DS: 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.
DS
Largest movements
- Receivables after one year +€39,000
up €39,000 (+92.9%), from €42,000 to €81,000
- Receivables within one year +€17,284
up €17,284 (+121%), from €14,337 to €31,621
of which Trade receivables: +€15,304
- Cash +€3,607
up €3,607 (+7.3%), from €49,199 to €52,806
mainly Net result for the year (+€73,883) and Depreciation (+€4,280)
- Tangible fixed assets -€2,601
down €2,601 (-32.0%), from €8,142 to €5,540
of which Furniture and vehicles: -€2,166
- Reserves +€65,384
up €65,384 (+74.6%), from €87,666 to €153,051
- Tax, wage and social debts -€7,762
down €7,762 (-40.9%), from €18,964 to €11,202
- Gross operating margin +€51,747
up €51,747 (+92.9%), from €55,689 to €107,436
- Taxes +€15,266
up €15,266 (+109%), from €13,945 to €29,211
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 | €114,869 | €172,638 | +€57,769 | +50.3% |
| Fixed assets | 21/28 | €8,167 | €5,565 | -€2,601 | -31.9% |
| Tangible fixed assets | 22/27 | €8,142 | €5,540 | -€2,601 | -32.0% |
| Plant, machinery and equipment | 23 | €5,048 | €4,912 | -€136 | -2.7% |
| Furniture and vehicles | 24 | €2,795 | €628 | -€2,166 | -77.5% |
| Other tangible fixed assets | 26 | €299 | - | -€299 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €106,702 | €167,073 | +€60,370 | +56.6% |
| Amounts receivable after more than one year | 29 | €42,000 | €81,000 | +€39,000 | +92.9% |
| Other amounts receivable | 291 | €42,000 | €81,000 | +€39,000 | +92.9% |
| Amounts receivable within one year | 40/41 | €14,337 | €31,621 | +€17,284 | +121% |
| Trade receivables | 40 | €14,337 | €29,641 | +€15,304 | +107% |
| Other amounts receivable | 41 | - | €1,980 | +€1,980 | |
| Cash at bank and in hand | 54/58 | €49,199 | €52,806 | +€3,607 | +7.3% |
| Deferred charges and accrued income | 490/1 | €1,166 | €1,646 | +€479 | +41.1% |
| Total equity and liabilities | 10/49 | €114,869 | €172,638 | +€57,769 | +50.3% |
| Equity | 10/15 | €93,866 | €159,251 | +€65,384 | +69.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €87,666 | €153,051 | +€65,384 | +74.6% |
| Distributable reserves | 133 | €87,666 | €153,051 | +€65,384 | +74.6% |
| Amounts payable | 17/49 | €21,003 | €13,388 | -€7,615 | -36.3% |
| Amounts payable within one year | 42/48 | €20,968 | €13,388 | -€7,581 | -36.2% |
| Trade debts | 44 | €1,467 | €2,186 | +€719 | +49.0% |
| Suppliers | 440/4 | €1,467 | €2,186 | +€719 | +49.0% |
| Taxes, remuneration and social security | 45 | €18,964 | €11,202 | -€7,762 | -40.9% |
| Taxes | 450/3 | €18,964 | €11,202 | -€7,762 | -40.9% |
| Other amounts payable | 47/48 | €538 | - | -€538 | |
| Accrued charges and deferred income | 492/3 | €35 | - | -€35 | |
| Remuneration, social security and pensions | 62 | €114 | €324 | +€210 | +185% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,356 | €4,280 | -€76 | -1.7% |
| Other operating charges | 640/8 | €670 | €556 | -€114 | -17.0% |
| Gross operating margin | 9900 | €55,689 | €107,436 | +€51,747 | +92.9% |
| Operating profit (loss) | 9901 | €50,549 | €102,277 | +€51,727 | +102% |
| Financial income | 75/76B | €630 | €1,215 | +€585 | +92.8% |
| Recurring financial income | 75 | €630 | €1,215 | +€585 | +92.8% |
| Financial charges | 65/66B | €313 | €398 | +€85 | +27.1% |
| Recurring financial charges | 65 | €313 | €398 | +€85 | +27.1% |
| Profit (loss) for the period before taxes | 9903 | €50,867 | €103,094 | +€52,227 | +103% |
| Income taxes | 67/77 | €13,945 | €29,211 | +€15,266 | +109% |
| Profit (loss) for the period | 9904 | €36,922 | €73,883 | +€36,961 | +100% |
| Profit (loss) for the period to be appropriated | 9905 | €36,922 | €73,883 | +€36,961 | +100% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.