DAVID STRONG: 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 STRONG
Largest movements
- Cash -€18,222
down €18,222 (-88.0%), from €20,710 to €2,487
mainly Net result for the year (-€7,150) and Debts after one year (-€6,951)
- Receivables within one year +€946
up €946 (+7.1%), from €13,235 to €14,180
of which Trade receivables: +€669
- Deferred charges and accrued income +€607
new in 2025: €607
- Profit (loss) carried forward -€7,150
down €7,150, from €759 to -€6,392
- Debts after one year -€6,951
down €6,951 (-31.2%), from €22,271 to €15,319
- Trade debts -€2,243
down €2,243 (-70.2%), from €3,195 to €952
- Tax, wage and social debts -€1,492
down €1,492 (-57.2%), from €2,609 to €1,117
- Other debts +€1,328
new in 2025: €1,328
- Gross operating margin -€6,643
down €6,643, from €4,329 to -€2,314
- Financial charges +€1,150
up €1,150 (+88.9%), from €1,293 to €2,444
- Other operating charges +€230
up €230 (+59.3%), from €387 to €617
- Depreciation -€211
down €211 (-11.3%), from €1,870 to €1,659
- Taxes +€97
up €97 (+516.2%), from €19 to €116
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 | €44,681 | €28,302 | -€16,379 | -36.7% |
| Fixed assets | 21/28 | €10,737 | €11,027 | +€291 | +2.7% |
| Tangible fixed assets | 22/27 | €10,737 | €11,027 | +€291 | +2.7% |
| Furniture and vehicles | 24 | €3,601 | €3,224 | -€377 | -10.5% |
| Other tangible fixed assets | 26 | €7,136 | €7,803 | +€667 | +9.4% |
| Current assets | 29/58 | €33,944 | €17,274 | -€16,670 | -49.1% |
| Amounts receivable within one year | 40/41 | €13,235 | €14,180 | +€946 | +7.1% |
| Trade receivables | 40 | €13,235 | €13,904 | +€669 | +5.1% |
| Other amounts receivable | 41 | - | €276 | +€276 | |
| Cash at bank and in hand | 54/58 | €20,710 | €2,487 | -€18,222 | -88.0% |
| Deferred charges and accrued income | 490/1 | - | €607 | +€607 | |
| Total equity and liabilities | 10/49 | €44,681 | €28,302 | -€16,379 | -36.7% |
| Equity | 10/15 | €8,759 | €1,608 | -€7,150 | -81.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €759 | -€6,392 | -€7,150 | |
| Amounts payable | 17/49 | €35,922 | €26,693 | -€9,229 | -25.7% |
| Amounts payable after more than one year | 17 | €22,271 | €15,319 | -€6,951 | -31.2% |
| Financial debts | 170/4 | €22,271 | €15,319 | -€6,951 | -31.2% |
| Amounts payable within one year | 42/48 | €13,651 | €11,374 | -€2,277 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €7,847 | €6,951 | -€896 | -11.4% |
| Financial debts | 43 | - | €1,026 | +€1,026 | |
| Credit institutions | 430/8 | - | €1,026 | +€1,026 | |
| Trade debts | 44 | €3,195 | €952 | -€2,243 | -70.2% |
| Suppliers | 440/4 | €3,195 | €952 | -€2,243 | -70.2% |
| Taxes, remuneration and social security | 45 | €2,609 | €1,117 | -€1,492 | -57.2% |
| Taxes | 450/3 | €2,609 | €1,117 | -€1,492 | -57.2% |
| Other amounts payable | 47/48 | - | €1,328 | +€1,328 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,870 | €1,659 | -€211 | -11.3% |
| Other operating charges | 640/8 | €387 | €617 | +€230 | +59.3% |
| Gross operating margin | 9900 | €4,329 | -€2,314 | -€6,643 | |
| Operating profit (loss) | 9901 | €2,071 | -€4,591 | -€6,662 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -95.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -95.2% |
| Financial charges | 65/66B | €1,293 | €2,444 | +€1,150 | +88.9% |
| Recurring financial charges | 65 | €1,293 | €2,444 | +€1,150 | +88.9% |
| Profit (loss) for the period before taxes | 9903 | €778 | -€7,034 | -€7,812 | |
| Income taxes | 67/77 | €19 | €116 | +€97 | +516.2% |
| Profit (loss) for the period | 9904 | €759 | -€7,150 | -€7,909 | |
| Profit (loss) for the period to be appropriated | 9905 | €759 | -€7,150 | -€7,909 |
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.