DOK 138: 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.
DOK 138
Largest movements
- Receivables within one year -€49,317
down €49,317 (-52.7%), from €93,590 to €44,273
of which Trade receivables: -€63,371
- Cash +€13,129
up €13,129 (+36.7%), from €35,818 to €48,947
mainly Receivables within one year (+€49,317) and Net result for the year (+€9,519)
- Accrued charges and deferred income -€43,896
no longer reported in 2025 (was €43,896)
- Reserves +€9,519
up €9,519 (+10.5%), from €90,310 to €99,829
of which Distributable reserves: +€9,519
- Trade debts -€6,221
down €6,221 (-44.5%), from €13,985 to €7,764
- Tax, wage and social debts +€3,593
new in 2025: €3,593
- Gross operating margin -€2,973
down €2,973 (-16.4%), from €18,091 to €15,119
- Financial charges -€363
down €363 (-62.1%), from €585 to €222
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 | €171,308 | €134,304 | -€37,005 | -21.6% |
| Fixed assets | 21/28 | €3,629 | €2,081 | -€1,548 | -42.7% |
| Tangible fixed assets | 22/27 | €3,629 | €2,081 | -€1,548 | -42.7% |
| Furniture and vehicles | 24 | €3,629 | €2,081 | -€1,548 | -42.7% |
| Current assets | 29/58 | €167,680 | €132,223 | -€35,457 | -21.1% |
| Amounts receivable within one year | 40/41 | €93,590 | €44,273 | -€49,317 | -52.7% |
| Trade receivables | 40 | €91,464 | €28,093 | -€63,371 | -69.3% |
| Other amounts receivable | 41 | €2,126 | €16,180 | +€14,054 | +661% |
| Cash at bank and in hand | 54/58 | €35,818 | €48,947 | +€13,129 | +36.7% |
| Deferred charges and accrued income | 490/1 | €38,271 | €39,002 | +€731 | +1.9% |
| Total equity and liabilities | 10/49 | €171,308 | €134,304 | -€37,005 | -21.6% |
| Equity | 10/15 | €108,860 | €118,379 | +€9,519 | +8.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €90,310 | €99,829 | +€9,519 | +10.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €88,455 | €97,974 | +€9,519 | +10.8% |
| Amounts payable | 17/49 | €62,449 | €15,925 | -€46,524 | -74.5% |
| Amounts payable within one year | 42/48 | €18,552 | €15,925 | -€2,628 | -14.2% |
| Trade debts | 44 | €13,985 | €7,764 | -€6,221 | -44.5% |
| Suppliers | 440/4 | €13,985 | €7,764 | -€6,221 | -44.5% |
| Taxes, remuneration and social security | 45 | - | €3,593 | +€3,593 | |
| Taxes | 450/3 | - | €3,593 | +€3,593 | |
| Other amounts payable | 47/48 | €4,567 | €4,567 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €43,896 | - | -€43,896 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,548 | €1,548 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €400 | -€106 | -20.9% |
| Gross operating margin | 9900 | €18,091 | €15,119 | -€2,973 | -16.4% |
| Operating profit (loss) | 9901 | €16,038 | €13,171 | -€2,867 | -17.9% |
| Financial income | 75/76B | €114 | €35 | -€79 | -69.3% |
| Recurring financial income | 75 | €114 | €35 | -€79 | -69.3% |
| Financial charges | 65/66B | €585 | €222 | -€363 | -62.1% |
| Recurring financial charges | 65 | €585 | €222 | -€363 | -62.1% |
| Profit (loss) for the period before taxes | 9903 | €15,568 | €12,985 | -€2,583 | -16.6% |
| Income taxes | 67/77 | €3,430 | €3,465 | +€35 | +1.0% |
| Profit (loss) for the period | 9904 | €12,137 | €9,519 | -€2,618 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,137 | €9,519 | -€2,618 | -21.6% |
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 21 October 2026 via checked.be.