Dovetail: 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.
Dovetail
Largest movements
- Receivables within one year +€6,530
up €6,530 (+40.9%), from €15,977 to €22,507
of which Trade receivables: +€4,543
- Tangible fixed assets -€4,105
down €4,105 (-16.3%), from €25,162 to €21,057
of which Other tangible fixed assets: -€2,056
- Cash +€3,763
up €3,763 (+30.8%), from €12,224 to €15,987
mainly Net result for the year (+€30,585) and Other debts (+€7,576)
- Other debts +€7,576
up €7,576 (+26.7%), from €28,351 to €35,927
- Trade debts -€810
down €810 (-34.0%), from €2,387 to €1,577
- Tax, wage and social debts -€712
down €712 (-16.1%), from €4,419 to €3,707
- Gross operating margin +€3,592
up €3,592 (+8.9%), from €40,531 to €44,123
- Depreciation +€833
up €833 (+25.5%), from €3,272 to €4,105
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 | €54,000 | €60,076 | +€6,076 | +11.3% |
| Fixed assets | 21/28 | €25,162 | €21,057 | -€4,105 | -16.3% |
| Tangible fixed assets | 22/27 | €25,162 | €21,057 | -€4,105 | -16.3% |
| Plant, machinery and equipment | 23 | €1,071 | €456 | -€615 | -57.4% |
| Furniture and vehicles | 24 | €4,613 | €3,179 | -€1,435 | -31.1% |
| Other tangible fixed assets | 26 | €19,478 | €17,422 | -€2,056 | -10.6% |
| Current assets | 29/58 | €28,839 | €39,020 | +€10,181 | +35.3% |
| Amounts receivable within one year | 40/41 | €15,977 | €22,507 | +€6,530 | +40.9% |
| Trade receivables | 40 | €15,968 | €20,512 | +€4,543 | +28.5% |
| Other amounts receivable | 41 | €9 | €1,995 | +€1,986 | +22420.9% |
| Cash at bank and in hand | 54/58 | €12,224 | €15,987 | +€3,763 | +30.8% |
| Deferred charges and accrued income | 490/1 | €637 | €526 | -€111 | -17.5% |
| Total equity and liabilities | 10/49 | €54,000 | €60,076 | +€6,076 | +11.3% |
| Equity | 10/15 | €18,550 | €18,550 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €35,450 | €41,526 | +€6,076 | +17.1% |
| Amounts payable within one year | 42/48 | €35,450 | €41,526 | +€6,076 | +17.1% |
| Financial debts | 43 | €293 | €316 | +€23 | +7.9% |
| Credit institutions | 430/8 | €293 | €316 | +€23 | +7.9% |
| Trade debts | 44 | €2,387 | €1,577 | -€810 | -34.0% |
| Suppliers | 440/4 | €2,387 | €1,577 | -€810 | -34.0% |
| Taxes, remuneration and social security | 45 | €4,419 | €3,707 | -€712 | -16.1% |
| Taxes | 450/3 | €4,419 | €3,707 | -€712 | -16.1% |
| Other amounts payable | 47/48 | €28,351 | €35,927 | +€7,576 | +26.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,272 | €4,105 | +€833 | +25.5% |
| Other operating charges | 640/8 | €1,404 | €1,329 | -€75 | -5.3% |
| Non-recurring operating charges | 66A | €50 | €0 | -€50 | -100.0% |
| Gross operating margin | 9900 | €40,531 | €44,123 | +€3,592 | +8.9% |
| Operating profit (loss) | 9901 | €35,805 | €38,689 | +€2,884 | +8.1% |
| Financial income | 75/76B | €0 | €2 | +€2 | |
| Recurring financial income | 75 | €0 | €2 | +€2 | |
| Financial charges | 65/66B | €90 | €102 | +€12 | +13.5% |
| Recurring financial charges | 65 | €90 | €102 | +€12 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €35,715 | €38,589 | +€2,875 | +8.0% |
| Income taxes | 67/77 | €7,603 | €8,005 | +€401 | +5.3% |
| Profit (loss) for the period | 9904 | €28,111 | €30,585 | +€2,473 | +8.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,111 | €30,585 | +€2,473 | +8.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.