D & S: 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 & S
Largest movements
- Tangible fixed assets -€6,406
down €6,406 (-17.1%), from €37,456 to €31,050
of which Furniture and vehicles: -€7,087
- Tax, wage and social debts -€13,142
down €13,142 (-32.9%), from €39,939 to €26,797
of which Taxes: -€19,046
- Debts after one year -€7,368
down €7,368 (-23.5%), from €31,319 to €23,951
- Reserves +€6,565
up €6,565 (+4.4%), from €147,618 to €154,183
- Trade debts +€5,909
up €5,909 (+293.7%), from €2,012 to €7,921
- Gross operating margin -€28,117
down €28,117 (-39.8%), from €70,684 to €42,567
- Taxes -€9,307
down €9,307 (-77.9%), from €11,947 to €2,640
- Depreciation +€7,281
up €7,281 (+1348.8%), from €540 to €7,821
- Financial charges -€2,116
down €2,116 (-44.9%), from €4,716 to €2,599
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 | €234,607 | €226,859 | -€7,749 | -3.3% |
| Fixed assets | 21/28 | €37,456 | €31,050 | -€6,406 | -17.1% |
| Tangible fixed assets | 22/27 | €37,456 | €31,050 | -€6,406 | -17.1% |
| Plant, machinery and equipment | 23 | - | €682 | +€682 | |
| Furniture and vehicles | 24 | €37,456 | €30,368 | -€7,087 | -18.9% |
| Current assets | 29/58 | €197,151 | €195,809 | -€1,343 | -0.7% |
| Amounts receivable within one year | 40/41 | €174,901 | €174,860 | -€41 | 0.0% |
| Trade receivables | 40 | €8,534 | €900 | -€7,634 | -89.5% |
| Other amounts receivable | 41 | €166,367 | €173,960 | +€7,593 | +4.6% |
| Cash at bank and in hand | 54/58 | €20,510 | €18,319 | -€2,190 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,741 | €2,629 | +€888 | +51.0% |
| Total equity and liabilities | 10/49 | €234,607 | €226,859 | -€7,749 | -3.3% |
| Equity | 10/15 | €154,256 | €160,821 | +€6,565 | +4.3% |
| Contributions | 10/11 | €6,638 | €6,638 | = | 0.0% |
| Reserves | 13 | €147,618 | €154,183 | +€6,565 | +4.4% |
| Distributable reserves | 133 | €147,618 | €154,183 | +€6,565 | +4.4% |
| Amounts payable | 17/49 | €80,351 | €66,038 | -€14,314 | -17.8% |
| Amounts payable after more than one year | 17 | €31,319 | €23,951 | -€7,368 | -23.5% |
| Financial debts | 170/4 | €31,319 | €23,951 | -€7,368 | -23.5% |
| Amounts payable within one year | 42/48 | €49,032 | €42,087 | -€6,945 | -14.2% |
| Current portion of amounts payable after more than one year | 42 | €7,081 | €7,368 | +€288 | +4.1% |
| Trade debts | 44 | €2,012 | €7,921 | +€5,909 | +293.7% |
| Suppliers | 440/4 | €2,012 | €7,921 | +€5,909 | +293.7% |
| Taxes, remuneration and social security | 45 | €39,939 | €26,797 | -€13,142 | -32.9% |
| Taxes | 450/3 | €35,954 | €16,908 | -€19,046 | -53.0% |
| Remuneration and social security | 454/9 | €3,986 | €9,889 | +€5,904 | +148.1% |
| Non-recurring operating income | 76A | €8,334 | - | -€8,334 | |
| Remuneration, social security and pensions | 62 | €30,309 | €30,970 | +€660 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €540 | €7,821 | +€7,281 | +1348.8% |
| Other operating charges | 640/8 | €906 | €904 | -€2 | -0.2% |
| Gross operating margin | 9900 | €70,684 | €42,567 | -€28,117 | -39.8% |
| Operating profit (loss) | 9901 | €38,929 | €2,872 | -€36,057 | -92.6% |
| Financial income | 75/76B | €9,090 | €8,932 | -€157 | -1.7% |
| Recurring financial income | 75 | €9,090 | €8,932 | -€157 | -1.7% |
| Financial charges | 65/66B | €4,716 | €2,599 | -€2,116 | -44.9% |
| Recurring financial charges | 65 | €4,716 | €2,599 | -€2,116 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €43,303 | €9,205 | -€34,098 | -78.7% |
| Income taxes | 67/77 | €11,947 | €2,640 | -€9,307 | -77.9% |
| Profit (loss) for the period | 9904 | €31,356 | €6,565 | -€24,791 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,356 | €6,565 | -€24,791 | -79.1% |
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.