DIVE: 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.
DIVE
Largest movements
- Cash -€56,465
down €56,465 (-52.1%), from €108,401 to €51,936
mainly Trade debts (-€56,801) and Tax, wage and social debts (-€7,721)
- Deferred charges and accrued income +€3,817
up €3,817, from €0 to €3,817
- Tangible fixed assets -€2,171
down €2,171 (-66.2%), from €3,280 to €1,108
- Trade debts -€56,801
down €56,801 (-53.3%), from €106,622 to €49,822
- Reserves +€13,053
up €13,053 (+38.3%), from €34,056 to €47,108
of which Distributable reserves: +€13,053
- Tax, wage and social debts -€7,721
down €7,721 (-16.7%), from €46,276 to €38,555
of which Remuneration and social security: -€13,791
- Other debts -€3,422
down €3,422 (-45.3%), from €7,559 to €4,137
- Gross operating margin -€19,173
down €19,173 (-6.3%), from €306,189 to €287,016
- Staff costs -€10,970
down €10,970 (-4.1%), from €269,622 to €258,652
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 | €213,113 | €158,222 | -€54,891 | -25.8% |
| Fixed assets | 21/28 | €3,465 | €1,293 | -€2,171 | -62.7% |
| Tangible fixed assets | 22/27 | €3,280 | €1,108 | -€2,171 | -66.2% |
| Furniture and vehicles | 24 | €3,280 | €1,108 | -€2,171 | -66.2% |
| Financial fixed assets | 28 | €185 | €185 | = | 0.0% |
| Current assets | 29/58 | €209,648 | €156,928 | -€52,720 | -25.1% |
| Amounts receivable within one year | 40/41 | €101,247 | €101,175 | -€72 | -0.1% |
| Trade receivables | 40 | €94,283 | €92,782 | -€1,501 | -1.6% |
| Other amounts receivable | 41 | €6,964 | €8,393 | +€1,429 | +20.5% |
| Cash at bank and in hand | 54/58 | €108,401 | €51,936 | -€56,465 | -52.1% |
| Deferred charges and accrued income | 490/1 | €0 | €3,817 | +€3,817 | |
| Total equity and liabilities | 10/49 | €213,113 | €158,222 | -€54,891 | -25.8% |
| Equity | 10/15 | €52,656 | €65,708 | +€13,053 | +24.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,056 | €47,108 | +€13,053 | +38.3% |
| Non-distributable reserves | 130/1 | €1,054 | €1,054 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,054 | €1,054 | = | 0.0% |
| Distributable reserves | 133 | €33,001 | €46,054 | +€13,053 | +39.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €160,457 | €92,513 | -€67,944 | -42.3% |
| Amounts payable within one year | 42/48 | €160,457 | €92,513 | -€67,944 | -42.3% |
| Trade debts | 44 | €106,622 | €49,822 | -€56,801 | -53.3% |
| Suppliers | 440/4 | €106,622 | €49,822 | -€56,801 | -53.3% |
| Taxes, remuneration and social security | 45 | €46,276 | €38,555 | -€7,721 | -16.7% |
| Taxes | 450/3 | - | €6,070 | +€6,070 | |
| Remuneration and social security | 454/9 | €46,276 | €32,485 | -€13,791 | -29.8% |
| Other amounts payable | 47/48 | €7,559 | €4,137 | -€3,422 | -45.3% |
| Remuneration, social security and pensions | 62 | €269,622 | €258,652 | -€10,970 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,501 | €3,286 | -€1,215 | -27.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €306,189 | €287,016 | -€19,173 | -6.3% |
| Operating profit (loss) | 9901 | €31,538 | €24,534 | -€7,004 | -22.2% |
| Financial income | 75/76B | €14 | €187 | +€173 | +1,241% |
| Recurring financial income | 75 | €14 | €187 | +€173 | +1,241% |
| Financial charges | 65/66B | €102 | €1,166 | +€1,064 | +1,046% |
| Recurring financial charges | 65 | €102 | €1,166 | +€1,064 | +1,046% |
| Profit (loss) for the period before taxes | 9903 | €31,450 | €23,555 | -€7,895 | -25.1% |
| Income taxes | 67/77 | €9,118 | €6,989 | -€2,130 | -23.4% |
| Profit (loss) for the period | 9904 | €22,332 | €16,566 | -€5,765 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,332 | €16,566 | -€5,765 | -25.8% |
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.