DJAnalysis: 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.
DJAnalysis
Largest movements
- Receivables within one year -€13,701
down €13,701 (-37.2%), from €36,841 to €23,140
of which Other amounts receivable: -€8,656
- Cash -€1,622
down €1,622 (-38.2%), from €4,242 to €2,620
mainly Contributions, distributions and other (-€31,000) and Investment in fixed assets (net) (-€6,322)
- Tangible fixed assets +€626
up €626 (+4.9%), from €12,820 to €13,446
of which Other tangible fixed assets: +€708
- Profit (loss) carried forward -€11,593
down €11,593 (-90.5%), from €12,814 to €1,221
- Accrued charges and deferred income -€3,948
no longer reported in 2025 (was €3,948)
- Trade debts -€2,478
down €2,478 (-73.3%), from €3,379 to €902
- Tax, wage and social debts +€1,332
up €1,332 (+54.4%), from €2,449 to €3,780
- Other debts +€1,000
up €1,000 (+3.3%), from €30,000 to €31,000
- Gross operating margin +€17,875
up €17,875 (+109%), from €16,415 to €34,290
- Taxes +€4,396
up €4,396 (+99.0%), from €4,441 to €8,836
- Depreciation -€816
down €816 (-12.5%), from €6,511 to €5,695
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 | €54,590 | €39,861 | -€14,728 | -27.0% |
| Fixed assets | 21/28 | €12,820 | €13,446 | +€626 | +4.9% |
| Tangible fixed assets | 22/27 | €12,820 | €13,446 | +€626 | +4.9% |
| Furniture and vehicles | 24 | €4,258 | €4,176 | -€82 | -1.9% |
| Other tangible fixed assets | 26 | €8,562 | €9,270 | +€708 | +8.3% |
| Current assets | 29/58 | €41,770 | €26,415 | -€15,355 | -36.8% |
| Amounts receivable within one year | 40/41 | €36,841 | €23,140 | -€13,701 | -37.2% |
| Trade receivables | 40 | €11,549 | €6,505 | -€5,045 | -43.7% |
| Other amounts receivable | 41 | €25,292 | €16,636 | -€8,656 | -34.2% |
| Cash at bank and in hand | 54/58 | €4,242 | €2,620 | -€1,622 | -38.2% |
| Deferred charges and accrued income | 490/1 | €687 | €655 | -€32 | -4.6% |
| Total equity and liabilities | 10/49 | €54,590 | €39,861 | -€14,728 | -27.0% |
| Equity | 10/15 | €14,814 | €3,221 | -€11,593 | -78.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,814 | €1,221 | -€11,593 | -90.5% |
| Amounts payable | 17/49 | €39,776 | €36,641 | -€3,135 | -7.9% |
| Amounts payable within one year | 42/48 | €35,828 | €36,641 | +€813 | +2.3% |
| Financial debts | 43 | - | €959 | +€959 | |
| Credit institutions | 430/8 | - | €959 | +€959 | |
| Trade debts | 44 | €3,379 | €902 | -€2,478 | -73.3% |
| Suppliers | 440/4 | €3,379 | €902 | -€2,478 | -73.3% |
| Taxes, remuneration and social security | 45 | €2,449 | €3,780 | +€1,332 | +54.4% |
| Taxes | 450/3 | €2,449 | €3,780 | +€1,332 | +54.4% |
| Other amounts payable | 47/48 | €30,000 | €31,000 | +€1,000 | +3.3% |
| Accrued charges and deferred income | 492/3 | €3,948 | - | -€3,948 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,511 | €5,695 | -€816 | -12.5% |
| Other operating charges | 640/8 | €1,307 | €1,423 | +€115 | +8.8% |
| Gross operating margin | 9900 | €16,415 | €34,290 | +€17,875 | +109% |
| Operating profit (loss) | 9901 | €8,596 | €27,172 | +€18,576 | +216% |
| Financial income | 75/76B | €1,180 | €1,251 | +€70 | +6.0% |
| Recurring financial income | 75 | €1,180 | €1,251 | +€70 | +6.0% |
| Financial charges | 65/66B | €205 | €180 | -€25 | -12.4% |
| Recurring financial charges | 65 | €205 | €180 | -€25 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €9,572 | €28,243 | +€18,671 | +195% |
| Income taxes | 67/77 | €4,441 | €8,836 | +€4,396 | +99.0% |
| Profit (loss) for the period | 9904 | €5,131 | €19,407 | +€14,276 | +278% |
| Profit (loss) for the period to be appropriated | 9905 | €5,131 | €19,407 | +€14,276 | +278% |
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 14 October 2026 via checked.be.