D2P: 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.
D2P
Largest movements
- Receivables within one year +€18,170
up €18,170 (+96.4%), from €18,840 to €37,010
of which Trade receivables: +€15,843
- Cash -€15,558
down €15,558 (-22.6%), from €68,976 to €53,419
mainly Contributions, distributions and other (-€40,319) and Receivables within one year (-€18,170)
- Other debts +€40,267
up €40,267 (+77436.6%), from €52 to €40,319
- Reserves -€21,845
down €21,845 (-34.7%), from €62,987 to €41,142
- Trade debts -€7,036
down €7,036 (-56.2%), from €12,520 to €5,484
- Debts after one year -€5,326
down €5,326 (-92.2%), from €5,776 to €449
- Tax, wage and social debts -€4,517
down €4,517 (-38.2%), from €11,837 to €7,320
- Gross operating margin -€3,031
down €3,031 (-8.9%), from €34,200 to €31,169
- Taxes -€2,775
down €2,775 (-33.5%), from €8,283 to €5,509
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.
Cash bridge derived
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 | €99,384 | €101,040 | +€1,656 | +1.7% |
| Fixed assets | 21/28 | €11,568 | €10,611 | -€957 | -8.3% |
| Tangible fixed assets | 22/27 | €11,568 | €10,611 | -€957 | -8.3% |
| Furniture and vehicles | 24 | €11,568 | €10,611 | -€957 | -8.3% |
| Current assets | 29/58 | €87,816 | €90,429 | +€2,613 | +3.0% |
| Amounts receivable within one year | 40/41 | €18,840 | €37,010 | +€18,170 | +96.4% |
| Trade receivables | 40 | €18,840 | €34,683 | +€15,843 | +84.1% |
| Other amounts receivable | 41 | - | €2,327 | +€2,327 | |
| Cash at bank and in hand | 54/58 | €68,976 | €53,419 | -€15,558 | -22.6% |
| Total equity and liabilities | 10/49 | €99,384 | €101,040 | +€1,656 | +1.7% |
| Equity | 10/15 | €63,987 | €42,142 | -€21,845 | -34.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Capital | 10 | €1,000 | - | -€1,000 | |
| Issued capital | 100 | €1,000 | - | -€1,000 | |
| Reserves | 13 | €62,987 | €41,142 | -€21,845 | -34.7% |
| Distributable reserves | 133 | €62,987 | €41,142 | -€21,845 | -34.7% |
| Amounts payable | 17/49 | €35,397 | €58,898 | +€23,501 | +66.4% |
| Amounts payable after more than one year | 17 | €5,776 | €449 | -€5,326 | -92.2% |
| Financial debts | 170/4 | €5,776 | €449 | -€5,326 | -92.2% |
| Amounts payable within one year | 42/48 | €29,622 | €58,449 | +€28,827 | +97.3% |
| Current portion of amounts payable after more than one year | 42 | €5,213 | €5,326 | +€113 | +2.2% |
| Trade debts | 44 | €12,520 | €5,484 | -€7,036 | -56.2% |
| Suppliers | 440/4 | €12,520 | €5,484 | -€7,036 | -56.2% |
| Taxes, remuneration and social security | 45 | €11,837 | €7,320 | -€4,517 | -38.2% |
| Taxes | 450/3 | €11,837 | €7,320 | -€4,517 | -38.2% |
| Other amounts payable | 47/48 | €52 | €40,319 | +€40,267 | +77436.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,157 | €6,479 | +€321 | +5.2% |
| Other operating charges | 640/8 | €394 | €471 | +€77 | +19.4% |
| Gross operating margin | 9900 | €34,200 | €31,169 | -€3,031 | -8.9% |
| Operating profit (loss) | 9901 | €27,648 | €24,219 | -€3,429 | -12.4% |
| Financial charges | 65/66B | €341 | €236 | -€104 | -30.6% |
| Recurring financial charges | 65 | €341 | €236 | -€104 | -30.6% |
| Profit (loss) for the period before taxes | 9903 | €27,307 | €23,983 | -€3,325 | -12.2% |
| Income taxes | 67/77 | €8,283 | €5,509 | -€2,775 | -33.5% |
| Profit (loss) for the period | 9904 | €19,024 | €18,474 | -€550 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,024 | €18,474 | -€550 | -2.9% |
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 9 October 2026 via checked.be.