D2B2: 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.
D2B2
Largest movements
- Tangible fixed assets +€342,286
up €342,286 (+6,642%), from €5,153 to €347,440
of which Land and buildings: +€331,645
- Receivables within one year -€11,803
down €11,803 (-35.1%), from €33,583 to €21,780
- Debts after one year +€265,870
new in 2025: €265,870
- Tax, wage and social debts +€22,239
up €22,239 (+104%), from €21,377 to €43,615
of which Remuneration and social security: +€15,821
- Profit (loss) carried forward +€20,873
up €20,873 (+60.3%), from €34,632 to €55,505
- Other debts +€19,096
up €19,096 (+1,020%), from €1,872 to €20,968
- Depreciation +€43,888
up €43,888 (+3,575%), from €1,228 to €45,115
- Gross operating margin +€34,803
up €34,803 (+76.5%), from €45,487 to €80,290
- Financial charges +€7,851
up €7,851 (+21,463%), from €37 to €7,888
- Taxes -€3,581
down €3,581 (-37.9%), from €9,454 to €5,873
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 | €72,374 | €402,734 | +€330,360 | +456% |
| Fixed assets | 21/28 | €5,728 | €347,578 | +€341,850 | +5,968% |
| Intangible fixed assets | 21 | €575 | €138 | -€437 | -76.0% |
| Tangible fixed assets | 22/27 | €5,153 | €347,440 | +€342,286 | +6,642% |
| Land and buildings | 22 | - | €331,645 | +€331,645 | |
| Plant, machinery and equipment | 23 | €1,427 | €1,024 | -€403 | -28.2% |
| Furniture and vehicles | 24 | €3,726 | €14,770 | +€11,044 | +296% |
| Current assets | 29/58 | €66,646 | €55,157 | -€11,490 | -17.2% |
| Amounts receivable within one year | 40/41 | €33,583 | €21,780 | -€11,803 | -35.1% |
| Trade receivables | 40 | €33,583 | €21,780 | -€11,803 | -35.1% |
| Current investments | 50/53 | €1,009 | €1,028 | +€19 | +1.9% |
| Cash at bank and in hand | 54/58 | €24,039 | €27,495 | +€3,456 | +14.4% |
| Deferred charges and accrued income | 490/1 | €8,015 | €4,854 | -€3,162 | -39.4% |
| Total equity and liabilities | 10/49 | €72,374 | €402,734 | +€330,360 | +456% |
| Equity | 10/15 | €48,795 | €69,668 | +€20,873 | +42.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,163 | €11,163 | = | 0.0% |
| Distributable reserves | 133 | €11,163 | €11,163 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,632 | €55,505 | +€20,873 | +60.3% |
| Amounts payable | 17/49 | €23,579 | €333,066 | +€309,487 | +1,313% |
| Amounts payable after more than one year | 17 | - | €265,870 | +€265,870 | |
| Financial debts | 170/4 | - | €265,870 | +€265,870 | |
| Amounts payable within one year | 42/48 | €23,579 | €66,965 | +€43,386 | +184% |
| Trade debts | 44 | €331 | €2,382 | +€2,051 | +620% |
| Suppliers | 440/4 | €331 | €2,382 | +€2,051 | +620% |
| Taxes, remuneration and social security | 45 | €21,377 | €43,615 | +€22,239 | +104% |
| Taxes | 450/3 | €15,570 | €21,987 | +€6,417 | +41.2% |
| Remuneration and social security | 454/9 | €5,806 | €21,628 | +€15,821 | +272% |
| Other amounts payable | 47/48 | €1,872 | €20,968 | +€19,096 | +1,020% |
| Accrued charges and deferred income | 492/3 | - | €231 | +€231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,228 | €45,115 | +€43,888 | +3,575% |
| Other operating charges | 640/8 | €149 | €568 | +€419 | +280% |
| Gross operating margin | 9900 | €45,487 | €80,290 | +€34,803 | +76.5% |
| Operating profit (loss) | 9901 | €44,110 | €34,607 | -€9,503 | -21.5% |
| Financial income | 75/76B | €13 | €27 | +€14 | +111% |
| Recurring financial income | 75 | €13 | €27 | +€14 | +111% |
| Financial charges | 65/66B | €37 | €7,888 | +€7,851 | +21,463% |
| Recurring financial charges | 65 | €37 | €7,888 | +€7,851 | +21,463% |
| Profit (loss) for the period before taxes | 9903 | €44,086 | €26,746 | -€17,340 | -39.3% |
| Income taxes | 67/77 | €9,454 | €5,873 | -€3,581 | -37.9% |
| Profit (loss) for the period | 9904 | €34,632 | €20,873 | -€13,759 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,632 | €20,873 | -€13,759 | -39.7% |
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 21 October 2026 via checked.be.