D. VANBRIEL: 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. VANBRIEL
Largest movements
- Receivables within one year -€26,951
down €26,951 (-46.7%), from €57,668 to €30,717
of which Other amounts receivable: -€14,694
- Cash +€14,926
up €14,926 (+117%), from €12,787 to €27,713
mainly Receivables within one year (+€26,951) and Net result for the year (+€20,533)
- Tangible fixed assets -€12,290
down €12,290 (-39.8%), from €30,850 to €18,560
of which Plant, machinery and equipment: -€11,133
- Reserves -€26,437
down €26,437 (-36.9%), from €71,729 to €45,291
- Other debts +€15,666
up €15,666 (+2,611%), from €600 to €16,266
- Debts after one year -€9,394
down €9,394 (-36.5%), from €25,723 to €16,329
- Tax, wage and social debts -€4,462
down €4,462 (-85.8%), from €5,204 to €741
of which Remuneration and social security: -€2,400
- Gross operating margin +€22,464
up €22,464 (+102%), from €21,996 to €44,460
- Taxes +€5,509
up €5,509 (+170%), from €3,233 to €8,741
- Depreciation +€918
up €918 (+7.0%), from €13,164 to €14,082
- Financial income -€523
down €523 (-36.5%), from €1,433 to €910
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 | €113,434 | €88,696 | -€24,738 | -21.8% |
| Fixed assets | 21/28 | €30,850 | €18,560 | -€12,290 | -39.8% |
| Tangible fixed assets | 22/27 | €30,850 | €18,560 | -€12,290 | -39.8% |
| Plant, machinery and equipment | 23 | €22,594 | €11,460 | -€11,133 | -49.3% |
| Furniture and vehicles | 24 | €8,257 | €7,100 | -€1,157 | -14.0% |
| Current assets | 29/58 | €82,584 | €70,136 | -€12,448 | -15.1% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €57,668 | €30,717 | -€26,951 | -46.7% |
| Trade receivables | 40 | €20,994 | €8,736 | -€12,258 | -58.4% |
| Other amounts receivable | 41 | €36,675 | €21,981 | -€14,694 | -40.1% |
| Cash at bank and in hand | 54/58 | €12,787 | €27,713 | +€14,926 | +117% |
| Deferred charges and accrued income | 490/1 | €2,128 | €1,706 | -€423 | -19.9% |
| Total equity and liabilities | 10/49 | €113,434 | €88,696 | -€24,738 | -21.8% |
| Equity | 10/15 | €71,929 | €45,491 | -€26,437 | -36.8% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €71,729 | €45,291 | -€26,437 | -36.9% |
| Distributable reserves | 133 | €71,729 | €45,291 | -€26,437 | -36.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €41,505 | €43,204 | +€1,699 | +4.1% |
| Amounts payable after more than one year | 17 | €25,723 | €16,329 | -€9,394 | -36.5% |
| Financial debts | 170/4 | €25,723 | €16,329 | -€9,394 | -36.5% |
| Amounts payable within one year | 42/48 | €15,783 | €26,876 | +€11,093 | +70.3% |
| Current portion of amounts payable after more than one year | 42 | €8,507 | €9,394 | +€887 | +10.4% |
| Trade debts | 44 | €1,472 | €475 | -€997 | -67.7% |
| Suppliers | 440/4 | €1,472 | €475 | -€997 | -67.7% |
| Taxes, remuneration and social security | 45 | €5,204 | €741 | -€4,462 | -85.8% |
| Taxes | 450/3 | €2,804 | €741 | -€2,062 | -73.6% |
| Remuneration and social security | 454/9 | €2,400 | €0 | -€2,400 | -100% |
| Other amounts payable | 47/48 | €600 | €16,266 | +€15,666 | +2,611% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,164 | €14,082 | +€918 | +7.0% |
| Other operating charges | 640/8 | €1,201 | €1,285 | +€84 | +7.0% |
| Gross operating margin | 9900 | €21,996 | €44,460 | +€22,464 | +102% |
| Operating profit (loss) | 9901 | €7,631 | €29,093 | +€21,462 | +281% |
| Financial income | 75/76B | €1,433 | €910 | -€523 | -36.5% |
| Recurring financial income | 75 | €1,433 | €910 | -€523 | -36.5% |
| Financial charges | 65/66B | €919 | €728 | -€191 | -20.8% |
| Recurring financial charges | 65 | €919 | €728 | -€191 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €8,144 | €29,275 | +€21,130 | +259% |
| Income taxes | 67/77 | €3,233 | €8,741 | +€5,509 | +170% |
| Profit (loss) for the period | 9904 | €4,912 | €20,533 | +€15,622 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €4,912 | €20,533 | +€15,622 | +318% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.