D Major: 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 Major
Largest movements
- Cash +€1,830
up €1,830 (+112.5%), from €1,626 to €3,455
mainly Other debts (+€4,500) and Depreciation (+€1,259)
- Receivables within one year -€153
down €153 (-38.4%), from €400 to €246
- Other debts +€4,500
up €4,500 (+17.4%), from €25,869 to €30,369
- Profit (loss) carried forward -€4,004
down €4,004 (-18.0%), from -€22,229 to -€26,232
- Advances received +€648
new in 2025: €648
- Trade debts +€574
up €574 (+455.6%), from €126 to €700
- Gross operating margin +€9,261
up €9,261 (+78.2%), from -€11,843 to -€2,582
- Depreciation +€226
up €226 (+21.9%), from €1,033 to €1,259
- Other operating charges -€126
no longer reported in 2025 (was €126)
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.
Cash bridge derived
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 | €4,766 | €6,484 | +€1,718 | +36.0% |
| Fixed assets | 21/28 | €2,741 | €2,783 | +€42 | +1.5% |
| Tangible fixed assets | 22/27 | €2,741 | €2,783 | +€42 | +1.5% |
| Plant, machinery and equipment | 23 | €1,992 | €2,500 | +€508 | +25.5% |
| Furniture and vehicles | 24 | €749 | €283 | -€466 | -62.2% |
| Current assets | 29/58 | €2,025 | €3,701 | +€1,676 | +82.8% |
| Amounts receivable within one year | 40/41 | €400 | €246 | -€153 | -38.4% |
| Other amounts receivable | 41 | €400 | €246 | -€153 | -38.4% |
| Cash at bank and in hand | 54/58 | €1,626 | €3,455 | +€1,830 | +112.5% |
| Total equity and liabilities | 10/49 | €4,766 | €6,484 | +€1,718 | +36.0% |
| Equity | 10/15 | -€21,229 | -€25,232 | -€4,004 | -18.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Contributions outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,229 | -€26,232 | -€4,004 | -18.0% |
| Amounts payable | 17/49 | €25,995 | €31,717 | +€5,722 | +22.0% |
| Amounts payable within one year | 42/48 | €25,995 | €31,717 | +€5,722 | +22.0% |
| Trade debts | 44 | €126 | €700 | +€574 | +455.6% |
| Suppliers | 440/4 | €126 | €700 | +€574 | +455.6% |
| Advances received on contracts in progress | 46 | - | €648 | +€648 | |
| Other amounts payable | 47/48 | €25,869 | €30,369 | +€4,500 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,033 | €1,259 | +€226 | +21.9% |
| Other operating charges | 640/8 | €126 | - | -€126 | |
| Gross operating margin | 9900 | -€11,843 | -€2,582 | +€9,261 | +78.2% |
| Operating profit (loss) | 9901 | -€13,002 | -€3,842 | +€9,161 | +70.5% |
| Financial income | 75/76B | €89 | - | -€89 | |
| Recurring financial income | 75 | €89 | - | -€89 | |
| Financial charges | 65/66B | €136 | €162 | +€26 | +19.5% |
| Recurring financial charges | 65 | €136 | €162 | +€26 | +19.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,049 | -€4,004 | +€9,045 | +69.3% |
| Profit (loss) for the period | 9904 | -€13,049 | -€4,004 | +€9,045 | +69.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,049 | -€4,004 | +€9,045 | +69.3% |
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 11 October 2026 via checked.be.