D en S: 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 en S
Largest movements
- Receivables within one year -€2,201
down €2,201 (-84.9%), from €2,591 to €390
of which Trade receivables: -€2,500
- Cash -€29
down €29 (-35.6%), from €82 to €53
mainly Net result for the year (-€4,960)
- Profit (loss) carried forward -€4,960
down €4,960 (-3.4%), from -€144,485 to -€149,445
- Trade debts +€2,159
up €2,159 (+194%), from €1,110 to €3,270
- Other debts +€570
up €570 (+3.7%), from €15,597 to €16,167
- Gross operating margin -€5,655
down €5,655, from €3,949 to -€1,705
- Financial charges -€243
down €243 (-24.4%), from €998 to €754
- Other operating charges -€100
no longer reported in 2025 (was €100)
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 | €2,673 | €443 | -€2,230 | -83.4% |
| Current assets | 29/58 | €2,673 | €443 | -€2,230 | -83.4% |
| Amounts receivable within one year | 40/41 | €2,591 | €390 | -€2,201 | -84.9% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €91 | €390 | +€299 | +327% |
| Cash at bank and in hand | 54/58 | €82 | €53 | -€29 | -35.6% |
| Total equity and liabilities | 10/49 | €2,673 | €443 | -€2,230 | -83.4% |
| Equity | 10/15 | -€14,034 | -€18,993 | -€4,960 | -35.3% |
| Contributions | 10/11 | €128,592 | €128,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,485 | -€149,445 | -€4,960 | -3.4% |
| Amounts payable | 17/49 | €16,707 | €19,436 | +€2,729 | +16.3% |
| Amounts payable within one year | 42/48 | €16,707 | €19,436 | +€2,729 | +16.3% |
| Trade debts | 44 | €1,110 | €3,270 | +€2,159 | +194% |
| Suppliers | 440/4 | €1,110 | €3,270 | +€2,159 | +194% |
| Other amounts payable | 47/48 | €15,597 | €16,167 | +€570 | +3.7% |
| Non-recurring operating income | 76A | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Non-recurring operating charges | 66A | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €3,949 | -€1,705 | -€5,655 | |
| Operating profit (loss) | 9901 | €3,849 | -€4,205 | -€8,055 | |
| Financial charges | 65/66B | €998 | €754 | -€243 | -24.4% |
| Recurring financial charges | 65 | €998 | €754 | -€243 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €2,852 | -€4,960 | -€7,811 | |
| Profit (loss) for the period | 9904 | €2,852 | -€4,960 | -€7,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,852 | -€4,960 | -€7,811 |
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 19 October 2026 via checked.be.