DANIEL - EMILIE - RITA: 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.
DANIEL - EMILIE - RITA
Largest movements
- Cash -€240,385
down €240,385 (-99.4%), from €241,899 to €1,514
mainly Investment in fixed assets (net) (-€237,388) and Net result for the year (-€78,265)
- Tangible fixed assets +€140,476
up €140,476 (+29.7%), from €472,525 to €613,001
of which Land and buildings: +€175,576
- Receivables within one year -€37,682
down €37,682 (-30.3%), from €124,514 to €86,832
of which Trade receivables: -€34,559
- Profit (loss) carried forward -€78,265
down €78,265 (-40.2%), from €194,558 to €116,293
- Debts after one year -€39,921
down €39,921 (-28.3%), from €141,010 to €101,089
- Tax, wage and social debts -€15,614
down €15,614 (-88.4%), from €17,663 to €2,049
of which Taxes: -€15,661
- Gross operating margin -€186,120
down €186,120 (-91.4%), from €203,578 to €17,458
- Write-downs +€120,388
no longer reported in 2025 (was -€120,388)
- Taxes -€78,547
down €78,547 (-98.7%), from €79,584 to €1,037
- Depreciation +€27,791
up €27,791 (+40.2%), from €69,121 to €96,913
- Staff costs -€17,187
down €17,187 (-82.9%), from €20,741 to €3,554
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 | €844,857 | €704,751 | -€140,107 | -16.6% |
| Fixed assets | 21/28 | €474,725 | €615,201 | +€140,476 | +29.6% |
| Tangible fixed assets | 22/27 | €472,525 | €613,001 | +€140,476 | +29.7% |
| Land and buildings | 22 | €366,585 | €542,161 | +€175,576 | +47.9% |
| Furniture and vehicles | 24 | €105,940 | €70,840 | -€35,100 | -33.1% |
| Financial fixed assets | 28 | €2,200 | €2,200 | = | 0.0% |
| Current assets | 29/58 | €370,132 | €89,550 | -€280,583 | -75.8% |
| Amounts receivable within one year | 40/41 | €124,514 | €86,832 | -€37,682 | -30.3% |
| Trade receivables | 40 | €34,559 | - | -€34,559 | |
| Other amounts receivable | 41 | €89,956 | €86,832 | -€3,124 | -3.5% |
| Cash at bank and in hand | 54/58 | €241,899 | €1,514 | -€240,385 | -99.4% |
| Deferred charges and accrued income | 490/1 | €3,719 | €1,204 | -€2,515 | -67.6% |
| Total equity and liabilities | 10/49 | €844,857 | €704,751 | -€140,107 | -16.6% |
| Equity | 10/15 | €636,236 | €557,971 | -€78,265 | -12.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €155,985 | €155,985 | = | 0.0% |
| Reserves | 13 | €223,693 | €223,693 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,972 | €17,972 | = | 0.0% |
| Legal reserve | 130 | €17,972 | €17,972 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €186,971 | €186,971 | = | 0.0% |
| Profit (loss) carried forward | 14 | €194,558 | €116,293 | -€78,265 | -40.2% |
| Amounts payable | 17/49 | €208,621 | €146,780 | -€61,842 | -29.6% |
| Amounts payable after more than one year | 17 | €141,010 | €101,089 | -€39,921 | -28.3% |
| Financial debts | 170/4 | €141,010 | €101,089 | -€39,921 | -28.3% |
| Amounts payable within one year | 42/48 | €64,604 | €44,926 | -€19,679 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €41,087 | €39,921 | -€1,166 | -2.8% |
| Trade debts | 44 | €5,854 | €2,926 | -€2,928 | -50.0% |
| Suppliers | 440/4 | €5,854 | €2,926 | -€2,928 | -50.0% |
| Taxes, remuneration and social security | 45 | €17,663 | €2,049 | -€15,614 | -88.4% |
| Taxes | 450/3 | €17,663 | €2,001 | -€15,661 | -88.7% |
| Remuneration and social security | 454/9 | - | €47 | +€47 | |
| Other amounts payable | 47/48 | - | €30 | +€30 | |
| Accrued charges and deferred income | 492/3 | €3,007 | €765 | -€2,242 | -74.6% |
| Non-recurring operating income | 76A | €21,341 | €36,687 | +€15,346 | +71.9% |
| Remuneration, social security and pensions | 62 | €20,741 | €3,554 | -€17,187 | -82.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,121 | €96,913 | +€27,791 | +40.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€120,388 | - | +€120,388 | |
| Other operating charges | 640/8 | €7,017 | €4,265 | -€2,752 | -39.2% |
| Non-recurring operating charges | 66A | €2,025 | - | -€2,025 | |
| Gross operating margin | 9900 | €203,578 | €17,458 | -€186,120 | -91.4% |
| Operating profit (loss) | 9901 | €225,062 | -€87,273 | -€312,335 | |
| Financial income | 75/76B | €3,778 | €17,809 | +€14,031 | +371% |
| Recurring financial income | 75 | €3,778 | €4,520 | +€741 | +19.6% |
| Non-recurring financial income | 76B | - | €13,289 | +€13,289 | |
| Financial charges | 65/66B | €9,132 | €7,764 | -€1,368 | -15.0% |
| Recurring financial charges | 65 | €9,132 | €7,764 | -€1,368 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €219,708 | -€77,228 | -€296,936 | |
| Income taxes | 67/77 | €79,584 | €1,037 | -€78,547 | -98.7% |
| Profit (loss) for the period | 9904 | €140,124 | -€78,265 | -€218,389 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,124 | -€78,265 | -€218,389 |
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 23 October 2026 via checked.be.