Dear Darling: 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.
Dear Darling
Largest movements
- Receivables within one year -€6,454
down €6,454 (-39.1%), from €16,514 to €10,060
of which Trade receivables: -€9,912
- Cash -€3,767
down €3,767 (-79.9%), from €4,714 to €946
mainly Net result for the year (-€58,191) and Investment in fixed assets (net) (-€3,304)
- Deferred charges and accrued income -€1,721
down €1,721 (-36.5%), from €4,717 to €2,996
- Tangible fixed assets +€1,132
up €1,132 (+47.2%), from €2,398 to €3,529
- Profit (loss) carried forward -€58,191
down €58,191 (-2048.2%), from -€2,841 to -€61,032
- Other debts +€36,521
up €36,521 (+178.2%), from €20,492 to €57,013
- Trade debts +€5,352
up €5,352 (+87.6%), from €6,112 to €11,464
- Short-term financial debts +€3,866
up €3,866 (+783.0%), from €494 to €4,360
- Tax, wage and social debts +€2,400
up €2,400 (+140.4%), from €1,709 to €4,109
- Gross operating margin -€29,523
down €29,523 (-144.1%), from -€20,483 to -€50,005
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 | €29,292 | €18,481 | -€10,811 | -36.9% |
| Fixed assets | 21/28 | €3,348 | €4,479 | +€1,132 | +33.8% |
| Tangible fixed assets | 22/27 | €2,398 | €3,529 | +€1,132 | +47.2% |
| Furniture and vehicles | 24 | €2,398 | €3,529 | +€1,132 | +47.2% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €25,944 | €14,001 | -€11,943 | -46.0% |
| Amounts receivable within one year | 40/41 | €16,514 | €10,060 | -€6,454 | -39.1% |
| Trade receivables | 40 | €14,071 | €4,159 | -€9,912 | -70.4% |
| Other amounts receivable | 41 | €2,443 | €5,901 | +€3,458 | +141.6% |
| Cash at bank and in hand | 54/58 | €4,714 | €946 | -€3,767 | -79.9% |
| Deferred charges and accrued income | 490/1 | €4,717 | €2,996 | -€1,721 | -36.5% |
| Total equity and liabilities | 10/49 | €29,292 | €18,481 | -€10,811 | -36.9% |
| Equity | 10/15 | -€341 | -€58,532 | -€58,191 | -17059.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,841 | -€61,032 | -€58,191 | -2048.2% |
| Amounts payable | 17/49 | €29,633 | €77,013 | +€47,380 | +159.9% |
| Amounts payable within one year | 42/48 | €28,807 | €76,946 | +€48,139 | +167.1% |
| Financial debts | 43 | €494 | €4,360 | +€3,866 | +783.0% |
| Credit institutions | 430/8 | €494 | €4,360 | +€3,866 | +783.0% |
| Trade debts | 44 | €6,112 | €11,464 | +€5,352 | +87.6% |
| Suppliers | 440/4 | €6,112 | €11,464 | +€5,352 | +87.6% |
| Taxes, remuneration and social security | 45 | €1,709 | €4,109 | +€2,400 | +140.4% |
| Taxes | 450/3 | €1,709 | €4,109 | +€2,400 | +140.4% |
| Other amounts payable | 47/48 | €20,492 | €57,013 | +€36,521 | +178.2% |
| Accrued charges and deferred income | 492/3 | €826 | €67 | -€759 | -91.8% |
| Non-recurring operating income | 76A | €1,815 | €0 | -€1,815 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,790 | €2,172 | +€382 | +21.3% |
| Other operating charges | 640/8 | €1,266 | €1,177 | -€88 | -7.0% |
| Non-recurring operating charges | 66A | - | €878 | +€878 | |
| Gross operating margin | 9900 | -€20,483 | -€50,005 | -€29,523 | -144.1% |
| Operating profit (loss) | 9901 | -€23,539 | -€54,233 | -€30,695 | -130.4% |
| Financial income | 75/76B | €0 | €141 | +€141 | |
| Recurring financial income | 75 | €0 | €141 | +€141 | |
| Financial charges | 65/66B | €4,143 | €3,789 | -€354 | -8.5% |
| Recurring financial charges | 65 | €4,143 | €3,789 | -€354 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€27,681 | -€57,881 | -€30,200 | -109.1% |
| Income taxes | 67/77 | €309 | €310 | +€1 | +0.2% |
| Profit (loss) for the period | 9904 | -€27,991 | -€58,191 | -€30,201 | -107.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,991 | -€58,191 | -€30,201 | -107.9% |
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 6 October 2026 via checked.be.