D Fiscal: 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 Fiscal
Largest movements
- Receivables within one year +€6,265
up €6,265 (+596%), from €1,050 to €7,315
of which Trade receivables: +€6,255
- Cash +€5,553
up €5,553 (+5.5%), from €100,822 to €106,375
mainly Net result for the year (+€14,102) and Tax, wage and social debts (+€9,566)
- Reserves +€12,500
up €12,500 (+43.1%), from €29,000 to €41,500
- Trade debts -€11,978
down €11,978 (-56.7%), from €21,138 to €9,161
- Tax, wage and social debts +€9,566
up €9,566 (+43.3%), from €22,116 to €31,683
of which Taxes: +€9,257
- Profit (loss) carried forward +€1,602
up €1,602 (+12.4%), from €12,889 to €14,490
- Gross operating margin +€18,311
up €18,311 (+110%), from €16,651 to €34,963
- Staff costs +€12,079
new in 2025: €12,079
- Taxes +€1,226
up €1,226 (+27.5%), from €4,449 to €5,675
- Other operating charges +€778
up €778 (+44.3%), from €1,754 to €2,532
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 | €102,957 | €114,648 | +€11,691 | +11.4% |
| Fixed assets | 21/28 | €323 | - | -€323 | |
| Tangible fixed assets | 22/27 | €323 | - | -€323 | |
| Furniture and vehicles | 24 | €323 | - | -€323 | |
| Current assets | 29/58 | €102,634 | €114,648 | +€12,014 | +11.7% |
| Amounts receivable within one year | 40/41 | €1,050 | €7,315 | +€6,265 | +596% |
| Trade receivables | 40 | €1,050 | €7,305 | +€6,255 | +595% |
| Other amounts receivable | 41 | - | €10 | +€10 | |
| Cash at bank and in hand | 54/58 | €100,822 | €106,375 | +€5,553 | +5.5% |
| Deferred charges and accrued income | 490/1 | €762 | €958 | +€196 | +25.7% |
| Total equity and liabilities | 10/49 | €102,957 | €114,648 | +€11,691 | +11.4% |
| Equity | 10/15 | €46,889 | €60,990 | +€14,102 | +30.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,000 | €41,500 | +€12,500 | +43.1% |
| Distributable reserves | 133 | €29,000 | €41,500 | +€12,500 | +43.1% |
| Profit (loss) carried forward | 14 | €12,889 | €14,490 | +€1,602 | +12.4% |
| Amounts payable | 17/49 | €56,069 | €53,658 | -€2,411 | -4.3% |
| Amounts payable within one year | 42/48 | €56,069 | €53,658 | -€2,411 | -4.3% |
| Trade debts | 44 | €21,138 | €9,161 | -€11,978 | -56.7% |
| Suppliers | 440/4 | €21,138 | €9,161 | -€11,978 | -56.7% |
| Taxes, remuneration and social security | 45 | €22,116 | €31,683 | +€9,566 | +43.3% |
| Taxes | 450/3 | €8,265 | €17,523 | +€9,257 | +112% |
| Remuneration and social security | 454/9 | €13,851 | €14,160 | +€309 | +2.2% |
| Other amounts payable | 47/48 | €12,814 | €12,814 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €12,079 | +€12,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €563 | €323 | -€240 | -42.6% |
| Other operating charges | 640/8 | €1,754 | €2,532 | +€778 | +44.3% |
| Gross operating margin | 9900 | €16,651 | €34,963 | +€18,311 | +110% |
| Operating profit (loss) | 9901 | €14,334 | €20,028 | +€5,694 | +39.7% |
| Financial charges | 65/66B | €278 | €252 | -€26 | -9.3% |
| Recurring financial charges | 65 | €278 | €252 | -€26 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €14,057 | €19,776 | +€5,720 | +40.7% |
| Income taxes | 67/77 | €4,449 | €5,675 | +€1,226 | +27.5% |
| Profit (loss) for the period | 9904 | €9,608 | €14,102 | +€4,494 | +46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €9,608 | €14,102 | +€4,494 | +46.8% |
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 17 October 2026 via checked.be.