DR DAXHELET S.: 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 DAXHELET S.
Largest movements
- Cash +€23,435
up €23,435 (+158%), from €14,845 to €38,280
mainly Net result for the year (+€35,154) and Depreciation (+€8,120)
- Tangible fixed assets -€6,248
down €6,248 (-9.2%), from €68,061 to €61,813
of which Other tangible fixed assets: -€6,992
- Receivables within one year +€4,345
up €4,345 (+81.1%), from €5,359 to €9,704
of which Other amounts receivable: +€2,531
- Deferred charges and accrued income -€1,297
down €1,297 (-26.0%), from €4,986 to €3,690
- Profit (loss) carried forward +€35,154
up €35,154 (+51.4%), from €68,427 to €103,581
- Other debts -€14,671
down €14,671 (-83.8%), from €17,515 to €2,845
- Gross operating margin +€2,109
up €2,109 (+3.7%), from €56,794 to €58,903
- Other operating charges +€795
up €795 (+30.3%), from €2,623 to €3,419
- Financial charges +€610
up €610 (+32.3%), from €1,892 to €2,502
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 | €93,251 | €113,486 | +€20,235 | +21.7% |
| Fixed assets | 21/28 | €68,061 | €61,813 | -€6,248 | -9.2% |
| Tangible fixed assets | 22/27 | €68,061 | €61,813 | -€6,248 | -9.2% |
| Furniture and vehicles | 24 | €3,793 | €4,537 | +€744 | +19.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €64,268 | €57,276 | -€6,992 | -10.9% |
| Current assets | 29/58 | €25,190 | €51,673 | +€26,483 | +105% |
| Amounts receivable within one year | 40/41 | €5,359 | €9,704 | +€4,345 | +81.1% |
| Trade receivables | 40 | - | €1,814 | +€1,814 | |
| Other amounts receivable | 41 | €5,359 | €7,890 | +€2,531 | +47.2% |
| Cash at bank and in hand | 54/58 | €14,845 | €38,280 | +€23,435 | +158% |
| Deferred charges and accrued income | 490/1 | €4,986 | €3,690 | -€1,297 | -26.0% |
| Total equity and liabilities | 10/49 | €93,251 | €113,486 | +€20,235 | +21.7% |
| Equity | 10/15 | €73,427 | €108,581 | +€35,154 | +47.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,427 | €103,581 | +€35,154 | +51.4% |
| Amounts payable | 17/49 | €19,824 | €4,905 | -€14,919 | -75.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €19,824 | €4,905 | -€14,919 | -75.3% |
| Trade debts | 44 | €2,141 | €1,548 | -€592 | -27.7% |
| Suppliers | 440/4 | €2,141 | €1,548 | -€592 | -27.7% |
| Taxes, remuneration and social security | 45 | €168 | €512 | +€344 | +205% |
| Remuneration and social security | 454/9 | €168 | €512 | +€344 | +205% |
| Other amounts payable | 47/48 | €17,515 | €2,845 | -€14,671 | -83.8% |
| Non-recurring operating income | 76A | - | €750 | +€750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,917 | €8,120 | +€203 | +2.6% |
| Other operating charges | 640/8 | €2,623 | €3,419 | +€795 | +30.3% |
| Gross operating margin | 9900 | €56,794 | €58,903 | +€2,109 | +3.7% |
| Operating profit (loss) | 9901 | €46,254 | €47,364 | +€1,111 | +2.4% |
| Financial income | 75/76B | €80 | €0 | -€80 | -100% |
| Recurring financial income | 75 | €80 | €0 | -€80 | -100% |
| Financial charges | 65/66B | €1,892 | €2,502 | +€610 | +32.3% |
| Recurring financial charges | 65 | €1,892 | €2,502 | +€610 | +32.3% |
| Profit (loss) for the period before taxes | 9903 | €44,442 | €44,862 | +€420 | +0.9% |
| Income taxes | 67/77 | €9,902 | €9,708 | -€195 | -2.0% |
| Profit (loss) for the period | 9904 | €34,539 | €35,154 | +€615 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,539 | €35,154 | +€615 | +1.8% |
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 28 October 2026 via checked.be.