D&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&L
Largest movements
- Tangible fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward -€10,273
down €10,273 (-5.4%), from -€190,370 to -€200,644
- Trade debts +€273
new in 2025: €273
- Depreciation -€1,626
down €1,626 (-14.0%), from €11,626 to €10,000
- Gross operating margin +€671
up €671 (+71.0%), from -€944 to -€273
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,000 | - | -€10,000 | |
| Fixed assets | 21/28 | €10,000 | - | -€10,000 | |
| Tangible fixed assets | 22/27 | €10,000 | - | -€10,000 | |
| Land and buildings | 22 | €10,000 | - | -€10,000 | |
| Total equity and liabilities | 10/49 | €10,000 | - | -€10,000 | |
| Equity | 10/15 | -€130,097 | -€140,371 | -€10,273 | -7.9% |
| Contributions | 10/11 | €53,600 | €53,600 | = | 0.0% |
| Reserves | 13 | €6,673 | €6,673 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,630 | €4,630 | = | 0.0% |
| Distributable reserves | 133 | €2,043 | €2,043 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€190,370 | -€200,644 | -€10,273 | -5.4% |
| Amounts payable | 17/49 | €140,097 | €140,371 | +€273 | +0.2% |
| Amounts payable within one year | 42/48 | €140,097 | €140,371 | +€273 | +0.2% |
| Trade debts | 44 | - | €273 | +€273 | |
| Suppliers | 440/4 | - | €273 | +€273 | |
| Other amounts payable | 47/48 | €140,097 | €140,097 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,626 | €10,000 | -€1,626 | -14.0% |
| Gross operating margin | 9900 | -€944 | -€273 | +€671 | +71.0% |
| Operating profit (loss) | 9901 | -€12,570 | -€10,273 | +€2,297 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,570 | -€10,273 | +€2,297 | +18.3% |
| Profit (loss) for the period | 9904 | -€12,570 | -€10,273 | +€2,297 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,570 | -€10,273 | +€2,297 | +18.3% |
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 15 October 2026 via checked.be.