Diplomatic Express: 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.
Diplomatic Express
Largest movements
- Tangible fixed assets +€93,131
new in 2025: €93,131
of which Other tangible fixed assets: +€83,664
- Cash -€89,107
down €89,107 (-88.0%), from €101,257 to €12,150
mainly Investment in fixed assets (net) (-€97,954) and Receivables within one year (-€80,486)
- Receivables within one year +€80,486
up €80,486 (+89.4%), from €90,035 to €170,521
of which Trade receivables: +€71,669
- Deferred charges and accrued income +€6,384
up €6,384 (+2063.4%), from €309 to €6,693
- Trade debts +€50,147
up €50,147 (+62.3%), from €80,523 to €130,670
- Other debts +€20,891
up €20,891 (+1094.9%), from €1,908 to €22,799
- Debts after one year +€14,373
new in 2025: €14,373
- Current portion of long-term debt +€3,785
new in 2025: €3,785
- Gross operating margin -€53,292
down €53,292 (-82.1%), from €64,949 to €11,658
- Taxes -€19,018
down €19,018 (-92.8%), from €20,491 to €1,473
- Depreciation +€4,823
new in 2025: €4,823
- Financial income +€3,135
up €3,135 (+925.7%), from €339 to €3,473
- Other operating charges +€1,710
up €1,710 (+133.8%), from €1,278 to €2,989
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 | €191,601 | €282,496 | +€90,894 | +47.4% |
| Fixed assets | 21/28 | - | €93,131 | +€93,131 | |
| Tangible fixed assets | 22/27 | - | €93,131 | +€93,131 | |
| Plant, machinery and equipment | 23 | - | €9,467 | +€9,467 | |
| Other tangible fixed assets | 26 | - | €83,664 | +€83,664 | |
| Current assets | 29/58 | €191,601 | €189,365 | -€2,237 | -1.2% |
| Amounts receivable within one year | 40/41 | €90,035 | €170,521 | +€80,486 | +89.4% |
| Trade receivables | 40 | €86,394 | €158,064 | +€71,669 | +83.0% |
| Other amounts receivable | 41 | €3,641 | €12,458 | +€8,817 | +242.2% |
| Cash at bank and in hand | 54/58 | €101,257 | €12,150 | -€89,107 | -88.0% |
| Deferred charges and accrued income | 490/1 | €309 | €6,693 | +€6,384 | +2063.4% |
| Total equity and liabilities | 10/49 | €191,601 | €282,496 | +€90,894 | +47.4% |
| Equity | 10/15 | €89,106 | €88,012 | -€1,094 | -1.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,882 | €69,882 | = | 0.0% |
| Distributable reserves | 133 | €69,882 | €69,882 | = | 0.0% |
| Profit (loss) carried forward | 14 | €624 | -€470 | -€1,094 | |
| Amounts payable | 17/49 | €102,495 | €194,484 | +€91,988 | +89.7% |
| Amounts payable after more than one year | 17 | - | €14,373 | +€14,373 | |
| Financial debts | 170/4 | - | €14,373 | +€14,373 | |
| Amounts payable within one year | 42/48 | €102,495 | €180,111 | +€77,616 | +75.7% |
| Current portion of amounts payable after more than one year | 42 | - | €3,785 | +€3,785 | |
| Trade debts | 44 | €80,523 | €130,670 | +€50,147 | +62.3% |
| Suppliers | 440/4 | €80,523 | €130,670 | +€50,147 | +62.3% |
| Taxes, remuneration and social security | 45 | €20,064 | €22,857 | +€2,793 | +13.9% |
| Taxes | 450/3 | €20,064 | €22,857 | +€2,793 | +13.9% |
| Other amounts payable | 47/48 | €1,908 | €22,799 | +€20,891 | +1094.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,823 | +€4,823 | |
| Other operating charges | 640/8 | €1,278 | €2,989 | +€1,710 | +133.8% |
| Gross operating margin | 9900 | €64,949 | €11,658 | -€53,292 | -82.1% |
| Operating profit (loss) | 9901 | €63,671 | €3,846 | -€59,825 | -94.0% |
| Financial income | 75/76B | €339 | €3,473 | +€3,135 | +925.7% |
| Recurring financial income | 75 | €339 | €3,473 | +€3,135 | +925.7% |
| Financial charges | 65/66B | €6,056 | €6,941 | +€885 | +14.6% |
| Recurring financial charges | 65 | €6,056 | €6,941 | +€885 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €57,954 | €379 | -€57,576 | -99.3% |
| Income taxes | 67/77 | €20,491 | €1,473 | -€19,018 | -92.8% |
| Profit (loss) for the period | 9904 | €37,463 | -€1,094 | -€38,557 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,463 | -€1,094 | -€38,557 |
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 4 October 2026 via checked.be.