DRESS-CODE ONE: 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.
DRESS-CODE ONE
Largest movements
- Cash +€12,842
up €12,842 (+4.9%), from €262,717 to €275,559
mainly Net result for the year (+€107,116) and Trade debts (+€63,481)
- Receivables within one year -€9,667
no longer reported in 2025 (was €9,667)
of which Other amounts receivable: -€9,667
- Stocks and contracts -€4,239
down €4,239 (-3.9%), from €108,631 to €104,393
- Other debts -€174,288
down €174,288 (-99.6%), from €175,076 to €788
- Profit (loss) carried forward +€107,116
up €107,116 (+91.0%), from €117,733 to €224,849
- Trade debts +€63,481
up €63,481 (+174.3%), from €36,422 to €99,902
- Accrued charges and deferred income +€6,983
new in 2025: €6,983
- Gross operating margin +€35,272
up €35,272 (+24.1%), from €146,089 to €181,360
- Taxes +€10,461
up €10,461 (+39.1%), from €26,722 to €37,182
- Staff costs -€2,848
down €2,848 (-6.4%), from €44,701 to €41,854
- Financial income -€2,118
down €2,118 (-16.0%), from €13,204 to €11,086
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 | €396,140 | €398,723 | +€2,583 | +0.7% |
| Fixed assets | 21/28 | €15,092 | €15,898 | +€806 | +5.3% |
| Tangible fixed assets | 22/27 | €15,092 | €15,898 | +€806 | +5.3% |
| Land and buildings | 22 | €984 | - | -€984 | |
| Plant, machinery and equipment | 23 | €9,291 | - | -€9,291 | |
| Furniture and vehicles | 24 | €4,817 | - | -€4,817 | |
| Other tangible fixed assets | 26 | - | €15,898 | +€15,898 | |
| Current assets | 29/58 | €381,048 | €382,825 | +€1,777 | +0.5% |
| Stocks and contracts in progress | 3 | €108,631 | €104,393 | -€4,239 | -3.9% |
| Stocks | 30/36 | €108,631 | €104,393 | -€4,239 | -3.9% |
| Amounts receivable within one year | 40/41 | €9,667 | - | -€9,667 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €9,667 | - | -€9,667 | |
| Cash at bank and in hand | 54/58 | €262,717 | €275,559 | +€12,842 | +4.9% |
| Deferred charges and accrued income | 490/1 | €33 | €2,873 | +€2,840 | +8632.6% |
| Total equity and liabilities | 10/49 | €396,140 | €398,723 | +€2,583 | +0.7% |
| Equity | 10/15 | €164,448 | €271,564 | +€107,116 | +65.1% |
| Contributions | 10/11 | €7,450 | €7,450 | = | 0.0% |
| Reserves | 13 | €39,265 | €39,265 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €37,405 | €39,265 | +€1,860 | +5.0% |
| Profit (loss) carried forward | 14 | €117,733 | €224,849 | +€107,116 | +91.0% |
| Amounts payable | 17/49 | €231,693 | €127,159 | -€104,534 | -45.1% |
| Amounts payable within one year | 42/48 | €231,693 | €120,175 | -€111,517 | -48.1% |
| Trade debts | 44 | €36,422 | €99,902 | +€63,481 | +174.3% |
| Suppliers | 440/4 | €36,422 | €99,902 | +€63,481 | +174.3% |
| Advances received on contracts in progress | 46 | €500 | - | -€500 | |
| Taxes, remuneration and social security | 45 | €19,695 | €19,486 | -€210 | -1.1% |
| Taxes | 450/3 | €13,938 | €13,536 | -€402 | -2.9% |
| Remuneration and social security | 454/9 | €5,758 | €5,950 | +€192 | +3.3% |
| Other amounts payable | 47/48 | €175,076 | €788 | -€174,288 | -99.6% |
| Accrued charges and deferred income | 492/3 | - | €6,983 | +€6,983 | |
| Remuneration, social security and pensions | 62 | €44,701 | €41,854 | -€2,848 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,206 | €4,630 | +€425 | +10.1% |
| Other operating charges | 640/8 | €1,821 | €951 | -€870 | -47.8% |
| Gross operating margin | 9900 | €146,089 | €181,360 | +€35,272 | +24.1% |
| Operating profit (loss) | 9901 | €95,360 | €133,925 | +€38,565 | +40.4% |
| Financial income | 75/76B | €13,204 | €11,086 | -€2,118 | -16.0% |
| Recurring financial income | 75 | €13,204 | €11,086 | -€2,118 | -16.0% |
| Financial charges | 65/66B | €2,101 | €713 | -€1,389 | -66.1% |
| Recurring financial charges | 65 | €2,101 | €713 | -€1,389 | -66.1% |
| Profit (loss) for the period before taxes | 9903 | €106,463 | €144,299 | +€37,836 | +35.5% |
| Income taxes | 67/77 | €26,722 | €37,182 | +€10,461 | +39.1% |
| Profit (loss) for the period | 9904 | €79,741 | €107,116 | +€27,375 | +34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €79,741 | €107,116 | +€27,375 | +34.3% |
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 6 October 2026 via checked.be.