Dr. RW: 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. RW
Largest movements
- Cash +€16,506
up €16,506 (+166%), from €9,935 to €26,440
mainly Net result for the year (+€24,194) and Depreciation (+€2,571)
- Tangible fixed assets +€4,343
up €4,343 (+167%), from €2,606 to €6,949
of which Plant, machinery and equipment: +€2,179
- Deferred charges and accrued income +€2,384
up €2,384 (+449%), from €531 to €2,915
- Receivables within one year +€956
up €956, from €0 to €956
of which Other amounts receivable: +€956
- Profit (loss) carried forward +€24,194
up €24,194 (+295%), from €8,199 to €32,393
- Tax, wage and social debts -€1,673
down €1,673 (-78.8%), from €2,123 to €450
of which Taxes: -€1,673
- Other debts +€1,666
up €1,666 (+555%), from €300 to €1,966
- Gross operating margin +€23,583
up €23,583 (+224%), from €10,546 to €34,129
- Taxes +€4,421
up €4,421 (+208%), from €2,123 to €6,544
- Depreciation +€2,354
up €2,354 (+1,088%), from €216 to €2,571
- Financial charges +€813
up €813 (+10,833%), from €8 to €820
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 | €13,071 | €37,261 | +€24,189 | +185% |
| Fixed assets | 21/28 | €2,606 | €6,949 | +€4,343 | +167% |
| Tangible fixed assets | 22/27 | €2,606 | €6,949 | +€4,343 | +167% |
| Plant, machinery and equipment | 23 | - | €2,179 | +€2,179 | |
| Furniture and vehicles | 24 | €2,606 | €4,770 | +€2,164 | +83.0% |
| Current assets | 29/58 | €10,465 | €30,311 | +€19,846 | +190% |
| Amounts receivable within one year | 40/41 | €0 | €956 | +€956 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | - | €956 | +€956 | |
| Cash at bank and in hand | 54/58 | €9,935 | €26,440 | +€16,506 | +166% |
| Deferred charges and accrued income | 490/1 | €531 | €2,915 | +€2,384 | +449% |
| Total equity and liabilities | 10/49 | €13,071 | €37,261 | +€24,189 | +185% |
| Equity | 10/15 | €10,599 | €34,793 | +€24,194 | +228% |
| Contributions | 10/11 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,199 | €32,393 | +€24,194 | +295% |
| Amounts payable | 17/49 | €2,472 | €2,467 | -€5 | -0.2% |
| Amounts payable within one year | 42/48 | €2,472 | €2,467 | -€5 | -0.2% |
| Trade debts | 44 | €49 | €51 | +€2 | +4.1% |
| Suppliers | 440/4 | €49 | €51 | +€2 | +4.1% |
| Taxes, remuneration and social security | 45 | €2,123 | €450 | -€1,673 | -78.8% |
| Taxes | 450/3 | €2,123 | €450 | -€1,673 | -78.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €300 | €1,966 | +€1,666 | +555% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €2,571 | +€2,354 | +1,088% |
| Gross operating margin | 9900 | €10,546 | €34,129 | +€23,583 | +224% |
| Operating profit (loss) | 9901 | €10,330 | €31,558 | +€21,228 | +206% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8 | €820 | +€813 | +10,833% |
| Recurring financial charges | 65 | €8 | €820 | +€813 | +10,833% |
| Profit (loss) for the period before taxes | 9903 | €10,322 | €30,738 | +€20,416 | +198% |
| Income taxes | 67/77 | €2,123 | €6,544 | +€4,421 | +208% |
| Profit (loss) for the period | 9904 | €8,199 | €24,194 | +€15,995 | +195% |
| Profit (loss) for the period to be appropriated | 9905 | €8,199 | €24,194 | +€15,995 | +195% |
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 15 October 2026 via checked.be.