DO & SA 3: what changed
Two fiscal 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 3
Largest movements
- Receivables within one year +€132,471
up €132,471 (+449.0%), from €29,506 to €161,977
of which Trade receivables: +€138,507
- Cash -€36,956
down €36,956 (-38.6%), from €95,654 to €58,697
mainly Receivables within one year (-€132,471) and Net result for the year (-€59,857)
- Trade debts +€161,380
up €161,380 (+396.2%), from €40,732 to €202,113
- Profit (loss) carried forward -€59,857
down €59,857 (-91.2%), from €65,604 to €5,747
- Tax, wage and social debts -€9,658
down €9,658 (-26.5%), from €36,499 to €26,841
of which Taxes: -€13,443
- Other debts +€4,668
up €4,668 (+102.9%), from €4,539 to €9,207
- Financial charges +€28,443
up €28,443 (+61.5%), from €46,231 to €74,674
- Gross operating margin -€24,166
down €24,166 (-9.7%), from €250,231 to €226,065
- Staff costs +€12,669
up €12,669 (+6.7%), from €188,789 to €201,458
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 | €157,374 | €253,908 | +€96,533 | +61.3% |
| Fixed assets | 21/28 | €32,214 | €32,387 | +€172 | +0.5% |
| Tangible fixed assets | 22/27 | €32,214 | €32,387 | +€172 | +0.5% |
| Plant, machinery and equipment | 23 | €5,071 | €5,050 | -€21 | -0.4% |
| Furniture and vehicles | 24 | €4,705 | €3,872 | -€833 | -17.7% |
| Other tangible fixed assets | 26 | €22,438 | €23,465 | +€1,027 | +4.6% |
| Current assets | 29/58 | €125,160 | €221,521 | +€96,361 | +77.0% |
| Amounts receivable within one year | 40/41 | €29,506 | €161,977 | +€132,471 | +449.0% |
| Trade receivables | 40 | €2,027 | €140,534 | +€138,507 | +6831.5% |
| Other amounts receivable | 41 | €27,479 | €21,443 | -€6,036 | -22.0% |
| Cash at bank and in hand | 54/58 | €95,654 | €58,697 | -€36,956 | -38.6% |
| Deferred charges and accrued income | 490/1 | - | €847 | +€847 | |
| Total equity and liabilities | 10/49 | €157,374 | €253,908 | +€96,533 | +61.3% |
| Equity | 10/15 | €75,604 | €15,747 | -€59,857 | -79.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,604 | €5,747 | -€59,857 | -91.2% |
| Amounts payable | 17/49 | €81,770 | €238,161 | +€156,390 | +191.3% |
| Amounts payable within one year | 42/48 | €81,770 | €238,161 | +€156,390 | +191.3% |
| Trade debts | 44 | €40,732 | €202,113 | +€161,380 | +396.2% |
| Suppliers | 440/4 | €40,732 | €202,113 | +€161,380 | +396.2% |
| Taxes, remuneration and social security | 45 | €36,499 | €26,841 | -€9,658 | -26.5% |
| Taxes | 450/3 | €15,629 | €2,186 | -€13,443 | -86.0% |
| Remuneration and social security | 454/9 | €20,870 | €24,655 | +€3,784 | +18.1% |
| Other amounts payable | 47/48 | €4,539 | €9,207 | +€4,668 | +102.9% |
| Remuneration, social security and pensions | 62 | €188,789 | €201,458 | +€12,669 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,060 | €5,698 | -€362 | -6.0% |
| Other operating charges | 640/8 | €4,170 | €4,097 | -€73 | -1.8% |
| Gross operating margin | 9900 | €250,231 | €226,065 | -€24,166 | -9.7% |
| Operating profit (loss) | 9901 | €51,211 | €14,812 | -€36,400 | -71.1% |
| Financial income | 75/76B | €42 | €5 | -€37 | -88.4% |
| Recurring financial income | 75 | €42 | €5 | -€37 | -88.4% |
| Financial charges | 65/66B | €46,231 | €74,674 | +€28,443 | +61.5% |
| Recurring financial charges | 65 | €46,231 | €74,674 | +€28,443 | +61.5% |
| Profit (loss) for the period before taxes | 9903 | €5,023 | -€59,857 | -€64,880 | |
| Income taxes | 67/77 | -€303 | - | +€303 | |
| Profit (loss) for the period | 9904 | €5,326 | -€59,857 | -€65,183 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,326 | -€59,857 | -€65,183 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.