@D.LEGAL: what changed
@D.LEGAL
Largest movements
- Cash -€154,671
down €154,671 (-90.1%), from €171,730 to €17,060
mainly Contributions, distributions and other (-€160,000) and Investment in fixed assets (net) (-€125,821)
- Financial fixed assets +€85,821
up €85,821 (+57.2%), from €150,000 to €235,821
- Receivables within one year -€57,261
down €57,261 (-82.2%), from €69,624 to €12,363
of which Trade receivables: -€58,960
- Tangible fixed assets +€35,451
up €35,451 (+145%), from €24,419 to €59,870
of which Land and buildings: +€35,451
- Tax, wage and social debts -€29,945
down €29,945 (-72.4%), from €41,370 to €11,424
of which Taxes: -€26,445
- Profit (loss) carried forward -€23,133
down €23,133 (-9.6%), from €242,016 to €218,883
- Other debts -€17,857
down €17,857 (-68.4%), from €26,112 to €8,255
- Debts after one year -€13,404
down €13,404 (-16.4%), from €81,870 to €68,466
- Current portion of long-term debt -€6,366
down €6,366 (-32.2%), from €19,770 to €13,404
- Financial income +€159,996
up €159,996 (+4,519,675%), from €4 to €160,000
- Gross operating margin -€120,509
down €120,509, from €107,160 to -€13,349
- Taxes -€26,583
down €26,583 (-99.1%), from €26,832 to €248
- Depreciation +€3,969
up €3,969 (+684%), from €581 to €4,549
- Financial charges +€1,749
up €1,749 (+83.7%), from €2,090 to €3,839
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €416,593 | €325,910 | -€90,683 | -21.8% |
| Fixed assets | 21/28 | €174,419 | €295,691 | +€121,272 | +69.5% |
| Tangible fixed assets | 22/27 | €24,419 | €59,870 | +€35,451 | +145% |
| Land and buildings | 22 | €24,419 | €59,870 | +€35,451 | +145% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €150,000 | €235,821 | +€85,821 | +57.2% |
| Current assets | 29/58 | €242,174 | €30,219 | -€211,955 | -87.5% |
| Amounts receivable within one year | 40/41 | €69,624 | €12,363 | -€57,261 | -82.2% |
| Trade receivables | 40 | €68,960 | €10,000 | -€58,960 | -85.5% |
| Other amounts receivable | 41 | €664 | €2,363 | +€1,698 | +256% |
| Cash at bank and in hand | 54/58 | €171,730 | €17,060 | -€154,671 | -90.1% |
| Deferred charges and accrued income | 490/1 | €820 | €797 | -€23 | -2.8% |
| Total equity and liabilities | 10/49 | €416,593 | €325,910 | -€90,683 | -21.8% |
| Equity | 10/15 | €244,516 | €221,383 | -€23,133 | -9.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,016 | €218,883 | -€23,133 | -9.6% |
| Amounts payable | 17/49 | €172,077 | €104,527 | -€67,550 | -39.3% |
| Amounts payable after more than one year | 17 | €81,870 | €68,466 | -€13,404 | -16.4% |
| Financial debts | 170/4 | €81,870 | €68,466 | -€13,404 | -16.4% |
| Amounts payable within one year | 42/48 | €90,208 | €36,062 | -€54,146 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €19,770 | €13,404 | -€6,366 | -32.2% |
| Financial debts | 43 | - | €175 | +€175 | |
| Credit institutions | 430/8 | - | €175 | +€175 | |
| Trade debts | 44 | €2,956 | €2,803 | -€152 | -5.2% |
| Suppliers | 440/4 | €2,956 | €2,803 | -€152 | -5.2% |
| Taxes, remuneration and social security | 45 | €41,370 | €11,424 | -€29,945 | -72.4% |
| Taxes | 450/3 | €34,370 | €7,924 | -€26,445 | -76.9% |
| Remuneration and social security | 454/9 | €7,000 | €3,500 | -€3,500 | -50.0% |
| Other amounts payable | 47/48 | €26,112 | €8,255 | -€17,857 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €4,549 | +€3,969 | +684% |
| Other operating charges | 640/8 | €1,268 | €1,148 | -€120 | -9.5% |
| Non-recurring operating charges | 66A | €49,261 | €0 | -€49,261 | -100% |
| Gross operating margin | 9900 | €107,160 | -€13,349 | -€120,509 | |
| Operating profit (loss) | 9901 | €56,051 | -€19,046 | -€75,096 | |
| Financial income | 75/76B | €4 | €160,000 | +€159,996 | +4,519,675% |
| Recurring financial income | 75 | €4 | €160,000 | +€159,996 | +4,519,675% |
| Financial charges | 65/66B | €2,090 | €3,839 | +€1,749 | +83.7% |
| Recurring financial charges | 65 | €2,090 | €3,839 | +€1,749 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €53,964 | €137,115 | +€83,151 | +154% |
| Income taxes | 67/77 | €26,832 | €248 | -€26,583 | -99.1% |
| Profit (loss) for the period | 9904 | €27,132 | €136,867 | +€109,734 | +404% |
| Profit (loss) for the period to be appropriated | 9905 | €27,132 | €136,867 | +€109,734 | +404% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.