DÉ-BU: 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.
DÉ-BU
Largest movements
- Intangible fixed assets -€42,993
no longer reported in 2025 (was €42,993)
- Cash +€35,284
up €35,284 (+69.5%), from €50,767 to €86,051
mainly Trade debts (+€41,608) and Tax, wage and social debts (+€23,804)
- Tangible fixed assets +€27,450
up €27,450 (+684.0%), from €4,013 to €31,464
of which Plant, machinery and equipment: +€23,622
- Deferred charges and accrued income +€7,282
up €7,282 (+239.1%), from €3,045 to €10,327
- Stocks and contracts +€6,441
up €6,441 (+43.7%), from €14,752 to €21,192
- Trade debts +€41,608
up €41,608 (+77.2%), from €53,880 to €95,488
- Tax, wage and social debts +€23,804
up €23,804 (+28.8%), from €82,616 to €106,421
of which Remuneration and social security: +€16,942
- Profit (loss) carried forward -€23,329
down €23,329 (-76.2%), from -€30,622 to -€53,951
- Current portion of long-term debt -€5,170
down €5,170 (-74.0%), from €6,989 to €1,819
- Debts after one year -€1,819
no longer reported in 2025 (was €1,819)
- Gross operating margin +€200,673
up €200,673 (+38.0%), from €527,731 to €728,404
- Staff costs +€156,043
up €156,043 (+29.5%), from €528,284 to €684,327
- Financial charges +€9,550
up €9,550 (+100.8%), from €9,470 to €19,020
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 | €121,412 | €155,337 | +€33,925 | +27.9% |
| Fixed assets | 21/28 | €52,772 | €37,229 | -€15,543 | -29.5% |
| Intangible fixed assets | 21 | €42,993 | - | -€42,993 | |
| Tangible fixed assets | 22/27 | €4,013 | €31,464 | +€27,450 | +684.0% |
| Plant, machinery and equipment | 23 | €2,122 | €25,744 | +€23,622 | +1113.0% |
| Furniture and vehicles | 24 | €1,891 | €5,719 | +€3,828 | +202.4% |
| Financial fixed assets | 28 | €5,765 | €5,765 | = | 0.0% |
| Current assets | 29/58 | €68,640 | €118,108 | +€49,468 | +72.1% |
| Stocks and contracts in progress | 3 | €14,752 | €21,192 | +€6,441 | +43.7% |
| Stocks | 30/36 | €14,752 | €21,192 | +€6,441 | +43.7% |
| Amounts receivable within one year | 40/41 | €76 | €538 | +€462 | +606.6% |
| Trade receivables | 40 | €76 | - | -€76 | |
| Other amounts receivable | 41 | - | €538 | +€538 | |
| Cash at bank and in hand | 54/58 | €50,767 | €86,051 | +€35,284 | +69.5% |
| Deferred charges and accrued income | 490/1 | €3,045 | €10,327 | +€7,282 | +239.1% |
| Total equity and liabilities | 10/49 | €121,412 | €155,337 | +€33,925 | +27.9% |
| Equity | 10/15 | -€25,622 | -€48,951 | -€23,329 | -91.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,622 | -€53,951 | -€23,329 | -76.2% |
| Amounts payable | 17/49 | €147,034 | €204,288 | +€57,254 | +38.9% |
| Amounts payable after more than one year | 17 | €1,819 | - | -€1,819 | |
| Financial debts | 170/4 | €1,819 | - | -€1,819 | |
| Amounts payable within one year | 42/48 | €145,075 | €204,288 | +€59,213 | +40.8% |
| Current portion of amounts payable after more than one year | 42 | €6,989 | €1,819 | -€5,170 | -74.0% |
| Trade debts | 44 | €53,880 | €95,488 | +€41,608 | +77.2% |
| Suppliers | 440/4 | €53,880 | €95,488 | +€41,608 | +77.2% |
| Taxes, remuneration and social security | 45 | €82,616 | €106,421 | +€23,804 | +28.8% |
| Taxes | 450/3 | €7,871 | €14,734 | +€6,863 | +87.2% |
| Remuneration and social security | 454/9 | €74,745 | €91,687 | +€16,942 | +22.7% |
| Other amounts payable | 47/48 | €1,590 | €561 | -€1,029 | -64.7% |
| Accrued charges and deferred income | 492/3 | €140 | - | -€140 | |
| Non-recurring operating income | 76A | - | €537 | +€537 | |
| Remuneration, social security and pensions | 62 | €528,284 | €684,327 | +€156,043 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,162 | €4,699 | -€2,463 | -34.4% |
| Other operating charges | 640/8 | €503 | €523 | +€20 | +3.9% |
| Non-recurring operating charges | 66A | - | €42,993 | +€42,993 | |
| Gross operating margin | 9900 | €527,731 | €728,404 | +€200,673 | +38.0% |
| Operating profit (loss) | 9901 | -€8,218 | -€4,138 | +€4,080 | +49.6% |
| Financial income | 75/76B | €11 | €6 | -€5 | -48.1% |
| Recurring financial income | 75 | €11 | €6 | -€5 | -48.1% |
| Financial charges | 65/66B | €9,470 | €19,020 | +€9,550 | +100.8% |
| Recurring financial charges | 65 | €9,470 | €19,020 | +€9,550 | +100.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,678 | -€23,153 | -€5,476 | -31.0% |
| Income taxes | 67/77 | €180 | €175 | -€4 | -2.4% |
| Profit (loss) for the period | 9904 | -€17,857 | -€23,329 | -€5,471 | -30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,857 | -€23,329 | -€5,471 | -30.6% |
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 4 October 2026 via checked.be.