DCF CONCEPT: 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.
DCF CONCEPT
Largest movements
- Stocks and contracts -€3,028
down €3,028 (-29.9%), from €10,120 to €7,093
- Cash +€2,778
up €2,778 (+116.2%), from €2,391 to €5,169
mainly Other debts (+€22,514) and Stocks and contracts (+€3,028)
- Receivables within one year +€1,179
new in 2025: €1,179
of which Trade receivables: +€1,172
- Other debts +€22,514
up €22,514 (+38.1%), from €59,128 to €81,642
- Tax, wage and social debts -€12,994
down €12,994 (-96.2%), from €13,503 to €509
of which Remuneration and social security: -€13,250
- Profit (loss) carried forward -€10,334
down €10,334 (-13.1%), from -€78,675 to -€89,009
- Trade debts +€1,744
up €1,744 (+11961.0%), from €15 to €1,758
- Gross operating margin +€5,386
up €5,386 (+37.7%), from -€14,293 to -€8,907
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 | €12,571 | €13,501 | +€930 | +7.4% |
| Fixed assets | 21/28 | €60 | €60 | = | 0.0% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €12,511 | €13,441 | +€930 | +7.4% |
| Stocks and contracts in progress | 3 | €10,120 | €7,093 | -€3,028 | -29.9% |
| Stocks | 30/36 | €10,120 | €7,093 | -€3,028 | -29.9% |
| Amounts receivable within one year | 40/41 | - | €1,179 | +€1,179 | |
| Trade receivables | 40 | - | €1,172 | +€1,172 | |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €2,391 | €5,169 | +€2,778 | +116.2% |
| Total equity and liabilities | 10/49 | €12,571 | €13,501 | +€930 | +7.4% |
| Equity | 10/15 | -€60,075 | -€70,409 | -€10,334 | -17.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,675 | -€89,009 | -€10,334 | -13.1% |
| Amounts payable | 17/49 | €72,646 | €83,910 | +€11,264 | +15.5% |
| Amounts payable within one year | 42/48 | €72,646 | €83,910 | +€11,264 | +15.5% |
| Trade debts | 44 | €15 | €1,758 | +€1,744 | +11961.0% |
| Suppliers | 440/4 | €15 | €1,758 | +€1,744 | +11961.0% |
| Taxes, remuneration and social security | 45 | €13,503 | €509 | -€12,994 | -96.2% |
| Taxes | 450/3 | €253 | €509 | +€257 | +101.5% |
| Remuneration and social security | 454/9 | €13,250 | - | -€13,250 | |
| Other amounts payable | 47/48 | €59,128 | €81,642 | +€22,514 | +38.1% |
| Other operating charges | 640/8 | €664 | €793 | +€129 | +19.5% |
| Gross operating margin | 9900 | -€14,293 | -€8,907 | +€5,386 | +37.7% |
| Operating profit (loss) | 9901 | -€14,956 | -€9,700 | +€5,257 | +35.1% |
| Financial income | 75/76B | €39 | €0 | -€39 | -99.7% |
| Recurring financial income | 75 | €39 | €0 | -€39 | -99.7% |
| Financial charges | 65/66B | €501 | €573 | +€73 | +14.6% |
| Recurring financial charges | 65 | €501 | €573 | +€73 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,418 | -€10,273 | +€5,145 | +33.4% |
| Income taxes | 67/77 | -€8 | €61 | +€68 | |
| Profit (loss) for the period | 9904 | -€15,410 | -€10,334 | +€5,076 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,410 | -€10,334 | +€5,076 | +32.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.