Dr. AC: 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.
Dr. AC
Largest movements
- Cash +€27,513
up €27,513 (+738%), from €3,728 to €31,241
mainly Net result for the year (+€41,415) and Trade debts (+€17,251)
- Tangible fixed assets +€18,094
up €18,094 (+1,049%), from €1,725 to €19,819
of which Other tangible fixed assets: +€16,469
- Receivables after one year +€15,000
new in 2025: €15,000
- Receivables within one year +€6,661
up €6,661 (+303%), from €2,197 to €8,857
of which Other amounts receivable: +€5,723
- Reserves +€40,497
new in 2025: €40,497
- Trade debts +€17,251
new in 2025: €17,251
- Tax, wage and social debts +€12,078
up €12,078 (+13,079%), from €92 to €12,170
- Accrued charges and deferred income -€2,100
no longer reported in 2025 (was €2,100)
- Other debts -€1,376
no longer reported in 2025 (was €1,376)
- Gross operating margin +€56,813
up €56,813, from -€283 to €56,531
- Taxes +€11,985
up €11,985 (+12,979%), from €92 to €12,078
- Other operating charges +€1,894
up €1,894 (+443%), from €427 to €2,322
- Depreciation +€955
up €955 (+880%), from €109 to €1,064
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 | €7,650 | €74,918 | +€67,268 | +879% |
| Fixed assets | 21/28 | €1,725 | €19,819 | +€18,094 | +1,049% |
| Tangible fixed assets | 22/27 | €1,725 | €19,819 | +€18,094 | +1,049% |
| Plant, machinery and equipment | 23 | €1,725 | €3,350 | +€1,625 | +94.2% |
| Other tangible fixed assets | 26 | - | €16,469 | +€16,469 | |
| Current assets | 29/58 | €5,925 | €55,099 | +€49,174 | +830% |
| Amounts receivable after more than one year | 29 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 291 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €2,197 | €8,857 | +€6,661 | +303% |
| Trade receivables | 40 | €2,197 | €3,135 | +€938 | +42.7% |
| Other amounts receivable | 41 | - | €5,723 | +€5,723 | |
| Cash at bank and in hand | 54/58 | €3,728 | €31,241 | +€27,513 | +738% |
| Total equity and liabilities | 10/49 | €7,650 | €74,918 | +€67,268 | +879% |
| Equity | 10/15 | €4,082 | €45,497 | +€41,415 | +1,015% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €40,497 | +€40,497 | |
| Distributable reserves | 133 | - | €40,497 | +€40,497 | |
| Profit (loss) carried forward | 14 | -€918 | - | +€918 | |
| Amounts payable | 17/49 | €3,569 | €29,421 | +€25,852 | +724% |
| Amounts payable within one year | 42/48 | €1,469 | €29,421 | +€27,952 | +1,903% |
| Trade debts | 44 | - | €17,251 | +€17,251 | |
| Suppliers | 440/4 | - | €17,251 | +€17,251 | |
| Taxes, remuneration and social security | 45 | €92 | €12,170 | +€12,078 | +13,079% |
| Taxes | 450/3 | €92 | €12,170 | +€12,078 | +13,079% |
| Other amounts payable | 47/48 | €1,376 | - | -€1,376 | |
| Accrued charges and deferred income | 492/3 | €2,100 | - | -€2,100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109 | €1,064 | +€955 | +880% |
| Other operating charges | 640/8 | €427 | €2,322 | +€1,894 | +443% |
| Gross operating margin | 9900 | -€283 | €56,531 | +€56,813 | |
| Operating profit (loss) | 9901 | -€819 | €53,145 | +€53,964 | |
| Financial income | 75/76B | - | €450 | +€450 | |
| Recurring financial income | 75 | - | €450 | +€450 | |
| Financial charges | 65/66B | €8 | €102 | +€95 | +1,257% |
| Recurring financial charges | 65 | €8 | €102 | +€95 | +1,257% |
| Profit (loss) for the period before taxes | 9903 | -€826 | €53,493 | +€54,319 | |
| Income taxes | 67/77 | €92 | €12,078 | +€11,985 | +12,979% |
| Profit (loss) for the period | 9904 | -€918 | €41,415 | +€42,334 | |
| Profit (loss) for the period to be appropriated | 9905 | -€918 | €41,415 | +€42,334 |
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 13 October 2026 via checked.be.