D-tract: 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-tract
Largest movements
- Receivables within one year +€38,126
up €38,126 (+46.2%), from €82,579 to €120,705
of which Other amounts receivable: +€29,810
- Reserves +€62,966
new in 2025: €62,966
- Other debts -€28,535
no longer reported in 2025 (was €28,535)
- Tax, wage and social debts +€10,071
up €10,071 (+29.2%), from €34,447 to €44,518
of which Taxes: +€8,671
- Current portion of long-term debt -€3,552
no longer reported in 2025 (was €3,552)
- Accrued charges and deferred income -€1,400
no longer reported in 2025 (was €1,400)
- Gross operating margin +€35,061
up €35,061 (+65.0%), from €53,918 to €88,979
- Taxes +€8,488
up €8,488 (+84.3%), from €10,067 to €18,555
- Depreciation -€5,083
down €5,083 (-70.6%), from €7,196 to €2,113
- Financial income -€2,792
no longer reported in 2025 (was €2,792)
- Financial charges -€1,043
down €1,043 (-24.3%), from €4,298 to €3,255
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,812 | €127,087 | +€38,276 | +43.1% |
| Fixed assets | 21/28 | €6,232 | €6,382 | +€150 | +2.4% |
| Tangible fixed assets | 22/27 | €6,192 | €6,342 | +€150 | +2.4% |
| Plant, machinery and equipment | 23 | €2,183 | €1,579 | -€604 | -27.7% |
| Furniture and vehicles | 24 | €2,765 | €3,691 | +€926 | +33.5% |
| Other tangible fixed assets | 26 | €1,244 | €1,072 | -€172 | -13.9% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €82,579 | €120,705 | +€38,126 | +46.2% |
| Amounts receivable within one year | 40/41 | €82,579 | €120,705 | +€38,126 | +46.2% |
| Trade receivables | 40 | €36,987 | €45,304 | +€8,316 | +22.5% |
| Other amounts receivable | 41 | €45,592 | €75,402 | +€29,810 | +65.4% |
| Total equity and liabilities | 10/49 | €88,812 | €127,087 | +€38,276 | +43.1% |
| Equity | 10/15 | €3,000 | €65,966 | +€62,966 | +2098.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €62,966 | +€62,966 | |
| Distributable reserves | 133 | - | €62,966 | +€62,966 | |
| Amounts payable | 17/49 | €85,812 | €61,122 | -€24,690 | -28.8% |
| Amounts payable within one year | 42/48 | €84,412 | €61,122 | -€23,290 | -27.6% |
| Current portion of amounts payable after more than one year | 42 | €3,552 | - | -€3,552 | |
| Financial debts | 43 | €9,966 | €9,349 | -€618 | -6.2% |
| Credit institutions | 430/8 | €9,966 | €9,349 | -€618 | -6.2% |
| Trade debts | 44 | €7,911 | €7,255 | -€656 | -8.3% |
| Suppliers | 440/4 | €7,911 | €7,255 | -€656 | -8.3% |
| Taxes, remuneration and social security | 45 | €34,447 | €44,518 | +€10,071 | +29.2% |
| Taxes | 450/3 | €34,447 | €43,118 | +€8,671 | +25.2% |
| Remuneration and social security | 454/9 | - | €1,400 | +€1,400 | |
| Other amounts payable | 47/48 | €28,535 | - | -€28,535 | |
| Accrued charges and deferred income | 492/3 | €1,400 | - | -€1,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,196 | €2,113 | -€5,083 | -70.6% |
| Other operating charges | 640/8 | €1,579 | €2,090 | +€511 | +32.4% |
| Gross operating margin | 9900 | €53,918 | €88,979 | +€35,061 | +65.0% |
| Operating profit (loss) | 9901 | €45,143 | €84,776 | +€39,632 | +87.8% |
| Financial income | 75/76B | €2,792 | - | -€2,792 | |
| Recurring financial income | 75 | €2,792 | - | -€2,792 | |
| Financial charges | 65/66B | €4,298 | €3,255 | -€1,043 | -24.3% |
| Recurring financial charges | 65 | €4,298 | €3,255 | -€1,043 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €43,637 | €81,521 | +€37,883 | +86.8% |
| Income taxes | 67/77 | €10,067 | €18,555 | +€8,488 | +84.3% |
| Profit (loss) for the period | 9904 | €33,571 | €62,966 | +€29,395 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,571 | €62,966 | +€29,395 | +87.6% |
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 3 October 2026 via checked.be.