DO & SA: 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 & SA
Largest movements
- Cash -€26,355
down €26,355 (-89.7%), from €29,371 to €3,016
mainly Tax, wage and social debts (-€17,144) and Net result for the year (-€12,668)
- Tangible fixed assets +€1,000
new in 2025: €1,000
- Tax, wage and social debts -€17,144
down €17,144 (-20.1%), from €85,237 to €68,093
of which Taxes: -€13,391
- Profit (loss) carried forward -€12,668
down €12,668 (-14.7%), from -€85,953 to -€98,620
- Other debts +€5,000
new in 2025: €5,000
- Trade debts -€2,989
down €2,989 (-4.9%), from €60,548 to €57,559
- Short-term financial debts +€2,962
new in 2025: €2,962
- Gross operating margin -€190,541
down €190,541 (-93.6%), from €203,465 to €12,924
- Other operating charges -€21,342
down €21,342 (-48.2%), from €44,261 to €22,920
- Financial charges -€16,788
down €16,788 (-88.9%), from €18,882 to €2,094
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 | €99,831 | €74,993 | -€24,838 | -24.9% |
| Fixed assets | 21/28 | - | €1,000 | +€1,000 | |
| Tangible fixed assets | 22/27 | - | €1,000 | +€1,000 | |
| Furniture and vehicles | 24 | - | €1,000 | +€1,000 | |
| Current assets | 29/58 | €99,831 | €73,993 | -€25,838 | -25.9% |
| Amounts receivable within one year | 40/41 | €70,460 | €70,978 | +€517 | +0.7% |
| Trade receivables | 40 | - | €1,223 | +€1,223 | |
| Other amounts receivable | 41 | €70,460 | €69,754 | -€706 | -1.0% |
| Cash at bank and in hand | 54/58 | €29,371 | €3,016 | -€26,355 | -89.7% |
| Total equity and liabilities | 10/49 | €99,831 | €74,993 | -€24,838 | -24.9% |
| Equity | 10/15 | -€45,953 | -€58,620 | -€12,668 | -27.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,953 | -€98,620 | -€12,668 | -14.7% |
| Amounts payable | 17/49 | €145,784 | €133,614 | -€12,170 | -8.3% |
| Amounts payable within one year | 42/48 | €145,784 | €133,614 | -€12,170 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €2,962 | +€2,962 | |
| Credit institutions | 430/8 | - | €2,962 | +€2,962 | |
| Trade debts | 44 | €60,548 | €57,559 | -€2,989 | -4.9% |
| Suppliers | 440/4 | €60,548 | €57,559 | -€2,989 | -4.9% |
| Taxes, remuneration and social security | 45 | €85,237 | €68,093 | -€17,144 | -20.1% |
| Taxes | 450/3 | €15,671 | €2,280 | -€13,391 | -85.4% |
| Remuneration and social security | 454/9 | €69,565 | €65,812 | -€3,753 | -5.4% |
| Other amounts payable | 47/48 | - | €5,000 | +€5,000 | |
| Non-recurring operating income | 76A | €152,694 | - | -€152,694 | |
| Remuneration, social security and pensions | 62 | €1,051 | - | -€1,051 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €97 | €15 | -€82 | -84.6% |
| Other operating charges | 640/8 | €44,261 | €22,920 | -€21,342 | -48.2% |
| Non-recurring operating charges | 66A | €152,694 | - | -€152,694 | |
| Gross operating margin | 9900 | €203,465 | €12,924 | -€190,541 | -93.6% |
| Operating profit (loss) | 9901 | €5,361 | -€10,011 | -€15,372 | |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €18,882 | €2,094 | -€16,788 | -88.9% |
| Recurring financial charges | 65 | €18,882 | €2,094 | -€16,788 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€13,521 | -€11,955 | +€1,566 | +11.6% |
| Income taxes | 67/77 | - | €713 | +€713 | |
| Profit (loss) for the period | 9904 | -€13,521 | -€12,668 | +€853 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,521 | -€12,668 | +€853 | +6.3% |
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 17 October 2026 via checked.be.