D-Choc: 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-Choc
Largest movements
- Cash +€109,746
up €109,746 (+199.8%), from €54,940 to €164,686
mainly Current investments (+€60,000) and Net result for the year (+€51,009)
- Current investments -€60,000
down €60,000 (-100.0%), from €60,000 to €0
- Receivables within one year -€5,369
down €5,369 (-26.6%), from €20,157 to €14,789
of which Trade receivables: -€5,022
- Deferred charges and accrued income -€2,645
down €2,645 (-67.7%), from €3,904 to €1,259
- Stocks and contracts -€2,336
down €2,336 (-10.1%), from €23,126 to €20,790
- Reserves +€51,009
up €51,009 (+36.4%), from €139,968 to €190,977
- Trade debts -€8,838
down €8,838 (-57.0%), from €15,510 to €6,671
- Gross operating margin -€4,472
down €4,472 (-5.2%), from €86,468 to €81,996
- Taxes -€1,025
down €1,025 (-4.1%), from €25,130 to €24,105
- Other operating charges -€972
down €972 (-58.1%), from €1,674 to €701
- Financial income +€896
up €896 (+286.8%), from €312 to €1,208
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 | €165,350 | €206,404 | +€41,054 | +24.8% |
| Fixed assets | 21/28 | €3,223 | €4,880 | +€1,657 | +51.4% |
| Tangible fixed assets | 22/27 | €3,173 | €4,830 | +€1,657 | +52.2% |
| Land and buildings | 22 | €947 | €3,239 | +€2,292 | +242.1% |
| Plant, machinery and equipment | 23 | €32 | €0 | -€32 | -100.0% |
| Furniture and vehicles | 24 | €2,194 | €1,591 | -€603 | -27.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €162,127 | €201,524 | +€39,396 | +24.3% |
| Stocks and contracts in progress | 3 | €23,126 | €20,790 | -€2,336 | -10.1% |
| Stocks | 30/36 | €23,126 | €20,790 | -€2,336 | -10.1% |
| Amounts receivable within one year | 40/41 | €20,157 | €14,789 | -€5,369 | -26.6% |
| Trade receivables | 40 | €19,811 | €14,789 | -€5,022 | -25.4% |
| Other amounts receivable | 41 | €347 | €0 | -€347 | -100.0% |
| Current investments | 50/53 | €60,000 | €0 | -€60,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €54,940 | €164,686 | +€109,746 | +199.8% |
| Deferred charges and accrued income | 490/1 | €3,904 | €1,259 | -€2,645 | -67.7% |
| Total equity and liabilities | 10/49 | €165,350 | €206,404 | +€41,054 | +24.8% |
| Equity | 10/15 | €146,168 | €197,177 | +€51,009 | +34.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €139,968 | €190,977 | +€51,009 | +36.4% |
| Distributable reserves | 133 | €139,968 | €190,977 | +€51,009 | +36.4% |
| Amounts payable | 17/49 | €19,183 | €9,227 | -€9,956 | -51.9% |
| Amounts payable within one year | 42/48 | €16,631 | €7,977 | -€8,654 | -52.0% |
| Trade debts | 44 | €15,510 | €6,671 | -€8,838 | -57.0% |
| Suppliers | 440/4 | €15,510 | €6,671 | -€8,838 | -57.0% |
| Advances received on contracts in progress | 46 | €40 | €0 | -€40 | -100.0% |
| Taxes, remuneration and social security | 45 | €543 | €1,306 | +€763 | +140.5% |
| Taxes | 450/3 | €543 | €1,306 | +€763 | +140.5% |
| Other amounts payable | 47/48 | €538 | €0 | -€538 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,552 | €1,250 | -€1,302 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €904 | €915 | +€11 | +1.2% |
| Other operating charges | 640/8 | €1,674 | €701 | -€972 | -58.1% |
| Gross operating margin | 9900 | €86,468 | €81,996 | -€4,472 | -5.2% |
| Operating profit (loss) | 9901 | €83,890 | €80,379 | -€3,511 | -4.2% |
| Financial income | 75/76B | €312 | €1,208 | +€896 | +286.8% |
| Recurring financial income | 75 | €312 | €1,208 | +€896 | +286.8% |
| Financial charges | 65/66B | €6,767 | €6,474 | -€293 | -4.3% |
| Recurring financial charges | 65 | €6,767 | €6,474 | -€293 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €77,436 | €75,114 | -€2,322 | -3.0% |
| Income taxes | 67/77 | €25,130 | €24,105 | -€1,025 | -4.1% |
| Profit (loss) for the period | 9904 | €52,306 | €51,009 | -€1,297 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,306 | €51,009 | -€1,297 | -2.5% |
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 4 October 2026 via checked.be.