DAS grond: 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.
DAS grond
Largest movements
- Stocks and contracts +€362,064
up €362,064 (+120.1%), from €301,556 to €663,621
- Receivables within one year -€66,033
down €66,033 (-100.0%), from €66,033 to €0
- Cash +€43,016
up €43,016 (+291.7%), from €14,745 to €57,761
mainly Current portion of long-term debt (+€350,000) and Other debts (+€89,717)
- Current portion of long-term debt +€350,000
new in 2025: €350,000
- Profit (loss) carried forward -€99,878
down €99,878, from €84,439 to -€15,440
- Other debts +€89,717
up €89,717 (+36.6%), from €245,169 to €334,885
- Gross operating margin -€17,401
down €17,401, from €13,186 to -€4,215
- Financial charges -€4,835
down €4,835 (-31.2%), from €15,509 to €10,675
- Other operating charges -€330
down €330 (-37.5%), from €880 to €550
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 | €382,334 | €721,382 | +€339,048 | +88.7% |
| Current assets | 29/58 | €382,334 | €721,382 | +€339,048 | +88.7% |
| Stocks and contracts in progress | 3 | €301,556 | €663,621 | +€362,064 | +120.1% |
| Stocks | 30/36 | €301,556 | €663,621 | +€362,064 | +120.1% |
| Amounts receivable within one year | 40/41 | €66,033 | €0 | -€66,033 | -100.0% |
| Trade receivables | 40 | €66,033 | €0 | -€66,033 | -100.0% |
| Cash at bank and in hand | 54/58 | €14,745 | €57,761 | +€43,016 | +291.7% |
| Total equity and liabilities | 10/49 | €382,334 | €721,382 | +€339,048 | +88.7% |
| Equity | 10/15 | €134,439 | €34,560 | -€99,878 | -74.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,439 | -€15,440 | -€99,878 | |
| Amounts payable | 17/49 | €247,895 | €686,821 | +€438,926 | +177.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €245,169 | €685,338 | +€440,169 | +179.5% |
| Current portion of amounts payable after more than one year | 42 | - | €350,000 | +€350,000 | |
| Trade debts | 44 | - | €453 | +€453 | |
| Suppliers | 440/4 | - | €453 | +€453 | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €245,169 | €334,885 | +€89,717 | +36.6% |
| Accrued charges and deferred income | 492/3 | €2,727 | €1,484 | -€1,243 | -45.6% |
| Other operating charges | 640/8 | €880 | €550 | -€330 | -37.5% |
| Gross operating margin | 9900 | €13,186 | -€4,215 | -€17,401 | |
| Operating profit (loss) | 9901 | €12,306 | -€4,765 | -€17,071 | |
| Financial charges | 65/66B | €15,509 | €10,675 | -€4,835 | -31.2% |
| Recurring financial charges | 65 | €15,509 | €10,675 | -€4,835 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,203 | -€15,440 | -€12,236 | -382.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,203 | -€15,440 | -€12,236 | -382.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,203 | -€15,440 | -€12,236 | -382.0% |
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 7 October 2026 via checked.be.