Docshifter: 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.
Docshifter
Largest movements
- Cash +€1.5m
up €1.5m (+210.5%), from €693,037 to €2.2m
mainly Net result for the year (+€568,961) and Current investments (+€450,000)
- Current investments -€450,000
down €450,000 (-100.0%), from €450,000 to €0
- Receivables within one year -€400,300
down €400,300 (-54.2%), from €738,859 to €338,559
of which Other amounts receivable: -€242,884
- Intangible fixed assets +€47,561
up €47,561 (+16.3%), from €292,185 to €339,746
- Reserves +€568,961
up €568,961 (+77.8%), from €731,197 to €1.3m
of which Distributable reserves: +€568,961
- Trade debts +€120,522
up €120,522 (+1116.6%), from €10,794 to €131,315
- Gross operating margin +€415,509
up €415,509 (+55.8%), from €744,830 to €1.2m
- Staff costs +€104,230
up €104,230 (+62.6%), from €166,596 to €270,826
- Taxes +€61,706
up €61,706 (+49.4%), from €124,807 to €186,513
- Depreciation +€36,510
up €36,510 (+46.6%), from €78,317 to €114,828
- Financial charges +€22,478
up €22,478 (+134.3%), from €16,735 to €39,214
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,249,924 | €2,940,176 | +€690,252 | +30.7% |
| Fixed assets | 21/28 | €301,897 | €371,628 | +€69,731 | +23.1% |
| Intangible fixed assets | 21 | €292,185 | €339,746 | +€47,561 | +16.3% |
| Tangible fixed assets | 22/27 | €9,687 | €31,732 | +€22,045 | +227.6% |
| Plant, machinery and equipment | 23 | €9,687 | €4,976 | -€4,711 | -48.6% |
| Furniture and vehicles | 24 | - | €26,756 | +€26,756 | |
| Financial fixed assets | 28 | €25 | €150 | +€125 | +500.0% |
| Current assets | 29/58 | €1,948,027 | €2,568,548 | +€620,520 | +31.9% |
| Amounts receivable within one year | 40/41 | €738,859 | €338,559 | -€400,300 | -54.2% |
| Trade receivables | 40 | €485,953 | €328,537 | -€157,416 | -32.4% |
| Other amounts receivable | 41 | €252,905 | €10,021 | -€242,884 | -96.0% |
| Current investments | 50/53 | €450,000 | €0 | -€450,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €693,037 | €2,151,672 | +€1.5m | +210.5% |
| Deferred charges and accrued income | 490/1 | €66,132 | €78,318 | +€12,186 | +18.4% |
| Total equity and liabilities | 10/49 | €2,249,924 | €2,940,176 | +€690,252 | +30.7% |
| Equity | 10/15 | €824,747 | €1,393,708 | +€568,961 | +69.0% |
| Contributions | 10/11 | €93,550 | €93,550 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €32,050 | €32,050 | = | 0.0% |
| Share premium | 1100/10 | €32,050 | €32,050 | = | 0.0% |
| Reserves | 13 | €731,197 | €1,300,158 | +€568,961 | +77.8% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €725,047 | €1,294,008 | +€568,961 | +78.5% |
| Amounts payable | 17/49 | €1,425,177 | €1,546,468 | +€121,291 | +8.5% |
| Amounts payable within one year | 42/48 | €37,121 | €185,082 | +€147,961 | +398.6% |
| Trade debts | 44 | €10,794 | €131,315 | +€120,522 | +1116.6% |
| Suppliers | 440/4 | €10,794 | €131,315 | +€120,522 | +1116.6% |
| Taxes, remuneration and social security | 45 | €26,328 | €53,767 | +€27,439 | +104.2% |
| Taxes | 450/3 | €214 | €18,247 | +€18,033 | +8420.9% |
| Remuneration and social security | 454/9 | €26,114 | €35,519 | +€9,406 | +36.0% |
| Accrued charges and deferred income | 492/3 | €1,388,055 | €1,361,386 | -€26,670 | -1.9% |
| Remuneration, social security and pensions | 62 | €166,596 | €270,826 | +€104,230 | +62.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,317 | €114,828 | +€36,510 | +46.6% |
| Other operating charges | 640/8 | €1,197 | €1,149 | -€48 | -4.0% |
| Gross operating margin | 9900 | €744,830 | €1,160,339 | +€415,509 | +55.8% |
| Operating profit (loss) | 9901 | €498,720 | €773,537 | +€274,817 | +55.1% |
| Financial income | 75/76B | €19,794 | €21,151 | +€1,357 | +6.9% |
| Recurring financial income | 75 | €19,794 | €21,151 | +€1,357 | +6.9% |
| Financial charges | 65/66B | €16,735 | €39,214 | +€22,478 | +134.3% |
| Recurring financial charges | 65 | €16,735 | €39,214 | +€22,478 | +134.3% |
| Profit (loss) for the period before taxes | 9903 | €501,779 | €755,474 | +€253,695 | +50.6% |
| Income taxes | 67/77 | €124,807 | €186,513 | +€61,706 | +49.4% |
| Profit (loss) for the period | 9904 | €376,972 | €568,961 | +€191,989 | +50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €376,972 | €568,961 | +€191,989 | +50.9% |
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 12 October 2026 via checked.be.