DAXperience: 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.
DAXperience
Largest movements
- Intangible fixed assets +€99,599
up €99,599 (+8640.8%), from €1,153 to €100,752
- Receivables within one year +€74,972
up €74,972 (+8.6%), from €871,027 to €945,999
of which Trade receivables: +€91,370
- Current investments +€55,000
new in 2025: €55,000
- Cash -€48,864
down €48,864 (-11.5%), from €424,022 to €375,157
mainly Investment in fixed assets (net) (-€109,572) and Receivables within one year (-€74,972)
- Deferred charges and accrued income +€16,340
up €16,340 (+33.9%), from €48,200 to €64,540
- Accrued charges and deferred income +€150,000
new in 2025: €150,000
- Tax, wage and social debts +€40,154
up €40,154 (+47.4%), from €84,736 to €124,890
of which Taxes: +€29,093
- Reserves +€25,386
up €25,386 (+3.9%), from €646,838 to €672,224
- Trade debts -€23,256
down €23,256 (-5.0%), from €468,249 to €444,993
- Gross operating margin +€18,936
up €18,936 (+1.8%), from €1.1m to €1.1m
- Staff costs +€15,645
up €15,645 (+1.6%), from €986,465 to €1.0m
- Write-downs +€15,270
new in 2025: €15,270
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 | €1,391,398 | €1,583,682 | +€192,284 | +13.8% |
| Fixed assets | 21/28 | €48,149 | €142,985 | +€94,836 | +197.0% |
| Intangible fixed assets | 21 | €1,153 | €100,752 | +€99,599 | +8640.8% |
| Tangible fixed assets | 22/27 | €26,997 | €22,234 | -€4,763 | -17.6% |
| Plant, machinery and equipment | 23 | €9,780 | €4,957 | -€4,823 | -49.3% |
| Furniture and vehicles | 24 | €17,217 | €17,277 | +€60 | +0.4% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €1,343,249 | €1,440,697 | +€97,448 | +7.3% |
| Amounts receivable within one year | 40/41 | €871,027 | €945,999 | +€74,972 | +8.6% |
| Trade receivables | 40 | €691,687 | €783,057 | +€91,370 | +13.2% |
| Other amounts receivable | 41 | €179,340 | €162,942 | -€16,398 | -9.1% |
| Current investments | 50/53 | - | €55,000 | +€55,000 | |
| Cash at bank and in hand | 54/58 | €424,022 | €375,157 | -€48,864 | -11.5% |
| Deferred charges and accrued income | 490/1 | €48,200 | €64,540 | +€16,340 | +33.9% |
| Total equity and liabilities | 10/49 | €1,391,398 | €1,583,682 | +€192,284 | +13.8% |
| Equity | 10/15 | €745,080 | €770,466 | +€25,386 | +3.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €646,838 | €672,224 | +€25,386 | +3.9% |
| Distributable reserves | 133 | €646,838 | €672,224 | +€25,386 | +3.9% |
| Profit (loss) carried forward | 14 | €92,041 | €92,041 | = | 0.0% |
| Amounts payable | 17/49 | €646,319 | €813,217 | +€166,898 | +25.8% |
| Amounts payable after more than one year | 17 | €60,000 | €60,000 | = | 0.0% |
| Other amounts payable | 178/9 | €60,000 | €60,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €586,319 | €603,217 | +€16,898 | +2.9% |
| Financial debts | 43 | €33,333 | €33,333 | +€0 | 0.0% |
| Credit institutions | 430/8 | €33,333 | €33,333 | +€0 | 0.0% |
| Trade debts | 44 | €468,249 | €444,993 | -€23,256 | -5.0% |
| Suppliers | 440/4 | €468,249 | €444,993 | -€23,256 | -5.0% |
| Taxes, remuneration and social security | 45 | €84,736 | €124,890 | +€40,154 | +47.4% |
| Taxes | 450/3 | €0 | €29,093 | +€29,093 | |
| Remuneration and social security | 454/9 | €84,736 | €95,796 | +€11,061 | +13.1% |
| Accrued charges and deferred income | 492/3 | - | €150,000 | +€150,000 | |
| Non-recurring operating income | 76A | €34,700 | €18,493 | -€16,207 | -46.7% |
| Remuneration, social security and pensions | 62 | €986,465 | €1,002,110 | +€15,645 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,451 | €14,736 | -€3,715 | -20.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,270 | +€15,270 | |
| Other operating charges | 640/8 | €7,574 | €4,884 | -€2,690 | -35.5% |
| Gross operating margin | 9900 | €1,071,364 | €1,090,300 | +€18,936 | +1.8% |
| Operating profit (loss) | 9901 | €58,874 | €53,299 | -€5,575 | -9.5% |
| Financial income | 75/76B | €743 | €8 | -€736 | -98.9% |
| Recurring financial income | 75 | €743 | €8 | -€736 | -98.9% |
| Financial charges | 65/66B | €5,412 | €4,655 | -€757 | -14.0% |
| Recurring financial charges | 65 | €5,412 | €4,655 | -€757 | -14.0% |
| Profit (loss) for the period before taxes | 9903 | €54,205 | €48,652 | -€5,554 | -10.2% |
| Income taxes | 67/77 | €25,062 | €23,266 | -€1,796 | -7.2% |
| Profit (loss) for the period | 9904 | €29,143 | €25,386 | -€3,757 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €29,143 | €25,386 | -€3,757 | -12.9% |
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 10 October 2026 via checked.be.