D212: 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.
D212
Largest movements
- Cash +€41,300
up €41,300 (+39.2%), from €105,317 to €146,618
mainly Other debts (+€120,000) and Net result for the year (+€55,087)
- Tangible fixed assets -€38,232
down €38,232 (-9.1%), from €422,063 to €383,831
of which Land and buildings: -€21,794
- Receivables within one year +€6,420
up €6,420 (+120%), from €5,367 to €11,787
- Other debts +€120,000
up €120,000 (+239%), from €50,259 to €170,259
- Profit (loss) carried forward -€114,913
down €114,913 (-33.3%), from €344,576 to €229,663
- Gross operating margin +€8,709
up €8,709 (+7.4%), from €118,023 to €126,732
- Depreciation +€2,535
up €2,535 (+7.1%), from €35,697 to €38,232
- Staff costs +€2,086
up €2,086 (+16.5%), from €12,663 to €14,749
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 | €540,622 | €549,270 | +€8,648 | +1.6% |
| Fixed assets | 21/28 | €422,063 | €383,831 | -€38,232 | -9.1% |
| Tangible fixed assets | 22/27 | €422,063 | €383,831 | -€38,232 | -9.1% |
| Land and buildings | 22 | €294,384 | €272,589 | -€21,794 | -7.4% |
| Furniture and vehicles | 24 | €127,679 | €111,242 | -€16,437 | -12.9% |
| Current assets | 29/58 | €118,559 | €165,439 | +€46,880 | +39.5% |
| Stocks and contracts in progress | 3 | €2,304 | €2,862 | +€558 | +24.2% |
| Stocks | 30/36 | €2,304 | €2,862 | +€558 | +24.2% |
| Amounts receivable within one year | 40/41 | €5,367 | €11,787 | +€6,420 | +120% |
| Other amounts receivable | 41 | €5,367 | €11,787 | +€6,420 | +120% |
| Cash at bank and in hand | 54/58 | €105,317 | €146,618 | +€41,300 | +39.2% |
| Deferred charges and accrued income | 490/1 | €5,571 | €4,172 | -€1,399 | -25.1% |
| Total equity and liabilities | 10/49 | €540,622 | €549,270 | +€8,648 | +1.6% |
| Equity | 10/15 | €365,036 | €250,123 | -€114,913 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €344,576 | €229,663 | -€114,913 | -33.3% |
| Amounts payable | 17/49 | €175,586 | €299,147 | +€123,561 | +70.4% |
| Amounts payable after more than one year | 17 | €120,000 | €120,000 | = | 0.0% |
| Financial debts | 170/4 | €120,000 | €120,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,586 | €179,147 | +€123,561 | +222% |
| Trade debts | 44 | €5,327 | €7,257 | +€1,930 | +36.2% |
| Suppliers | 440/4 | €5,327 | €7,257 | +€1,930 | +36.2% |
| Taxes, remuneration and social security | 45 | - | €1,631 | +€1,631 | |
| Remuneration and social security | 454/9 | - | €1,631 | +€1,631 | |
| Other amounts payable | 47/48 | €50,259 | €170,259 | +€120,000 | +239% |
| Remuneration, social security and pensions | 62 | €12,663 | €14,749 | +€2,086 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,697 | €38,232 | +€2,535 | +7.1% |
| Other operating charges | 640/8 | €3,240 | €3,304 | +€63 | +2.0% |
| Gross operating margin | 9900 | €118,023 | €126,732 | +€8,709 | +7.4% |
| Operating profit (loss) | 9901 | €66,424 | €70,448 | +€4,024 | +6.1% |
| Financial income | 75/76B | €42 | €48 | +€6 | +13.9% |
| Recurring financial income | 75 | €42 | €48 | +€6 | +13.9% |
| Financial charges | 65/66B | €280 | €310 | +€31 | +11.0% |
| Recurring financial charges | 65 | €280 | €310 | +€31 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €66,186 | €70,185 | +€3,999 | +6.0% |
| Income taxes | 67/77 | €14,933 | €15,098 | +€165 | +1.1% |
| Profit (loss) for the period | 9904 | €51,252 | €55,087 | +€3,834 | +7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,252 | €55,087 | +€3,834 | +7.5% |
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 16 October 2026 via checked.be.