D&ME: what changed
Two fiscal 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&ME
Largest movements
- Cash -€22,966
down €22,966 (-83.7%), from €27,432 to €4,466
mainly Trade debts (-€50,269) and Tax, wage and social debts (-€5,529)
- Receivables within one year -€8,360
down €8,360 (-17.2%), from €48,604 to €40,244
of which Trade receivables: -€21,862
- Tangible fixed assets -€3,977
down €3,977 (-90.8%), from €4,380 to €403
- Trade debts -€50,269
down €50,269 (-83.9%), from €59,934 to €9,665
- Profit (loss) carried forward +€20,756
up €20,756, from -€4,341 to €16,415
- Tax, wage and social debts -€5,529
down €5,529 (-22.0%), from €25,180 to €19,651
of which Taxes: -€6,529
- Gross operating margin +€31,865
up €31,865 (+841.9%), from €3,785 to €35,650
- Taxes +€4,920
new in 2025: €4,920
- Other operating charges +€1,972
up €1,972 (+52.5%), from €3,753 to €5,725
- Financial charges +€1,679
up €1,679 (+54.8%), from €3,065 to €4,744
- Depreciation -€1,093
down €1,093 (-80.4%), from €1,359 to €266
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 | €83,273 | €48,356 | -€34,917 | -41.9% |
| Fixed assets | 21/28 | €6,880 | €2,903 | -€3,977 | -57.8% |
| Tangible fixed assets | 22/27 | €4,380 | €403 | -€3,977 | -90.8% |
| Furniture and vehicles | 24 | €4,380 | €403 | -€3,977 | -90.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €76,393 | €45,453 | -€30,940 | -40.5% |
| Amounts receivable within one year | 40/41 | €48,604 | €40,244 | -€8,360 | -17.2% |
| Trade receivables | 40 | €36,530 | €14,668 | -€21,862 | -59.8% |
| Other amounts receivable | 41 | €12,074 | €25,576 | +€13,502 | +111.8% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,432 | €4,466 | -€22,966 | -83.7% |
| Deferred charges and accrued income | 490/1 | €332 | €718 | +€386 | +116.3% |
| Total equity and liabilities | 10/49 | €83,273 | €48,356 | -€34,917 | -41.9% |
| Equity | 10/15 | -€1,841 | €18,915 | +€20,756 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,341 | €16,415 | +€20,756 | |
| Amounts payable | 17/49 | €85,114 | €29,441 | -€55,673 | -65.4% |
| Amounts payable within one year | 42/48 | €85,114 | €29,441 | -€55,673 | -65.4% |
| Financial debts | 43 | - | €125 | +€125 | |
| Credit institutions | 430/8 | - | €125 | +€125 | |
| Trade debts | 44 | €59,934 | €9,665 | -€50,269 | -83.9% |
| Suppliers | 440/4 | €59,934 | €9,665 | -€50,269 | -83.9% |
| Taxes, remuneration and social security | 45 | €25,180 | €19,651 | -€5,529 | -22.0% |
| Taxes | 450/3 | €25,180 | €18,651 | -€6,529 | -25.9% |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,359 | €266 | -€1,093 | -80.4% |
| Other operating charges | 640/8 | €3,753 | €5,725 | +€1,972 | +52.5% |
| Gross operating margin | 9900 | €3,785 | €35,650 | +€31,865 | +841.9% |
| Operating profit (loss) | 9901 | -€1,327 | €29,659 | +€30,986 | |
| Financial income | 75/76B | €191 | €761 | +€570 | +298.4% |
| Recurring financial income | 75 | €191 | €761 | +€570 | +298.4% |
| Financial charges | 65/66B | €3,065 | €4,744 | +€1,679 | +54.8% |
| Recurring financial charges | 65 | €3,065 | €4,744 | +€1,679 | +54.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,201 | €25,676 | +€29,877 | |
| Income taxes | 67/77 | - | €4,920 | +€4,920 | |
| Profit (loss) for the period | 9904 | -€4,201 | €20,756 | +€24,957 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,201 | €20,756 | +€24,957 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.