D-FACTO: 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-FACTO
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Reserves +€15,177
up €15,177 (+10.4%), from €145,610 to €160,787
- Current portion of long-term debt -€10,451
down €10,451 (-100%), from €10,451 to €0
- Tax, wage and social debts -€9,768
down €9,768 (-17.0%), from €57,407 to €47,640
of which Taxes: -€16,063
- Gross operating margin -€7,293
down €7,293 (-6.3%), from €116,227 to €108,934
- Financial charges +€5,722
up €5,722 (+515%), from €1,112 to €6,834
- Taxes -€3,626
down €3,626 (-36.2%), from €10,009 to €6,383
- Depreciation -€2,452
down €2,452 (-61.1%), from €4,012 to €1,559
- Staff costs +€1,832
up €1,832 (+2.4%), from €74,836 to €76,669
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 | €254,353 | €250,160 | -€4,192 | -1.6% |
| Fixed assets | 21/28 | €4,035 | €2,716 | -€1,319 | -32.7% |
| Tangible fixed assets | 22/27 | €4,035 | €2,716 | -€1,319 | -32.7% |
| Furniture and vehicles | 24 | €4,035 | €2,716 | -€1,319 | -32.7% |
| Current assets | 29/58 | €250,317 | €247,444 | -€2,873 | -1.1% |
| Amounts receivable within one year | 40/41 | €247,702 | €245,845 | -€1,857 | -0.7% |
| Trade receivables | 40 | €241,649 | €244,757 | +€3,109 | +1.3% |
| Other amounts receivable | 41 | €6,053 | €1,087 | -€4,966 | -82.0% |
| Cash at bank and in hand | 54/58 | €1,849 | €500 | -€1,350 | -73.0% |
| Deferred charges and accrued income | 490/1 | €766 | €1,100 | +€333 | +43.5% |
| Total equity and liabilities | 10/49 | €254,353 | €250,160 | -€4,192 | -1.6% |
| Equity | 10/15 | €164,210 | €179,387 | +€15,177 | +9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €145,610 | €160,787 | +€15,177 | +10.4% |
| Distributable reserves | 133 | €145,610 | €160,787 | +€15,177 | +10.4% |
| Amounts payable | 17/49 | €90,143 | €70,774 | -€19,369 | -21.5% |
| Amounts payable within one year | 42/48 | €90,143 | €70,774 | -€19,369 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €10,451 | €0 | -€10,451 | -100% |
| Trade debts | 44 | €22,285 | €23,134 | +€850 | +3.8% |
| Suppliers | 440/4 | €22,285 | €23,134 | +€850 | +3.8% |
| Taxes, remuneration and social security | 45 | €57,407 | €47,640 | -€9,768 | -17.0% |
| Taxes | 450/3 | €39,739 | €23,676 | -€16,063 | -40.4% |
| Remuneration and social security | 454/9 | €17,669 | €23,964 | +€6,295 | +35.6% |
| Remuneration, social security and pensions | 62 | €74,836 | €76,669 | +€1,832 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,012 | €1,559 | -€2,452 | -61.1% |
| Other operating charges | 640/8 | €1,512 | €2,356 | +€844 | +55.8% |
| Gross operating margin | 9900 | €116,227 | €108,934 | -€7,293 | -6.3% |
| Operating profit (loss) | 9901 | €35,867 | €28,351 | -€7,517 | -21.0% |
| Financial income | 75/76B | €0 | €43 | +€43 | +107,850% |
| Recurring financial income | 75 | €0 | €43 | +€43 | +107,850% |
| Financial charges | 65/66B | €1,112 | €6,834 | +€5,722 | +515% |
| Recurring financial charges | 65 | €1,112 | €6,834 | +€5,722 | +515% |
| Profit (loss) for the period before taxes | 9903 | €34,755 | €21,560 | -€13,195 | -38.0% |
| Income taxes | 67/77 | €10,009 | €6,383 | -€3,626 | -36.2% |
| Profit (loss) for the period | 9904 | €24,747 | €15,177 | -€9,570 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,747 | €15,177 | -€9,570 | -38.7% |
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 21 October 2026 via checked.be.