D.J.L.: 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.J.L.
Largest movements
- Cash +€504,154
up €504,154 (+173%), from €291,198 to €795,352
mainly Net result for the year (+€507,636) and Tax, wage and social debts (+€72,156)
- Receivables within one year +€33,311
up €33,311 (+10.7%), from €311,790 to €345,101
of which Trade receivables: +€39,120
- Current investments -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Tangible fixed assets -€28,005
down €28,005 (-19.8%), from €141,636 to €113,631
of which Furniture and vehicles: -€16,917
- Reserves +€502,272
up €502,272 (+140%), from €359,860 to €862,132
of which Distributable reserves: +€502,272
- Tax, wage and social debts +€72,156
up €72,156 (+58.3%), from €123,705 to €195,860
of which Taxes: +€62,269
- Debts after one year -€69,190
down €69,190 (-54.9%), from €125,974 to €56,784
- Gross operating margin +€399,544
up €399,544 (+49.2%), from €812,276 to €1.2m
- Taxes +€119,061
up €119,061 (+106%), from €112,500 to €231,561
- Depreciation -€45,660
down €45,660 (-61.0%), from €74,875 to €29,215
- Staff costs +€42,435
up €42,435 (+10.8%), from €391,240 to €433,675
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 | €1,346,515 | €1,828,089 | +€481,575 | +35.8% |
| Fixed assets | 21/28 | €639,440 | €611,435 | -€28,005 | -4.4% |
| Tangible fixed assets | 22/27 | €141,636 | €113,631 | -€28,005 | -19.8% |
| Plant, machinery and equipment | 23 | - | €1,164 | +€1,164 | |
| Furniture and vehicles | 24 | €43,773 | €26,857 | -€16,917 | -38.6% |
| Other tangible fixed assets | 26 | €97,863 | €85,611 | -€12,252 | -12.5% |
| Financial fixed assets | 28 | €497,804 | €497,804 | = | 0.0% |
| Current assets | 29/58 | €707,074 | €1,216,654 | +€509,580 | +72.1% |
| Amounts receivable within one year | 40/41 | €311,790 | €345,101 | +€33,311 | +10.7% |
| Trade receivables | 40 | €125,981 | €165,101 | +€39,120 | +31.1% |
| Other amounts receivable | 41 | €185,810 | €180,000 | -€5,810 | -3.1% |
| Current investments | 50/53 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €291,198 | €795,352 | +€504,154 | +173% |
| Deferred charges and accrued income | 490/1 | €4,086 | €6,201 | +€2,115 | +51.7% |
| Total equity and liabilities | 10/49 | €1,346,515 | €1,828,089 | +€481,575 | +35.8% |
| Equity | 10/15 | €753,223 | €1,255,495 | +€502,272 | +66.7% |
| Contributions | 10/11 | €57,570 | €57,570 | = | 0.0% |
| Reserves | 13 | €359,860 | €862,132 | +€502,272 | +140% |
| Non-distributable reserves | 130/1 | €4,187 | €4,187 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,187 | €4,187 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,903 | €1,903 | = | 0.0% |
| Distributable reserves | 133 | €353,770 | €856,042 | +€502,272 | +142% |
| Profit (loss) carried forward | 14 | €335,794 | €335,794 | = | 0.0% |
| Amounts payable | 17/49 | €593,291 | €572,594 | -€20,697 | -3.5% |
| Amounts payable after more than one year | 17 | €125,974 | €56,784 | -€69,190 | -54.9% |
| Financial debts | 170/4 | €125,974 | €56,784 | -€69,190 | -54.9% |
| Amounts payable within one year | 42/48 | €464,317 | €515,811 | +€51,493 | +11.1% |
| Current portion of amounts payable after more than one year | 42 | €76,267 | €69,190 | -€7,077 | -9.3% |
| Trade debts | 44 | €53,156 | €47,578 | -€5,579 | -10.5% |
| Suppliers | 440/4 | €53,156 | €47,578 | -€5,579 | -10.5% |
| Taxes, remuneration and social security | 45 | €123,705 | €195,860 | +€72,156 | +58.3% |
| Taxes | 450/3 | €54,019 | €116,288 | +€62,269 | +115% |
| Remuneration and social security | 454/9 | €69,686 | €79,572 | +€9,887 | +14.2% |
| Other amounts payable | 47/48 | €211,190 | €203,183 | -€8,007 | -3.8% |
| Accrued charges and deferred income | 492/3 | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €391,240 | €433,675 | +€42,435 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,875 | €29,215 | -€45,660 | -61.0% |
| Other operating charges | 640/8 | €3,245 | €9,325 | +€6,080 | +187% |
| Gross operating margin | 9900 | €812,276 | €1,211,820 | +€399,544 | +49.2% |
| Operating profit (loss) | 9901 | €342,916 | €739,606 | +€396,690 | +116% |
| Financial income | 75/76B | €1,797 | €3,203 | +€1,406 | +78.2% |
| Recurring financial income | 75 | €1,797 | €3,203 | +€1,406 | +78.2% |
| Financial charges | 65/66B | €5,420 | €3,612 | -€1,809 | -33.4% |
| Recurring financial charges | 65 | €5,420 | €3,612 | -€1,809 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | €339,293 | €739,197 | +€399,904 | +118% |
| Income taxes | 67/77 | €112,500 | €231,561 | +€119,061 | +106% |
| Profit (loss) for the period | 9904 | €226,793 | €507,636 | +€280,843 | +124% |
| Profit (loss) for the period to be appropriated | 9905 | €226,793 | €507,636 | +€280,843 | +124% |
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 22 October 2026 via checked.be.