DOUBLE-U: what changed
DOUBLE-U
Largest movements
- Cash +€23,618
up €23,618 (+109%), from €21,574 to €45,192
mainly Net result for the year (+€39,840) and Other debts (+€31,394)
- Current investments +€9,090
up €9,090 (+49.4%), from €18,408 to €27,498
- Stocks and contracts -€4,688
down €4,688 (-32.5%), from €14,444 to €9,756
- Receivables within one year +€3,967
up €3,967 (+13.3%), from €29,898 to €33,865
of which Trade receivables: +€8,611
- Intangible fixed assets +€2,017
up €2,017 (+29.7%), from €6,784 to €8,801
- Other debts +€31,394
up €31,394 (+386%), from €8,133 to €39,527
- Trade debts -€8,115
down €8,115 (-23.1%), from €35,077 to €26,963
- Tax, wage and social debts +€4,858
up €4,858 (+19.7%), from €24,697 to €29,555
of which Taxes: +€5,383
- Reserves +€3,400
up €3,400 (+9.4%), from €36,055 to €39,455
of which Distributable reserves: +€3,400
- Debts after one year +€2,037
new in 2025: €2,037
- Gross operating margin +€56,802
up €56,802 (+95.3%), from €59,617 to €116,419
- Taxes +€11,678
up €11,678 (+913%), from €1,279 to €12,957
- Other operating charges +€3,956
up €3,956 (+183%), from €2,162 to €6,118
- Staff costs -€1,384
down €1,384 (-2.9%), from €47,955 to €46,572
- Financial charges +€1,352
up €1,352 (+36.4%), from €3,715 to €5,067
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 | €118,439 | €153,999 | +€35,560 | +30.0% |
| Fixed assets | 21/28 | €23,166 | €25,788 | +€2,622 | +11.3% |
| Intangible fixed assets | 21 | €6,784 | €8,801 | +€2,017 | +29.7% |
| Tangible fixed assets | 22/27 | €14,934 | €15,539 | +€605 | +4.1% |
| Plant, machinery and equipment | 23 | €1,504 | €1,240 | -€264 | -17.5% |
| Furniture and vehicles | 24 | €4,279 | €7,010 | +€2,732 | +63.8% |
| Other tangible fixed assets | 26 | €9,151 | €7,289 | -€1,862 | -20.4% |
| Financial fixed assets | 28 | €1,448 | €1,448 | = | 0.0% |
| Current assets | 29/58 | €95,272 | €128,211 | +€32,938 | +34.6% |
| Stocks and contracts in progress | 3 | €14,444 | €9,756 | -€4,688 | -32.5% |
| Stocks | 30/36 | €14,444 | €9,756 | -€4,688 | -32.5% |
| Amounts receivable within one year | 40/41 | €29,898 | €33,865 | +€3,967 | +13.3% |
| Trade receivables | 40 | €21,561 | €30,172 | +€8,611 | +39.9% |
| Other amounts receivable | 41 | €8,337 | €3,692 | -€4,645 | -55.7% |
| Current investments | 50/53 | €18,408 | €27,498 | +€9,090 | +49.4% |
| Cash at bank and in hand | 54/58 | €21,574 | €45,192 | +€23,618 | +109% |
| Deferred charges and accrued income | 490/1 | €10,948 | €11,900 | +€952 | +8.7% |
| Total equity and liabilities | 10/49 | €118,439 | €153,999 | +€35,560 | +30.0% |
| Equity | 10/15 | €50,506 | €54,245 | +€3,740 | +7.4% |
| Contributions | 10/11 | €4,100 | €4,100 | = | 0.0% |
| Reserves | 13 | €36,055 | €39,455 | +€3,400 | +9.4% |
| Tax-exempt reserves | 132 | €95 | €95 | = | 0.0% |
| Distributable reserves | 133 | €35,960 | €39,360 | +€3,400 | +9.5% |
| Profit (loss) carried forward | 14 | €10,351 | €10,690 | +€340 | +3.3% |
| Amounts payable | 17/49 | €67,933 | €99,754 | +€31,821 | +46.8% |
| Amounts payable after more than one year | 17 | - | €2,037 | +€2,037 | |
| Financial debts | 170/4 | - | €2,037 | +€2,037 | |
| Amounts payable within one year | 42/48 | €67,907 | €97,277 | +€29,370 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | - | €1,233 | +€1,233 | |
| Trade debts | 44 | €35,077 | €26,963 | -€8,115 | -23.1% |
| Suppliers | 440/4 | €35,077 | €26,963 | -€8,115 | -23.1% |
| Taxes, remuneration and social security | 45 | €24,697 | €29,555 | +€4,858 | +19.7% |
| Taxes | 450/3 | €14,412 | €19,795 | +€5,383 | +37.4% |
| Remuneration and social security | 454/9 | €10,285 | €9,760 | -€526 | -5.1% |
| Other amounts payable | 47/48 | €8,133 | €39,527 | +€31,394 | +386% |
| Accrued charges and deferred income | 492/3 | €26 | €439 | +€413 | +1,610% |
| Remuneration, social security and pensions | 62 | €47,955 | €46,572 | -€1,384 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,453 | €6,544 | +€1,091 | +20.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€448 | €0 | +€448 | |
| Other operating charges | 640/8 | €2,162 | €6,118 | +€3,956 | +183% |
| Gross operating margin | 9900 | €59,617 | €116,419 | +€56,802 | +95.3% |
| Operating profit (loss) | 9901 | €4,495 | €57,186 | +€52,691 | +1,172% |
| Financial income | 75/76B | €219 | €678 | +€458 | +209% |
| Recurring financial income | 75 | €219 | €678 | +€458 | +209% |
| Financial charges | 65/66B | €3,715 | €5,067 | +€1,352 | +36.4% |
| Recurring financial charges | 65 | €3,715 | €5,067 | +€1,352 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €999 | €52,796 | +€51,797 | +5,183% |
| Income taxes | 67/77 | €1,279 | €12,957 | +€11,678 | +913% |
| Profit (loss) for the period | 9904 | -€279 | €39,840 | +€40,119 | |
| Profit (loss) for the period to be appropriated | 9905 | -€279 | €39,840 | +€40,119 |
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 3 November 2026 via checked.be.