DS LOCATION: 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 LOCATION
Largest movements
- Receivables within one year +€20,800
up €20,800 (+160.5%), from €12,962 to €33,763
of which Trade receivables: +€20,558
- Intangible fixed assets -€17,000
down €17,000 (-12.5%), from €136,000 to €119,000
- Tangible fixed assets +€8,903
up €8,903 (+26.4%), from €33,747 to €42,650
of which Plant, machinery and equipment: +€10,507
- Cash -€2,743
down €2,743 (-6.7%), from €41,128 to €38,385
mainly Debts after one year (-€30,000) and Receivables within one year (-€20,800)
- Debts after one year -€30,000
down €30,000 (-42.9%), from €70,000 to €40,000
- Trade debts +€21,121
up €21,121 (+170.3%), from €12,402 to €33,524
- Other debts +€14,964
up €14,964 (+22.9%), from €65,400 to €80,364
- Reserves +€12,201
up €12,201 (+50.2%), from €24,291 to €36,492
- Tax, wage and social debts -€8,326
down €8,326 (-51.8%), from €16,077 to €7,750
- Turnover -€179,183
no longer reported in 2025 (was €179,183)
- Purchases and services -€113,235
no longer reported in 2025 (was €113,235)
- Gross operating margin -€24,063
down €24,063 (-33.0%), from €72,948 to €48,886
- Depreciation +€5,540
up €5,540 (+25.4%), from €21,853 to €27,393
- Other operating charges -€5,479
down €5,479 (-63.8%), from €8,583 to €3,104
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 | €223,838 | €233,798 | +€9,960 | +4.4% |
| Fixed assets | 21/28 | €169,747 | €161,650 | -€8,097 | -4.8% |
| Intangible fixed assets | 21 | €136,000 | €119,000 | -€17,000 | -12.5% |
| Tangible fixed assets | 22/27 | €33,747 | €42,650 | +€8,903 | +26.4% |
| Plant, machinery and equipment | 23 | €27,794 | €38,301 | +€10,507 | +37.8% |
| Furniture and vehicles | 24 | €5,954 | €4,349 | -€1,605 | -27.0% |
| Current assets | 29/58 | €54,091 | €72,148 | +€18,057 | +33.4% |
| Amounts receivable within one year | 40/41 | €12,962 | €33,763 | +€20,800 | +160.5% |
| Trade receivables | 40 | €12,843 | €33,401 | +€20,558 | +160.1% |
| Other amounts receivable | 41 | €120 | €362 | +€242 | +202.1% |
| Cash at bank and in hand | 54/58 | €41,128 | €38,385 | -€2,743 | -6.7% |
| Total equity and liabilities | 10/49 | €223,838 | €233,798 | +€9,960 | +4.4% |
| Equity | 10/15 | €59,959 | €72,160 | +€12,201 | +20.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,291 | €36,492 | +€12,201 | +50.2% |
| Distributable reserves | 133 | €24,291 | €36,492 | +€12,201 | +50.2% |
| Profit (loss) carried forward | 14 | €30,667 | €30,667 | = | 0.0% |
| Amounts payable | 17/49 | €163,879 | €161,638 | -€2,241 | -1.4% |
| Amounts payable after more than one year | 17 | €70,000 | €40,000 | -€30,000 | -42.9% |
| Other amounts payable | 178/9 | €70,000 | €40,000 | -€30,000 | -42.9% |
| Amounts payable within one year | 42/48 | €93,879 | €121,638 | +€27,759 | +29.6% |
| Trade debts | 44 | €12,402 | €33,524 | +€21,121 | +170.3% |
| Suppliers | 440/4 | €12,402 | €33,524 | +€21,121 | +170.3% |
| Taxes, remuneration and social security | 45 | €16,077 | €7,750 | -€8,326 | -51.8% |
| Taxes | 450/3 | €16,077 | €7,750 | -€8,326 | -51.8% |
| Other amounts payable | 47/48 | €65,400 | €80,364 | +€14,964 | +22.9% |
| Turnover | 70 | €179,183 | - | -€179,183 | |
| Goods, raw materials, services and sundry goods | 60/61 | €113,235 | - | -€113,235 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,853 | €27,393 | +€5,540 | +25.4% |
| Other operating charges | 640/8 | €8,583 | €3,104 | -€5,479 | -63.8% |
| Gross operating margin | 9900 | €72,948 | €48,886 | -€24,063 | -33.0% |
| Operating profit (loss) | 9901 | €42,513 | €18,389 | -€24,124 | -56.7% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €4,179 | €1,550 | -€2,629 | -62.9% |
| Recurring financial charges | 65 | €4,179 | €1,550 | -€2,629 | -62.9% |
| Profit (loss) for the period before taxes | 9903 | €38,334 | €16,839 | -€21,495 | -56.1% |
| Income taxes | 67/77 | €7,667 | €4,638 | -€3,029 | -39.5% |
| Profit (loss) for the period | 9904 | €30,667 | €12,201 | -€18,466 | -60.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,667 | €12,201 | -€18,466 | -60.2% |
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 30 September 2026 via checked.be.