D SOFT: 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 SOFT
Largest movements
- Receivables within one year -€326,867
down €326,867 (-62.3%), from €524,936 to €198,069
of which Trade receivables: -€438,699
- Intangible fixed assets +€293,986
up €293,986 (+166.2%), from €176,890 to €470,876
- Cash -€255,081
down €255,081 (-87.8%), from €290,373 to €35,292
mainly Investment in fixed assets (net) (-€538,891) and Trade debts (-€224,894)
- Tangible fixed assets +€99,602
up €99,602 (+58.9%), from €169,179 to €268,781
of which Furniture and vehicles: +€68,470
- Deferred charges and accrued income +€18,420
up €18,420 (+35.3%), from €52,125 to €70,545
- Trade debts -€224,894
down €224,894 (-67.0%), from €335,787 to €110,894
- Tax, wage and social debts +€94,916
up €94,916 (+53.3%), from €178,079 to €272,995
of which Remuneration and social security: +€80,203
- Profit (loss) carried forward -€30,325
down €30,325 (-35.3%), from €85,799 to €55,473
- Turnover -€1.8m
no longer reported in 2025 (was €1.8m)
- Gross operating margin +€1.2m
new in 2025: €1.2m
- Services and other goods -€803,930
no longer reported in 2025 (was €803,930)
- Staff costs +€389,533
up €389,533 (+53.3%), from €731,117 to €1.1m
- Goods and materials -€117,079
no longer reported in 2025 (was €117,079)
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 | €1,233,928 | €1,074,038 | -€159,889 | -13.0% |
| Fixed assets | 21/28 | €366,494 | €770,133 | +€403,639 | +110.1% |
| Intangible fixed assets | 21 | €176,890 | €470,876 | +€293,986 | +166.2% |
| Tangible fixed assets | 22/27 | €169,179 | €268,781 | +€99,602 | +58.9% |
| Plant, machinery and equipment | 23 | €70,030 | €106,541 | +€36,511 | +52.1% |
| Furniture and vehicles | 24 | €80,461 | €148,930 | +€68,470 | +85.1% |
| Other tangible fixed assets | 26 | €18,688 | €13,310 | -€5,378 | -28.8% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €20,425 | €30,475 | +€10,050 | +49.2% |
| Other financial fixed assets | 284/8 | €20,425 | - | -€20,425 | |
| Amounts receivable and cash guarantees | 285/8 | €20,425 | - | -€20,425 | |
| Current assets | 29/58 | €867,434 | €303,906 | -€563,528 | -65.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €524,936 | €198,069 | -€326,867 | -62.3% |
| Trade receivables | 40 | €508,281 | €69,582 | -€438,699 | -86.3% |
| Other amounts receivable | 41 | €16,655 | €128,487 | +€111,832 | +671.5% |
| Cash at bank and in hand | 54/58 | €290,373 | €35,292 | -€255,081 | -87.8% |
| Deferred charges and accrued income | 490/1 | €52,125 | €70,545 | +€18,420 | +35.3% |
| Total equity and liabilities | 10/49 | €1,233,928 | €1,074,038 | -€159,889 | -13.0% |
| Equity | 10/15 | €621,260 | €590,935 | -€30,325 | -4.9% |
| Contributions | 10/11 | €62,562 | €62,562 | = | 0.0% |
| Capital | 10 | €62,562 | €62,562 | = | 0.0% |
| Issued capital | 100 | €62,562 | €62,562 | = | 0.0% |
| Reserves | 13 | €472,900 | €472,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,256 | €6,256 | = | 0.0% |
| Legal reserve | 130 | €6,256 | €6,256 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,004 | €35,004 | = | 0.0% |
| Distributable reserves | 133 | €431,640 | €431,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,799 | €55,473 | -€30,325 | -35.3% |
| Amounts payable | 17/49 | €612,668 | €483,103 | -€129,564 | -21.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Credit institutions | 173 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €514,749 | €390,389 | -€124,361 | -24.2% |
| Current portion of amounts payable after more than one year | 42 | €883 | €0 | -€883 | -100.0% |
| Trade debts | 44 | €335,787 | €110,894 | -€224,894 | -67.0% |
| Suppliers | 440/4 | €335,787 | €110,894 | -€224,894 | -67.0% |
| Advances received on contracts in progress | 46 | - | €6,500 | +€6,500 | |
| Taxes, remuneration and social security | 45 | €178,079 | €272,995 | +€94,916 | +53.3% |
| Taxes | 450/3 | €38,786 | €53,498 | +€14,712 | +37.9% |
| Remuneration and social security | 454/9 | €139,293 | €219,497 | +€80,203 | +57.6% |
| Accrued charges and deferred income | 492/3 | €97,918 | €92,715 | -€5,203 | -5.3% |
| Operating income | 70/76A | €1,862,912 | - | -€1.9m | |
| Turnover | 70 | €1,788,894 | - | -€1.8m | |
| Own construction capitalised | 72 | €51,200 | - | -€51,200 | |
| Other operating income | 74 | €22,818 | - | -€22,818 | |
| Operating charges | 60/66A | €1,748,711 | - | -€1.7m | |
| Goods for resale, raw materials and consumables | 60 | €117,079 | - | -€117,079 | |
| Purchases | 600/8 | €117,079 | - | -€117,079 | |
| Services and other goods | 61 | €803,930 | - | -€803,930 | |
| Remuneration, social security and pensions | 62 | €731,117 | €1,120,650 | +€389,533 | +53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,370 | €135,252 | +€45,883 | +51.3% |
| Other operating charges | 640/8 | €3,557 | €4,356 | +€799 | +22.5% |
| Non-recurring operating charges | 66A | €3,659 | €0 | -€3,659 | -100.0% |
| Gross operating margin | 9900 | - | €1,225,461 | +€1.2m | |
| Operating profit (loss) | 9901 | €114,201 | -€34,797 | -€148,998 | |
| Financial income | 75/76B | €74 | €10,717 | +€10,643 | +14454.9% |
| Recurring financial income | 75 | €74 | €717 | +€643 | +873.5% |
| Income from current assets | 751 | €73 | - | -€73 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | - | €10,000 | +€10,000 | |
| Financial charges | 65/66B | €2,233 | €2,676 | +€444 | +19.9% |
| Recurring financial charges | 65 | €2,233 | €2,676 | +€444 | +19.9% |
| Debt charges | 650 | €107 | - | -€107 | |
| Other financial charges | 652/9 | €2,126 | - | -€2,126 | |
| Profit (loss) for the period before taxes | 9903 | €112,042 | -€26,757 | -€138,798 | |
| Income taxes | 67/77 | €36,555 | €3,569 | -€32,986 | -90.2% |
| Taxes | 670/3 | €36,555 | - | -€36,555 | |
| Profit (loss) for the period | 9904 | €75,487 | -€30,325 | -€105,813 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,487 | -€30,325 | -€105,813 |
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 8 October 2026 via checked.be.