Disco Volante: 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.
Disco Volante
Largest movements
- Current investments -€113,990
down €113,990 (-89.8%), from €127,000 to €13,010
- Cash +€24,477
up €24,477 (+17.8%), from €137,281 to €161,758
mainly Other debts (+€160,703) and Current investments (+€113,990)
- Tangible fixed assets -€9,000
down €9,000 (-28.1%), from €32,055 to €23,055
- Reserves -€268,387
down €268,387 (-100%), from €268,387 to €0
- Other debts +€160,703
up €160,703 (+2,785%), from €5,771 to €166,474
- Tax, wage and social debts +€39,061
up €39,061 (+464%), from €8,410 to €47,471
- Trade debts -€27,667
down €27,667 (-97.4%), from €28,418 to €751
- Gross operating margin +€34,368
up €34,368 (+35.0%), from €98,300 to €132,668
- Taxes +€8,580
up €8,580 (+46.8%), from €18,329 to €26,909
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 | €313,986 | €217,696 | -€96,290 | -30.7% |
| Fixed assets | 21/28 | €32,331 | €23,331 | -€9,000 | -27.8% |
| Tangible fixed assets | 22/27 | €32,055 | €23,055 | -€9,000 | -28.1% |
| Plant, machinery and equipment | 23 | €32,055 | €23,055 | -€9,000 | -28.1% |
| Financial fixed assets | 28 | €276 | €276 | = | 0.0% |
| Current assets | 29/58 | €281,655 | €194,365 | -€87,290 | -31.0% |
| Amounts receivable within one year | 40/41 | €17,128 | €19,488 | +€2,360 | +13.8% |
| Trade receivables | 40 | €13,068 | €15,428 | +€2,360 | +18.1% |
| Other amounts receivable | 41 | €4,060 | €4,060 | = | 0.0% |
| Current investments | 50/53 | €127,000 | €13,010 | -€113,990 | -89.8% |
| Cash at bank and in hand | 54/58 | €137,281 | €161,758 | +€24,477 | +17.8% |
| Deferred charges and accrued income | 490/1 | €247 | €110 | -€137 | -55.6% |
| Total equity and liabilities | 10/49 | €313,986 | €217,696 | -€96,290 | -30.7% |
| Equity | 10/15 | €271,387 | €3,000 | -€268,387 | -98.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €268,387 | €0 | -€268,387 | -100% |
| Distributable reserves | 133 | €268,387 | €0 | -€268,387 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €42,599 | €214,696 | +€172,097 | +404% |
| Amounts payable within one year | 42/48 | €42,599 | €214,696 | +€172,097 | +404% |
| Trade debts | 44 | €28,418 | €751 | -€27,667 | -97.4% |
| Suppliers | 440/4 | €28,418 | €751 | -€27,667 | -97.4% |
| Taxes, remuneration and social security | 45 | €8,410 | €47,471 | +€39,061 | +464% |
| Taxes | 450/3 | €8,410 | €47,471 | +€39,061 | +464% |
| Other amounts payable | 47/48 | €5,771 | €166,474 | +€160,703 | +2,785% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,000 | €9,000 | = | 0.0% |
| Other operating charges | 640/8 | €1,210 | €1,080 | -€130 | -10.8% |
| Gross operating margin | 9900 | €98,300 | €132,668 | +€34,368 | +35.0% |
| Operating profit (loss) | 9901 | €88,090 | €122,589 | +€34,499 | +39.2% |
| Financial income | 75/76B | €3,424 | €3,454 | +€31 | +0.9% |
| Recurring financial income | 75 | €3,424 | €3,454 | +€31 | +0.9% |
| Financial charges | 65/66B | €2,544 | €1,977 | -€568 | -22.3% |
| Recurring financial charges | 65 | €2,544 | €1,977 | -€568 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €88,969 | €124,066 | +€35,097 | +39.4% |
| Income taxes | 67/77 | €18,329 | €26,909 | +€8,580 | +46.8% |
| Profit (loss) for the period | 9904 | €70,640 | €97,157 | +€26,517 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €70,640 | €97,157 | +€26,517 | +37.5% |
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 24 October 2026 via checked.be.