DAZZLE: 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.
DAZZLE
Largest movements
- Receivables within one year +€99,629
up €99,629 (+19.1%), from €522,482 to €622,112
of which Other amounts receivable: +€96,510
- Tangible fixed assets -€40,816
down €40,816 (-6.5%), from €629,485 to €588,669
of which Land and buildings: -€40,156
- Reserves +€66,862
up €66,862 (+56.6%), from €118,181 to €185,043
of which Distributable reserves: +€66,862
- Short-term financial debts +€50,000
up €50,000 (+27.8%), from €180,000 to €230,000
- Profit (loss) carried forward -€48,926
down €48,926 (-3.0%), from €1.6m to €1.6m
- Gross operating margin -€132,447
down €132,447 (-71.1%), from €186,209 to €53,762
- Taxes -€38,969
down €38,969 (-84.6%), from €46,079 to €7,111
- Depreciation -€19,873
down €19,873 (-32.7%), from €60,689 to €40,816
- Other operating charges -€13,311
down €13,311 (-77.8%), from €17,117 to €3,807
- Financial charges -€13,310
down €13,310 (-47.2%), from €28,173 to €14,863
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 | €2,141,307 | €2,224,246 | +€82,939 | +3.9% |
| Fixed assets | 21/28 | €629,485 | €588,669 | -€40,816 | -6.5% |
| Tangible fixed assets | 22/27 | €629,485 | €588,669 | -€40,816 | -6.5% |
| Land and buildings | 22 | €628,093 | €587,937 | -€40,156 | -6.4% |
| Furniture and vehicles | 24 | €1,392 | €732 | -€659 | -47.4% |
| Current assets | 29/58 | €1,511,822 | €1,635,577 | +€123,755 | +8.2% |
| Amounts receivable after more than one year | 29 | €66,000 | €76,000 | +€10,000 | +15.2% |
| Other amounts receivable | 291 | €66,000 | €76,000 | +€10,000 | +15.2% |
| Amounts receivable within one year | 40/41 | €522,482 | €622,112 | +€99,629 | +19.1% |
| Trade receivables | 40 | €41,126 | €44,245 | +€3,120 | +7.6% |
| Other amounts receivable | 41 | €481,356 | €577,866 | +€96,510 | +20.0% |
| Current investments | 50/53 | €900,642 | €903,451 | +€2,809 | +0.3% |
| Cash at bank and in hand | 54/58 | €21,826 | €33,122 | +€11,297 | +51.8% |
| Deferred charges and accrued income | 490/1 | €872 | €892 | +€19 | +2.2% |
| Total equity and liabilities | 10/49 | €2,141,307 | €2,224,246 | +€82,939 | +3.9% |
| Equity | 10/15 | €1,734,491 | €1,752,427 | +€17,936 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €118,181 | €185,043 | +€66,862 | +56.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €118,181 | €185,043 | +€66,862 | +56.6% |
| Profit (loss) carried forward | 14 | €1,610,110 | €1,561,185 | -€48,926 | -3.0% |
| Amounts payable | 17/49 | €406,816 | €471,818 | +€65,003 | +16.0% |
| Amounts payable after more than one year | 17 | €163,391 | €148,795 | -€14,596 | -8.9% |
| Financial debts | 170/4 | €163,391 | €148,795 | -€14,596 | -8.9% |
| Amounts payable within one year | 42/48 | €243,425 | €323,024 | +€79,599 | +32.7% |
| Current portion of amounts payable after more than one year | 42 | €13,671 | €14,231 | +€559 | +4.1% |
| Financial debts | 43 | €180,000 | €230,000 | +€50,000 | +27.8% |
| Credit institutions | 430/8 | €180,000 | €230,000 | +€50,000 | +27.8% |
| Trade debts | 44 | €28,894 | €34,361 | +€5,467 | +18.9% |
| Suppliers | 440/4 | €28,894 | €34,361 | +€5,467 | +18.9% |
| Taxes, remuneration and social security | 45 | €14,016 | €18,793 | +€4,777 | +34.1% |
| Taxes | 450/3 | €14,016 | €18,793 | +€4,777 | +34.1% |
| Other amounts payable | 47/48 | €6,843 | €25,638 | +€18,795 | +275% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,689 | €40,816 | -€19,873 | -32.7% |
| Other operating charges | 640/8 | €17,117 | €3,807 | -€13,311 | -77.8% |
| Gross operating margin | 9900 | €186,209 | €53,762 | -€132,447 | -71.1% |
| Operating profit (loss) | 9901 | €108,403 | €9,139 | -€99,263 | -91.6% |
| Financial income | 75/76B | €72,725 | €79,696 | +€6,972 | +9.6% |
| Recurring financial income | 75 | €72,725 | €79,696 | +€6,972 | +9.6% |
| Financial charges | 65/66B | €28,173 | €14,863 | -€13,310 | -47.2% |
| Recurring financial charges | 65 | €28,173 | €14,863 | -€13,310 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €152,955 | €73,973 | -€78,982 | -51.6% |
| Income taxes | 67/77 | €46,079 | €7,111 | -€38,969 | -84.6% |
| Profit (loss) for the period | 9904 | €106,875 | €66,862 | -€40,013 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | €106,875 | €66,862 | -€40,013 | -37.4% |
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 16 October 2026 via checked.be.