DD 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.
DD Concept
Largest movements
- Stocks and contracts -€1.9m
no longer reported in 2025 (was €1.9m)
- Debts after one year -€1.1m
no longer reported in 2025 (was €1.1m)
- Other debts -€730,600
down €730,600 (-80.8%), from €904,278 to €173,678
- Profit (loss) carried forward -€49,681
down €49,681 (-36.3%), from -€136,966 to -€186,647
- Financial charges -€33,902
down €33,902 (-61.2%), from €55,422 to €21,519
- Gross operating margin -€16,273
down €16,273 (-172.1%), from -€9,456 to -€25,729
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 | €1,877,597 | €11,862 | -€1.9m | -99.4% |
| Fixed assets | 21/28 | €7,021 | €2,219 | -€4,802 | -68.4% |
| Tangible fixed assets | 22/27 | €3,321 | €2,219 | -€1,102 | -33.2% |
| Furniture and vehicles | 24 | €3,321 | €2,219 | -€1,102 | -33.2% |
| Financial fixed assets | 28 | €3,700 | - | -€3,700 | |
| Current assets | 29/58 | €1,870,576 | €9,643 | -€1.9m | -99.5% |
| Stocks and contracts in progress | 3 | €1,858,385 | - | -€1.9m | |
| Stocks | 30/36 | €1,858,385 | - | -€1.9m | |
| Amounts receivable within one year | 40/41 | €5,424 | €295 | -€5,129 | -94.6% |
| Trade receivables | 40 | €1,030 | - | -€1,030 | |
| Other amounts receivable | 41 | €4,394 | €295 | -€4,098 | -93.3% |
| Cash at bank and in hand | 54/58 | €6,321 | €9,348 | +€3,027 | +47.9% |
| Deferred charges and accrued income | 490/1 | €445 | - | -€445 | |
| Total equity and liabilities | 10/49 | €1,877,597 | €11,862 | -€1.9m | -99.4% |
| Equity | 10/15 | -€116,966 | -€166,647 | -€49,681 | -42.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,966 | -€186,647 | -€49,681 | -36.3% |
| Amounts payable | 17/49 | €1,994,563 | €178,509 | -€1.8m | -91.1% |
| Amounts payable after more than one year | 17 | €1,083,500 | - | -€1.1m | |
| Financial debts | 170/4 | €1,083,500 | - | -€1.1m | |
| Amounts payable within one year | 42/48 | €910,989 | €178,509 | -€732,480 | -80.4% |
| Trade debts | 44 | €6,710 | €4,719 | -€1,991 | -29.7% |
| Suppliers | 440/4 | €6,710 | €4,719 | -€1,991 | -29.7% |
| Taxes, remuneration and social security | 45 | - | €112 | +€112 | |
| Taxes | 450/3 | - | €112 | +€112 | |
| Other amounts payable | 47/48 | €904,278 | €173,678 | -€730,600 | -80.8% |
| Accrued charges and deferred income | 492/3 | €74 | - | -€74 | |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,102 | €1,102 | = | 0.0% |
| Other operating charges | 640/8 | €1,394 | €1,293 | -€101 | -7.3% |
| Gross operating margin | 9900 | -€9,456 | -€25,729 | -€16,273 | -172.1% |
| Operating profit (loss) | 9901 | -€11,953 | -€28,124 | -€16,172 | -135.3% |
| Financial charges | 65/66B | €55,422 | €21,519 | -€33,902 | -61.2% |
| Recurring financial charges | 65 | €55,422 | €21,519 | -€33,902 | -61.2% |
| Profit (loss) for the period before taxes | 9903 | -€67,375 | -€49,644 | +€17,731 | +26.3% |
| Income taxes | 67/77 | €74 | €37 | -€37 | -49.5% |
| Profit (loss) for the period | 9904 | -€67,449 | -€49,681 | +€17,767 | +26.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,449 | -€49,681 | +€17,767 | +26.3% |
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 2 October 2026 via checked.be.