DEEP WORKS: 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.
DEEP WORKS
Largest movements
- Cash +€111,595
up €111,595 (+282.0%), from €39,569 to €151,164
mainly Net result for the year (+€75,840) and Tax, wage and social debts (+€29,743)
- Tangible fixed assets +€30,281
up €30,281 (+108.1%), from €28,005 to €58,286
of which Furniture and vehicles: +€23,658
- Receivables within one year +€2,609
up €2,609 (+9.3%), from €27,928 to €30,537
- Reserves +€77,000
up €77,000 (+192.5%), from €40,000 to €117,000
- Tax, wage and social debts +€29,743
up €29,743 (+134.7%), from €22,086 to €51,829
- Debts after one year +€17,142
up €17,142 (+173.3%), from €9,891 to €27,033
- Trade debts +€14,656
up €14,656 (+256.9%), from €5,704 to €20,360
- Current portion of long-term debt +€6,430
up €6,430 (+109.0%), from €5,901 to €12,331
- Gross operating margin +€52,973
up €52,973 (+92.8%), from €57,086 to €110,059
- Taxes +€8,653
up €8,653 (+75.4%), from €11,482 to €20,135
- Depreciation +€8,271
up €8,271 (+274.7%), from €3,011 to €11,282
- Financial charges +€1,286
up €1,286 (+283.3%), from €454 to €1,740
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 | €96,368 | €243,153 | +€146,785 | +152.3% |
| Fixed assets | 21/28 | €28,405 | €58,686 | +€30,281 | +106.6% |
| Tangible fixed assets | 22/27 | €28,005 | €58,286 | +€30,281 | +108.1% |
| Plant, machinery and equipment | 23 | €2,764 | €9,676 | +€6,912 | +250.1% |
| Furniture and vehicles | 24 | €22,442 | €46,100 | +€23,658 | +105.4% |
| Other tangible fixed assets | 26 | €2,799 | €2,510 | -€289 | -10.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €67,963 | €184,467 | +€116,504 | +171.4% |
| Amounts receivable within one year | 40/41 | €27,928 | €30,537 | +€2,609 | +9.3% |
| Trade receivables | 40 | €27,928 | €30,537 | +€2,609 | +9.3% |
| Cash at bank and in hand | 54/58 | €39,569 | €151,164 | +€111,595 | +282.0% |
| Deferred charges and accrued income | 490/1 | €466 | €2,766 | +€2,300 | +493.6% |
| Total equity and liabilities | 10/49 | €96,368 | €243,153 | +€146,785 | +152.3% |
| Equity | 10/15 | €51,286 | €127,127 | +€75,841 | +147.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €40,000 | €117,000 | +€77,000 | +192.5% |
| Distributable reserves | 133 | €40,000 | €117,000 | +€77,000 | +192.5% |
| Profit (loss) carried forward | 14 | €1,286 | €127 | -€1,159 | -90.1% |
| Amounts payable | 17/49 | €45,082 | €116,026 | +€70,944 | +157.4% |
| Amounts payable after more than one year | 17 | €9,891 | €27,033 | +€17,142 | +173.3% |
| Financial debts | 170/4 | €9,891 | €27,033 | +€17,142 | +173.3% |
| Amounts payable within one year | 42/48 | €35,191 | €88,593 | +€53,402 | +151.7% |
| Current portion of amounts payable after more than one year | 42 | €5,901 | €12,331 | +€6,430 | +109.0% |
| Trade debts | 44 | €5,704 | €20,360 | +€14,656 | +256.9% |
| Suppliers | 440/4 | €5,704 | €20,360 | +€14,656 | +256.9% |
| Taxes, remuneration and social security | 45 | €22,086 | €51,829 | +€29,743 | +134.7% |
| Taxes | 450/3 | €22,086 | €51,829 | +€29,743 | +134.7% |
| Other amounts payable | 47/48 | €1,500 | €4,073 | +€2,573 | +171.5% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,011 | €11,282 | +€8,271 | +274.7% |
| Other operating charges | 640/8 | €853 | €1,062 | +€209 | +24.5% |
| Gross operating margin | 9900 | €57,086 | €110,059 | +€52,973 | +92.8% |
| Operating profit (loss) | 9901 | €53,222 | €97,715 | +€44,493 | +83.6% |
| Financial charges | 65/66B | €454 | €1,740 | +€1,286 | +283.3% |
| Recurring financial charges | 65 | €454 | €1,740 | +€1,286 | +283.3% |
| Profit (loss) for the period before taxes | 9903 | €52,768 | €95,975 | +€43,207 | +81.9% |
| Income taxes | 67/77 | €11,482 | €20,135 | +€8,653 | +75.4% |
| Profit (loss) for the period | 9904 | €41,286 | €75,840 | +€34,554 | +83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,286 | €75,840 | +€34,554 | +83.7% |
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 3 October 2026 via checked.be.