DC: 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.
DC
Largest movements
- Cash +€40,336
up €40,336 (+35.4%), from €113,852 to €154,188
mainly Other debts (+€81,723) and Net result for the year (+€50,622)
- Tangible fixed assets -€17,361
down €17,361 (-7.9%), from €219,595 to €202,234
of which Furniture and vehicles: -€11,797
- Other debts +€81,723
up €81,723 (+450.6%), from €18,135 to €99,858
- Profit (loss) carried forward -€41,044
down €41,044 (-29.9%), from €137,486 to €96,442
- Debts after one year -€20,410
down €20,410 (-12.8%), from €159,101 to €138,692
- Tax, wage and social debts +€6,411
up €6,411 (+99.8%), from €6,426 to €12,838
- Current portion of long-term debt -€5,096
down €5,096 (-19.3%), from €26,453 to €21,357
- Gross operating margin +€5,764
up €5,764 (+6.6%), from €87,391 to €93,155
- Taxes +€4,787
up €4,787 (+36.5%), from €13,130 to €17,917
- Financial charges +€1,235
up €1,235 (+21.4%), from €5,766 to €7,001
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 | €355,765 | €376,054 | +€20,289 | +5.7% |
| Fixed assets | 21/28 | €219,595 | €202,234 | -€17,361 | -7.9% |
| Tangible fixed assets | 22/27 | €219,595 | €202,234 | -€17,361 | -7.9% |
| Land and buildings | 22 | €183,206 | €177,641 | -€5,565 | -3.0% |
| Furniture and vehicles | 24 | €36,389 | €24,593 | -€11,797 | -32.4% |
| Current assets | 29/58 | €136,170 | €173,820 | +€37,650 | +27.6% |
| Amounts receivable within one year | 40/41 | €21,848 | €19,060 | -€2,787 | -12.8% |
| Trade receivables | 40 | €18,850 | €19,060 | +€211 | +1.1% |
| Other amounts receivable | 41 | €2,998 | - | -€2,998 | |
| Cash at bank and in hand | 54/58 | €113,852 | €154,188 | +€40,336 | +35.4% |
| Deferred charges and accrued income | 490/1 | €470 | €572 | +€101 | +21.5% |
| Total equity and liabilities | 10/49 | €355,765 | €376,054 | +€20,289 | +5.7% |
| Equity | 10/15 | €138,486 | €97,442 | -€41,044 | -29.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,486 | €96,442 | -€41,044 | -29.9% |
| Amounts payable | 17/49 | €217,279 | €278,612 | +€61,333 | +28.2% |
| Amounts payable after more than one year | 17 | €159,101 | €138,692 | -€20,410 | -12.8% |
| Financial debts | 170/4 | €159,101 | €138,692 | -€20,410 | -12.8% |
| Amounts payable within one year | 42/48 | €55,262 | €135,872 | +€80,610 | +145.9% |
| Current portion of amounts payable after more than one year | 42 | €26,453 | €21,357 | -€5,096 | -19.3% |
| Trade debts | 44 | €4,248 | €1,820 | -€2,428 | -57.2% |
| Suppliers | 440/4 | €4,248 | €1,820 | -€2,428 | -57.2% |
| Taxes, remuneration and social security | 45 | €6,426 | €12,838 | +€6,411 | +99.8% |
| Taxes | 450/3 | €6,426 | €12,838 | +€6,411 | +99.8% |
| Other amounts payable | 47/48 | €18,135 | €99,858 | +€81,723 | +450.6% |
| Accrued charges and deferred income | 492/3 | €2,915 | €4,048 | +€1,133 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,657 | €17,361 | -€296 | -1.7% |
| Other operating charges | 640/8 | €1,228 | €806 | -€421 | -34.3% |
| Gross operating margin | 9900 | €87,391 | €93,155 | +€5,764 | +6.6% |
| Operating profit (loss) | 9901 | €68,506 | €74,988 | +€6,481 | +9.5% |
| Financial income | 75/76B | €477 | €552 | +€75 | +15.8% |
| Recurring financial income | 75 | €477 | €552 | +€75 | +15.8% |
| Financial charges | 65/66B | €5,766 | €7,001 | +€1,235 | +21.4% |
| Recurring financial charges | 65 | €5,766 | €7,001 | +€1,235 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €63,217 | €68,538 | +€5,321 | +8.4% |
| Income taxes | 67/77 | €13,130 | €17,917 | +€4,787 | +36.5% |
| Profit (loss) for the period | 9904 | €50,088 | €50,622 | +€534 | +1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €50,088 | €50,622 | +€534 | +1.1% |
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 5 October 2026 via checked.be.