DOCVDB: 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.
DOCVDB
Largest movements
- Cash +€58,781
up €58,781 (+90.9%), from €64,643 to €123,424
mainly Other debts (+€105,653) and Net result for the year (+€64,213)
- Tangible fixed assets -€4,214
down €4,214 (-29.4%), from €14,354 to €10,140
of which Plant, machinery and equipment: -€3,714
- Receivables after one year -€3,571
no longer reported in 2025 (was €3,571)
- Other debts +€105,653
new in 2025: €105,653
- Profit (loss) carried forward -€75,787
down €75,787 (-97.2%), from €77,944 to €2,157
- Tax, wage and social debts +€24,077
up €24,077 (+3611.6%), from €667 to €24,744
- Current portion of long-term debt -€4,087
down €4,087 (-91.6%), from €4,462 to €375
- Gross operating margin +€37,587
up €37,587 (+76.3%), from €49,254 to €86,841
- Taxes +€8,577
up €8,577 (+97.1%), from €8,834 to €17,410
- Depreciation -€4,798
down €4,798 (-53.2%), from €9,012 to €4,214
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 | €88,970 | €138,753 | +€49,783 | +56.0% |
| Fixed assets | 21/28 | €14,604 | €10,390 | -€4,214 | -28.9% |
| Tangible fixed assets | 22/27 | €14,354 | €10,140 | -€4,214 | -29.4% |
| Plant, machinery and equipment | 23 | €12,883 | €9,169 | -€3,714 | -28.8% |
| Furniture and vehicles | 24 | €1,471 | €971 | -€500 | -34.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €74,366 | €128,363 | +€53,998 | +72.6% |
| Amounts receivable after more than one year | 29 | €3,571 | - | -€3,571 | |
| Trade receivables | 290 | €3,571 | - | -€3,571 | |
| Amounts receivable within one year | 40/41 | €2,182 | €1,166 | -€1,016 | -46.5% |
| Other amounts receivable | 41 | €2,182 | €1,166 | -€1,016 | -46.5% |
| Cash at bank and in hand | 54/58 | €64,643 | €123,424 | +€58,781 | +90.9% |
| Deferred charges and accrued income | 490/1 | €3,971 | €3,773 | -€197 | -5.0% |
| Total equity and liabilities | 10/49 | €88,970 | €138,753 | +€49,783 | +56.0% |
| Equity | 10/15 | €82,444 | €6,657 | -€75,787 | -91.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,944 | €2,157 | -€75,787 | -97.2% |
| Amounts payable | 17/49 | €6,526 | €132,096 | +€125,570 | +1924.0% |
| Amounts payable after more than one year | 17 | €375 | - | -€375 | |
| Financial debts | 170/4 | €375 | - | -€375 | |
| Amounts payable within one year | 42/48 | €6,152 | €132,096 | +€125,945 | +2047.3% |
| Current portion of amounts payable after more than one year | 42 | €4,462 | €375 | -€4,087 | -91.6% |
| Trade debts | 44 | €1,024 | €1,325 | +€302 | +29.5% |
| Suppliers | 440/4 | €1,024 | €1,325 | +€302 | +29.5% |
| Taxes, remuneration and social security | 45 | €667 | €24,744 | +€24,077 | +3611.6% |
| Taxes | 450/3 | €667 | €24,744 | +€24,077 | +3611.6% |
| Other amounts payable | 47/48 | - | €105,653 | +€105,653 | |
| Remuneration, social security and pensions | 62 | €210 | - | -€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,012 | €4,214 | -€4,798 | -53.2% |
| Other operating charges | 640/8 | €749 | €905 | +€155 | +20.7% |
| Gross operating margin | 9900 | €49,254 | €86,841 | +€37,587 | +76.3% |
| Operating profit (loss) | 9901 | €39,283 | €81,722 | +€42,439 | +108.0% |
| Financial income | 75/76B | €212 | €227 | +€15 | +7.1% |
| Recurring financial income | 75 | €212 | €227 | +€15 | +7.1% |
| Financial charges | 65/66B | €243 | €325 | +€82 | +33.8% |
| Recurring financial charges | 65 | €243 | €325 | +€82 | +33.8% |
| Profit (loss) for the period before taxes | 9903 | €39,252 | €81,624 | +€42,372 | +107.9% |
| Income taxes | 67/77 | €8,834 | €17,410 | +€8,577 | +97.1% |
| Profit (loss) for the period | 9904 | €30,418 | €64,213 | +€33,795 | +111.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,418 | €64,213 | +€33,795 | +111.1% |
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 29 September 2026 via checked.be.