DOUBLE D: 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.
DOUBLE D
Largest movements
- Cash +€500,527
up €500,527 (+132.5%), from €377,882 to €878,410
mainly Short-term financial debts (+€217,050) and Tax, wage and social debts (+€144,224)
- Receivables within one year +€44,644
up €44,644 (+8.2%), from €547,504 to €592,148
of which Other amounts receivable: +€201,051
- Stocks and contracts -€39,130
down €39,130 (-5.8%), from €675,073 to €635,944
of which Stocks: -€39,130
- Short-term financial debts +€217,050
new in 2025: €217,050
- Tax, wage and social debts +€144,224
up €144,224 (+485.3%), from €29,722 to €173,946
- Advances received +€90,000
up €90,000 (+9.8%), from €914,676 to €1.0m
- Trade debts +€51,045
up €51,045 (+17.6%), from €290,182 to €341,228
- Financial charges +€38,379
up €38,379 (+79.3%), from €48,416 to €86,794
- Gross operating margin +€30,095
up €30,095 (+40.3%), from €74,655 to €104,751
- Other operating charges -€7,728
down €7,728 (-50.8%), from €15,198 to €7,470
- Taxes +€1,450
up €1,450 (+37.3%), from €3,885 to €5,335
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 | €1,620,004 | €2,126,635 | +€506,630 | +31.3% |
| Fixed assets | 21/28 | €400 | €400 | = | 0.0% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €1,619,604 | €2,126,235 | +€506,630 | +31.3% |
| Stocks and contracts in progress | 3 | €675,073 | €635,944 | -€39,130 | -5.8% |
| Stocks | 30/36 | €45,832 | €6,702 | -€39,130 | -85.4% |
| Contracts in progress | 37 | €629,242 | €629,242 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €547,504 | €592,148 | +€44,644 | +8.2% |
| Trade receivables | 40 | €175,656 | €19,249 | -€156,406 | -89.0% |
| Other amounts receivable | 41 | €371,848 | €572,899 | +€201,051 | +54.1% |
| Cash at bank and in hand | 54/58 | €377,882 | €878,410 | +€500,527 | +132.5% |
| Deferred charges and accrued income | 490/1 | €19,144 | €19,733 | +€589 | +3.1% |
| Total equity and liabilities | 10/49 | €1,620,004 | €2,126,635 | +€506,630 | +31.3% |
| Equity | 10/15 | €260,995 | €266,148 | +€5,153 | +2.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €183,719 | €188,872 | +€5,153 | +2.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €183,719 | €188,872 | +€5,153 | +2.8% |
| Profit (loss) carried forward | 14 | €71,075 | €71,075 | = | 0.0% |
| Amounts payable | 17/49 | €1,359,009 | €1,860,487 | +€501,478 | +36.9% |
| Amounts payable within one year | 42/48 | €1,359,009 | €1,860,487 | +€501,478 | +36.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €217,050 | +€217,050 | |
| Credit institutions | 430/8 | - | €217,050 | +€217,050 | |
| Trade debts | 44 | €290,182 | €341,228 | +€51,045 | +17.6% |
| Suppliers | 440/4 | €290,182 | €341,228 | +€51,045 | +17.6% |
| Advances received on contracts in progress | 46 | €914,676 | €1,004,676 | +€90,000 | +9.8% |
| Taxes, remuneration and social security | 45 | €29,722 | €173,946 | +€144,224 | +485.3% |
| Taxes | 450/3 | €29,722 | €173,946 | +€144,224 | +485.3% |
| Other amounts payable | 47/48 | €124,430 | €123,588 | -€842 | -0.7% |
| Other operating charges | 640/8 | €15,198 | €7,470 | -€7,728 | -50.8% |
| Gross operating margin | 9900 | €74,655 | €104,751 | +€30,095 | +40.3% |
| Operating profit (loss) | 9901 | €59,458 | €97,281 | +€37,823 | +63.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €48,416 | €86,794 | +€38,379 | +79.3% |
| Recurring financial charges | 65 | €48,416 | €86,794 | +€38,379 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €11,042 | €10,487 | -€555 | -5.0% |
| Income taxes | 67/77 | €3,885 | €5,335 | +€1,450 | +37.3% |
| Profit (loss) for the period | 9904 | €7,157 | €5,153 | -€2,004 | -28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,157 | €5,153 | -€2,004 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.