D6: 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.
D6
Largest movements
- Receivables within one year +€213,219
up €213,219 (+25.6%), from €833,884 to €1.0m
of which Trade receivables: +€186,958
- Cash -€151,640
down €151,640 (-43.3%), from €350,504 to €198,865
mainly Receivables within one year (-€213,219) and Tax, wage and social debts (-€66,638)
- Stocks and contracts +€34,895
up €34,895 (+88.8%), from €39,282 to €74,177
- Trade debts +€108,852
up €108,852 (+19.2%), from €568,412 to €677,264
- Tax, wage and social debts -€66,638
down €66,638 (-40.4%), from €164,940 to €98,302
of which Remuneration and social security: -€51,260
- Other debts +€29,470
up €29,470 (+143.5%), from €20,538 to €50,008
- Profit (loss) carried forward +€18,373
up €18,373 (+5.1%), from €360,850 to €379,222
- Staff costs -€71,496
down €71,496 (-8.4%), from €855,433 to €783,937
- Gross operating margin -€17,541
down €17,541 (-1.9%), from €924,099 to €906,558
- Financial income -€14,122
down €14,122 (-87.6%), from €16,122 to €2,000
- Taxes +€13,510
up €13,510 (+91.8%), from €14,713 to €28,222
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 | €1,377,744 | €1,458,456 | +€80,712 | +5.9% |
| Fixed assets | 21/28 | €131,551 | €121,120 | -€10,431 | -7.9% |
| Intangible fixed assets | 21 | €9,530 | €7,530 | -€2,000 | -21.0% |
| Tangible fixed assets | 22/27 | €122,021 | €113,590 | -€8,431 | -6.9% |
| Furniture and vehicles | 24 | €3,421 | €9,173 | +€5,751 | +168.1% |
| Other tangible fixed assets | 26 | €118,600 | €104,418 | -€14,182 | -12.0% |
| Current assets | 29/58 | €1,246,192 | €1,337,335 | +€91,143 | +7.3% |
| Amounts receivable after more than one year | 29 | €11,271 | €8,600 | -€2,671 | -23.7% |
| Other amounts receivable | 291 | €11,271 | €8,600 | -€2,671 | -23.7% |
| Stocks and contracts in progress | 3 | €39,282 | €74,177 | +€34,895 | +88.8% |
| Stocks | 30/36 | €39,282 | €74,177 | +€34,895 | +88.8% |
| Amounts receivable within one year | 40/41 | €833,884 | €1,047,103 | +€213,219 | +25.6% |
| Trade receivables | 40 | €786,851 | €973,808 | +€186,958 | +23.8% |
| Other amounts receivable | 41 | €47,033 | €73,295 | +€26,261 | +55.8% |
| Cash at bank and in hand | 54/58 | €350,504 | €198,865 | -€151,640 | -43.3% |
| Deferred charges and accrued income | 490/1 | €11,251 | €8,591 | -€2,660 | -23.6% |
| Total equity and liabilities | 10/49 | €1,377,744 | €1,458,456 | +€80,712 | +5.9% |
| Equity | 10/15 | €494,610 | €512,982 | +€18,373 | +3.7% |
| Contributions | 10/11 | €121,600 | €121,600 | = | 0.0% |
| Reserves | 13 | €12,160 | €12,160 | = | 0.0% |
| Distributable reserves | 133 | €12,160 | €12,160 | = | 0.0% |
| Profit (loss) carried forward | 14 | €360,850 | €379,222 | +€18,373 | +5.1% |
| Amounts payable | 17/49 | €883,134 | €945,473 | +€62,339 | +7.1% |
| Amounts payable after more than one year | 17 | €20,446 | €17,495 | -€2,951 | -14.4% |
| Financial debts | 170/4 | €20,446 | €17,495 | -€2,951 | -14.4% |
| Amounts payable within one year | 42/48 | €862,688 | €927,979 | +€65,290 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €8,244 | €2,951 | -€5,293 | -64.2% |
| Financial debts | 43 | €100,555 | €99,454 | -€1,102 | -1.1% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €100,555 | €99,454 | -€1,102 | -1.1% |
| Trade debts | 44 | €568,412 | €677,264 | +€108,852 | +19.2% |
| Suppliers | 440/4 | €568,412 | €677,264 | +€108,852 | +19.2% |
| Taxes, remuneration and social security | 45 | €164,940 | €98,302 | -€66,638 | -40.4% |
| Taxes | 450/3 | €15,753 | €375 | -€15,378 | -97.6% |
| Remuneration and social security | 454/9 | €149,187 | €97,927 | -€51,260 | -34.4% |
| Other amounts payable | 47/48 | €20,538 | €50,008 | +€29,470 | +143.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €855,433 | €783,937 | -€71,496 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,137 | €20,151 | -€2,986 | -12.9% |
| Other operating charges | 640/8 | €2,587 | €2,100 | -€487 | -18.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €924,099 | €906,558 | -€17,541 | -1.9% |
| Operating profit (loss) | 9901 | €42,943 | €100,371 | +€57,428 | +133.7% |
| Financial income | 75/76B | €16,122 | €2,000 | -€14,122 | -87.6% |
| Recurring financial income | 75 | €16,122 | €2,000 | -€14,122 | -87.6% |
| Financial charges | 65/66B | €9,060 | €5,767 | -€3,293 | -36.3% |
| Recurring financial charges | 65 | €9,060 | €5,767 | -€3,293 | -36.3% |
| Profit (loss) for the period before taxes | 9903 | €50,005 | €96,603 | +€46,598 | +93.2% |
| Income taxes | 67/77 | €14,713 | €28,222 | +€13,510 | +91.8% |
| Profit (loss) for the period | 9904 | €35,292 | €68,381 | +€33,089 | +93.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,292 | €68,381 | +€33,089 | +93.8% |
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 30 September 2026 via checked.be.