DATEX: 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.
DATEX
Largest movements
- Stocks and contracts +€187,993
up €187,993 (+208%), from €90,419 to €278,412
- Cash -€65,677
no longer reported in 2025 (was €65,677)
mainly Stocks and contracts (-€187,993) and Receivables within one year (-€27,272)
- Receivables within one year +€27,272
up €27,272 (+6.4%), from €425,817 to €453,089
of which Trade receivables: +€32,815
- Trade debts +€137,026
up €137,026 (+4,513%), from €3,036 to €140,062
- Short-term financial debts +€39,150
new in 2025: €39,150
- Reserves -€25,036
down €25,036 (-5.8%), from €430,057 to €405,020
of which Distributable reserves: -€25,036
- Other debts +€20,000
new in 2025: €20,000
- Current portion of long-term debt -€17,273
no longer reported in 2025 (was €17,273)
- Gross operating margin -€139,394
down €139,394 (-95.4%), from €146,100 to €6,706
- Taxes -€35,567
down €35,567 (-99.5%), from €35,751 to €184
- Financial charges +€8,567
up €8,567 (+46.9%), from €18,264 to €26,831
- Financial income +€3,001
up €3,001 (+11.7%), from €25,650 to €28,651
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 | €582,292 | €731,852 | +€149,560 | +25.7% |
| Current assets | 29/58 | €582,292 | €731,852 | +€149,560 | +25.7% |
| Stocks and contracts in progress | 3 | €90,419 | €278,412 | +€187,993 | +208% |
| Stocks | 30/36 | €90,419 | €278,412 | +€187,993 | +208% |
| Amounts receivable within one year | 40/41 | €425,817 | €453,089 | +€27,272 | +6.4% |
| Trade receivables | 40 | €69,395 | €102,210 | +€32,815 | +47.3% |
| Other amounts receivable | 41 | €356,422 | €350,880 | -€5,543 | -1.6% |
| Cash at bank and in hand | 54/58 | €65,677 | - | -€65,677 | |
| Deferred charges and accrued income | 490/1 | €379 | €351 | -€28 | -7.4% |
| Total equity and liabilities | 10/49 | €582,292 | €731,852 | +€149,560 | +25.7% |
| Equity | 10/15 | €515,704 | €490,668 | -€25,036 | -4.9% |
| Contributions | 10/11 | €85,647 | €85,647 | = | 0.0% |
| Reserves | 13 | €430,057 | €405,020 | -€25,036 | -5.8% |
| Non-distributable reserves | 130/1 | €10,300 | €10,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,300 | €10,300 | = | 0.0% |
| Distributable reserves | 133 | €419,757 | €394,720 | -€25,036 | -6.0% |
| Amounts payable | 17/49 | €66,587 | €241,184 | +€174,597 | +262% |
| Amounts payable within one year | 42/48 | €65,465 | €240,794 | +€175,328 | +268% |
| Current portion of amounts payable after more than one year | 42 | €17,273 | - | -€17,273 | |
| Financial debts | 43 | - | €39,150 | +€39,150 | |
| Credit institutions | 430/8 | - | €39,150 | +€39,150 | |
| Trade debts | 44 | €3,036 | €140,062 | +€137,026 | +4,513% |
| Suppliers | 440/4 | €3,036 | €140,062 | +€137,026 | +4,513% |
| Taxes, remuneration and social security | 45 | €45,156 | €41,581 | -€3,575 | -7.9% |
| Taxes | 450/3 | €39,781 | €35,931 | -€3,850 | -9.7% |
| Remuneration and social security | 454/9 | €5,375 | €5,650 | +€275 | +5.1% |
| Other amounts payable | 47/48 | - | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,122 | €390 | -€732 | -65.2% |
| Remuneration, social security and pensions | 62 | €32,800 | €33,128 | +€328 | +1.0% |
| Other operating charges | 640/8 | €723 | €251 | -€472 | -65.3% |
| Gross operating margin | 9900 | €146,100 | €6,706 | -€139,394 | -95.4% |
| Operating profit (loss) | 9901 | €112,577 | -€26,672 | -€139,250 | |
| Financial income | 75/76B | €25,650 | €28,651 | +€3,001 | +11.7% |
| Recurring financial income | 75 | €25,650 | €28,651 | +€3,001 | +11.7% |
| Financial charges | 65/66B | €18,264 | €26,831 | +€8,567 | +46.9% |
| Recurring financial charges | 65 | €18,264 | €26,831 | +€8,567 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €119,964 | -€24,852 | -€144,816 | |
| Income taxes | 67/77 | €35,751 | €184 | -€35,567 | -99.5% |
| Profit (loss) for the period | 9904 | €84,212 | -€25,036 | -€109,249 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,212 | -€25,036 | -€109,249 |
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 13 October 2026 via checked.be.