DieSEL: 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.
DieSEL
Largest movements
- Tangible fixed assets -€13,591
down €13,591 (-16.8%), from €80,839 to €67,248
- Current investments +€12,957
up €12,957 (+22.7%), from €57,160 to €70,117
- Cash +€8,786
up €8,786 (+31.0%), from €28,372 to €37,158
mainly Net result for the year (+€30,675) and Depreciation (+€20,444)
- Receivables within one year -€8,700
down €8,700 (-67.2%), from €12,942 to €4,242
of which Trade receivables: -€10,112
- Deferred charges and accrued income +€7,188
up €7,188 (+262%), from €2,745 to €9,933
- Profit (loss) carried forward +€30,675
up €30,675 (+35.8%), from €85,789 to €116,464
- Debts after one year -€15,460
down €15,460 (-30.9%), from €49,966 to €34,506
- Trade debts -€8,676
down €8,676 (-41.5%), from €20,904 to €12,228
- Gross operating margin +€38,632
up €38,632 (+150%), from €25,732 to €64,365
- Taxes +€8,245
up €8,245 (+607%), from €1,359 to €9,604
- Depreciation +€1,566
up €1,566 (+8.3%), from €18,878 to €20,444
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 | €182,057 | €188,698 | +€6,642 | +3.6% |
| Fixed assets | 21/28 | €80,839 | €67,248 | -€13,591 | -16.8% |
| Tangible fixed assets | 22/27 | €80,839 | €67,248 | -€13,591 | -16.8% |
| Furniture and vehicles | 24 | €80,839 | €67,248 | -€13,591 | -16.8% |
| Current assets | 29/58 | €101,218 | €121,450 | +€20,232 | +20.0% |
| Amounts receivable within one year | 40/41 | €12,942 | €4,242 | -€8,700 | -67.2% |
| Trade receivables | 40 | €12,677 | €2,565 | -€10,112 | -79.8% |
| Other amounts receivable | 41 | €265 | €1,677 | +€1,412 | +534% |
| Current investments | 50/53 | €57,160 | €70,117 | +€12,957 | +22.7% |
| Cash at bank and in hand | 54/58 | €28,372 | €37,158 | +€8,786 | +31.0% |
| Deferred charges and accrued income | 490/1 | €2,745 | €9,933 | +€7,188 | +262% |
| Total equity and liabilities | 10/49 | €182,057 | €188,698 | +€6,642 | +3.6% |
| Equity | 10/15 | €90,789 | €121,464 | +€30,675 | +33.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,789 | €116,464 | +€30,675 | +35.8% |
| Amounts payable | 17/49 | €91,267 | €67,234 | -€24,033 | -26.3% |
| Amounts payable after more than one year | 17 | €49,966 | €34,506 | -€15,460 | -30.9% |
| Financial debts | 170/4 | €49,966 | €34,506 | -€15,460 | -30.9% |
| Amounts payable within one year | 42/48 | €41,302 | €32,728 | -€8,573 | -20.8% |
| Current portion of amounts payable after more than one year | 42 | €14,787 | €15,460 | +€673 | +4.6% |
| Trade debts | 44 | €20,904 | €12,228 | -€8,676 | -41.5% |
| Suppliers | 440/4 | €20,904 | €12,228 | -€8,676 | -41.5% |
| Taxes, remuneration and social security | 45 | €4,352 | €3,047 | -€1,306 | -30.0% |
| Taxes | 450/3 | €4,352 | €3,047 | -€1,306 | -30.0% |
| Other amounts payable | 47/48 | €1,259 | €1,994 | +€736 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,878 | €20,444 | +€1,566 | +8.3% |
| Other operating charges | 640/8 | €971 | €818 | -€152 | -15.7% |
| Gross operating margin | 9900 | €25,732 | €64,365 | +€38,632 | +150% |
| Operating profit (loss) | 9901 | €5,883 | €43,102 | +€37,219 | +633% |
| Financial income | 75/76B | €4 | €0 | -€4 | -97.5% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -97.5% |
| Financial charges | 65/66B | €3,295 | €2,824 | -€471 | -14.3% |
| Recurring financial charges | 65 | €3,295 | €2,824 | -€471 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,593 | €40,279 | +€37,686 | +1,453% |
| Income taxes | 67/77 | €1,359 | €9,604 | +€8,245 | +607% |
| Profit (loss) for the period | 9904 | €1,234 | €30,675 | +€29,441 | +2,386% |
| Profit (loss) for the period to be appropriated | 9905 | €1,234 | €30,675 | +€29,441 | +2,386% |
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.