DOC2CD: what changed
DOC2CD
Largest movements
- Tangible fixed assets +€279,643
up €279,643 (+15,750%), from €1,776 to €281,419
of which Other tangible fixed assets: +€235,938
- Cash -€51,646
down €51,646 (-37.6%), from €137,528 to €85,882
mainly Investment in fixed assets (net) (-€322,624) and Current investments (-€50,000)
- Current investments +€50,000
new in 2025: €50,000
- Deferred charges and accrued income -€7,959
down €7,959 (-21.2%), from €37,527 to €29,569
- Receivables within one year +€5,822
new in 2025: €5,822
- Debts after one year +€268,877
new in 2025: €268,877
- Tax, wage and social debts -€21,478
down €21,478 (-40.6%), from €52,965 to €31,487
of which Taxes: -€21,478
- Current portion of long-term debt +€15,023
new in 2025: €15,023
- Profit (loss) carried forward +€14,993
up €14,993 (+12.9%), from €116,666 to €131,659
- Depreciation +€41,915
up €41,915 (+3,932%), from €1,066 to €42,981
- Gross operating margin -€19,539
down €19,539 (-14.6%), from €133,606 to €114,067
- Taxes -€15,172
down €15,172 (-52.4%), from €28,953 to €13,781
- Financial charges +€5,095
up €5,095 (+20,380%), from €25 to €5,120
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,831 | €452,691 | +€275,860 | +156% |
| Fixed assets | 21/28 | €1,776 | €281,419 | +€279,643 | +15,750% |
| Tangible fixed assets | 22/27 | €1,776 | €281,419 | +€279,643 | +15,750% |
| Land and buildings | 22 | - | €42,336 | +€42,336 | |
| Plant, machinery and equipment | 23 | €1,776 | €710 | -€1,066 | -60.0% |
| Furniture and vehicles | 24 | - | €2,435 | +€2,435 | |
| Other tangible fixed assets | 26 | - | €235,938 | +€235,938 | |
| Current assets | 29/58 | €175,055 | €171,272 | -€3,783 | -2.2% |
| Amounts receivable within one year | 40/41 | - | €5,822 | +€5,822 | |
| Other amounts receivable | 41 | - | €5,822 | +€5,822 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €137,528 | €85,882 | -€51,646 | -37.6% |
| Deferred charges and accrued income | 490/1 | €37,527 | €29,569 | -€7,959 | -21.2% |
| Total equity and liabilities | 10/49 | €176,831 | €452,691 | +€275,860 | +156% |
| Equity | 10/15 | €117,666 | €132,659 | +€14,993 | +12.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €116,666 | €131,659 | +€14,993 | +12.9% |
| Amounts payable | 17/49 | €59,164 | €320,032 | +€260,868 | +441% |
| Amounts payable after more than one year | 17 | - | €268,877 | +€268,877 | |
| Financial debts | 170/4 | - | €268,877 | +€268,877 | |
| Amounts payable within one year | 42/48 | €59,164 | €51,155 | -€8,009 | -13.5% |
| Current portion of amounts payable after more than one year | 42 | - | €15,023 | +€15,023 | |
| Trade debts | 44 | €4,012 | €4,645 | +€633 | +15.8% |
| Suppliers | 440/4 | €4,012 | €4,645 | +€633 | +15.8% |
| Taxes, remuneration and social security | 45 | €52,965 | €31,487 | -€21,478 | -40.6% |
| Taxes | 450/3 | €50,381 | €28,903 | -€21,478 | -42.6% |
| Remuneration and social security | 454/9 | €2,584 | €2,584 | = | 0.0% |
| Other amounts payable | 47/48 | €2,187 | - | -€2,187 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,066 | €42,981 | +€41,915 | +3,932% |
| Other operating charges | 640/8 | - | €268 | +€268 | |
| Gross operating margin | 9900 | €133,606 | €114,067 | -€19,539 | -14.6% |
| Operating profit (loss) | 9901 | €132,540 | €70,818 | -€61,722 | -46.6% |
| Financial income | 75/76B | - | €575 | +€575 | |
| Recurring financial income | 75 | - | €575 | +€575 | |
| Financial charges | 65/66B | €25 | €5,120 | +€5,095 | +20,380% |
| Recurring financial charges | 65 | €25 | €5,120 | +€5,095 | +20,380% |
| Profit (loss) for the period before taxes | 9903 | €132,515 | €66,274 | -€66,242 | -50.0% |
| Income taxes | 67/77 | €28,953 | €13,781 | -€15,172 | -52.4% |
| Profit (loss) for the period | 9904 | €103,562 | €52,493 | -€51,070 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,562 | €52,493 | -€51,070 | -49.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.