D-BOW: 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-BOW
Largest movements
- Cash +€45,927
up €45,927 (+58.2%), from €78,931 to €124,858
mainly Net result for the year (+€68,737) and Depreciation (+€10,165)
- Financial fixed assets +€10,000
new in 2025: €10,000
- Tangible fixed assets -€9,182
down €9,182 (-34.3%), from €26,737 to €17,555
of which Furniture and vehicles: -€8,705
- Reserves +€67,878
up €67,878 (+105.9%), from €64,079 to €131,957
- Current portion of long-term debt -€11,609
down €11,609 (-100.0%), from €11,609 to €0
- Other debts -€8,398
down €8,398 (-65.3%), from €12,854 to €4,457
- Tax, wage and social debts -€6,204
down €6,204 (-19.0%), from €32,674 to €26,470
- Trade debts +€5,038
up €5,038 (+193.4%), from €2,605 to €7,643
- Taxes -€5,630
down €5,630 (-24.1%), from €23,401 to €17,771
- Gross operating margin -€2,657
down €2,657 (-2.7%), from €99,367 to €96,710
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 | €123,922 | €170,627 | +€46,705 | +37.7% |
| Fixed assets | 21/28 | €26,737 | €27,555 | +€818 | +3.1% |
| Tangible fixed assets | 22/27 | €26,737 | €17,555 | -€9,182 | -34.3% |
| Plant, machinery and equipment | 23 | €879 | €1,338 | +€459 | +52.2% |
| Furniture and vehicles | 24 | €17,023 | €8,317 | -€8,705 | -51.1% |
| Other tangible fixed assets | 26 | €8,835 | €7,900 | -€936 | -10.6% |
| Financial fixed assets | 28 | - | €10,000 | +€10,000 | |
| Current assets | 29/58 | €97,185 | €143,072 | +€45,887 | +47.2% |
| Amounts receivable within one year | 40/41 | €18,212 | €17,545 | -€667 | -3.7% |
| Trade receivables | 40 | €18,212 | €17,545 | -€667 | -3.7% |
| Cash at bank and in hand | 54/58 | €78,931 | €124,858 | +€45,927 | +58.2% |
| Deferred charges and accrued income | 490/1 | €41 | €669 | +€627 | +1523.1% |
| Total equity and liabilities | 10/49 | €123,922 | €170,627 | +€46,705 | +37.7% |
| Equity | 10/15 | €64,179 | €132,057 | +€67,878 | +105.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €64,079 | €131,957 | +€67,878 | +105.9% |
| Distributable reserves | 133 | €64,079 | €131,957 | +€67,878 | +105.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €59,743 | €38,570 | -€21,173 | -35.4% |
| Amounts payable within one year | 42/48 | €59,743 | €38,570 | -€21,173 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €11,609 | €0 | -€11,609 | -100.0% |
| Trade debts | 44 | €2,605 | €7,643 | +€5,038 | +193.4% |
| Suppliers | 440/4 | €2,605 | €7,643 | +€5,038 | +193.4% |
| Taxes, remuneration and social security | 45 | €32,674 | €26,470 | -€6,204 | -19.0% |
| Taxes | 450/3 | €32,674 | €26,470 | -€6,204 | -19.0% |
| Other amounts payable | 47/48 | €12,854 | €4,457 | -€8,398 | -65.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,020 | €10,165 | +€145 | +1.4% |
| Other operating charges | 640/8 | €805 | €271 | -€534 | -66.4% |
| Gross operating margin | 9900 | €99,367 | €96,710 | -€2,657 | -2.7% |
| Operating profit (loss) | 9901 | €88,542 | €86,275 | -€2,268 | -2.6% |
| Financial income | 75/76B | €38 | €624 | +€587 | +1547.5% |
| Recurring financial income | 75 | €38 | €624 | +€587 | +1547.5% |
| Financial charges | 65/66B | €1,100 | €391 | -€709 | -64.5% |
| Recurring financial charges | 65 | €1,100 | €391 | -€709 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €87,480 | €86,508 | -€972 | -1.1% |
| Income taxes | 67/77 | €23,401 | €17,771 | -€5,630 | -24.1% |
| Profit (loss) for the period | 9904 | €64,079 | €68,737 | +€4,658 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,079 | €68,737 | +€4,658 | +7.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.