Display Direct: 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.
Display Direct
Largest movements
- Receivables within one year +€152,740
up €152,740 (+75.0%), from €203,704 to €356,444
of which Other amounts receivable: +€320,993
- Cash -€132,670
down €132,670 (-81.4%), from €162,928 to €30,258
mainly Receivables within one year (-€152,740) and Trade debts (-€4,294)
- Reserves +€23,726
up €23,726 (+10.2%), from €233,049 to €256,775
of which Distributable reserves: +€23,726
- Trade debts -€4,294
down €4,294 (-44.3%), from €9,698 to €5,404
- Gross operating margin -€23,875
down €23,875 (-52.8%), from €45,179 to €21,304
- Taxes +€8,137
up €8,137, from -€8,137 to €0
- Financial income +€3,516
new in 2025: €3,516
- Other operating charges -€458
down €458 (-30.4%), from €1,505 to €1,048
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 | €366,632 | €386,702 | +€20,071 | +5.5% |
| Current assets | 29/58 | €366,632 | €386,702 | +€20,071 | +5.5% |
| Amounts receivable within one year | 40/41 | €203,704 | €356,444 | +€152,740 | +75.0% |
| Trade receivables | 40 | €171,780 | €3,528 | -€168,252 | -97.9% |
| Other amounts receivable | 41 | €31,924 | €352,917 | +€320,993 | +1005.5% |
| Cash at bank and in hand | 54/58 | €162,928 | €30,258 | -€132,670 | -81.4% |
| Total equity and liabilities | 10/49 | €366,632 | €386,702 | +€20,071 | +5.5% |
| Equity | 10/15 | €356,934 | €380,659 | +€23,726 | +6.6% |
| Contributions | 10/11 | €270,489 | €270,489 | = | 0.0% |
| Capital | 10 | €270,489 | €270,489 | = | 0.0% |
| Issued capital | 100 | €270,489 | €270,489 | = | 0.0% |
| Reserves | 13 | €233,049 | €256,775 | +€23,726 | +10.2% |
| Non-distributable reserves | 130/1 | €27,049 | €27,049 | = | 0.0% |
| Legal reserve | 130 | €27,049 | €27,049 | = | 0.0% |
| Distributable reserves | 133 | €206,000 | €229,726 | +€23,726 | +11.5% |
| Profit (loss) carried forward | 14 | -€146,605 | -€146,605 | = | 0.0% |
| Amounts payable | 17/49 | €9,698 | €6,043 | -€3,655 | -37.7% |
| Amounts payable within one year | 42/48 | €9,698 | €6,043 | -€3,655 | -37.7% |
| Trade debts | 44 | €9,698 | €5,404 | -€4,294 | -44.3% |
| Suppliers | 440/4 | €9,698 | €5,404 | -€4,294 | -44.3% |
| Taxes, remuneration and social security | 45 | - | €639 | +€639 | |
| Taxes | 450/3 | - | €639 | +€639 | |
| Other operating charges | 640/8 | €1,505 | €1,048 | -€458 | -30.4% |
| Gross operating margin | 9900 | €45,179 | €21,304 | -€23,875 | -52.8% |
| Operating profit (loss) | 9901 | €43,674 | €20,257 | -€23,417 | -53.6% |
| Financial income | 75/76B | - | €3,516 | +€3,516 | |
| Recurring financial income | 75 | - | €3,516 | +€3,516 | |
| Financial charges | 65/66B | €58 | €47 | -€10 | -17.8% |
| Recurring financial charges | 65 | €58 | €47 | -€10 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €43,616 | €23,726 | -€19,891 | -45.6% |
| Income taxes | 67/77 | -€8,137 | €0 | +€8,137 | |
| Profit (loss) for the period | 9904 | €51,753 | €23,726 | -€28,027 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,753 | €23,726 | -€28,027 | -54.2% |
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 11 October 2026 via checked.be.