D.DW: 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.DW
Largest movements
- Cash +€44,153
up €44,153 (+50.4%), from €87,521 to €131,674
mainly Trade debts (+€26,254) and Net result for the year (+€17,670)
- Receivables within one year -€6,898
down €6,898 (-30.8%), from €22,405 to €15,507
of which Other amounts receivable: -€5,767
- Stocks and contracts +€3,000
new in 2025: €3,000
- Tangible fixed assets -€2,730
down €2,730 (-19.8%), from €13,790 to €11,060
of which Plant, machinery and equipment: -€3,707
- Reserves +€75,516
new in 2025: €75,516
- Profit (loss) carried forward -€67,846
down €67,846 (-100%), from €67,846 to €0
- Trade debts +€26,254
up €26,254 (+475%), from €5,527 to €31,781
- Other debts +€17,544
up €17,544 (+151%), from €11,646 to €29,190
- Tax, wage and social debts -€11,283
down €11,283 (-54.0%), from €20,886 to €9,603
of which Taxes: -€9,130
- Gross operating margin -€34,828
down €34,828 (-40.9%), from €85,250 to €50,422
- Staff costs -€15,666
down €15,666 (-43.4%), from €36,120 to €20,454
- Taxes -€5,521
down €5,521 (-67.2%), from €8,211 to €2,690
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 | €124,646 | €162,433 | +€37,788 | +30.3% |
| Fixed assets | 21/28 | €13,790 | €11,060 | -€2,730 | -19.8% |
| Tangible fixed assets | 22/27 | €13,790 | €11,060 | -€2,730 | -19.8% |
| Plant, machinery and equipment | 23 | €13,417 | €9,710 | -€3,707 | -27.6% |
| Furniture and vehicles | 24 | €374 | €1,350 | +€977 | +261% |
| Current assets | 29/58 | €110,855 | €151,373 | +€40,518 | +36.5% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Stocks | 30/36 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €22,405 | €15,507 | -€6,898 | -30.8% |
| Trade receivables | 40 | €1,264 | €133 | -€1,131 | -89.5% |
| Other amounts receivable | 41 | €21,141 | €15,374 | -€5,767 | -27.3% |
| Cash at bank and in hand | 54/58 | €87,521 | €131,674 | +€44,153 | +50.4% |
| Deferred charges and accrued income | 490/1 | €929 | €1,192 | +€263 | +28.3% |
| Total equity and liabilities | 10/49 | €124,646 | €162,433 | +€37,788 | +30.3% |
| Equity | 10/15 | €82,846 | €90,516 | +€7,670 | +9.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | - | €75,516 | +€75,516 | |
| Distributable reserves | 133 | - | €75,516 | +€75,516 | |
| Profit (loss) carried forward | 14 | €67,846 | €0 | -€67,846 | -100% |
| Amounts payable | 17/49 | €41,800 | €71,917 | +€30,118 | +72.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €41,545 | €70,574 | +€29,028 | +69.9% |
| Current portion of amounts payable after more than one year | 42 | €3,487 | €0 | -€3,487 | -100% |
| Trade debts | 44 | €5,527 | €31,781 | +€26,254 | +475% |
| Suppliers | 440/4 | €5,527 | €31,781 | +€26,254 | +475% |
| Taxes, remuneration and social security | 45 | €20,886 | €9,603 | -€11,283 | -54.0% |
| Taxes | 450/3 | €17,341 | €8,211 | -€9,130 | -52.7% |
| Remuneration and social security | 454/9 | €3,545 | €1,392 | -€2,153 | -60.7% |
| Other amounts payable | 47/48 | €11,646 | €29,190 | +€17,544 | +151% |
| Accrued charges and deferred income | 492/3 | €254 | €1,344 | +€1,089 | +429% |
| Remuneration, social security and pensions | 62 | €36,120 | €20,454 | -€15,666 | -43.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,283 | €6,350 | +€67 | +1.1% |
| Other operating charges | 640/8 | €830 | €817 | -€13 | -1.6% |
| Gross operating margin | 9900 | €85,250 | €50,422 | -€34,828 | -40.9% |
| Operating profit (loss) | 9901 | €42,018 | €22,801 | -€19,216 | -45.7% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,719 | €2,441 | -€277 | -10.2% |
| Recurring financial charges | 65 | €2,719 | €2,441 | -€277 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €39,300 | €20,360 | -€18,941 | -48.2% |
| Income taxes | 67/77 | €8,211 | €2,690 | -€5,521 | -67.2% |
| Profit (loss) for the period | 9904 | €31,090 | €17,670 | -€13,420 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €31,090 | €17,670 | -€13,420 | -43.2% |
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 23 October 2026 via checked.be.