DE GENERAL: 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.
DE GENERAL
Largest movements
- Cash +€1,967
up €1,967 (+152.7%), from €1,288 to €3,256
mainly Other debts (+€10,618) and Depreciation (+€6,013)
- Receivables within one year -€1,186
down €1,186 (-37.4%), from €3,170 to €1,984
of which Trade receivables: -€1,080
- Tangible fixed assets -€1,098
down €1,098 (-5.4%), from €20,218 to €19,120
of which Other tangible fixed assets: -€2,186
- Stocks and contracts +€995
up €995 (+35.3%), from €2,818 to €3,813
- Other debts +€10,618
up €10,618 (+10.8%), from €97,892 to €108,510
- Trade debts -€5,789
down €5,789 (-99.4%), from €5,825 to €36
- Profit (loss) carried forward -€4,097
down €4,097 (-4.8%), from -€85,283 to -€89,381
- Gross operating margin +€7,815
up €7,815, from -€1,234 to €6,581
- Depreciation -€1,518
down €1,518 (-20.2%), from €7,530 to €6,013
- Financial charges +€1,083
up €1,083 (+42.2%), from €2,569 to €3,651
- Financial income -€569
down €569 (-75.7%), from €752 to €183
- Other operating charges +€106
up €106 (+9.7%), from €1,091 to €1,197
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 | €28,113 | €28,871 | +€758 | +2.7% |
| Fixed assets | 21/28 | €20,218 | €19,120 | -€1,098 | -5.4% |
| Tangible fixed assets | 22/27 | €20,218 | €19,120 | -€1,098 | -5.4% |
| Plant, machinery and equipment | 23 | €468 | €3,088 | +€2,621 | +560.3% |
| Furniture and vehicles | 24 | €2,089 | €557 | -€1,532 | -73.3% |
| Other tangible fixed assets | 26 | €17,661 | €15,475 | -€2,186 | -12.4% |
| Current assets | 29/58 | €7,895 | €9,751 | +€1,856 | +23.5% |
| Stocks and contracts in progress | 3 | €2,818 | €3,813 | +€995 | +35.3% |
| Stocks | 30/36 | €2,818 | €3,813 | +€995 | +35.3% |
| Amounts receivable within one year | 40/41 | €3,170 | €1,984 | -€1,186 | -37.4% |
| Trade receivables | 40 | €3,064 | €1,984 | -€1,080 | -35.3% |
| Other amounts receivable | 41 | €106 | €0 | -€106 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,288 | €3,256 | +€1,967 | +152.7% |
| Deferred charges and accrued income | 490/1 | €619 | €698 | +€80 | +12.9% |
| Total equity and liabilities | 10/49 | €28,113 | €28,871 | +€758 | +2.7% |
| Equity | 10/15 | -€75,783 | -€79,881 | -€4,097 | -5.4% |
| Contributions | 10/11 | €9,500 | €9,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,283 | -€89,381 | -€4,097 | -4.8% |
| Amounts payable | 17/49 | €103,896 | €108,751 | +€4,855 | +4.7% |
| Amounts payable within one year | 42/48 | €103,896 | €108,574 | +€4,678 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,825 | €36 | -€5,789 | -99.4% |
| Suppliers | 440/4 | €5,825 | €36 | -€5,789 | -99.4% |
| Taxes, remuneration and social security | 45 | €179 | €28 | -€151 | -84.2% |
| Taxes | 450/3 | €121 | €28 | -€92 | -76.5% |
| Remuneration and social security | 454/9 | €58 | €0 | -€58 | -100.0% |
| Other amounts payable | 47/48 | €97,892 | €108,510 | +€10,618 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €177 | +€177 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,530 | €6,013 | -€1,518 | -20.2% |
| Other operating charges | 640/8 | €1,091 | €1,197 | +€106 | +9.7% |
| Gross operating margin | 9900 | -€1,234 | €6,581 | +€7,815 | |
| Operating profit (loss) | 9901 | -€9,855 | -€629 | +€9,226 | +93.6% |
| Financial income | 75/76B | €752 | €183 | -€569 | -75.7% |
| Recurring financial income | 75 | €752 | €183 | -€569 | -75.7% |
| Financial charges | 65/66B | €2,569 | €3,651 | +€1,083 | +42.2% |
| Recurring financial charges | 65 | €2,569 | €3,651 | +€1,083 | +42.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,671 | -€4,097 | +€7,574 | +64.9% |
| Profit (loss) for the period | 9904 | -€11,671 | -€4,097 | +€7,574 | +64.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,671 | -€4,097 | +€7,574 | +64.9% |
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.