DOK18: what changed
DOK18
Largest movements
- Tangible fixed assets -€76,142
down €76,142 (-19.5%), from €390,572 to €314,431
of which Furniture and vehicles: -€68,008
- Receivables within one year +€47,323
up €47,323 (+88.5%), from €53,477 to €100,799
of which Other amounts receivable: +€52,761
- Cash +€7,111
up €7,111 (+23.7%), from €29,965 to €37,077
mainly Depreciation (+€120,017) and Net result for the year (+€24,773)
- Debts after one year -€35,146
down €35,146 (-14.1%), from €249,218 to €214,072
- Current portion of long-term debt -€25,022
down €25,022 (-18.3%), from €136,767 to €111,744
- Reserves +€24,773
up €24,773 (+24.7%), from €100,301 to €125,074
of which Distributable reserves: +€24,773
- Trade debts +€9,242
up €9,242 (+173%), from €5,356 to €14,598
- Tax, wage and social debts +€5,518
up €5,518 (+218%), from €2,535 to €8,052
of which Taxes: +€5,581
- Gross operating margin -€20,318
down €20,318 (-9.4%), from €215,461 to €195,143
- Financial charges -€5,621
down €5,621 (-32.8%), from €17,158 to €11,537
- Taxes -€4,181
down €4,181 (-42.8%), from €9,762 to €5,581
- Depreciation -€3,525
down €3,525 (-2.9%), from €123,542 to €120,017
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 | €500,376 | €480,556 | -€19,820 | -4.0% |
| Fixed assets | 21/28 | €390,572 | €314,431 | -€76,142 | -19.5% |
| Tangible fixed assets | 22/27 | €390,572 | €314,431 | -€76,142 | -19.5% |
| Plant, machinery and equipment | 23 | €67,630 | €59,497 | -€8,133 | -12.0% |
| Furniture and vehicles | 24 | €276,588 | €208,580 | -€68,008 | -24.6% |
| Other tangible fixed assets | 26 | €46,354 | €46,354 | = | 0.0% |
| Current assets | 29/58 | €109,803 | €166,126 | +€56,322 | +51.3% |
| Amounts receivable within one year | 40/41 | €53,477 | €100,799 | +€47,323 | +88.5% |
| Trade receivables | 40 | €35,659 | €30,221 | -€5,438 | -15.3% |
| Other amounts receivable | 41 | €17,818 | €70,579 | +€52,761 | +296% |
| Cash at bank and in hand | 54/58 | €29,965 | €37,077 | +€7,111 | +23.7% |
| Deferred charges and accrued income | 490/1 | €26,361 | €28,250 | +€1,888 | +7.2% |
| Total equity and liabilities | 10/49 | €500,376 | €480,556 | -€19,820 | -4.0% |
| Equity | 10/15 | €106,501 | €131,274 | +€24,773 | +23.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,301 | €125,074 | +€24,773 | +24.7% |
| Non-distributable reserves | 130/1 | €505 | €505 | = | 0.0% |
| Reserves not available under the articles | 1311 | €505 | €505 | = | 0.0% |
| Distributable reserves | 133 | €99,796 | €124,569 | +€24,773 | +24.8% |
| Amounts payable | 17/49 | €393,875 | €349,282 | -€44,593 | -11.3% |
| Amounts payable after more than one year | 17 | €249,218 | €214,072 | -€35,146 | -14.1% |
| Financial debts | 170/4 | €249,218 | €214,072 | -€35,146 | -14.1% |
| Amounts payable within one year | 42/48 | €144,657 | €134,394 | -€10,263 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €136,767 | €111,744 | -€25,022 | -18.3% |
| Trade debts | 44 | €5,356 | €14,598 | +€9,242 | +173% |
| Suppliers | 440/4 | €5,356 | €14,598 | +€9,242 | +173% |
| Taxes, remuneration and social security | 45 | €2,535 | €8,052 | +€5,518 | +218% |
| Taxes | 450/3 | - | €5,581 | +€5,581 | |
| Remuneration and social security | 454/9 | €2,535 | €2,471 | -€63 | -2.5% |
| Accrued charges and deferred income | 492/3 | - | €817 | +€817 | |
| Non-recurring operating income | 76A | €15,575 | €27,366 | +€11,790 | +75.7% |
| Remuneration, social security and pensions | 62 | €33,994 | €32,541 | -€1,453 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,542 | €120,017 | -€3,525 | -2.9% |
| Other operating charges | 640/8 | €528 | €694 | +€166 | +31.4% |
| Gross operating margin | 9900 | €215,461 | €195,143 | -€20,318 | -9.4% |
| Operating profit (loss) | 9901 | €57,397 | €41,891 | -€15,506 | -27.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17,158 | €11,537 | -€5,621 | -32.8% |
| Recurring financial charges | 65 | €17,158 | €11,537 | -€5,621 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €40,239 | €30,354 | -€9,885 | -24.6% |
| Income taxes | 67/77 | €9,762 | €5,581 | -€4,181 | -42.8% |
| Profit (loss) for the period | 9904 | €30,476 | €24,773 | -€5,703 | -18.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,476 | €24,773 | -€5,703 | -18.7% |
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 5 November 2026 via checked.be.