D et G: 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 et G
Largest movements
- Receivables within one year -€10,139
down €10,139 (-49.2%), from €20,622 to €10,484
of which Trade receivables: -€13,057
- Cash +€10,134
up €10,134 (+45.3%), from €22,393 to €32,526
mainly Trade debts (+€11,937) and Receivables within one year (+€10,139)
- Stocks and contracts -€1,678
no longer reported in 2025 (was €1,678)
- Trade debts +€11,937
up €11,937 (+7,892%), from €151 to €12,088
- Profit (loss) carried forward -€8,282
down €8,282 (-44.8%), from €18,501 to €10,219
- Other debts -€5,552
no longer reported in 2025 (was €5,552)
- Gross operating margin -€27,906
down €27,906, from €21,958 to -€5,948
- Taxes -€5,016
no longer reported in 2025 (was €5,016)
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 | €45,451 | €43,194 | -€2,257 | -5.0% |
| Fixed assets | 21/28 | €398 | €184 | -€215 | -53.9% |
| Tangible fixed assets | 22/27 | €398 | €184 | -€215 | -53.9% |
| Furniture and vehicles | 24 | €398 | €184 | -€215 | -53.9% |
| Current assets | 29/58 | €45,053 | €43,010 | -€2,043 | -4.5% |
| Stocks and contracts in progress | 3 | €1,678 | - | -€1,678 | |
| Stocks | 30/36 | €1,678 | - | -€1,678 | |
| Amounts receivable within one year | 40/41 | €20,622 | €10,484 | -€10,139 | -49.2% |
| Trade receivables | 40 | €13,277 | €220 | -€13,057 | -98.3% |
| Other amounts receivable | 41 | €7,345 | €10,264 | +€2,918 | +39.7% |
| Cash at bank and in hand | 54/58 | €22,393 | €32,526 | +€10,134 | +45.3% |
| Deferred charges and accrued income | 490/1 | €360 | - | -€360 | |
| Total equity and liabilities | 10/49 | €45,451 | €43,194 | -€2,257 | -5.0% |
| Equity | 10/15 | €39,388 | €31,106 | -€8,282 | -21.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,295 | €2,295 | = | 0.0% |
| Distributable reserves | 133 | €2,295 | €2,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,501 | €10,219 | -€8,282 | -44.8% |
| Amounts payable | 17/49 | €6,063 | €12,088 | +€6,025 | +99.4% |
| Amounts payable within one year | 42/48 | €5,703 | €12,088 | +€6,385 | +112% |
| Trade debts | 44 | €151 | €12,088 | +€11,937 | +7,892% |
| Suppliers | 440/4 | €151 | €12,088 | +€11,937 | +7,892% |
| Other amounts payable | 47/48 | €5,552 | - | -€5,552 | |
| Accrued charges and deferred income | 492/3 | €360 | - | -€360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €170 | €215 | +€44 | +25.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €1,600 | €1,678 | +€78 | +4.9% |
| Gross operating margin | 9900 | €21,958 | -€5,948 | -€27,906 | |
| Operating profit (loss) | 9901 | €19,800 | -€8,240 | -€28,040 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €50 | €42 | -€8 | -16.2% |
| Recurring financial charges | 65 | €50 | €42 | -€8 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €19,750 | -€8,282 | -€28,032 | |
| Income taxes | 67/77 | €5,016 | - | -€5,016 | |
| Profit (loss) for the period | 9904 | €14,735 | -€8,282 | -€23,017 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,735 | -€8,282 | -€23,017 |
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.