Deux L: 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.
Deux L
Largest movements
- Cash +€43,289
up €43,289 (+32.4%), from €133,464 to €176,753
mainly Net result for the year (+€104,456) and Depreciation (+€23,361)
- Tangible fixed assets -€20,110
down €20,110 (-26.7%), from €75,247 to €55,137
of which Furniture and vehicles: -€19,878
- Reserves +€50,456
up €50,456 (+35.0%), from €143,965 to €194,421
of which Distributable reserves: +€50,456
- Debts after one year -€15,292
down €15,292 (-40.1%), from €38,128 to €22,836
- Other debts -€4,992
down €4,992 (-8.5%), from €58,872 to €53,880
- Gross operating margin +€7,272
up €7,272 (+4.6%), from €159,401 to €166,673
- Financial income -€6,088
down €6,088 (-97.2%), from €6,263 to €175
- Depreciation +€2,024
up €2,024 (+9.5%), from €21,337 to €23,361
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.
Derived cash bridge
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 | €290,257 | €315,598 | +€25,341 | +8.7% |
| Fixed assets | 21/28 | €131,466 | €111,474 | -€19,992 | -15.2% |
| Tangible fixed assets | 22/27 | €75,247 | €55,137 | -€20,110 | -26.7% |
| Plant, machinery and equipment | 23 | €401 | €169 | -€232 | -57.9% |
| Furniture and vehicles | 24 | €74,846 | €54,968 | -€19,878 | -26.6% |
| Financial fixed assets | 28 | €56,219 | €56,337 | +€118 | +0.2% |
| Current assets | 29/58 | €158,791 | €204,124 | +€45,333 | +28.5% |
| Amounts receivable within one year | 40/41 | €20,892 | €23,045 | +€2,153 | +10.3% |
| Trade receivables | 40 | €20,682 | €21,096 | +€414 | +2.0% |
| Other amounts receivable | 41 | €210 | €1,949 | +€1,739 | +828% |
| Cash at bank and in hand | 54/58 | €133,464 | €176,753 | +€43,289 | +32.4% |
| Deferred charges and accrued income | 490/1 | €4,435 | €4,326 | -€109 | -2.5% |
| Total equity and liabilities | 10/49 | €290,257 | €315,598 | +€25,341 | +8.7% |
| Equity | 10/15 | €150,165 | €200,621 | +€50,456 | +33.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €143,965 | €194,421 | +€50,456 | +35.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €142,110 | €192,566 | +€50,456 | +35.5% |
| Amounts payable | 17/49 | €140,092 | €114,977 | -€25,115 | -17.9% |
| Amounts payable after more than one year | 17 | €38,128 | €22,836 | -€15,292 | -40.1% |
| Financial debts | 170/4 | €38,128 | €22,836 | -€15,292 | -40.1% |
| Amounts payable within one year | 42/48 | €101,740 | €91,917 | -€9,823 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | €15,031 | €15,291 | +€260 | +1.7% |
| Trade debts | 44 | €8,116 | €5,053 | -€3,063 | -37.7% |
| Suppliers | 440/4 | €8,116 | €5,053 | -€3,063 | -37.7% |
| Taxes, remuneration and social security | 45 | €19,721 | €17,693 | -€2,028 | -10.3% |
| Taxes | 450/3 | €13,270 | €11,190 | -€2,080 | -15.7% |
| Remuneration and social security | 454/9 | €6,451 | €6,503 | +€52 | +0.8% |
| Other amounts payable | 47/48 | €58,872 | €53,880 | -€4,992 | -8.5% |
| Accrued charges and deferred income | 492/3 | €224 | €224 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,337 | €23,361 | +€2,024 | +9.5% |
| Other operating charges | 640/8 | €1,084 | €1,017 | -€67 | -6.2% |
| Gross operating margin | 9900 | €159,401 | €166,673 | +€7,272 | +4.6% |
| Operating profit (loss) | 9901 | €136,980 | €142,295 | +€5,315 | +3.9% |
| Financial income | 75/76B | €6,263 | €175 | -€6,088 | -97.2% |
| Recurring financial income | 75 | €6,263 | €175 | -€6,088 | -97.2% |
| Financial charges | 65/66B | €1,192 | €842 | -€350 | -29.4% |
| Recurring financial charges | 65 | €1,192 | €842 | -€350 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €142,051 | €141,628 | -€423 | -0.3% |
| Income taxes | 67/77 | €37,027 | €37,172 | +€145 | +0.4% |
| Profit (loss) for the period | 9904 | €105,024 | €104,456 | -€568 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €105,024 | €104,456 | -€568 | -0.5% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.