D & 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 & G
Largest movements
- Stocks and contracts +€8,681
up €8,681 (+48.4%), from €17,923 to €26,604
- Tangible fixed assets -€7,986
down €7,986 (-43.9%), from €18,174 to €10,188
of which Furniture and vehicles: -€7,986
- Receivables within one year -€5,837
down €5,837 (-41.4%), from €14,116 to €8,279
of which Trade receivables: -€3,106
- Other debts -€11,565
down €11,565 (-58.5%), from €19,777 to €8,211
- Reserves +€5,393
up €5,393 (+5.5%), from €97,933 to €103,327
- Write-downs -€9,417
down €9,417, from €7,958 to -€1,459
- Gross operating margin +€9,293
up €9,293 (+40.9%), from €22,732 to €32,025
- Taxes +€4,704
up €4,704 (+256%), from €1,834 to €6,537
- Depreciation +€1,109
up €1,109 (+16.1%), from €6,878 to €7,986
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 | €136,102 | €129,037 | -€7,065 | -5.2% |
| Fixed assets | 21/28 | €18,174 | €10,188 | -€7,986 | -43.9% |
| Tangible fixed assets | 22/27 | €18,174 | €10,188 | -€7,986 | -43.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €18,174 | €10,188 | -€7,986 | -43.9% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €117,928 | €118,849 | +€921 | +0.8% |
| Stocks and contracts in progress | 3 | €17,923 | €26,604 | +€8,681 | +48.4% |
| Stocks | 30/36 | €17,923 | €26,604 | +€8,681 | +48.4% |
| Amounts receivable within one year | 40/41 | €14,116 | €8,279 | -€5,837 | -41.4% |
| Trade receivables | 40 | €11,150 | €8,044 | -€3,106 | -27.9% |
| Other amounts receivable | 41 | €2,966 | €235 | -€2,731 | -92.1% |
| Cash at bank and in hand | 54/58 | €78,225 | €77,014 | -€1,211 | -1.5% |
| Deferred charges and accrued income | 490/1 | €7,663 | €6,952 | -€712 | -9.3% |
| Total equity and liabilities | 10/49 | €136,102 | €129,037 | -€7,065 | -5.2% |
| Equity | 10/15 | €104,133 | €109,527 | +€5,393 | +5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,933 | €103,327 | +€5,393 | +5.5% |
| Distributable reserves | 133 | €97,933 | €103,327 | +€5,393 | +5.5% |
| Amounts payable | 17/49 | €31,969 | €19,510 | -€12,458 | -39.0% |
| Amounts payable within one year | 42/48 | €31,247 | €18,177 | -€13,070 | -41.8% |
| Trade debts | 44 | €5,061 | €4,109 | -€951 | -18.8% |
| Suppliers | 440/4 | €5,061 | €4,109 | -€951 | -18.8% |
| Taxes, remuneration and social security | 45 | €6,409 | €5,856 | -€553 | -8.6% |
| Taxes | 450/3 | €3,709 | €3,156 | -€553 | -14.9% |
| Remuneration and social security | 454/9 | €2,700 | €2,700 | = | 0.0% |
| Other amounts payable | 47/48 | €19,777 | €8,211 | -€11,565 | -58.5% |
| Accrued charges and deferred income | 492/3 | €722 | €1,333 | +€611 | +84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,878 | €7,986 | +€1,109 | +16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,958 | -€1,459 | -€9,417 | |
| Other operating charges | 640/8 | €1,795 | €1,918 | +€123 | +6.8% |
| Gross operating margin | 9900 | €22,732 | €32,025 | +€9,293 | +40.9% |
| Operating profit (loss) | 9901 | €6,101 | €23,579 | +€17,479 | +286% |
| Financial income | 75/76B | €0 | €1 | +€1 | +1,350% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +1,350% |
| Financial charges | 65/66B | €179 | €193 | +€13 | +7.3% |
| Recurring financial charges | 65 | €179 | €193 | +€13 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €5,921 | €23,388 | +€17,466 | +295% |
| Income taxes | 67/77 | €1,834 | €6,537 | +€4,704 | +256% |
| Profit (loss) for the period | 9904 | €4,088 | €16,850 | +€12,763 | +312% |
| Profit (loss) for the period to be appropriated | 9905 | €4,088 | €16,850 | +€12,763 | +312% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.