DIMITRI DAVID: 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.
DIMITRI DAVID
Largest movements
- Cash +€65,085
up €65,085 (+63.0%), from €103,304 to €168,389
mainly Net result for the year (+€69,206) and Depreciation (+€571)
- Receivables within one year +€4,665
up €4,665 (+31.5%), from €14,826 to €19,491
of which Other amounts receivable: +€3,372
- Profit (loss) carried forward +€69,206
up €69,206 (+59.0%), from €117,361 to €186,567
- Gross operating margin +€10,404
up €10,404 (+13.0%), from €80,256 to €90,660
- Taxes +€2,202
up €2,202 (+14.1%), from €15,635 to €17,837
- Other operating charges -€963
down €963 (-61.3%), from €1,571 to €608
- Financial charges -€959
down €959 (-28.2%), from €3,397 to €2,438
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 | €155,257 | €224,435 | +€69,178 | +44.6% |
| Formation expenses | 20 | €676 | €444 | -€232 | -34.3% |
| Fixed assets | 21/28 | €451 | €111 | -€340 | -75.4% |
| Tangible fixed assets | 22/27 | €451 | €111 | -€340 | -75.4% |
| Furniture and vehicles | 24 | €451 | €111 | -€340 | -75.4% |
| Current assets | 29/58 | €154,130 | €223,880 | +€69,750 | +45.3% |
| Amounts receivable after more than one year | 29 | €36,000 | €36,000 | = | 0.0% |
| Other amounts receivable | 291 | €36,000 | €36,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,826 | €19,491 | +€4,665 | +31.5% |
| Trade receivables | 40 | €14,498 | €15,791 | +€1,293 | +8.9% |
| Other amounts receivable | 41 | €328 | €3,700 | +€3,372 | +1028.0% |
| Cash at bank and in hand | 54/58 | €103,304 | €168,389 | +€65,085 | +63.0% |
| Total equity and liabilities | 10/49 | €155,257 | €224,435 | +€69,178 | +44.6% |
| Equity | 10/15 | €132,361 | €201,567 | +€69,206 | +52.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,361 | €186,567 | +€69,206 | +59.0% |
| Amounts payable | 17/49 | €22,896 | €22,868 | -€28 | -0.1% |
| Amounts payable within one year | 42/48 | €18,746 | €18,518 | -€228 | -1.2% |
| Trade debts | 44 | - | €269 | +€269 | |
| Suppliers | 440/4 | - | €269 | +€269 | |
| Taxes, remuneration and social security | 45 | €18,746 | €18,249 | -€497 | -2.7% |
| Taxes | 450/3 | €18,746 | €16,082 | -€2,664 | -14.2% |
| Remuneration and social security | 454/9 | - | €2,167 | +€2,167 | |
| Accrued charges and deferred income | 492/3 | €4,150 | €4,350 | +€200 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €571 | €571 | = | 0.0% |
| Other operating charges | 640/8 | €1,571 | €608 | -€963 | -61.3% |
| Gross operating margin | 9900 | €80,256 | €90,660 | +€10,404 | +13.0% |
| Operating profit (loss) | 9901 | €78,114 | €89,481 | +€11,367 | +14.6% |
| Financial charges | 65/66B | €3,397 | €2,438 | -€959 | -28.2% |
| Recurring financial charges | 65 | €3,397 | €2,438 | -€959 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €74,717 | €87,043 | +€12,326 | +16.5% |
| Income taxes | 67/77 | €15,635 | €17,837 | +€2,202 | +14.1% |
| Profit (loss) for the period | 9904 | €59,082 | €69,206 | +€10,124 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,082 | €69,206 | +€10,124 | +17.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.