DARK LIGHT: 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.
DARK LIGHT
Largest movements
- Receivables within one year +€368,684
up €368,684 (+69.8%), from €527,949 to €896,633
of which Trade receivables: +€353,554
- Tangible fixed assets -€36,175
down €36,175 (-65.8%), from €54,988 to €18,813
of which Furniture and vehicles: -€36,929
- Cash +€36,124
up €36,124 (+37.5%), from €96,297 to €132,421
mainly Trade debts (+€297,178) and Net result for the year (+€65,952)
- Trade debts +€297,178
up €297,178 (+69.0%), from €430,731 to €727,909
- Reserves +€65,952
up €65,952 (+393.3%), from €16,770 to €82,722
- Tax, wage and social debts +€36,786
up €36,786 (+101.6%), from €36,190 to €72,975
of which Taxes: +€37,495
- Debts after one year -€26,160
down €26,160 (-35.2%), from €74,302 to €48,141
of which Other amounts payable: -€14,607
- Staff costs -€54,585
down €54,585 (-22.6%), from €241,647 to €187,062
- Gross operating margin +€38,337
up €38,337 (+14.2%), from €270,484 to €308,822
- Taxes +€19,759
up €19,759 (+280.5%), from €7,043 to €26,802
- Financial charges +€3,759
up €3,759 (+36.9%), from €10,187 to €13,946
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 | €696,672 | €1,064,269 | +€367,596 | +52.8% |
| Fixed assets | 21/28 | €59,838 | €22,044 | -€37,795 | -63.2% |
| Intangible fixed assets | 21 | €2,947 | €1,327 | -€1,620 | -55.0% |
| Tangible fixed assets | 22/27 | €54,988 | €18,813 | -€36,175 | -65.8% |
| Furniture and vehicles | 24 | €48,778 | €11,849 | -€36,929 | -75.7% |
| Other tangible fixed assets | 26 | €6,210 | €6,964 | +€754 | +12.1% |
| Financial fixed assets | 28 | €1,903 | €1,903 | = | 0.0% |
| Current assets | 29/58 | €636,834 | €1,042,225 | +€405,391 | +63.7% |
| Amounts receivable within one year | 40/41 | €527,949 | €896,633 | +€368,684 | +69.8% |
| Trade receivables | 40 | €512,537 | €866,091 | +€353,554 | +69.0% |
| Other amounts receivable | 41 | €15,412 | €30,542 | +€15,130 | +98.2% |
| Cash at bank and in hand | 54/58 | €96,297 | €132,421 | +€36,124 | +37.5% |
| Deferred charges and accrued income | 490/1 | €12,588 | €13,172 | +€584 | +4.6% |
| Total equity and liabilities | 10/49 | €696,672 | €1,064,269 | +€367,596 | +52.8% |
| Equity | 10/15 | €110,130 | €176,082 | +€65,952 | +59.9% |
| Contributions | 10/11 | €93,360 | €93,360 | = | 0.0% |
| Reserves | 13 | €16,770 | €82,722 | +€65,952 | +393.3% |
| Distributable reserves | 133 | €16,770 | €82,722 | +€65,952 | +393.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €586,542 | €888,187 | +€301,644 | +51.4% |
| Amounts payable after more than one year | 17 | €74,302 | €48,141 | -€26,160 | -35.2% |
| Financial debts | 170/4 | €24,932 | €13,379 | -€11,553 | -46.3% |
| Other amounts payable | 178/9 | €49,370 | €34,763 | -€14,607 | -29.6% |
| Amounts payable within one year | 42/48 | €512,240 | €840,045 | +€327,805 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €22,008 | €26,160 | +€4,153 | +18.9% |
| Financial debts | 43 | €21,381 | €13,000 | -€8,381 | -39.2% |
| Credit institutions | 430/8 | €21,381 | €13,000 | -€8,381 | -39.2% |
| Trade debts | 44 | €430,731 | €727,909 | +€297,178 | +69.0% |
| Suppliers | 440/4 | €430,731 | €727,909 | +€297,178 | +69.0% |
| Taxes, remuneration and social security | 45 | €36,190 | €72,975 | +€36,786 | +101.6% |
| Taxes | 450/3 | €15,440 | €52,935 | +€37,495 | +242.8% |
| Remuneration and social security | 454/9 | €20,750 | €20,040 | -€709 | -3.4% |
| Other amounts payable | 47/48 | €1,931 | €0 | -€1,931 | -100.0% |
| Remuneration, social security and pensions | 62 | €241,647 | €187,062 | -€54,585 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,803 | €10,639 | -€2,164 | -16.9% |
| Other operating charges | 640/8 | €1,070 | €2,085 | +€1,014 | +94.8% |
| Non-recurring operating charges | 66A | - | €2,436 | +€2,436 | |
| Gross operating margin | 9900 | €270,484 | €308,822 | +€38,337 | +14.2% |
| Operating profit (loss) | 9901 | €14,963 | €106,599 | +€91,636 | +612.4% |
| Financial income | 75/76B | €107 | €101 | -€6 | -5.6% |
| Recurring financial income | 75 | €107 | €101 | -€6 | -5.6% |
| Financial charges | 65/66B | €10,187 | €13,946 | +€3,759 | +36.9% |
| Recurring financial charges | 65 | €10,187 | €13,946 | +€3,759 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €4,883 | €92,754 | +€87,871 | +1799.6% |
| Income taxes | 67/77 | €7,043 | €26,802 | +€19,759 | +280.5% |
| Profit (loss) for the period | 9904 | -€2,161 | €65,952 | +€68,112 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,161 | €65,952 | +€68,112 |
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 7 October 2026 via checked.be.