D & D: what changed
Two financial 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 & D
Largest movements
- Cash -€65,270
down €65,270 (-61.6%), from €106,023 to €40,753
mainly Receivables within one year (-€49,014) and Other debts (-€23,452)
- Receivables within one year +€49,014
up €49,014 (+24.6%), from €198,897 to €247,911
of which Other amounts receivable: +€31,066
- Other debts -€23,452
down €23,452 (-6.1%), from €382,959 to €359,506
- Profit (loss) carried forward +€11,129
up €11,129 (+5.9%), from €188,370 to €199,500
- Gross operating margin +€5,083
up €5,083 (+11.2%), from €45,318 to €50,401
- Taxes +€2,639
up €2,639 (+1,207%), from €219 to €2,858
- Financial charges -€1,466
down €1,466 (-4.9%), from €29,759 to €28,292
- Depreciation -€981
down €981 (-12.7%), from €7,702 to €6,721
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.
Derived cash bridge
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 | €858,712 | €839,826 | -€18,886 | -2.2% |
| Fixed assets | 21/28 | €552,508 | €549,875 | -€2,633 | -0.5% |
| Tangible fixed assets | 22/27 | €156,275 | €153,642 | -€2,633 | -1.7% |
| Land and buildings | 22 | €155,000 | €148,926 | -€6,074 | -3.9% |
| Plant, machinery and equipment | 23 | €1,276 | €4,716 | +€3,440 | +270% |
| Financial fixed assets | 28 | €396,233 | €396,233 | = | 0.0% |
| Current assets | 29/58 | €306,204 | €289,951 | -€16,253 | -5.3% |
| Amounts receivable within one year | 40/41 | €198,897 | €247,911 | +€49,014 | +24.6% |
| Trade receivables | 40 | €94,528 | €112,476 | +€17,948 | +19.0% |
| Other amounts receivable | 41 | €104,369 | €135,435 | +€31,066 | +29.8% |
| Cash at bank and in hand | 54/58 | €106,023 | €40,753 | -€65,270 | -61.6% |
| Deferred charges and accrued income | 490/1 | €1,284 | €1,288 | +€4 | +0.3% |
| Total equity and liabilities | 10/49 | €858,712 | €839,826 | -€18,886 | -2.2% |
| Equity | 10/15 | €462,981 | €474,111 | +€11,129 | +2.4% |
| Contributions | 10/11 | €246,875 | €246,875 | = | 0.0% |
| Reserves | 13 | €27,736 | €27,736 | = | 0.0% |
| Distributable reserves | 133 | €27,736 | €27,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,370 | €199,500 | +€11,129 | +5.9% |
| Amounts payable | 17/49 | €395,731 | €365,715 | -€30,015 | -7.6% |
| Amounts payable within one year | 42/48 | €395,731 | €365,715 | -€30,015 | -7.6% |
| Trade debts | 44 | €8,928 | €424 | -€8,504 | -95.3% |
| Suppliers | 440/4 | €8,928 | €424 | -€8,504 | -95.3% |
| Taxes, remuneration and social security | 45 | €3,844 | €5,785 | +€1,941 | +50.5% |
| Taxes | 450/3 | €3,844 | €5,785 | +€1,941 | +50.5% |
| Other amounts payable | 47/48 | €382,959 | €359,506 | -€23,452 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,702 | €6,721 | -€981 | -12.7% |
| Other operating charges | 640/8 | €2,061 | €2,125 | +€64 | +3.1% |
| Gross operating margin | 9900 | €45,318 | €50,401 | +€5,083 | +11.2% |
| Operating profit (loss) | 9901 | €35,555 | €41,555 | +€6,000 | +16.9% |
| Financial income | 75/76B | €1,033 | €724 | -€309 | -29.9% |
| Recurring financial income | 75 | €1,033 | €724 | -€309 | -29.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €29,759 | €28,292 | -€1,466 | -4.9% |
| Recurring financial charges | 65 | €29,759 | €28,292 | -€1,466 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €6,829 | €13,987 | +€7,158 | +105% |
| Income taxes | 67/77 | €219 | €2,858 | +€2,639 | +1,207% |
| Profit (loss) for the period | 9904 | €6,611 | €11,129 | +€4,518 | +68.4% |
| Profit (loss) for the period to be appropriated | 9905 | €6,611 | €11,129 | +€4,518 | +68.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.