DIANA CHEUNG: 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.
DIANA CHEUNG
Largest movements
- Deferred charges and accrued income +€32,514
up €32,514 (+2,128%), from €1,528 to €34,042
- Cash +€15,939
up €15,939 (+20.4%), from €78,031 to €93,970
mainly Net result for the year (+€55,513) and Other debts (+€4,006)
- Current investments +€12,888
new in 2025: €12,888
- Tangible fixed assets +€3,589
up €3,589 (+146%), from €2,465 to €6,054
- Reserves +€113,395
new in 2025: €113,395
- Profit (loss) carried forward -€57,882
no longer reported in 2025 (was €57,882)
- Other debts +€4,006
up €4,006 (+68.7%), from €5,831 to €9,838
- Tax, wage and social debts +€3,427
up €3,427 (+25.3%), from €13,559 to €16,986
of which Remuneration and social security: +€2,500
- Trade debts +€2,528
up €2,528 (+210%), from €1,207 to €3,735
- Gross operating margin +€9,470
up €9,470 (+15.2%), from €62,357 to €71,827
- Taxes +€2,127
up €2,127 (+17.2%), from €12,359 to €14,486
- Financial charges -€1,718
down €1,718 (-97.4%), from €1,763 to €45
- Depreciation +€821
up €821 (+104%), from €786 to €1,607
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 | €82,024 | €146,954 | +€64,930 | +79.2% |
| Fixed assets | 21/28 | €2,465 | €6,054 | +€3,589 | +146% |
| Tangible fixed assets | 22/27 | €2,465 | €6,054 | +€3,589 | +146% |
| Furniture and vehicles | 24 | €2,465 | €6,054 | +€3,589 | +146% |
| Current assets | 29/58 | €79,559 | €140,900 | +€61,341 | +77.1% |
| Current investments | 50/53 | - | €12,888 | +€12,888 | |
| Cash at bank and in hand | 54/58 | €78,031 | €93,970 | +€15,939 | +20.4% |
| Deferred charges and accrued income | 490/1 | €1,528 | €34,042 | +€32,514 | +2,128% |
| Total equity and liabilities | 10/49 | €82,024 | €146,954 | +€64,930 | +79.2% |
| Equity | 10/15 | €60,882 | €116,395 | +€55,513 | +91.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €113,395 | +€113,395 | |
| Distributable reserves | 133 | - | €113,395 | +€113,395 | |
| Profit (loss) carried forward | 14 | €57,882 | - | -€57,882 | |
| Amounts payable | 17/49 | €21,142 | €30,559 | +€9,417 | +44.5% |
| Amounts payable within one year | 42/48 | €20,598 | €30,559 | +€9,962 | +48.4% |
| Trade debts | 44 | €1,207 | €3,735 | +€2,528 | +210% |
| Suppliers | 440/4 | €1,207 | €3,735 | +€2,528 | +210% |
| Taxes, remuneration and social security | 45 | €13,559 | €16,986 | +€3,427 | +25.3% |
| Taxes | 450/3 | €13,559 | €14,486 | +€927 | +6.8% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €5,831 | €9,838 | +€4,006 | +68.7% |
| Accrued charges and deferred income | 492/3 | €545 | - | -€545 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €786 | €1,607 | +€821 | +104% |
| Other operating charges | 640/8 | €248 | €178 | -€69 | -27.9% |
| Gross operating margin | 9900 | €62,357 | €71,827 | +€9,470 | +15.2% |
| Operating profit (loss) | 9901 | €61,323 | €70,041 | +€8,718 | +14.2% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,763 | €45 | -€1,718 | -97.4% |
| Recurring financial charges | 65 | €1,763 | €45 | -€1,718 | -97.4% |
| Profit (loss) for the period before taxes | 9903 | €59,560 | €69,999 | +€10,439 | +17.5% |
| Income taxes | 67/77 | €12,359 | €14,486 | +€2,127 | +17.2% |
| Profit (loss) for the period | 9904 | €47,201 | €55,513 | +€8,312 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,201 | €55,513 | +€8,312 | +17.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.