dE STAND: 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.
dE STAND
Largest movements
- Cash +€23,207
up €23,207 (+54.4%), from €42,660 to €65,867
mainly Trade debts (+€55,043) and Depreciation (+€14,752)
- Receivables within one year +€12,399
up €12,399 (+8.5%), from €145,728 to €158,126
of which Trade receivables: +€10,581
- Tangible fixed assets +€5,248
up €5,248 (+24.5%), from €21,460 to €26,708
of which Plant, machinery and equipment: +€9,317
- Trade debts +€55,043
up €55,043 (+132.9%), from €41,426 to €96,469
- Debts after one year -€38,000
down €38,000 (-14.0%), from €272,000 to €234,000
- Tax, wage and social debts +€13,821
up €13,821 (+132.4%), from €10,439 to €24,260
of which Taxes: +€13,132
- Profit (loss) carried forward +€11,927
up €11,927 (+3.9%), from -€303,686 to -€291,760
- Gross operating margin +€13,493
up €13,493 (+50.1%), from €26,908 to €40,401
- Staff costs +€11,651
new in 2025: €11,651
- Financial charges +€688
up €688 (+333.7%), from €206 to €894
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 | €238,531 | €279,323 | +€40,791 | +17.1% |
| Fixed assets | 21/28 | €22,410 | €27,658 | +€5,248 | +23.4% |
| Tangible fixed assets | 22/27 | €21,460 | €26,708 | +€5,248 | +24.5% |
| Plant, machinery and equipment | 23 | €15,589 | €24,906 | +€9,317 | +59.8% |
| Furniture and vehicles | 24 | €5,871 | €1,802 | -€4,069 | -69.3% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €216,122 | €251,665 | +€35,543 | +16.4% |
| Stocks and contracts in progress | 3 | €27,000 | €27,000 | = | 0.0% |
| Stocks | 30/36 | €27,000 | €27,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €145,728 | €158,126 | +€12,399 | +8.5% |
| Trade receivables | 40 | €144,468 | €155,049 | +€10,581 | +7.3% |
| Other amounts receivable | 41 | €1,260 | €3,077 | +€1,817 | +144.2% |
| Cash at bank and in hand | 54/58 | €42,660 | €65,867 | +€23,207 | +54.4% |
| Deferred charges and accrued income | 490/1 | €734 | €672 | -€62 | -8.5% |
| Total equity and liabilities | 10/49 | €238,531 | €279,323 | +€40,791 | +17.1% |
| Equity | 10/15 | -€185,810 | -€173,883 | +€11,927 | +6.4% |
| Contributions | 10/11 | €117,600 | €117,600 | = | 0.0% |
| Reserves | 13 | €276 | €276 | = | 0.0% |
| Distributable reserves | 133 | €276 | €276 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€303,686 | -€291,760 | +€11,927 | +3.9% |
| Amounts payable | 17/49 | €424,341 | €453,206 | +€28,865 | +6.8% |
| Amounts payable after more than one year | 17 | €272,000 | €234,000 | -€38,000 | -14.0% |
| Financial debts | 170/4 | €272,000 | €234,000 | -€38,000 | -14.0% |
| Amounts payable within one year | 42/48 | €140,341 | €209,206 | +€68,865 | +49.1% |
| Trade debts | 44 | €41,426 | €96,469 | +€55,043 | +132.9% |
| Suppliers | 440/4 | €41,426 | €96,469 | +€55,043 | +132.9% |
| Taxes, remuneration and social security | 45 | €10,439 | €24,260 | +€13,821 | +132.4% |
| Taxes | 450/3 | €10,439 | €23,571 | +€13,132 | +125.8% |
| Remuneration and social security | 454/9 | - | €689 | +€689 | |
| Other amounts payable | 47/48 | €88,477 | €88,477 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €12,000 | €10,000 | -€2,000 | -16.7% |
| Remuneration, social security and pensions | 62 | - | €11,651 | +€11,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,813 | €14,752 | -€61 | -0.4% |
| Other operating charges | 640/8 | €1,148 | €1,181 | +€33 | +2.9% |
| Gross operating margin | 9900 | €26,908 | €40,401 | +€13,493 | +50.1% |
| Operating profit (loss) | 9901 | €10,947 | €12,816 | +€1,869 | +17.1% |
| Financial income | 75/76B | €1 | €4 | +€3 | +557.4% |
| Recurring financial income | 75 | €1 | €4 | +€3 | +557.4% |
| Financial charges | 65/66B | €206 | €894 | +€688 | +333.7% |
| Recurring financial charges | 65 | €206 | €894 | +€688 | +333.7% |
| Profit (loss) for the period before taxes | 9903 | €10,742 | €11,927 | +€1,185 | +11.0% |
| Profit (loss) for the period | 9904 | €10,742 | €11,927 | +€1,185 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,742 | €11,927 | +€1,185 | +11.0% |
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 9 October 2026 via checked.be.