D2D: 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.
D2D
Largest movements
- Cash +€46,641
up €46,641 (+12,071%), from €386 to €47,027
mainly Net result for the year (+€65,544) and Receivables within one year (+€32,074)
- Receivables within one year -€32,074
down €32,074 (-27.0%), from €118,806 to €86,732
of which Other amounts receivable: -€39,594
- Tangible fixed assets -€7,929
down €7,929 (-20.2%), from €39,168 to €31,239
of which Furniture and vehicles: -€8,812
- Reserves +€50,000
up €50,000 (+37.9%), from €131,860 to €181,860
of which Distributable reserves: +€50,000
- Debts after one year -€29,763
down €29,763 (-45.9%), from €64,787 to €35,024
- Trade debts -€21,101
down €21,101 (-42.3%), from €49,850 to €28,749
- Tax, wage and social debts +€8,243
up €8,243 (+18.1%), from €45,449 to €53,692
of which Taxes: +€8,243
- Profit (loss) carried forward +€5,544
up €5,544 (+8.8%), from €63,166 to €68,710
- Gross operating margin +€52,718
up €52,718 (+73.1%), from €72,143 to €124,862
- Financial income -€7,435
down €7,435 (-100.0%), from €7,435 to €0
of which Financial income: -€4,005
- Taxes +€7,185
up €7,185 (+25.0%), from €28,787 to €35,972
- Financial charges +€4,381
up €4,381 (+50.1%), from €8,735 to €13,116
- Depreciation +€4,067
up €4,067 (+75.5%), from €5,384 to €9,452
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 | €412,672 | €421,727 | +€9,055 | +2.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €289,168 | €281,239 | -€7,929 | -2.7% |
| Tangible fixed assets | 22/27 | €39,168 | €31,239 | -€7,929 | -20.2% |
| Land and buildings | 22 | €2,469 | €2,045 | -€425 | -17.2% |
| Plant, machinery and equipment | 23 | - | €1,307 | +€1,307 | |
| Furniture and vehicles | 24 | €36,699 | €27,887 | -€8,812 | -24.0% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €123,503 | €140,488 | +€16,985 | +13.8% |
| Amounts receivable within one year | 40/41 | €118,806 | €86,732 | -€32,074 | -27.0% |
| Trade receivables | 40 | €29,545 | €37,065 | +€7,520 | +25.5% |
| Other amounts receivable | 41 | €89,261 | €49,668 | -€39,594 | -44.4% |
| Cash at bank and in hand | 54/58 | €386 | €47,027 | +€46,641 | +12,071% |
| Deferred charges and accrued income | 490/1 | €4,311 | €6,729 | +€2,418 | +56.1% |
| Total equity and liabilities | 10/49 | €412,672 | €421,727 | +€9,055 | +2.2% |
| Equity | 10/15 | €205,526 | €261,070 | +€55,544 | +27.0% |
| Contributions | 10/11 | €10,500 | €10,500 | = | 0.0% |
| Reserves | 13 | €131,860 | €181,860 | +€50,000 | +37.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €130,000 | €180,000 | +€50,000 | +38.5% |
| Profit (loss) carried forward | 14 | €63,166 | €68,710 | +€5,544 | +8.8% |
| Amounts payable | 17/49 | €207,146 | €160,657 | -€46,489 | -22.4% |
| Amounts payable after more than one year | 17 | €64,787 | €35,024 | -€29,763 | -45.9% |
| Financial debts | 170/4 | €64,787 | €35,024 | -€29,763 | -45.9% |
| Amounts payable within one year | 42/48 | €134,103 | €121,704 | -€12,400 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €29,305 | €29,763 | +€458 | +1.6% |
| Trade debts | 44 | €49,850 | €28,749 | -€21,101 | -42.3% |
| Suppliers | 440/4 | €49,850 | €28,749 | -€21,101 | -42.3% |
| Taxes, remuneration and social security | 45 | €45,449 | €53,692 | +€8,243 | +18.1% |
| Taxes | 450/3 | €45,182 | €53,425 | +€8,243 | +18.2% |
| Remuneration and social security | 454/9 | €266 | €266 | = | 0.0% |
| Other amounts payable | 47/48 | €9,500 | €9,500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8,255 | €3,929 | -€4,326 | -52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,384 | €9,452 | +€4,067 | +75.5% |
| Other operating charges | 640/8 | €3,642 | €778 | -€2,864 | -78.6% |
| Gross operating margin | 9900 | €72,143 | €124,862 | +€52,718 | +73.1% |
| Operating profit (loss) | 9901 | €63,117 | €114,632 | +€51,515 | +81.6% |
| Financial income | 75/76B | €7,435 | €0 | -€7,435 | -100.0% |
| Recurring financial income | 75 | €4,005 | €0 | -€4,005 | -100.0% |
| Non-recurring financial income | 76B | €3,430 | - | -€3,430 | |
| Financial charges | 65/66B | €8,735 | €13,116 | +€4,381 | +50.1% |
| Recurring financial charges | 65 | €8,735 | €13,116 | +€4,381 | +50.1% |
| Profit (loss) for the period before taxes | 9903 | €61,817 | €101,516 | +€39,699 | +64.2% |
| Income taxes | 67/77 | €28,787 | €35,972 | +€7,185 | +25.0% |
| Profit (loss) for the period | 9904 | €33,030 | €65,544 | +€32,514 | +98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,030 | €65,544 | +€32,514 | +98.4% |
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 25 October 2026 via checked.be.