DOUBLE M.G.: 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.
DOUBLE M.G.
Largest movements
- Receivables within one year -€26,629
down €26,629 (-12.7%), from €210,491 to €183,862
- Stocks and contracts -€10,231
down €10,231 (-11.6%), from €88,331 to €78,099
- Deferred charges and accrued income +€4,947
new in 2025: €4,947
- Accrued charges and deferred income -€22,444
down €22,444 (-89.4%), from €25,099 to €2,654
- Trade debts -€10,237
down €10,237 (-12.3%), from €83,302 to €73,065
- Other debts +€3,380
up €3,380 (+7.1%), from €47,932 to €51,312
- Other operating charges -€64
no longer reported in 2025 (was €64)
- Gross operating margin +€39
up €39 (+1.5%), from -€2,650 to -€2,611
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 | €299,373 | €267,460 | -€31,913 | -10.7% |
| Fixed assets | 21/28 | €200 | €200 | = | 0.0% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €299,173 | €267,260 | -€31,913 | -10.7% |
| Stocks and contracts in progress | 3 | €88,331 | €78,099 | -€10,231 | -11.6% |
| Stocks | 30/36 | €88,331 | €78,099 | -€10,231 | -11.6% |
| Amounts receivable within one year | 40/41 | €210,491 | €183,862 | -€26,629 | -12.7% |
| Trade receivables | 40 | €210,491 | €183,862 | -€26,629 | -12.7% |
| Cash at bank and in hand | 54/58 | €352 | €352 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | - | €4,947 | +€4,947 | |
| Total equity and liabilities | 10/49 | €299,373 | €267,460 | -€31,913 | -10.7% |
| Equity | 10/15 | €143,041 | €140,430 | -€2,611 | -1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €127,163 | €127,163 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €125,304 | €125,304 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,714 | -€5,326 | -€2,611 | -96.2% |
| Amounts payable | 17/49 | €156,332 | €127,031 | -€29,301 | -18.7% |
| Amounts payable within one year | 42/48 | €131,233 | €124,376 | -€6,857 | -5.2% |
| Trade debts | 44 | €83,302 | €73,065 | -€10,237 | -12.3% |
| Suppliers | 440/4 | €83,302 | €73,065 | -€10,237 | -12.3% |
| Other amounts payable | 47/48 | €47,932 | €51,312 | +€3,380 | +7.1% |
| Accrued charges and deferred income | 492/3 | €25,099 | €2,654 | -€22,444 | -89.4% |
| Other operating charges | 640/8 | €64 | - | -€64 | |
| Gross operating margin | 9900 | -€2,650 | -€2,611 | +€39 | +1.5% |
| Operating profit (loss) | 9901 | -€2,714 | -€2,611 | +€103 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,714 | -€2,611 | +€103 | +3.8% |
| Profit (loss) for the period | 9904 | -€2,714 | -€2,611 | +€103 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,714 | -€2,611 | +€103 | +3.8% |
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 18 October 2026 via checked.be.