D.-W.: 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.-W.
Largest movements
- Cash +€75,691
up €75,691 (+65.7%), from €115,249 to €190,940
mainly Net result for the year (+€49,631) and Tax, wage and social debts (+€16,405)
- Receivables within one year -€8,175
down €8,175 (-15.6%), from €52,429 to €44,254
of which Other amounts receivable: -€11,843
- Deferred charges and accrued income -€7,616
down €7,616 (-28.9%), from €26,357 to €18,741
- Profit (loss) carried forward +€29,631
up €29,631 (+21.4%), from €138,627 to €168,258
- Tax, wage and social debts +€16,405
up €16,405 (+353%), from €4,642 to €21,047
- Other debts +€10,000
up €10,000 (+100%), from €10,000 to €20,000
- Trade debts +€3,864
up €3,864 (+29.1%), from €13,266 to €17,130
- Gross operating margin +€50,103
up €50,103 (+278%), from €18,027 to €68,130
- Taxes +€13,441
up €13,441 (+323%), from €4,162 to €17,603
- Other operating charges -€1,851
down €1,851 (-73.2%), from €2,528 to €677
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 | €194,035 | €253,935 | +€59,899 | +30.9% |
| Current assets | 29/58 | €194,035 | €253,935 | +€59,899 | +30.9% |
| Amounts receivable within one year | 40/41 | €52,429 | €44,254 | -€8,175 | -15.6% |
| Trade receivables | 40 | €3,966 | €7,634 | +€3,669 | +92.5% |
| Other amounts receivable | 41 | €48,463 | €36,620 | -€11,843 | -24.4% |
| Cash at bank and in hand | 54/58 | €115,249 | €190,940 | +€75,691 | +65.7% |
| Deferred charges and accrued income | 490/1 | €26,357 | €18,741 | -€7,616 | -28.9% |
| Total equity and liabilities | 10/49 | €194,035 | €253,935 | +€59,899 | +30.9% |
| Equity | 10/15 | €166,127 | €195,758 | +€29,631 | +17.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,627 | €168,258 | +€29,631 | +21.4% |
| Amounts payable | 17/49 | €27,909 | €58,177 | +€30,268 | +108% |
| Amounts payable within one year | 42/48 | €27,908 | €58,177 | +€30,269 | +108% |
| Trade debts | 44 | €13,266 | €17,130 | +€3,864 | +29.1% |
| Suppliers | 440/4 | €13,266 | €17,130 | +€3,864 | +29.1% |
| Taxes, remuneration and social security | 45 | €4,642 | €21,047 | +€16,405 | +353% |
| Taxes | 450/3 | €4,642 | €21,047 | +€16,405 | +353% |
| Other amounts payable | 47/48 | €10,000 | €20,000 | +€10,000 | +100% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Other operating charges | 640/8 | €2,528 | €677 | -€1,851 | -73.2% |
| Gross operating margin | 9900 | €18,027 | €68,130 | +€50,103 | +278% |
| Operating profit (loss) | 9901 | €15,499 | €67,454 | +€51,954 | +335% |
| Financial income | 75/76B | €3 | €113 | +€110 | +3,260% |
| Recurring financial income | 75 | €3 | €113 | +€110 | +3,260% |
| Financial charges | 65/66B | €328 | €333 | +€5 | +1.5% |
| Recurring financial charges | 65 | €328 | €333 | +€5 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €15,175 | €67,234 | +€52,059 | +343% |
| Income taxes | 67/77 | €4,162 | €17,603 | +€13,441 | +323% |
| Profit (loss) for the period | 9904 | €11,013 | €49,631 | +€38,618 | +351% |
| Profit (loss) for the period to be appropriated | 9905 | €11,013 | €49,631 | +€38,618 | +351% |
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 13 October 2026 via checked.be.