DO 47: 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.
DO 47
Largest movements
- Receivables within one year -€1,232
down €1,232 (-58.3%), from €2,114 to €882
- Tangible fixed assets -€200
down €200 (-50.2%), from €399 to €198
of which Plant, machinery and equipment: -€200
- Cash -€47
down €47 (-5.8%), from €813 to €765
mainly Other debts (-€17,162) and Trade debts (-€1,023)
- Other debts -€17,162
down €17,162 (-96.1%), from €17,864 to €701
- Profit (loss) carried forward +€16,570
up €16,570 (+93.7%), from -€17,689 to -€1,119
- Trade debts -€1,023
down €1,023 (-90.0%), from €1,137 to €114
- Tax, wage and social debts +€737
new in 2025: €737
of which Remuneration and social security: +€716
- Accrued charges and deferred income -€600
no longer reported in 2025 (was €600)
- Gross operating margin +€14,609
up €14,609 (+232%), from €6,299 to €20,908
- Staff costs +€2,647
up €2,647 (+193%), from €1,371 to €4,017
- Depreciation -€883
down €883 (-81.5%), from €1,084 to €200
- Other operating charges -€562
no longer reported in 2025 (was €562)
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 | €3,412 | €1,933 | -€1,479 | -43.4% |
| Fixed assets | 21/28 | €399 | €198 | -€200 | -50.2% |
| Tangible fixed assets | 22/27 | €399 | €198 | -€200 | -50.2% |
| Plant, machinery and equipment | 23 | €398 | €198 | -€200 | -50.2% |
| Furniture and vehicles | 24 | €0 | - | -€0 | |
| Current assets | 29/58 | €3,013 | €1,734 | -€1,279 | -42.4% |
| Stocks and contracts in progress | 3 | €87 | €87 | = | 0.0% |
| Stocks | 30/36 | €87 | €87 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,114 | €882 | -€1,232 | -58.3% |
| Other amounts receivable | 41 | €2,114 | €882 | -€1,232 | -58.3% |
| Cash at bank and in hand | 54/58 | €813 | €765 | -€47 | -5.8% |
| Total equity and liabilities | 10/49 | €3,412 | €1,933 | -€1,479 | -43.4% |
| Equity | 10/15 | -€16,189 | €381 | +€16,570 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,689 | -€1,119 | +€16,570 | +93.7% |
| Amounts payable | 17/49 | €19,601 | €1,552 | -€18,049 | -92.1% |
| Amounts payable within one year | 42/48 | €19,001 | €1,552 | -€17,449 | -91.8% |
| Trade debts | 44 | €1,137 | €114 | -€1,023 | -90.0% |
| Suppliers | 440/4 | €1,137 | €114 | -€1,023 | -90.0% |
| Taxes, remuneration and social security | 45 | - | €737 | +€737 | |
| Taxes | 450/3 | - | €20 | +€20 | |
| Remuneration and social security | 454/9 | - | €716 | +€716 | |
| Other amounts payable | 47/48 | €17,864 | €701 | -€17,162 | -96.1% |
| Accrued charges and deferred income | 492/3 | €600 | - | -€600 | |
| Remuneration, social security and pensions | 62 | €1,371 | €4,017 | +€2,647 | +193% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,084 | €200 | -€883 | -81.5% |
| Other operating charges | 640/8 | €562 | - | -€562 | |
| Gross operating margin | 9900 | €6,299 | €20,908 | +€14,609 | +232% |
| Operating profit (loss) | 9901 | €3,283 | €16,691 | +€13,407 | +408% |
| Financial charges | 65/66B | €181 | €101 | -€80 | -44.3% |
| Recurring financial charges | 65 | €181 | €101 | -€80 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €3,103 | €16,590 | +€13,487 | +435% |
| Income taxes | 67/77 | - | €20 | +€20 | |
| Profit (loss) for the period | 9904 | €3,103 | €16,570 | +€13,467 | +434% |
| Profit (loss) for the period to be appropriated | 9905 | €3,103 | €16,570 | +€13,467 | +434% |
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 29 October 2026 via checked.be.