D' SIGNED: 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' SIGNED
Largest movements
- Cash +€21,181
up €21,181 (+201.3%), from €10,522 to €31,703
mainly Net result for the year (+€17,549) and Receivables within one year (+€4,420)
- Receivables within one year -€4,420
down €4,420 (-33.3%), from €13,291 to €8,871
of which Trade receivables: -€3,880
- Tangible fixed assets -€962
down €962 (-26.4%), from €3,646 to €2,685
- Deferred charges and accrued income +€536
up €536 (+270.5%), from €198 to €734
- Reserves +€17,549
up €17,549 (+851.5%), from €2,061 to €19,609
- Tax, wage and social debts -€2,060
down €2,060 (-33.2%), from €6,208 to €4,148
of which Taxes: -€2,028
- Debts after one year -€1,651
down €1,651 (-34.6%), from €4,771 to €3,120
- Other debts +€1,591
up €1,591 (+168.7%), from €943 to €2,534
- Trade debts +€705
up €705 (+94.3%), from €747 to €1,452
- Gross operating margin +€21,382
up €21,382 (+377.9%), from €5,658 to €27,040
- Taxes +€6,017
up €6,017 (+429.3%), from €1,402 to €7,419
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 | €27,657 | €43,992 | +€16,335 | +59.1% |
| Fixed assets | 21/28 | €3,646 | €2,685 | -€962 | -26.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,646 | €2,685 | -€962 | -26.4% |
| Furniture and vehicles | 24 | €3,646 | €2,685 | -€962 | -26.4% |
| Current assets | 29/58 | €24,011 | €41,308 | +€17,297 | +72.0% |
| Amounts receivable within one year | 40/41 | €13,291 | €8,871 | -€4,420 | -33.3% |
| Trade receivables | 40 | €12,615 | €8,735 | -€3,880 | -30.8% |
| Other amounts receivable | 41 | €676 | €135 | -€540 | -80.0% |
| Cash at bank and in hand | 54/58 | €10,522 | €31,703 | +€21,181 | +201.3% |
| Deferred charges and accrued income | 490/1 | €198 | €734 | +€536 | +270.5% |
| Total equity and liabilities | 10/49 | €27,657 | €43,992 | +€16,335 | +59.1% |
| Equity | 10/15 | €13,539 | €31,088 | +€17,549 | +129.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,061 | €19,609 | +€17,549 | +851.5% |
| Distributable reserves | 133 | €2,061 | €19,609 | +€17,549 | +851.5% |
| Profit (loss) carried forward | 14 | €5,278 | €5,278 | = | 0.0% |
| Amounts payable | 17/49 | €14,118 | €12,905 | -€1,213 | -8.6% |
| Amounts payable after more than one year | 17 | €4,771 | €3,120 | -€1,651 | -34.6% |
| Financial debts | 170/4 | €4,771 | €3,120 | -€1,651 | -34.6% |
| Amounts payable within one year | 42/48 | €9,347 | €9,784 | +€438 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €1,448 | €1,651 | +€202 | +14.0% |
| Trade debts | 44 | €747 | €1,452 | +€705 | +94.3% |
| Suppliers | 440/4 | €747 | €1,452 | +€705 | +94.3% |
| Taxes, remuneration and social security | 45 | €6,208 | €4,148 | -€2,060 | -33.2% |
| Taxes | 450/3 | €6,175 | €4,148 | -€2,028 | -32.8% |
| Remuneration and social security | 454/9 | €33 | €0 | -€33 | -100.0% |
| Other amounts payable | 47/48 | €943 | €2,534 | +€1,591 | +168.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,094 | €962 | -€133 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €250 | €0 | -€250 | -100.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €5,658 | €27,040 | +€21,382 | +377.9% |
| Operating profit (loss) | 9901 | €3,808 | €25,559 | +€21,751 | +571.2% |
| Financial income | 75/76B | €214 | €20 | -€194 | -90.7% |
| Recurring financial income | 75 | €214 | €20 | -€194 | -90.7% |
| Financial charges | 65/66B | €559 | €611 | +€52 | +9.3% |
| Recurring financial charges | 65 | €559 | €611 | +€52 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €3,463 | €24,967 | +€21,505 | +621.1% |
| Income taxes | 67/77 | €1,402 | €7,419 | +€6,017 | +429.3% |
| Profit (loss) for the period | 9904 | €2,061 | €17,549 | +€15,488 | +751.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,061 | €17,549 | +€15,488 | +751.5% |
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 29 September 2026 via checked.be.