DISJONCTEUR.BE: 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.
DISJONCTEUR.BE
Largest movements
- Receivables within one year +€37,070
up €37,070 (+50.6%), from €73,267 to €110,336
of which Trade receivables: +€37,140
- Cash +€8,831
up €8,831 (+46.9%), from €18,841 to €27,672
mainly Trade debts (+€47,693) and Net result for the year (+€12,843)
- Trade debts +€47,693
up €47,693 (+494%), from €9,661 to €57,354
- Advances received -€15,264
no longer reported in 2025 (was €15,264)
- Profit (loss) carried forward +€12,843
up €12,843 (+24.0%), from €53,433 to €66,277
- Tax, wage and social debts +€4,489
up €4,489 (+283%), from €1,589 to €6,078
of which Remuneration and social security: +€3,838
- Debts after one year -€3,699
no longer reported in 2025 (was €3,699)
- Gross operating margin +€39,917
up €39,917 (+147%), from €27,237 to €67,154
- Staff costs +€37,555
up €37,555 (+404%), from €9,306 to €46,861
- Financial income +€5,348
up €5,348 (+120,453%), from €4 to €5,353
of which Non-recurring financial income: +€5,353
- Other operating charges -€2,207
down €2,207 (-54.4%), from €4,054 to €1,847
- Financial charges -€805
down €805 (-38.8%), from €2,076 to €1,270
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 | €104,120 | €151,037 | +€46,918 | +45.1% |
| Fixed assets | 21/28 | €11,918 | €12,959 | +€1,041 | +8.7% |
| Tangible fixed assets | 22/27 | €10,993 | €12,034 | +€1,041 | +9.5% |
| Plant, machinery and equipment | 23 | €2,374 | €3,097 | +€722 | +30.4% |
| Furniture and vehicles | 24 | €8,619 | €4,855 | -€3,764 | -43.7% |
| Other tangible fixed assets | 26 | - | €4,082 | +€4,082 | |
| Financial fixed assets | 28 | €925 | €925 | = | 0.0% |
| Current assets | 29/58 | €92,202 | €138,078 | +€45,876 | +49.8% |
| Amounts receivable within one year | 40/41 | €73,267 | €110,336 | +€37,070 | +50.6% |
| Trade receivables | 40 | €69,741 | €106,881 | +€37,140 | +53.3% |
| Other amounts receivable | 41 | €3,526 | €3,456 | -€70 | -2.0% |
| Cash at bank and in hand | 54/58 | €18,841 | €27,672 | +€8,831 | +46.9% |
| Deferred charges and accrued income | 490/1 | €94 | €69 | -€24 | -25.8% |
| Total equity and liabilities | 10/49 | €104,120 | €151,037 | +€46,918 | +45.1% |
| Equity | 10/15 | €69,483 | €82,327 | +€12,843 | +18.5% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €15,550 | €15,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Other | 1319 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,433 | €66,277 | +€12,843 | +24.0% |
| Amounts payable | 17/49 | €34,636 | €68,711 | +€34,074 | +98.4% |
| Amounts payable after more than one year | 17 | €3,699 | - | -€3,699 | |
| Financial debts | 170/4 | €3,699 | - | -€3,699 | |
| Amounts payable within one year | 42/48 | €30,937 | €68,711 | +€37,774 | +122% |
| Current portion of amounts payable after more than one year | 42 | €4,321 | €3,699 | -€622 | -14.4% |
| Trade debts | 44 | €9,661 | €57,354 | +€47,693 | +494% |
| Suppliers | 440/4 | €9,661 | €57,354 | +€47,693 | +494% |
| Advances received on contracts in progress | 46 | €15,264 | - | -€15,264 | |
| Taxes, remuneration and social security | 45 | €1,589 | €6,078 | +€4,489 | +283% |
| Taxes | 450/3 | €386 | €1,037 | +€652 | +169% |
| Remuneration and social security | 454/9 | €1,203 | €5,041 | +€3,838 | +319% |
| Other amounts payable | 47/48 | €102 | €1,579 | +€1,477 | +1,450% |
| Non-recurring operating income | 76A | - | €9,273 | +€9,273 | |
| Remuneration, social security and pensions | 62 | €9,306 | €46,861 | +€37,555 | +404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,621 | €6,148 | +€526 | +9.4% |
| Other operating charges | 640/8 | €4,054 | €1,847 | -€2,207 | -54.4% |
| Gross operating margin | 9900 | €27,237 | €67,154 | +€39,917 | +147% |
| Operating profit (loss) | 9901 | €8,255 | €12,298 | +€4,043 | +49.0% |
| Financial income | 75/76B | €4 | €5,353 | +€5,348 | +120,453% |
| Recurring financial income | 75 | €4 | €5,353 | +€5,348 | +120,453% |
| Non-recurring financial income | 76B | - | €5,353 | +€5,353 | |
| Financial charges | 65/66B | €2,076 | €1,270 | -€805 | -38.8% |
| Recurring financial charges | 65 | €2,076 | €1,270 | -€805 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €6,184 | €16,381 | +€10,197 | +165% |
| Income taxes | 67/77 | €2,773 | €3,537 | +€764 | +27.6% |
| Profit (loss) for the period | 9904 | €3,411 | €12,843 | +€9,432 | +277% |
| Profit (loss) for the period to be appropriated | 9905 | €3,411 | €12,843 | +€9,432 | +277% |
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 27 October 2026 via checked.be.