D.N.D.: 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.N.D.
Largest movements
- Cash -€16,374
down €16,374 (-93.3%), from €17,556 to €1,182
mainly Net result for the year (-€25,833) and Tax, wage and social debts (-€22,349)
- Receivables within one year -€8,001
down €8,001 (-36.1%), from €22,193 to €14,192
of which Trade receivables: -€8,092
- Stocks and contracts +€4,328
up €4,328 (+2.6%), from €164,365 to €168,693
- Short-term financial debts +€35,016
new in 2025: €35,016
- Profit (loss) carried forward -€25,833
down €25,833 (-560.0%), from -€4,613 to -€30,447
- Tax, wage and social debts -€22,349
down €22,349 (-64.1%), from €34,859 to €12,510
of which Taxes: -€20,849
- Trade debts -€16,394
down €16,394 (-31.6%), from €51,960 to €35,566
- Other debts +€8,438
up €8,438 (+24.7%), from €34,114 to €42,553
- Gross operating margin -€50,889
down €50,889, from €28,778 to -€22,111
- Financial income +€3,723
up €3,723 (+37234000.0%), from €0 to €3,723
- Other operating charges -€2,357
down €2,357 (-80.1%), from €2,942 to €585
- Financial charges -€1,617
down €1,617 (-23.0%), from €7,024 to €5,407
- Taxes -€690
down €690 (-64.5%), from €1,070 to €380
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 | €205,188 | €184,067 | -€21,122 | -10.3% |
| Fixed assets | 21/28 | €1,074 | - | -€1,074 | |
| Tangible fixed assets | 22/27 | €1,074 | - | -€1,074 | |
| Furniture and vehicles | 24 | €1,074 | - | -€1,074 | |
| Current assets | 29/58 | €204,114 | €184,067 | -€20,048 | -9.8% |
| Stocks and contracts in progress | 3 | €164,365 | €168,693 | +€4,328 | +2.6% |
| Stocks | 30/36 | €164,365 | €168,693 | +€4,328 | +2.6% |
| Amounts receivable within one year | 40/41 | €22,193 | €14,192 | -€8,001 | -36.1% |
| Trade receivables | 40 | €22,193 | €14,101 | -€8,092 | -36.5% |
| Other amounts receivable | 41 | - | €91 | +€91 | |
| Cash at bank and in hand | 54/58 | €17,556 | €1,182 | -€16,374 | -93.3% |
| Total equity and liabilities | 10/49 | €205,188 | €184,067 | -€21,122 | -10.3% |
| Equity | 10/15 | €84,255 | €58,421 | -€25,833 | -30.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €70,268 | €70,268 | = | 0.0% |
| Distributable reserves | 133 | €70,268 | €70,268 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,613 | -€30,447 | -€25,833 | -560.0% |
| Amounts payable | 17/49 | €120,934 | €125,645 | +€4,712 | +3.9% |
| Amounts payable within one year | 42/48 | €120,934 | €125,645 | +€4,712 | +3.9% |
| Financial debts | 43 | - | €35,016 | +€35,016 | |
| Credit institutions | 430/8 | - | €35,016 | +€35,016 | |
| Trade debts | 44 | €51,960 | €35,566 | -€16,394 | -31.6% |
| Suppliers | 440/4 | €51,960 | €35,566 | -€16,394 | -31.6% |
| Taxes, remuneration and social security | 45 | €34,859 | €12,510 | -€22,349 | -64.1% |
| Taxes | 450/3 | €33,359 | €12,510 | -€20,849 | -62.5% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €34,114 | €42,553 | +€8,438 | +24.7% |
| Non-recurring operating income | 76A | €1,049 | - | -€1,049 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697 | €1,074 | +€377 | +54.2% |
| Other operating charges | 640/8 | €2,942 | €585 | -€2,357 | -80.1% |
| Gross operating margin | 9900 | €28,778 | -€22,111 | -€50,889 | |
| Operating profit (loss) | 9901 | €25,139 | -€23,770 | -€48,910 | |
| Financial income | 75/76B | €0 | €3,723 | +€3,723 | +37234000.0% |
| Recurring financial income | 75 | €0 | €3,723 | +€3,723 | +37234000.0% |
| Financial charges | 65/66B | €7,024 | €5,407 | -€1,617 | -23.0% |
| Recurring financial charges | 65 | €7,024 | €5,407 | -€1,617 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €18,116 | -€25,453 | -€43,569 | |
| Income taxes | 67/77 | €1,070 | €380 | -€690 | -64.5% |
| Profit (loss) for the period | 9904 | €17,046 | -€25,833 | -€42,879 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,046 | -€25,833 | -€42,879 |
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 9 October 2026 via checked.be.