income | 75 | €10 | €47 | +€37 | +386.3% |
| Financial charges | 65/66B | €13,186 | €12,800 | -€386 | -2.9% |
| Recurring financial charges | 65 | €13,186 | €12,800 | -€386 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €5,306 | €8,871 | +€3,564 | +67.2% |
| Income taxes | 67/77 | €3,614 | €2,619 | -€995 | -27.5% |
| Profit (loss) for the period | 9904 | €1,692 | €6,251 | +€4,559 | +269.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,692 | €6,251 | +€4,559 | +269.4% |
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 5 October 2026 via checked.be.