D-SOLVE: 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-SOLVE
Largest movements
- Cash -€42,498
down €42,498 (-62.7%), from €67,772 to €25,274
mainly Investment in fixed assets (net) (-€41,066) and Receivables within one year (-€6,961)
- Tangible fixed assets +€38,749
up €38,749 (+928.7%), from €4,172 to €42,921
of which Furniture and vehicles: +€36,045
- Receivables within one year +€6,961
up €6,961 (+17.7%), from €39,354 to €46,314
of which Other amounts receivable: +€4,659
- Reserves +€5,693
up €5,693 (+7.1%), from €80,626 to €86,319
of which Distributable reserves: +€5,693
- Tax, wage and social debts -€5,321
down €5,321 (-61.5%), from €8,651 to €3,330
- Trade debts +€4,718
up €4,718 (+117.7%), from €4,009 to €8,727
- Short-term financial debts -€2,366
down €2,366 (-100.0%), from €2,366 to €0
- Gross operating margin -€17,985
down €17,985 (-44.3%), from €40,618 to €22,633
- Taxes -€4,157
down €4,157 (-40.7%), from €10,221 to €6,064
- Financial charges +€1,371
up €1,371 (+125.1%), from €1,096 to €2,466
- Depreciation +€1,225
up €1,225 (+112.2%), from €1,092 to €2,317
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 | €122,479 | €125,910 | +€3,430 | +2.8% |
| Fixed assets | 21/28 | €13,172 | €51,921 | +€38,749 | +294.2% |
| Tangible fixed assets | 22/27 | €4,172 | €42,921 | +€38,749 | +928.7% |
| Plant, machinery and equipment | 23 | - | €2,705 | +€2,705 | |
| Furniture and vehicles | 24 | €4,172 | €40,217 | +€36,045 | +863.9% |
| Financial fixed assets | 28 | €9,000 | €9,000 | = | 0.0% |
| Current assets | 29/58 | €109,307 | €73,988 | -€35,319 | -32.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €39,354 | €46,314 | +€6,961 | +17.7% |
| Trade receivables | 40 | €24,206 | €26,508 | +€2,301 | +9.5% |
| Other amounts receivable | 41 | €15,147 | €19,806 | +€4,659 | +30.8% |
| Cash at bank and in hand | 54/58 | €67,772 | €25,274 | -€42,498 | -62.7% |
| Deferred charges and accrued income | 490/1 | €2,182 | €2,400 | +€218 | +10.0% |
| Total equity and liabilities | 10/49 | €122,479 | €125,910 | +€3,430 | +2.8% |
| Equity | 10/15 | €102,068 | €107,760 | +€5,693 | +5.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €80,626 | €86,319 | +€5,693 | +7.1% |
| Tax-exempt reserves | 132 | €5,608 | €5,608 | = | 0.0% |
| Distributable reserves | 133 | €75,018 | €80,711 | +€5,693 | +7.6% |
| Profit (loss) carried forward | 14 | €9,041 | €9,041 | = | 0.0% |
| Amounts payable | 17/49 | €20,412 | €18,149 | -€2,262 | -11.1% |
| Amounts payable within one year | 42/48 | €19,824 | €17,561 | -€2,262 | -11.4% |
| Financial debts | 43 | €2,366 | €0 | -€2,366 | -100.0% |
| Credit institutions | 430/8 | €2,366 | €0 | -€2,366 | -100.0% |
| Trade debts | 44 | €4,009 | €8,727 | +€4,718 | +117.7% |
| Suppliers | 440/4 | €4,009 | €8,727 | +€4,718 | +117.7% |
| Taxes, remuneration and social security | 45 | €8,651 | €3,330 | -€5,321 | -61.5% |
| Taxes | 450/3 | €8,651 | €3,330 | -€5,321 | -61.5% |
| Other amounts payable | 47/48 | €4,798 | €5,504 | +€706 | +14.7% |
| Accrued charges and deferred income | 492/3 | €588 | €588 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,280 | +€1,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,092 | €2,317 | +€1,225 | +112.2% |
| Other operating charges | 640/8 | €450 | €589 | +€139 | +30.8% |
| Non-recurring operating charges | 66A | €6,072 | €0 | -€6,072 | -100.0% |
| Gross operating margin | 9900 | €40,618 | €22,633 | -€17,985 | -44.3% |
| Operating profit (loss) | 9901 | €33,004 | €19,727 | -€13,277 | -40.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,096 | €2,466 | +€1,371 | +125.1% |
| Recurring financial charges | 65 | €1,096 | €2,466 | +€1,371 | +125.1% |
| Profit (loss) for the period before taxes | 9903 | €31,908 | €17,260 | -€14,648 | -45.9% |
| Income taxes | 67/77 | €10,221 | €6,064 | -€4,157 | -40.7% |
| Profit (loss) for the period | 9904 | €21,687 | €11,196 | -€10,491 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,687 | €11,196 | -€10,491 | -48.4% |
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.