D-cube: 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-cube
Largest movements
- Tangible fixed assets -€32,207
down €32,207 (-54.3%), from €59,315 to €27,108
of which Furniture and vehicles: -€27,947
- Stocks and contracts -€28,654
down €28,654 (-86.9%), from €32,960 to €4,306
- Cash -€7,906
down €7,906 (-99.6%), from €7,937 to €31
mainly Other debts (-€286,573) and Net result for the year (-€33,474)
- Deferred charges and accrued income -€4,336
no longer reported in 2025 (was €4,336)
- Receivables within one year +€3,245
up €3,245 (+16.9%), from €19,246 to €22,491
of which Other amounts receivable: +€2,197
- Other debts -€286,573
no longer reported in 2025 (was €286,573)
- Accrued charges and deferred income +€265,012
new in 2025: €265,012
- Profit (loss) carried forward -€33,474
down €33,474 (-17.7%), from -€188,653 to -€222,127
- Current portion of long-term debt -€12,467
no longer reported in 2025 (was €12,467)
- Trade debts -€1,488
no longer reported in 2025 (was €1,488)
- Other operating charges -€90,000
no longer reported in 2025 (was €90,000)
- Gross operating margin -€62,214
down €62,214, from €61,414 to -€800
- Depreciation -€2,100
down €2,100 (-6.1%), from €34,307 to €32,207
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 | €123,794 | €53,936 | -€69,858 | -56.4% |
| Fixed assets | 21/28 | €59,315 | €27,108 | -€32,207 | -54.3% |
| Tangible fixed assets | 22/27 | €59,315 | €27,108 | -€32,207 | -54.3% |
| Plant, machinery and equipment | 23 | €13,167 | €8,907 | -€4,260 | -32.4% |
| Furniture and vehicles | 24 | €46,148 | €18,201 | -€27,947 | -60.6% |
| Current assets | 29/58 | €64,479 | €26,828 | -€37,651 | -58.4% |
| Stocks and contracts in progress | 3 | €32,960 | €4,306 | -€28,654 | -86.9% |
| Stocks | 30/36 | €32,960 | €4,306 | -€28,654 | -86.9% |
| Amounts receivable within one year | 40/41 | €19,246 | €22,491 | +€3,245 | +16.9% |
| Trade receivables | 40 | €18,482 | €19,530 | +€1,048 | +5.7% |
| Other amounts receivable | 41 | €764 | €2,961 | +€2,197 | +287.6% |
| Cash at bank and in hand | 54/58 | €7,937 | €31 | -€7,906 | -99.6% |
| Deferred charges and accrued income | 490/1 | €4,336 | - | -€4,336 | |
| Total equity and liabilities | 10/49 | €123,794 | €53,936 | -€69,858 | -56.4% |
| Equity | 10/15 | -€178,653 | -€212,127 | -€33,474 | -18.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€188,653 | -€222,127 | -€33,474 | -17.7% |
| Amounts payable | 17/49 | €302,447 | €266,063 | -€36,384 | -12.0% |
| Amounts payable after more than one year | 17 | €1,051 | €1,051 | = | 0.0% |
| Financial debts | 170/4 | €1,051 | €1,051 | = | 0.0% |
| Amounts payable within one year | 42/48 | €301,396 | - | -€301,396 | |
| Current portion of amounts payable after more than one year | 42 | €12,467 | - | -€12,467 | |
| Trade debts | 44 | €1,488 | - | -€1,488 | |
| Suppliers | 440/4 | €1,488 | - | -€1,488 | |
| Taxes, remuneration and social security | 45 | €868 | - | -€868 | |
| Taxes | 450/3 | €868 | - | -€868 | |
| Other amounts payable | 47/48 | €286,573 | - | -€286,573 | |
| Accrued charges and deferred income | 492/3 | - | €265,012 | +€265,012 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,307 | €32,207 | -€2,100 | -6.1% |
| Other operating charges | 640/8 | €90,000 | - | -€90,000 | |
| Gross operating margin | 9900 | €61,414 | -€800 | -€62,214 | |
| Operating profit (loss) | 9901 | -€62,893 | -€33,007 | +€29,886 | +47.5% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €937 | €467 | -€470 | -50.2% |
| Recurring financial charges | 65 | €937 | €467 | -€470 | -50.2% |
| Profit (loss) for the period before taxes | 9903 | -€63,820 | -€33,474 | +€30,346 | +47.5% |
| Profit (loss) for the period | 9904 | -€63,820 | -€33,474 | +€30,346 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,820 | -€33,474 | +€30,346 | +47.5% |
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 8 October 2026 via checked.be.