DS: 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.
DS
Largest movements
- Receivables within one year +€6,139
up €6,139 (+205.8%), from €2,983 to €9,122
of which Other amounts receivable: +€3,077
- Cash +€3,889
up €3,889 (+53.0%), from €7,343 to €11,232
mainly Net result for the year (+€6,212) and Tax, wage and social debts (+€3,107)
- Tangible fixed assets -€1,146
down €1,146 (-14.4%), from €7,935 to €6,790
of which Plant, machinery and equipment: -€849
- Profit (loss) carried forward +€6,212
up €6,212, from -€4,983 to €1,229
- Tax, wage and social debts +€3,107
up €3,107 (+83.6%), from €3,717 to €6,824
- Current portion of long-term debt -€2,387
no longer reported in 2025 (was €2,387)
- Trade debts +€1,589
up €1,589 (+179.8%), from €884 to €2,473
- Other debts +€400
up €400 (+9.2%), from €4,371 to €4,771
- Gross operating margin -€2,606
down €2,606 (-16.9%), from €15,450 to €12,844
- Taxes +€499
up €499 (+16.6%), from €3,012 to €3,512
- Financial charges -€351
down €351 (-22.5%), from €1,557 to €1,206
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 | €26,829 | €35,749 | +€8,921 | +33.3% |
| Fixed assets | 21/28 | €12,827 | €11,681 | -€1,146 | -8.9% |
| Tangible fixed assets | 22/27 | €7,935 | €6,790 | -€1,146 | -14.4% |
| Plant, machinery and equipment | 23 | €7,638 | €6,790 | -€849 | -11.1% |
| Furniture and vehicles | 24 | €297 | - | -€297 | |
| Financial fixed assets | 28 | €4,891 | €4,891 | = | 0.0% |
| Current assets | 29/58 | €14,002 | €24,068 | +€10,066 | +71.9% |
| Stocks and contracts in progress | 3 | €3,676 | €3,715 | +€39 | +1.1% |
| Stocks | 30/36 | €3,676 | €3,715 | +€39 | +1.1% |
| Amounts receivable within one year | 40/41 | €2,983 | €9,122 | +€6,139 | +205.8% |
| Trade receivables | 40 | €1,736 | €4,798 | +€3,062 | +176.4% |
| Other amounts receivable | 41 | €1,247 | €4,324 | +€3,077 | +246.8% |
| Cash at bank and in hand | 54/58 | €7,343 | €11,232 | +€3,889 | +53.0% |
| Total equity and liabilities | 10/49 | €26,829 | €35,749 | +€8,921 | +33.3% |
| Equity | 10/15 | €15,469 | €21,681 | +€6,212 | +40.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,983 | €1,229 | +€6,212 | |
| Amounts payable | 17/49 | €11,360 | €14,069 | +€2,709 | +23.8% |
| Amounts payable within one year | 42/48 | €11,360 | €14,069 | +€2,709 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €2,387 | - | -€2,387 | |
| Trade debts | 44 | €884 | €2,473 | +€1,589 | +179.8% |
| Suppliers | 440/4 | €884 | €2,473 | +€1,589 | +179.8% |
| Taxes, remuneration and social security | 45 | €3,717 | €6,824 | +€3,107 | +83.6% |
| Taxes | 450/3 | €3,717 | €6,824 | +€3,107 | +83.6% |
| Other amounts payable | 47/48 | €4,371 | €4,771 | +€400 | +9.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,207 | €1,146 | -€61 | -5.0% |
| Other operating charges | 640/8 | €788 | €768 | -€20 | -2.5% |
| Gross operating margin | 9900 | €15,450 | €12,844 | -€2,606 | -16.9% |
| Operating profit (loss) | 9901 | €13,456 | €10,930 | -€2,526 | -18.8% |
| Financial charges | 65/66B | €1,557 | €1,206 | -€351 | -22.5% |
| Recurring financial charges | 65 | €1,557 | €1,206 | -€351 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €11,899 | €9,724 | -€2,175 | -18.3% |
| Income taxes | 67/77 | €3,012 | €3,512 | +€499 | +16.6% |
| Profit (loss) for the period | 9904 | €8,886 | €6,212 | -€2,675 | -30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,886 | €6,212 | -€2,675 | -30.1% |
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 2 October 2026 via checked.be.