DISCOVER: 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.
DISCOVER
Largest movements
- Cash +€11,790
up €11,790 (+57120.3%), from €21 to €11,810
mainly Net result for the year (+€18,611) and Tax, wage and social debts (+€5,642)
- Receivables within one year +€11,212
up €11,212 (+6.8%), from €165,616 to €176,828
of which Other amounts receivable: +€10,250
- Reserves +€18,611
up €18,611 (+52.1%), from €35,719 to €54,330
of which Distributable reserves: +€18,611
- Tax, wage and social debts +€5,642
up €5,642 (+78.8%), from €7,162 to €12,804
- Gross operating margin +€31,637
up €31,637 (+777.5%), from €4,069 to €35,706
- Taxes +€6,657
up €6,657 (+651.2%), from €1,022 to €7,679
- Financial charges +€404
up €404 (+2105.5%), from €19 to €423
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 | €172,335 | €195,566 | +€23,230 | +13.5% |
| Fixed assets | 21/28 | €6,699 | €6,928 | +€229 | +3.4% |
| Tangible fixed assets | 22/27 | €302 | €531 | +€229 | +75.8% |
| Plant, machinery and equipment | 23 | - | €303 | +€303 | |
| Furniture and vehicles | 24 | €302 | €228 | -€74 | -24.6% |
| Financial fixed assets | 28 | €6,397 | €6,397 | = | 0.0% |
| Current assets | 29/58 | €165,637 | €188,638 | +€23,001 | +13.9% |
| Amounts receivable within one year | 40/41 | €165,616 | €176,828 | +€11,212 | +6.8% |
| Trade receivables | 40 | €2,479 | €3,441 | +€962 | +38.8% |
| Other amounts receivable | 41 | €163,137 | €173,387 | +€10,250 | +6.3% |
| Cash at bank and in hand | 54/58 | €21 | €11,810 | +€11,790 | +57120.3% |
| Total equity and liabilities | 10/49 | €172,335 | €195,566 | +€23,230 | +13.5% |
| Equity | 10/15 | €162,783 | €181,394 | +€18,611 | +11.4% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €35,719 | €54,330 | +€18,611 | +52.1% |
| Non-distributable reserves | 130/1 | €10,536 | €10,536 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,536 | €10,536 | = | 0.0% |
| Distributable reserves | 133 | €25,184 | €43,795 | +€18,611 | +73.9% |
| Profit (loss) carried forward | 14 | €21,709 | €21,709 | = | 0.0% |
| Amounts payable | 17/49 | €9,553 | €14,172 | +€4,619 | +48.4% |
| Amounts payable within one year | 42/48 | €9,553 | €13,772 | +€4,220 | +44.2% |
| Trade debts | 44 | €2,390 | €968 | -€1,422 | -59.5% |
| Suppliers | 440/4 | €2,390 | €968 | -€1,422 | -59.5% |
| Taxes, remuneration and social security | 45 | €7,162 | €12,804 | +€5,642 | +78.8% |
| Taxes | 450/3 | €7,162 | €12,804 | +€5,642 | +78.8% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69 | €102 | +€33 | +47.2% |
| Other operating charges | 640/8 | €546 | €563 | +€17 | +3.2% |
| Non-recurring operating charges | 66A | - | €8,328 | +€8,328 | |
| Gross operating margin | 9900 | €4,069 | €35,706 | +€31,637 | +777.5% |
| Operating profit (loss) | 9901 | €3,454 | €26,714 | +€23,259 | +673.3% |
| Financial charges | 65/66B | €19 | €423 | +€404 | +2105.5% |
| Recurring financial charges | 65 | €19 | €423 | +€404 | +2105.5% |
| Profit (loss) for the period before taxes | 9903 | €3,435 | €26,290 | +€22,855 | +665.3% |
| Income taxes | 67/77 | €1,022 | €7,679 | +€6,657 | +651.2% |
| Profit (loss) for the period | 9904 | €2,413 | €18,611 | +€16,198 | +671.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,413 | €18,611 | +€16,198 | +671.3% |
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 8 October 2026 via checked.be.