D & C: what changed
D & C
Largest movements
- Cash +€17,411
up €17,411 (+232%), from €7,498 to €24,909
mainly Net result for the year (+€13,520) and Depreciation (+€7,708)
- Tangible fixed assets -€7,708
down €7,708 (-24.9%), from €30,947 to €23,239
of which Furniture and vehicles: -€5,591
- Current investments -€5,000
down €5,000 (-82.0%), from €6,100 to €1,100
- Receivables within one year +€4,107
up €4,107 (+72.2%), from €5,690 to €9,797
of which Trade receivables: +€3,385
- Deferred charges and accrued income +€1,098
up €1,098 (+142%), from €772 to €1,870
- Profit (loss) carried forward +€13,520
up €13,520, from -€10,452 to €3,068
- Trade debts -€3,607
down €3,607 (-73.5%), from €4,906 to €1,299
- Short-term financial debts +€2,932
new in 2025: €2,932
- Tax, wage and social debts -€2,179
down €2,179 (-22.6%), from €9,640 to €7,461
- Debts after one year -€758
down €758 (-2.7%), from €28,428 to €27,671
- Turnover +€101,740
new in 2025: €101,740
- Purchases and services +€74,188
new in 2025: €74,188
- Gross operating margin +€8,214
up €8,214 (+42.5%), from €19,338 to €27,552
- Taxes +€1,110
up €1,110 (+35.0%), from €3,168 to €4,278
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,008 | €60,915 | +€9,908 | +19.4% |
| Fixed assets | 21/28 | €30,947 | €23,239 | -€7,708 | -24.9% |
| Tangible fixed assets | 22/27 | €30,947 | €23,239 | -€7,708 | -24.9% |
| Furniture and vehicles | 24 | €10,732 | €5,141 | -€5,591 | -52.1% |
| Other tangible fixed assets | 26 | €20,215 | €18,099 | -€2,117 | -10.5% |
| Current assets | 29/58 | €20,060 | €37,676 | +€17,615 | +87.8% |
| Amounts receivable within one year | 40/41 | €5,690 | €9,797 | +€4,107 | +72.2% |
| Trade receivables | 40 | €5,690 | €9,075 | +€3,385 | +59.5% |
| Other amounts receivable | 41 | - | €722 | +€722 | |
| Current investments | 50/53 | €6,100 | €1,100 | -€5,000 | -82.0% |
| Cash at bank and in hand | 54/58 | €7,498 | €24,909 | +€17,411 | +232% |
| Deferred charges and accrued income | 490/1 | €772 | €1,870 | +€1,098 | +142% |
| Total equity and liabilities | 10/49 | €51,008 | €60,915 | +€9,908 | +19.4% |
| Equity | 10/15 | €8,034 | €21,554 | +€13,520 | +168% |
| Contributions | 10/11 | €18,486 | €18,486 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,452 | €3,068 | +€13,520 | |
| Amounts payable | 17/49 | €42,974 | €39,362 | -€3,612 | -8.4% |
| Amounts payable after more than one year | 17 | €28,428 | €27,671 | -€758 | -2.7% |
| Other amounts payable | 178/9 | €28,428 | €27,671 | -€758 | -2.7% |
| Amounts payable within one year | 42/48 | €14,546 | €11,691 | -€2,854 | -19.6% |
| Financial debts | 43 | - | €2,932 | +€2,932 | |
| Credit institutions | 430/8 | - | €2,932 | +€2,932 | |
| Trade debts | 44 | €4,906 | €1,299 | -€3,607 | -73.5% |
| Suppliers | 440/4 | €4,906 | €1,299 | -€3,607 | -73.5% |
| Taxes, remuneration and social security | 45 | €9,640 | €7,461 | -€2,179 | -22.6% |
| Taxes | 450/3 | €9,640 | €7,461 | -€2,179 | -22.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | - | €101,740 | +€101,740 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €74,188 | +€74,188 | |
| Remuneration, social security and pensions | 62 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,739 | €7,708 | +€969 | +14.4% |
| Other operating charges | 640/8 | €734 | €719 | -€15 | -2.0% |
| Gross operating margin | 9900 | €19,338 | €27,552 | +€8,214 | +42.5% |
| Operating profit (loss) | 9901 | €11,865 | €18,855 | +€6,990 | +58.9% |
| Financial income | 75/76B | €11 | - | -€11 | |
| Recurring financial income | 75 | €11 | - | -€11 | |
| Financial charges | 65/66B | €1,468 | €1,058 | -€410 | -27.9% |
| Recurring financial charges | 65 | €1,468 | €1,058 | -€410 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €10,408 | €17,798 | +€7,389 | +71.0% |
| Income taxes | 67/77 | €3,168 | €4,278 | +€1,110 | +35.0% |
| Profit (loss) for the period | 9904 | €7,241 | €13,520 | +€6,279 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,241 | €13,520 | +€6,279 | +86.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.