D-Solution: 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-Solution
Largest movements
- Receivables after one year +€65,000
up €65,000 (+35.1%), from €185,000 to €250,000
- Receivables within one year -€37,283
down €37,283 (-38.1%), from €97,860 to €60,577
of which Other amounts receivable: -€40,779
- Cash +€27,081
up €27,081 (+86.7%), from €31,248 to €58,329
mainly Net result for the year (+€105,667) and Receivables within one year (+€37,283)
- Stocks and contracts -€8,105
down €8,105 (-49.3%), from €16,450 to €8,345
- Reserves +€39,966
up €39,966 (+18.2%), from €219,622 to €259,588
of which Distributable reserves: +€39,966
- Other debts +€12,000
up €12,000 (+20.0%), from €60,000 to €72,000
- Profit (loss) carried forward -€6,299
down €6,299 (-31.5%), from €19,966 to €13,667
- Gross operating margin +€9,299
up €9,299 (+8.6%), from €107,993 to €117,292
- Taxes +€4,054
up €4,054 (+37.2%), from €10,903 to €14,956
- Financial income +€1,830
up €1,830 (+15.9%), from €11,518 to €13,348
- Write-downs +€1,525
up €1,525 (+23.2%), from €6,580 to €8,105
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 | €333,341 | €378,437 | +€45,096 | +13.5% |
| Fixed assets | 21/28 | €2,784 | €1,186 | -€1,598 | -57.4% |
| Tangible fixed assets | 22/27 | €2,784 | €1,186 | -€1,598 | -57.4% |
| Furniture and vehicles | 24 | €2,784 | €1,186 | -€1,598 | -57.4% |
| Current assets | 29/58 | €330,557 | €377,251 | +€46,694 | +14.1% |
| Amounts receivable after more than one year | 29 | €185,000 | €250,000 | +€65,000 | +35.1% |
| Other amounts receivable | 291 | €185,000 | €250,000 | +€65,000 | +35.1% |
| Stocks and contracts in progress | 3 | €16,450 | €8,345 | -€8,105 | -49.3% |
| Stocks | 30/36 | €16,450 | €8,345 | -€8,105 | -49.3% |
| Amounts receivable within one year | 40/41 | €97,860 | €60,577 | -€37,283 | -38.1% |
| Trade receivables | 40 | €17,125 | €20,620 | +€3,496 | +20.4% |
| Other amounts receivable | 41 | €80,735 | €39,956 | -€40,779 | -50.5% |
| Cash at bank and in hand | 54/58 | €31,248 | €58,329 | +€27,081 | +86.7% |
| Total equity and liabilities | 10/49 | €333,341 | €378,437 | +€45,096 | +13.5% |
| Equity | 10/15 | €258,188 | €291,855 | +€33,667 | +13.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €219,622 | €259,588 | +€39,966 | +18.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €217,762 | €257,728 | +€39,966 | +18.4% |
| Profit (loss) carried forward | 14 | €19,966 | €13,667 | -€6,299 | -31.5% |
| Amounts payable | 17/49 | €75,153 | €86,582 | +€11,429 | +15.2% |
| Amounts payable within one year | 42/48 | €75,153 | €86,582 | +€11,429 | +15.2% |
| Trade debts | 44 | €6,097 | €4,509 | -€1,588 | -26.0% |
| Suppliers | 440/4 | €6,097 | €4,509 | -€1,588 | -26.0% |
| Taxes, remuneration and social security | 45 | €9,056 | €10,073 | +€1,016 | +11.2% |
| Taxes | 450/3 | €9,056 | €10,073 | +€1,016 | +11.2% |
| Other amounts payable | 47/48 | €60,000 | €72,000 | +€12,000 | +20.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,544 | €1,598 | +€54 | +3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,580 | €8,105 | +€1,525 | +23.2% |
| Other operating charges | 640/8 | €368 | €173 | -€196 | -53.2% |
| Gross operating margin | 9900 | €107,993 | €117,292 | +€9,299 | +8.6% |
| Operating profit (loss) | 9901 | €99,501 | €107,417 | +€7,916 | +8.0% |
| Financial income | 75/76B | €11,518 | €13,348 | +€1,830 | +15.9% |
| Recurring financial income | 75 | €11,518 | €13,348 | +€1,830 | +15.9% |
| Financial charges | 65/66B | €150 | €142 | -€8 | -5.3% |
| Recurring financial charges | 65 | €150 | €142 | -€8 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €110,869 | €120,623 | +€9,754 | +8.8% |
| Income taxes | 67/77 | €10,903 | €14,956 | +€4,054 | +37.2% |
| Profit (loss) for the period | 9904 | €99,966 | €105,667 | +€5,701 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €99,966 | €105,667 | +€5,701 | +5.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.