DOUBLE O'NINE: 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 O'NINE
Largest movements
- Current investments +€54,978
up €54,978 (+122%), from €45,187 to €100,165
- Tangible fixed assets +€13,647
up €13,647 (+55.7%), from €24,502 to €38,149
of which Plant, machinery and equipment: +€11,089
- Receivables within one year +€6,610
up €6,610 (+44.6%), from €14,836 to €21,446
of which Other amounts receivable: +€4,360
- Stocks and contracts -€5,414
down €5,414 (-2.6%), from €205,906 to €200,492
- Deferred charges and accrued income +€4,761
up €4,761 (+127%), from €3,744 to €8,504
- Reserves +€69,773
up €69,773 (+93.7%), from €74,449 to €144,222
of which Distributable reserves: +€69,773
- Tax, wage and social debts +€10,214
up €10,214 (+158%), from €6,483 to €16,697
- Debts after one year -€8,963
down €8,963 (-100%), from €8,963 to €0
- Trade debts +€6,819
up €6,819 (+58.8%), from €11,600 to €18,419
- Current portion of long-term debt -€4,481
down €4,481 (-33.3%), from €13,443 to €8,963
- Gross operating margin +€55,553
up €55,553 (+150%), from €37,066 to €92,619
- Write-downs -€24,674
down €24,674, from €11,286 to -€13,388
- Taxes +€21,951
up €21,951 (+350%), from €6,274 to €28,225
- Financial income +€1,591
up €1,591 (+33.2%), from €4,797 to €6,388
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 | €323,078 | €396,215 | +€73,137 | +22.6% |
| Fixed assets | 21/28 | €24,626 | €38,273 | +€13,647 | +55.4% |
| Tangible fixed assets | 22/27 | €24,502 | €38,149 | +€13,647 | +55.7% |
| Plant, machinery and equipment | 23 | €8,643 | €19,732 | +€11,089 | +128% |
| Furniture and vehicles | 24 | €15,859 | €18,417 | +€2,558 | +16.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €298,452 | €357,942 | +€59,490 | +19.9% |
| Stocks and contracts in progress | 3 | €205,906 | €200,492 | -€5,414 | -2.6% |
| Stocks | 30/36 | €205,906 | €200,492 | -€5,414 | -2.6% |
| Amounts receivable within one year | 40/41 | €14,836 | €21,446 | +€6,610 | +44.6% |
| Trade receivables | 40 | €2,899 | €5,149 | +€2,250 | +77.6% |
| Other amounts receivable | 41 | €11,937 | €16,297 | +€4,360 | +36.5% |
| Current investments | 50/53 | €45,187 | €100,165 | +€54,978 | +122% |
| Cash at bank and in hand | 54/58 | €28,779 | €27,334 | -€1,445 | -5.0% |
| Deferred charges and accrued income | 490/1 | €3,744 | €8,504 | +€4,761 | +127% |
| Total equity and liabilities | 10/49 | €323,078 | €396,215 | +€73,137 | +22.6% |
| Equity | 10/15 | €279,017 | €348,790 | +€69,773 | +25.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €74,449 | €144,222 | +€69,773 | +93.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €11,999 | €81,772 | +€69,773 | +581% |
| Profit (loss) carried forward | 14 | €142,568 | €142,568 | = | 0.0% |
| Amounts payable | 17/49 | €44,061 | €47,425 | +€3,364 | +7.6% |
| Amounts payable after more than one year | 17 | €8,963 | €0 | -€8,963 | -100% |
| Financial debts | 170/4 | €8,963 | €0 | -€8,963 | -100% |
| Amounts payable within one year | 42/48 | €34,899 | €47,318 | +€12,419 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €13,443 | €8,963 | -€4,481 | -33.3% |
| Trade debts | 44 | €11,600 | €18,419 | +€6,819 | +58.8% |
| Suppliers | 440/4 | €11,600 | €18,419 | +€6,819 | +58.8% |
| Taxes, remuneration and social security | 45 | €6,483 | €16,697 | +€10,214 | +158% |
| Taxes | 450/3 | €6,483 | €16,697 | +€10,214 | +158% |
| Other amounts payable | 47/48 | €3,373 | €3,240 | -€133 | -3.9% |
| Accrued charges and deferred income | 492/3 | €199 | €106 | -€93 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,038 | €10,682 | +€644 | +6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,286 | -€13,388 | -€24,674 | |
| Other operating charges | 640/8 | €798 | €1,158 | +€360 | +45.1% |
| Gross operating margin | 9900 | €37,066 | €92,619 | +€55,553 | +150% |
| Operating profit (loss) | 9901 | €14,945 | €94,167 | +€79,223 | +530% |
| Financial income | 75/76B | €4,797 | €6,388 | +€1,591 | +33.2% |
| Recurring financial income | 75 | €4,797 | €6,388 | +€1,591 | +33.2% |
| Financial charges | 65/66B | €3,100 | €2,557 | -€542 | -17.5% |
| Recurring financial charges | 65 | €3,100 | €2,557 | -€542 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €16,642 | €97,998 | +€81,356 | +489% |
| Income taxes | 67/77 | €6,274 | €28,225 | +€21,951 | +350% |
| Profit (loss) for the period | 9904 | €10,368 | €69,773 | +€59,405 | +573% |
| Profit (loss) for the period to be appropriated | 9905 | €10,368 | €69,773 | +€59,405 | +573% |
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 27 October 2026 via checked.be.