D-FISCALYSE: 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-FISCALYSE
Largest movements
- Cash -€51,396
down €51,396 (-28.9%), from €177,909 to €126,513
mainly Other debts (-€275,619) and Contributions, distributions and other (-€273,695)
- Receivables within one year +€15,000
up €15,000 (+42.9%), from €35,000 to €50,000
of which Other amounts receivable: +€50,000
- Other debts -€275,619
down €275,619 (-62.7%), from €439,286 to €163,667
- Debts after one year +€262,344
new in 2025: €262,344
- Reserves -€180,342
down €180,342 (-33.3%), from €541,432 to €361,090
of which Distributable reserves: -€180,342
- Current portion of long-term debt +€76,309
new in 2025: €76,309
- Tax, wage and social debts +€58,206
up €58,206 (+131%), from €44,471 to €102,677
- Gross operating margin -€131,362
down €131,362 (-37.2%), from €353,354 to €221,992
- Financial charges +€54,615
up €54,615 (+689%), from €7,931 to €62,546
- Taxes +€5,779
up €5,779 (+11.4%), from €50,509 to €56,288
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 | €1,170,938 | €1,131,001 | -€39,938 | -3.4% |
| Fixed assets | 21/28 | €957,674 | €954,488 | -€3,186 | -0.3% |
| Tangible fixed assets | 22/27 | €19,339 | €16,153 | -€3,186 | -16.5% |
| Furniture and vehicles | 24 | €17,265 | €14,598 | -€2,667 | -15.4% |
| Leasing and similar rights | 25 | €2,074 | €1,555 | -€519 | -25.0% |
| Financial fixed assets | 28 | €938,335 | €938,335 | = | 0.0% |
| Current assets | 29/58 | €213,264 | €176,513 | -€36,751 | -17.2% |
| Amounts receivable within one year | 40/41 | €35,000 | €50,000 | +€15,000 | +42.9% |
| Trade receivables | 40 | €35,000 | - | -€35,000 | |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €177,909 | €126,513 | -€51,396 | -28.9% |
| Deferred charges and accrued income | 490/1 | €355 | - | -€355 | |
| Total equity and liabilities | 10/49 | €1,170,938 | €1,131,001 | -€39,938 | -3.4% |
| Equity | 10/15 | €622,062 | €441,720 | -€180,342 | -29.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €541,432 | €361,090 | -€180,342 | -33.3% |
| Non-distributable reserves | 130/1 | €124 | €124 | = | 0.0% |
| Reserves not available under the articles | 1311 | €124 | €124 | = | 0.0% |
| Tax-exempt reserves | 132 | €146,639 | €146,639 | = | 0.0% |
| Distributable reserves | 133 | €394,668 | €214,327 | -€180,342 | -45.7% |
| Profit (loss) carried forward | 14 | €62,038 | €62,038 | = | 0.0% |
| Provisions and deferred taxes | 16 | €48,880 | €48,880 | = | 0.0% |
| Deferred taxes | 168 | €48,880 | €48,880 | = | 0.0% |
| Amounts payable | 17/49 | €499,997 | €640,401 | +€140,404 | +28.1% |
| Amounts payable after more than one year | 17 | - | €262,344 | +€262,344 | |
| Financial debts | 170/4 | - | €262,344 | +€262,344 | |
| Amounts payable within one year | 42/48 | €499,997 | €378,056 | -€121,940 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | - | €76,309 | +€76,309 | |
| Trade debts | 44 | €16,240 | €34,008 | +€17,768 | +109% |
| Suppliers | 440/4 | €16,240 | €34,008 | +€17,768 | +109% |
| Advances received on contracts in progress | 46 | - | €1,395 | +€1,395 | |
| Taxes, remuneration and social security | 45 | €44,471 | €102,677 | +€58,206 | +131% |
| Taxes | 450/3 | €44,471 | €102,677 | +€58,206 | +131% |
| Other amounts payable | 47/48 | €439,286 | €163,667 | -€275,619 | -62.7% |
| Non-recurring operating income | 76A | €195,519 | - | -€195,519 | |
| Remuneration, social security and pensions | 62 | - | €2,195 | +€2,195 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,186 | €3,186 | = | 0.0% |
| Other operating charges | 640/8 | €1,874 | €4,439 | +€2,565 | +137% |
| Gross operating margin | 9900 | €353,354 | €221,992 | -€131,362 | -37.2% |
| Operating profit (loss) | 9901 | €348,293 | €212,171 | -€136,122 | -39.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €7,931 | €62,546 | +€54,615 | +689% |
| Recurring financial charges | 65 | €7,931 | €62,546 | +€54,615 | +689% |
| Profit (loss) for the period before taxes | 9903 | €340,362 | €149,641 | -€190,721 | -56.0% |
| Transfer to deferred taxes | 680 | €48,880 | - | -€48,880 | |
| Income taxes | 67/77 | €50,509 | €56,288 | +€5,779 | +11.4% |
| Profit (loss) for the period | 9904 | €240,973 | €93,353 | -€147,620 | -61.3% |
| Transfer to tax-exempt reserves | 689 | €146,639 | - | -€146,639 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,334 | €93,353 | -€980 | -1.0% |
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 28 October 2026 via checked.be.