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
- Current investments -€150,525
down €150,525 (-72.3%), from €208,110 to €57,585
- Cash -€40,463
down €40,463 (-39.6%), from €102,058 to €61,595
mainly Other debts (-€236,662) and Debts after one year (-€15,151)
- Tangible fixed assets -€30,543
down €30,543 (-32.4%), from €94,236 to €63,694
of which Other tangible fixed assets: -€21,366
- Other debts -€236,662
down €236,662 (-96.3%), from €245,730 to €9,069
- Reserves +€46,947
up €46,947 (+6316.6%), from €743 to €47,690
- Debts after one year -€15,151
down €15,151 (-19.6%), from €77,495 to €62,344
- Tax, wage and social debts -€9,010
down €9,010 (-18.3%), from €49,211 to €40,201
of which Taxes: -€10,020
- Trade debts -€6,765
down €6,765 (-23.4%), from €28,872 to €22,106
- Gross operating margin -€31,921
down €31,921 (-9.5%), from €337,293 to €305,372
- Staff costs +€10,326
up €10,326 (+5.3%), from €194,157 to €204,483
- Taxes -€7,832
down €7,832 (-38.0%), from €20,594 to €12,762
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 | €437,117 | €217,361 | -€219,756 | -50.3% |
| Fixed assets | 21/28 | €94,236 | €63,694 | -€30,543 | -32.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €94,236 | €63,694 | -€30,543 | -32.4% |
| Plant, machinery and equipment | 23 | €12,140 | €6,955 | -€5,185 | -42.7% |
| Furniture and vehicles | 24 | €5,205 | €1,213 | -€3,992 | -76.7% |
| Other tangible fixed assets | 26 | €76,892 | €55,526 | -€21,366 | -27.8% |
| Current assets | 29/58 | €342,880 | €153,667 | -€189,214 | -55.2% |
| Stocks and contracts in progress | 3 | €26,392 | €25,149 | -€1,243 | -4.7% |
| Stocks | 30/36 | €26,392 | €25,149 | -€1,243 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,970 | €5,850 | +€3,879 | +196.9% |
| Trade receivables | 40 | €1,811 | €813 | -€998 | -55.1% |
| Other amounts receivable | 41 | €160 | €5,037 | +€4,878 | +3057.5% |
| Current investments | 50/53 | €208,110 | €57,585 | -€150,525 | -72.3% |
| Cash at bank and in hand | 54/58 | €102,058 | €61,595 | -€40,463 | -39.6% |
| Deferred charges and accrued income | 490/1 | €4,350 | €3,488 | -€862 | -19.8% |
| Total equity and liabilities | 10/49 | €437,117 | €217,361 | -€219,756 | -50.3% |
| Equity | 10/15 | €20,743 | €67,690 | +€46,947 | +226.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €743 | €47,690 | +€46,947 | +6316.6% |
| Distributable reserves | 133 | €743 | €47,690 | +€46,947 | +6316.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €416,374 | €149,670 | -€266,704 | -64.1% |
| Amounts payable after more than one year | 17 | €77,495 | €62,344 | -€15,151 | -19.6% |
| Financial debts | 170/4 | €77,495 | €62,344 | -€15,151 | -19.6% |
| Amounts payable within one year | 42/48 | €338,664 | €86,527 | -€252,137 | -74.5% |
| Current portion of amounts payable after more than one year | 42 | €14,851 | €15,151 | +€300 | +2.0% |
| Trade debts | 44 | €28,872 | €22,106 | -€6,765 | -23.4% |
| Suppliers | 440/4 | €28,872 | €22,106 | -€6,765 | -23.4% |
| Taxes, remuneration and social security | 45 | €49,211 | €40,201 | -€9,010 | -18.3% |
| Taxes | 450/3 | €35,402 | €25,382 | -€10,020 | -28.3% |
| Remuneration and social security | 454/9 | €13,809 | €14,819 | +€1,010 | +7.3% |
| Other amounts payable | 47/48 | €245,730 | €9,069 | -€236,662 | -96.3% |
| Accrued charges and deferred income | 492/3 | €215 | €799 | +€584 | +271.9% |
| Remuneration, social security and pensions | 62 | €194,157 | €204,483 | +€10,326 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,756 | €33,793 | -€1,963 | -5.5% |
| Other operating charges | 640/8 | €4,260 | €4,840 | +€580 | +13.6% |
| Gross operating margin | 9900 | €337,293 | €305,372 | -€31,921 | -9.5% |
| Operating profit (loss) | 9901 | €103,120 | €62,257 | -€40,863 | -39.6% |
| Financial income | 75/76B | €668 | €945 | +€277 | +41.5% |
| Recurring financial income | 75 | €668 | €945 | +€277 | +41.5% |
| Financial charges | 65/66B | €4,540 | €3,493 | -€1,048 | -23.1% |
| Recurring financial charges | 65 | €4,540 | €3,493 | -€1,048 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €99,248 | €59,709 | -€39,539 | -39.8% |
| Income taxes | 67/77 | €20,594 | €12,762 | -€7,832 | -38.0% |
| Profit (loss) for the period | 9904 | €78,654 | €46,947 | -€31,706 | -40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,654 | €46,947 | -€31,706 | -40.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.