DESIGN UP: 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.
DESIGN UP
Largest movements
- Stocks and contracts +€98,063
up €98,063 (+124.5%), from €78,791 to €176,854
- Deferred charges and accrued income +€32,559
up €32,559 (+1555.0%), from €2,094 to €34,653
- Cash +€21,182
up €21,182 (+493746.2%), from €4 to €21,186
mainly Debts after one year (+€153,667) and Short-term financial debts (+€124,966)
- Intangible fixed assets +€12,479
up €12,479 (+607.1%), from €2,056 to €14,535
- Financial fixed assets -€10,000
no longer reported in 2025 (was €10,000)
- Other debts -€204,719
no longer reported in 2025 (was €204,719)
- Debts after one year +€153,667
up €153,667 (+265.9%), from €57,794 to €211,461
of which Other amounts payable: +€150,880
- Short-term financial debts +€124,966
up €124,966 (+368088.5%), from €34 to €125,000
- Trade debts +€42,089
up €42,089 (+85.8%), from €49,033 to €91,122
- Profit (loss) carried forward +€34,344
up €34,344 (+55.0%), from -€62,480 to -€28,136
- Gross operating margin +€138,934
up €138,934, from -€43,754 to €95,180
- Staff costs +€21,691
new in 2025: €21,691
- Financial charges +€14,088
up €14,088 (+160.2%), from €8,795 to €22,883
- Depreciation +€6,076
up €6,076 (+141.5%), from €4,293 to €10,369
- Other operating charges +€2,426
up €2,426 (+43.0%), from €5,638 to €8,064
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 | €260,080 | €419,461 | +€159,381 | +61.3% |
| Fixed assets | 21/28 | €91,797 | €92,718 | +€921 | +1.0% |
| Intangible fixed assets | 21 | €2,056 | €14,535 | +€12,479 | +607.1% |
| Tangible fixed assets | 22/27 | €79,741 | €78,183 | -€1,558 | -2.0% |
| Plant, machinery and equipment | 23 | €3,357 | €2,644 | -€713 | -21.2% |
| Furniture and vehicles | 24 | €1,503 | €8,518 | +€7,015 | +466.7% |
| Other tangible fixed assets | 26 | €74,881 | €67,021 | -€7,860 | -10.5% |
| Financial fixed assets | 28 | €10,000 | - | -€10,000 | |
| Current assets | 29/58 | €168,284 | €326,743 | +€158,459 | +94.2% |
| Stocks and contracts in progress | 3 | €78,791 | €176,854 | +€98,063 | +124.5% |
| Stocks | 30/36 | €78,791 | €176,854 | +€98,063 | +124.5% |
| Amounts receivable within one year | 40/41 | €87,395 | €94,050 | +€6,655 | +7.6% |
| Trade receivables | 40 | €72,988 | €93,965 | +€20,977 | +28.7% |
| Other amounts receivable | 41 | €14,407 | €85 | -€14,322 | -99.4% |
| Cash at bank and in hand | 54/58 | €4 | €21,186 | +€21,182 | +493746.2% |
| Deferred charges and accrued income | 490/1 | €2,094 | €34,653 | +€32,559 | +1555.0% |
| Total equity and liabilities | 10/49 | €260,080 | €419,461 | +€159,381 | +61.3% |
| Equity | 10/15 | -€60,980 | -€26,636 | +€34,344 | +56.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,480 | -€28,136 | +€34,344 | +55.0% |
| Amounts payable | 17/49 | €321,061 | €446,097 | +€125,036 | +38.9% |
| Amounts payable after more than one year | 17 | €57,794 | €211,461 | +€153,667 | +265.9% |
| Financial debts | 170/4 | €57,794 | €60,581 | +€2,787 | +4.8% |
| Other amounts payable | 178/9 | - | €150,880 | +€150,880 | |
| Amounts payable within one year | 42/48 | €262,672 | €234,074 | -€28,598 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €8,887 | €8,443 | -€444 | -5.0% |
| Financial debts | 43 | €34 | €125,000 | +€124,966 | +368088.5% |
| Credit institutions | 430/8 | €34 | €125,000 | +€124,966 | +368088.5% |
| Trade debts | 44 | €49,033 | €91,122 | +€42,089 | +85.8% |
| Suppliers | 440/4 | €49,033 | €91,122 | +€42,089 | +85.8% |
| Taxes, remuneration and social security | 45 | - | €9,509 | +€9,509 | |
| Taxes | 450/3 | - | €4,684 | +€4,684 | |
| Remuneration and social security | 454/9 | - | €4,825 | +€4,825 | |
| Other amounts payable | 47/48 | €204,719 | - | -€204,719 | |
| Accrued charges and deferred income | 492/3 | €594 | €562 | -€32 | -5.4% |
| Remuneration, social security and pensions | 62 | - | €21,691 | +€21,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,293 | €10,369 | +€6,076 | +141.5% |
| Other operating charges | 640/8 | €5,638 | €8,064 | +€2,426 | +43.0% |
| Gross operating margin | 9900 | -€43,754 | €95,180 | +€138,934 | |
| Operating profit (loss) | 9901 | -€53,686 | €55,056 | +€108,742 | |
| Financial income | 75/76B | - | €2,171 | +€2,171 | |
| Recurring financial income | 75 | - | €2,171 | +€2,171 | |
| Financial charges | 65/66B | €8,795 | €22,883 | +€14,088 | +160.2% |
| Recurring financial charges | 65 | €8,795 | €22,883 | +€14,088 | +160.2% |
| Profit (loss) for the period before taxes | 9903 | -€62,480 | €34,344 | +€96,824 | |
| Profit (loss) for the period | 9904 | -€62,480 | €34,344 | +€96,824 | |
| Profit (loss) for the period to be appropriated | 9905 | -€62,480 | €34,344 | +€96,824 |
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.