DAVE IGOR: 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.
DAVE IGOR
Largest movements
- Tangible fixed assets -€14,086
down €14,086 (-44.0%), from €32,043 to €17,957
- Receivables within one year -€11,114
down €11,114 (-88.9%), from €12,504 to €1,390
of which Other amounts receivable: -€5,881
- Stocks and contracts -€8,000
no longer reported in 2025 (was €8,000)
- Cash -€2,030
down €2,030 (-9.0%), from €22,624 to €20,594
mainly Net result for the year (-€16,478) and Trade debts (-€13,903)
- Profit (loss) carried forward -€16,478
down €16,478, from €14,812 to -€1,666
- Trade debts -€13,903
down €13,903 (-44.5%), from €31,253 to €17,350
- Other debts -€7,151
down €7,151 (-35.0%), from €20,409 to €13,259
- Tax, wage and social debts +€2,108
up €2,108 (+34.3%), from €6,142 to €8,250
of which Taxes: +€2,108
- Gross operating margin -€31,545
down €31,545, from €29,772 to -€1,772
- Taxes -€4,142
no longer reported in 2025 (was €4,142)
- Depreciation +€3,871
up €3,871 (+37.9%), from €10,214 to €14,086
- Financial income +€298
up €298 (+1853.3%), from €16 to €314
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 | €75,616 | €40,192 | -€35,424 | -46.8% |
| Fixed assets | 21/28 | €32,043 | €17,957 | -€14,086 | -44.0% |
| Tangible fixed assets | 22/27 | €32,043 | €17,957 | -€14,086 | -44.0% |
| Furniture and vehicles | 24 | €32,043 | €17,957 | -€14,086 | -44.0% |
| Current assets | 29/58 | €43,573 | €22,235 | -€21,338 | -49.0% |
| Stocks and contracts in progress | 3 | €8,000 | - | -€8,000 | |
| Stocks | 30/36 | €8,000 | - | -€8,000 | |
| Amounts receivable within one year | 40/41 | €12,504 | €1,390 | -€11,114 | -88.9% |
| Trade receivables | 40 | €6,623 | €1,390 | -€5,232 | -79.0% |
| Other amounts receivable | 41 | €5,881 | - | -€5,881 | |
| Cash at bank and in hand | 54/58 | €22,624 | €20,594 | -€2,030 | -9.0% |
| Deferred charges and accrued income | 490/1 | €446 | €251 | -€195 | -43.7% |
| Total equity and liabilities | 10/49 | €75,616 | €40,192 | -€35,424 | -46.8% |
| Equity | 10/15 | €17,812 | €1,334 | -€16,478 | -92.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,812 | -€1,666 | -€16,478 | |
| Amounts payable | 17/49 | €57,804 | €38,858 | -€18,946 | -32.8% |
| Amounts payable within one year | 42/48 | €57,804 | €38,858 | -€18,946 | -32.8% |
| Trade debts | 44 | €31,253 | €17,350 | -€13,903 | -44.5% |
| Suppliers | 440/4 | €31,253 | €17,350 | -€13,903 | -44.5% |
| Taxes, remuneration and social security | 45 | €6,142 | €8,250 | +€2,108 | +34.3% |
| Taxes | 450/3 | €4,142 | €6,250 | +€2,108 | +50.9% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €20,409 | €13,259 | -€7,151 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,214 | €14,086 | +€3,871 | +37.9% |
| Other operating charges | 640/8 | €536 | €778 | +€242 | +45.2% |
| Gross operating margin | 9900 | €29,772 | -€1,772 | -€31,545 | |
| Operating profit (loss) | 9901 | €19,022 | -€16,636 | -€35,658 | |
| Financial income | 75/76B | €16 | €314 | +€298 | +1853.3% |
| Recurring financial income | 75 | €16 | €314 | +€298 | +1853.3% |
| Financial charges | 65/66B | €84 | €156 | +€72 | +86.3% |
| Recurring financial charges | 65 | €84 | €156 | +€72 | +86.3% |
| Profit (loss) for the period before taxes | 9903 | €18,954 | -€16,478 | -€35,432 | |
| Income taxes | 67/77 | €4,142 | - | -€4,142 | |
| Profit (loss) for the period | 9904 | €14,812 | -€16,478 | -€31,291 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,812 | -€16,478 | -€31,291 |
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 12 October 2026 via checked.be.