DAVID: 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.
DAVID
Largest movements
- Receivables within one year -€8,925
down €8,925 (-58.1%), from €15,363 to €6,438
of which Trade receivables: -€10,407
- Profit (loss) carried forward -€9,305
down €9,305 (-2.4%), from -€380,556 to -€389,861
- Other debts +€605
up €605 (+0.2%), from €360,930 to €361,535
- Staff costs -€17,940
down €17,940 (-100.0%), from €17,940 to €0
- Gross operating margin +€6,134
up €6,134 (+38.5%), from -€15,937 to -€9,803
- Financial charges -€1,628
down €1,628, from €131 to -€1,497
- Other operating charges +€611
up €611 (+157.8%), from €387 to €999
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 | €58,301 | €49,547 | -€8,753 | -15.0% |
| Fixed assets | 21/28 | €2,550 | €2,500 | -€50 | -2.0% |
| Intangible fixed assets | 21 | €2,500 | €2,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100.0% |
| Current assets | 29/58 | €55,751 | €47,047 | -€8,703 | -15.6% |
| Amounts receivable within one year | 40/41 | €15,363 | €6,438 | -€8,925 | -58.1% |
| Trade receivables | 40 | €12,060 | €1,653 | -€10,407 | -86.3% |
| Other amounts receivable | 41 | €3,303 | €4,785 | +€1,482 | +44.9% |
| Cash at bank and in hand | 54/58 | €40,388 | €40,609 | +€221 | +0.5% |
| Total equity and liabilities | 10/49 | €58,301 | €49,547 | -€8,753 | -15.0% |
| Equity | 10/15 | -€303,697 | -€313,002 | -€9,305 | -3.1% |
| Contributions | 10/11 | €76,859 | €76,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€380,556 | -€389,861 | -€9,305 | -2.4% |
| Amounts payable | 17/49 | €361,998 | €362,549 | +€552 | +0.2% |
| Amounts payable within one year | 42/48 | €361,998 | €362,549 | +€552 | +0.2% |
| Trade debts | 44 | €1,067 | €1,014 | -€54 | -5.0% |
| Suppliers | 440/4 | €1,067 | €1,014 | -€54 | -5.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €360,930 | €361,535 | +€605 | +0.2% |
| Remuneration, social security and pensions | 62 | €17,940 | €0 | -€17,940 | -100.0% |
| Other operating charges | 640/8 | €387 | €999 | +€611 | +157.8% |
| Gross operating margin | 9900 | -€15,937 | -€9,803 | +€6,134 | +38.5% |
| Operating profit (loss) | 9901 | -€34,265 | -€10,802 | +€23,463 | +68.5% |
| Financial charges | 65/66B | €131 | -€1,497 | -€1,628 | |
| Recurring financial charges | 65 | €131 | -€1,497 | -€1,628 | |
| Profit (loss) for the period before taxes | 9903 | -€34,396 | -€9,305 | +€25,091 | +72.9% |
| Profit (loss) for the period | 9904 | -€34,396 | -€9,305 | +€25,091 | +72.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,396 | -€9,305 | +€25,091 | +72.9% |
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 29 September 2026 via checked.be.