DR.NO: 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.
DR.NO
Largest movements
- Receivables within one year +€28,176
up €28,176 (+277.9%), from €10,138 to €38,314
of which Trade receivables: +€35,676
- Cash +€9,195
up €9,195 (+9.1%), from €100,694 to €109,889
mainly Net result for the year (+€21,701) and Other debts (+€13,984)
- Tangible fixed assets -€4,971
down €4,971 (-7.5%), from €66,305 to €61,334
of which Land and buildings: -€64,784
- Deferred charges and accrued income -€3,523
down €3,523 (-92.9%), from €3,794 to €271
- Reserves +€21,701
up €21,701 (+16.0%), from €135,672 to €157,373
of which Distributable reserves: +€21,701
- Other debts +€13,984
up €13,984 (+57.4%), from €24,378 to €38,362
- Tax, wage and social debts -€3,984
down €3,984 (-45.2%), from €8,812 to €4,828
- Current portion of long-term debt -€2,535
no longer reported in 2025 (was €2,535)
- Trade debts -€2,245
down €2,245 (-67.6%), from €3,320 to €1,075
- Gross operating margin -€3,156
down €3,156 (-7.2%), from €43,788 to €40,632
- Depreciation -€2,085
down €2,085 (-29.5%), from €7,056 to €4,971
- Financial charges -€524
down €524 (-24.6%), from €2,132 to €1,608
- Taxes -€455
down €455 (-4.0%), from €11,392 to €10,936
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 | €180,932 | €209,808 | +€28,876 | +16.0% |
| Fixed assets | 21/28 | €66,305 | €61,334 | -€4,971 | -7.5% |
| Tangible fixed assets | 22/27 | €66,305 | €61,334 | -€4,971 | -7.5% |
| Land and buildings | 22 | €64,784 | - | -€64,784 | |
| Plant, machinery and equipment | 23 | €79 | €60,617 | +€60,538 | +77000.9% |
| Furniture and vehicles | 24 | €1,443 | €717 | -€725 | -50.3% |
| Current assets | 29/58 | €114,627 | €148,474 | +€33,848 | +29.5% |
| Amounts receivable within one year | 40/41 | €10,138 | €38,314 | +€28,176 | +277.9% |
| Trade receivables | 40 | €2,638 | €38,314 | +€35,676 | +1352.3% |
| Other amounts receivable | 41 | €7,500 | - | -€7,500 | |
| Cash at bank and in hand | 54/58 | €100,694 | €109,889 | +€9,195 | +9.1% |
| Deferred charges and accrued income | 490/1 | €3,794 | €271 | -€3,523 | -92.9% |
| Total equity and liabilities | 10/49 | €180,932 | €209,808 | +€28,876 | +16.0% |
| Equity | 10/15 | €141,887 | €163,588 | +€21,701 | +15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €135,672 | €157,373 | +€21,701 | +16.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,356 | €2,356 | = | 0.0% |
| Distributable reserves | 133 | €131,456 | €153,157 | +€21,701 | +16.5% |
| Profit (loss) carried forward | 14 | €15 | €15 | = | 0.0% |
| Amounts payable | 17/49 | €39,045 | €46,220 | +€7,175 | +18.4% |
| Amounts payable within one year | 42/48 | €39,045 | €44,265 | +€5,220 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €2,535 | - | -€2,535 | |
| Trade debts | 44 | €3,320 | €1,075 | -€2,245 | -67.6% |
| Suppliers | 440/4 | €3,320 | €1,075 | -€2,245 | -67.6% |
| Taxes, remuneration and social security | 45 | €8,812 | €4,828 | -€3,984 | -45.2% |
| Taxes | 450/3 | €8,812 | €4,828 | -€3,984 | -45.2% |
| Other amounts payable | 47/48 | €24,378 | €38,362 | +€13,984 | +57.4% |
| Accrued charges and deferred income | 492/3 | - | €1,955 | +€1,955 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,056 | €4,971 | -€2,085 | -29.5% |
| Other operating charges | 640/8 | €1,311 | €1,415 | +€104 | +8.0% |
| Gross operating margin | 9900 | €43,788 | €40,632 | -€3,156 | -7.2% |
| Operating profit (loss) | 9901 | €35,421 | €34,245 | -€1,176 | -3.3% |
| Financial income | 75/76B | €298 | - | -€298 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Non-recurring financial income | 76B | €298 | - | -€298 | |
| Financial charges | 65/66B | €2,132 | €1,608 | -€524 | -24.6% |
| Recurring financial charges | 65 | €2,132 | €1,608 | -€524 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €33,587 | €32,638 | -€950 | -2.8% |
| Income taxes | 67/77 | €11,392 | €10,936 | -€455 | -4.0% |
| Profit (loss) for the period | 9904 | €22,196 | €21,701 | -€494 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,196 | €21,701 | -€494 | -2.2% |
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.