DCF SUPPORT: 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.
DCF SUPPORT
Largest movements
- Cash +€36,725
up €36,725 (+176%), from €20,914 to €57,639
mainly Other debts (+€117,335) and Net result for the year (+€45,406)
- Other debts +€117,335
up €117,335 (+48,489%), from €242 to €117,577
- Reserves -€72,241
down €72,241 (-20.9%), from €346,186 to €273,946
- Trade debts -€4,548
down €4,548 (-85.3%), from €5,329 to €781
- Gross operating margin -€45,952
down €45,952 (-39.4%), from €116,658 to €70,707
- Taxes -€7,397
down €7,397 (-25.8%), from €28,654 to €21,257
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 | €368,275 | €407,414 | +€39,140 | +10.6% |
| Fixed assets | 21/28 | €10,028 | €8,650 | -€1,377 | -13.7% |
| Tangible fixed assets | 22/27 | €10,028 | €8,650 | -€1,377 | -13.7% |
| Furniture and vehicles | 24 | €10,028 | €8,650 | -€1,377 | -13.7% |
| Current assets | 29/58 | €358,247 | €398,764 | +€40,517 | +11.3% |
| Amounts receivable within one year | 40/41 | €337,281 | €341,071 | +€3,790 | +1.1% |
| Trade receivables | 40 | €133,009 | €79,047 | -€53,962 | -40.6% |
| Other amounts receivable | 41 | €204,272 | €262,024 | +€57,752 | +28.3% |
| Cash at bank and in hand | 54/58 | €20,914 | €57,639 | +€36,725 | +176% |
| Deferred charges and accrued income | 490/1 | €51 | €53 | +€2 | +3.9% |
| Total equity and liabilities | 10/49 | €368,275 | €407,414 | +€39,140 | +10.6% |
| Equity | 10/15 | €351,186 | €278,946 | -€72,241 | -20.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €346,186 | €273,946 | -€72,241 | -20.9% |
| Distributable reserves | 133 | €346,186 | €273,946 | -€72,241 | -20.9% |
| Amounts payable | 17/49 | €17,088 | €128,469 | +€111,381 | +652% |
| Amounts payable within one year | 42/48 | €17,088 | €128,469 | +€111,381 | +652% |
| Trade debts | 44 | €5,329 | €781 | -€4,548 | -85.3% |
| Suppliers | 440/4 | €5,329 | €781 | -€4,548 | -85.3% |
| Taxes, remuneration and social security | 45 | €11,517 | €10,111 | -€1,407 | -12.2% |
| Taxes | 450/3 | €11,517 | €10,111 | -€1,407 | -12.2% |
| Other amounts payable | 47/48 | €242 | €117,577 | +€117,335 | +48,489% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,168 | €3,182 | +€1,014 | +46.8% |
| Other operating charges | 640/8 | €655 | €707 | +€51 | +7.8% |
| Gross operating margin | 9900 | €116,658 | €70,707 | -€45,952 | -39.4% |
| Operating profit (loss) | 9901 | €113,835 | €66,818 | -€47,017 | -41.3% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €113 | €158 | +€45 | +39.8% |
| Recurring financial charges | 65 | €113 | €158 | +€45 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €113,722 | €66,663 | -€47,059 | -41.4% |
| Income taxes | 67/77 | €28,654 | €21,257 | -€7,397 | -25.8% |
| Profit (loss) for the period | 9904 | €85,069 | €45,406 | -€39,662 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,069 | €45,406 | -€39,662 | -46.6% |
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 18 October 2026 via checked.be.