DEI: 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.
DEI
Largest movements
- Receivables within one year +€47,634
up €47,634 (+76.2%), from €62,522 to €110,156
of which Trade receivables: +€46,145
- Stocks and contracts -€14,826
down €14,826 (-59.7%), from €24,826 to €10,000
- Cash +€6,453
up €6,453 (+242.9%), from €2,656 to €9,109
mainly Debts after one year (+€70,850) and Other debts (+€47,000)
- Debts after one year +€70,850
up €70,850 (+62.0%), from €114,340 to €185,189
- Current portion of long-term debt -€58,239
down €58,239 (-80.1%), from €72,731 to €14,492
- Other debts +€47,000
up €47,000 (+313.3%), from €15,000 to €62,000
- Profit (loss) carried forward -€21,141
down €21,141 (-7.2%), from -€293,240 to -€314,381
- Tax, wage and social debts +€3,055
up €3,055 (+68.0%), from €4,493 to €7,548
- Gross operating margin -€100,645
down €100,645, from €84,061 to -€16,584
- Financial charges -€9,487
down €9,487 (-75.8%), from €12,516 to €3,030
- Other operating charges +€1,021
up €1,021 (+202.1%), from €505 to €1,527
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 | €90,004 | €129,265 | +€39,261 | +43.6% |
| Current assets | 29/58 | €90,004 | €129,265 | +€39,261 | +43.6% |
| Stocks and contracts in progress | 3 | €24,826 | €10,000 | -€14,826 | -59.7% |
| Stocks | 30/36 | €24,826 | €10,000 | -€14,826 | -59.7% |
| Amounts receivable within one year | 40/41 | €62,522 | €110,156 | +€47,634 | +76.2% |
| Trade receivables | 40 | €61,034 | €107,179 | +€46,145 | +75.6% |
| Other amounts receivable | 41 | €1,489 | €2,977 | +€1,489 | +100.0% |
| Cash at bank and in hand | 54/58 | €2,656 | €9,109 | +€6,453 | +242.9% |
| Total equity and liabilities | 10/49 | €90,004 | €129,265 | +€39,261 | +43.6% |
| Equity | 10/15 | -€159,690 | -€180,831 | -€21,141 | -13.2% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €8,550 | €8,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,550 | €8,550 | = | 0.0% |
| Legal reserve | 130 | €8,550 | €8,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,240 | -€314,381 | -€21,141 | -7.2% |
| Amounts payable | 17/49 | €249,694 | €310,096 | +€60,402 | +24.2% |
| Amounts payable after more than one year | 17 | €114,340 | €185,189 | +€70,850 | +62.0% |
| Financial debts | 170/4 | €114,340 | €185,189 | +€70,850 | +62.0% |
| Amounts payable within one year | 42/48 | €135,355 | €124,906 | -€10,448 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €72,731 | €14,492 | -€58,239 | -80.1% |
| Financial debts | 43 | €14,947 | €14,947 | = | 0.0% |
| Credit institutions | 430/8 | €14,947 | €14,947 | = | 0.0% |
| Trade debts | 44 | €27,796 | €25,533 | -€2,264 | -8.1% |
| Suppliers | 440/4 | €27,796 | €25,533 | -€2,264 | -8.1% |
| Advances received on contracts in progress | 46 | €387 | €387 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,493 | €7,548 | +€3,055 | +68.0% |
| Taxes | 450/3 | €4,493 | €7,548 | +€3,055 | +68.0% |
| Other amounts payable | 47/48 | €15,000 | €62,000 | +€47,000 | +313.3% |
| Other operating charges | 640/8 | €505 | €1,527 | +€1,021 | +202.1% |
| Gross operating margin | 9900 | €84,061 | -€16,584 | -€100,645 | |
| Operating profit (loss) | 9901 | €83,556 | -€18,111 | -€101,667 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €12,516 | €3,030 | -€9,487 | -75.8% |
| Recurring financial charges | 65 | €12,516 | €3,030 | -€9,487 | -75.8% |
| Profit (loss) for the period before taxes | 9903 | €71,039 | -€21,141 | -€92,180 | |
| Income taxes | 67/77 | €74 | €0 | -€74 | -100.0% |
| Profit (loss) for the period | 9904 | €70,965 | -€21,141 | -€92,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €70,965 | -€21,141 | -€92,106 |
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 5 October 2026 via checked.be.