D4Y.BE: what changed
Two fiscal 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.
D4Y.BE
Largest movements
- Cash +€25,623
up €25,623 (+224.4%), from €11,418 to €37,041
mainly Depreciation (+€35,898) and Trade debts (+€27,573)
- Tangible fixed assets -€17,818
down €17,818 (-3.1%), from €584,136 to €566,318
of which Land and buildings: -€17,763
- Intangible fixed assets -€10,000
down €10,000 (-36.4%), from €27,500 to €17,500
- Stocks and contracts +€8,539
up €8,539 (+18.2%), from €46,899 to €55,437
- Debts after one year -€46,637
down €46,637 (-8.6%), from €543,317 to €496,680
- Trade debts +€27,573
up €27,573 (+155.0%), from €17,793 to €45,366
- Profit (loss) carried forward +€21,715
up €21,715 (+234.0%), from €9,278 to €30,993
- Gross operating margin +€24,396
up €24,396 (+16.1%), from €151,883 to €176,278
- Taxes +€7,227
up €7,227 (+3385.6%), from €213 to €7,441
- Staff costs +€2,559
up €2,559 (+3.0%), from €86,566 to €89,125
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 | €684,570 | €688,200 | +€3,629 | +0.5% |
| Formation expenses | 20 | €748 | €542 | -€206 | -27.5% |
| Fixed assets | 21/28 | €611,852 | €584,034 | -€27,818 | -4.5% |
| Intangible fixed assets | 21 | €27,500 | €17,500 | -€10,000 | -36.4% |
| Tangible fixed assets | 22/27 | €584,136 | €566,318 | -€17,818 | -3.1% |
| Land and buildings | 22 | €532,286 | €514,523 | -€17,763 | -3.3% |
| Plant, machinery and equipment | 23 | €43,425 | €43,392 | -€33 | -0.1% |
| Furniture and vehicles | 24 | €8,425 | €8,403 | -€22 | -0.3% |
| Financial fixed assets | 28 | €216 | €216 | = | 0.0% |
| Current assets | 29/58 | €71,970 | €103,623 | +€31,653 | +44.0% |
| Stocks and contracts in progress | 3 | €46,899 | €55,437 | +€8,539 | +18.2% |
| Stocks | 30/36 | €46,899 | €55,437 | +€8,539 | +18.2% |
| Amounts receivable within one year | 40/41 | €11,637 | €9,074 | -€2,563 | -22.0% |
| Trade receivables | 40 | €11,510 | €8,946 | -€2,563 | -22.3% |
| Other amounts receivable | 41 | €128 | €128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,418 | €37,041 | +€25,623 | +224.4% |
| Deferred charges and accrued income | 490/1 | €2,016 | €2,071 | +€55 | +2.7% |
| Total equity and liabilities | 10/49 | €684,570 | €688,200 | +€3,629 | +0.5% |
| Equity | 10/15 | €53,979 | €75,694 | +€21,715 | +40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €38,501 | €38,501 | = | 0.0% |
| Non-distributable reserves | 130/1 | €451 | €451 | = | 0.0% |
| Reserves not available under the articles | 1311 | €451 | €451 | = | 0.0% |
| Distributable reserves | 133 | €38,050 | €38,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,278 | €30,993 | +€21,715 | +234.0% |
| Amounts payable | 17/49 | €630,591 | €612,506 | -€18,086 | -2.9% |
| Amounts payable after more than one year | 17 | €543,317 | €496,680 | -€46,637 | -8.6% |
| Financial debts | 170/4 | €543,317 | €496,680 | -€46,637 | -8.6% |
| Amounts payable within one year | 42/48 | €82,010 | €110,672 | +€28,661 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €35,841 | €36,637 | +€796 | +2.2% |
| Trade debts | 44 | €17,793 | €45,366 | +€27,573 | +155.0% |
| Suppliers | 440/4 | €17,793 | €45,366 | +€27,573 | +155.0% |
| Advances received on contracts in progress | 46 | €3,515 | €1,907 | -€1,607 | -45.7% |
| Taxes, remuneration and social security | 45 | €24,147 | €25,832 | +€1,685 | +7.0% |
| Taxes | 450/3 | €9,977 | €15,563 | +€5,585 | +56.0% |
| Remuneration and social security | 454/9 | €14,170 | €10,269 | -€3,900 | -27.5% |
| Other amounts payable | 47/48 | €715 | €929 | +€214 | +30.0% |
| Accrued charges and deferred income | 492/3 | €5,264 | €5,154 | -€110 | -2.1% |
| Remuneration, social security and pensions | 62 | €86,566 | €89,125 | +€2,559 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,803 | €35,898 | +€96 | +0.3% |
| Other operating charges | 640/8 | €2,280 | €2,183 | -€97 | -4.3% |
| Gross operating margin | 9900 | €151,883 | €176,278 | +€24,396 | +16.1% |
| Operating profit (loss) | 9901 | €27,234 | €49,072 | +€21,838 | +80.2% |
| Financial income | 75/76B | €681 | €225 | -€456 | -67.0% |
| Recurring financial income | 75 | €681 | €225 | -€456 | -67.0% |
| Financial charges | 65/66B | €21,218 | €20,141 | -€1,077 | -5.1% |
| Recurring financial charges | 65 | €21,218 | €20,141 | -€1,077 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €6,696 | €29,156 | +€22,460 | +335.4% |
| Income taxes | 67/77 | €213 | €7,441 | +€7,227 | +3385.6% |
| Profit (loss) for the period | 9904 | €6,483 | €21,715 | +€15,232 | +235.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,483 | €21,715 | +€15,232 | +235.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.