D&E: 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&E
Largest movements
- Receivables within one year +€30,261
up €30,261 (+18.8%), from €160,784 to €191,044
of which Other amounts receivable: +€75,344
- Cash -€4,045
down €4,045 (-100.0%), from €4,045 to €0
mainly Receivables within one year (-€30,261) and Tax, wage and social debts (-€8,139)
- Trade debts +€21,933
up €21,933 (+23.4%), from €93,756 to €115,689
- Tax, wage and social debts -€8,139
down €8,139 (-25.2%), from €32,324 to €24,185
- Short-term financial debts +€4,692
new in 2025: €4,692
- Reserves +€4,547
up €4,547 (+19.9%), from €22,849 to €27,396
- Other debts +€3,281
up €3,281, from €0 to €3,281
- Gross operating margin -€58,660
down €58,660 (-98.5%), from €59,552 to €892
- Taxes -€16,131
down €16,131 (-89.8%), from €17,971 to €1,840
- Financial income +€7,162
up €7,162 (+3844.3%), from €186 to €7,348
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 | €167,529 | €193,844 | +€26,315 | +15.7% |
| Fixed assets | 21/28 | €900 | €900 | = | 0.0% |
| Financial fixed assets | 28 | €900 | €900 | = | 0.0% |
| Current assets | 29/58 | €166,629 | €192,944 | +€26,315 | +15.8% |
| Amounts receivable within one year | 40/41 | €160,784 | €191,044 | +€30,261 | +18.8% |
| Trade receivables | 40 | €45,083 | €0 | -€45,083 | -100.0% |
| Other amounts receivable | 41 | €115,701 | €191,044 | +€75,344 | +65.1% |
| Cash at bank and in hand | 54/58 | €4,045 | €0 | -€4,045 | -100.0% |
| Deferred charges and accrued income | 490/1 | €1,800 | €1,899 | +€99 | +5.5% |
| Total equity and liabilities | 10/49 | €167,529 | €193,844 | +€26,315 | +15.7% |
| Equity | 10/15 | €41,449 | €45,996 | +€4,547 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,849 | €27,396 | +€4,547 | +19.9% |
| Distributable reserves | 133 | €22,849 | €27,396 | +€4,547 | +19.9% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €126,080 | €147,848 | +€21,768 | +17.3% |
| Amounts payable within one year | 42/48 | €126,080 | €147,848 | +€21,768 | +17.3% |
| Financial debts | 43 | - | €4,692 | +€4,692 | |
| Credit institutions | 430/8 | - | €4,692 | +€4,692 | |
| Trade debts | 44 | €93,756 | €115,689 | +€21,933 | +23.4% |
| Suppliers | 440/4 | €93,756 | €115,689 | +€21,933 | +23.4% |
| Taxes, remuneration and social security | 45 | €32,324 | €24,185 | -€8,139 | -25.2% |
| Taxes | 450/3 | €32,324 | €24,185 | -€8,139 | -25.2% |
| Other amounts payable | 47/48 | €0 | €3,281 | +€3,281 | |
| Other operating charges | 640/8 | €1,118 | €767 | -€351 | -31.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €59,552 | €892 | -€58,660 | -98.5% |
| Operating profit (loss) | 9901 | €58,435 | €125 | -€58,309 | -99.8% |
| Financial income | 75/76B | €186 | €7,348 | +€7,162 | +3844.3% |
| Recurring financial income | 75 | €186 | €7,348 | +€7,162 | +3844.3% |
| Financial charges | 65/66B | €1,083 | €1,086 | +€3 | +0.3% |
| Recurring financial charges | 65 | €1,083 | €1,086 | +€3 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €57,538 | €6,387 | -€51,151 | -88.9% |
| Income taxes | 67/77 | €17,971 | €1,840 | -€16,131 | -89.8% |
| Profit (loss) for the period | 9904 | €39,567 | €4,547 | -€35,020 | -88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,567 | €4,547 | -€35,020 | -88.5% |
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 9 October 2026 via checked.be.