D-ME: 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-ME
Largest movements
- Cash +€137,521
up €137,521 (+275%), from €49,920 to €187,441
mainly Trade debts (+€109,913) and Net result for the year (+€75,287)
- Tangible fixed assets -€14,403
down €14,403 (-22.0%), from €65,474 to €51,071
- Trade debts +€109,913
up €109,913 (+4,870%), from €2,257 to €112,170
- Other debts +€52,486
up €52,486 (+91.6%), from €57,309 to €109,795
- Reserves -€24,713
down €24,713 (-35.7%), from €69,211 to €44,498
- Debts after one year -€12,673
down €12,673 (-25.8%), from €49,136 to €36,462
- Gross operating margin +€49,574
up €49,574 (+78.5%), from €63,176 to €112,749
- Taxes +€10,276
up €10,276 (+110%), from €9,365 to €19,641
- Financial charges -€1,215
down €1,215 (-32.9%), from €3,687 to €2,473
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 | €198,078 | €323,495 | +€125,417 | +63.3% |
| Fixed assets | 21/28 | €65,474 | €51,071 | -€14,403 | -22.0% |
| Tangible fixed assets | 22/27 | €65,474 | €51,071 | -€14,403 | -22.0% |
| Furniture and vehicles | 24 | €65,474 | €51,071 | -€14,403 | -22.0% |
| Current assets | 29/58 | €132,604 | €272,424 | +€139,820 | +105% |
| Amounts receivable within one year | 40/41 | €80,669 | €82,903 | +€2,234 | +2.8% |
| Trade receivables | 40 | €12,520 | €13,919 | +€1,399 | +11.2% |
| Other amounts receivable | 41 | €68,150 | €68,985 | +€835 | +1.2% |
| Cash at bank and in hand | 54/58 | €49,920 | €187,441 | +€137,521 | +275% |
| Deferred charges and accrued income | 490/1 | €2,015 | €2,079 | +€65 | +3.2% |
| Total equity and liabilities | 10/49 | €198,078 | €323,495 | +€125,417 | +63.3% |
| Equity | 10/15 | €74,211 | €49,498 | -€24,713 | -33.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €69,211 | €44,498 | -€24,713 | -35.7% |
| Distributable reserves | 133 | €69,211 | €44,498 | -€24,713 | -35.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €123,867 | €273,997 | +€150,129 | +121% |
| Amounts payable after more than one year | 17 | €49,136 | €36,462 | -€12,673 | -25.8% |
| Financial debts | 170/4 | €49,136 | €36,462 | -€12,673 | -25.8% |
| Amounts payable within one year | 42/48 | €74,058 | €236,861 | +€162,803 | +220% |
| Current portion of amounts payable after more than one year | 42 | €12,162 | €12,673 | +€511 | +4.2% |
| Trade debts | 44 | €2,257 | €112,170 | +€109,913 | +4,870% |
| Suppliers | 440/4 | €2,257 | €112,170 | +€109,913 | +4,870% |
| Taxes, remuneration and social security | 45 | €2,331 | €2,222 | -€108 | -4.7% |
| Taxes | 450/3 | €2,331 | €2,222 | -€108 | -4.7% |
| Other amounts payable | 47/48 | €57,309 | €109,795 | +€52,486 | +91.6% |
| Accrued charges and deferred income | 492/3 | €674 | €674 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,403 | €14,403 | = | 0.0% |
| Other operating charges | 640/8 | €859 | €945 | +€85 | +9.9% |
| Gross operating margin | 9900 | €63,176 | €112,749 | +€49,574 | +78.5% |
| Operating profit (loss) | 9901 | €47,913 | €97,401 | +€49,489 | +103% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €3,687 | €2,473 | -€1,215 | -32.9% |
| Recurring financial charges | 65 | €3,687 | €2,473 | -€1,215 | -32.9% |
| Profit (loss) for the period before taxes | 9903 | €44,226 | €94,929 | +€50,703 | +115% |
| Income taxes | 67/77 | €9,365 | €19,641 | +€10,276 | +110% |
| Profit (loss) for the period | 9904 | €34,860 | €75,287 | +€40,427 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €34,860 | €75,287 | +€40,427 | +116% |
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.