DU-VAR: 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.
DU-VAR
Largest movements
- Receivables within one year -€200
no longer reported in 2025 (was €200)
- Cash -€16
down €16 (-5.2%), from €305 to €289
mainly Net result for the year (-€216)
- Profit (loss) carried forward -€216
down €216 (-7.5%), from -€2,860 to -€3,076
- Gross operating margin +€715
up €715 (+91.6%), from -€780 to -€66
- Financial charges -€48
down €48 (-24.2%), from €198 to €150
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 | €505 | €289 | -€216 | -42.7% |
| Current assets | 29/58 | €505 | €289 | -€216 | -42.7% |
| Amounts receivable within one year | 40/41 | €200 | - | -€200 | |
| Other amounts receivable | 41 | €200 | - | -€200 | |
| Cash at bank and in hand | 54/58 | €305 | €289 | -€16 | -5.2% |
| Total equity and liabilities | 10/49 | €505 | €289 | -€216 | -42.7% |
| Equity | 10/15 | -€1,860 | -€2,076 | -€216 | -11.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,860 | -€3,076 | -€216 | -7.5% |
| Amounts payable | 17/49 | €2,365 | €2,365 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,365 | €2,365 | = | 0.0% |
| Financial debts | 43 | €168 | €168 | = | 0.0% |
| Credit institutions | 430/8 | €168 | €168 | = | 0.0% |
| Other amounts payable | 47/48 | €2,197 | €2,197 | = | 0.0% |
| Gross operating margin | 9900 | -€780 | -€66 | +€715 | +91.6% |
| Operating profit (loss) | 9901 | -€780 | -€66 | +€715 | +91.6% |
| Financial charges | 65/66B | €198 | €150 | -€48 | -24.2% |
| Recurring financial charges | 65 | €198 | €150 | -€48 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€978 | -€216 | +€762 | +77.9% |
| Profit (loss) for the period | 9904 | -€978 | -€216 | +€762 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€978 | -€216 | +€762 | +77.9% |
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 5 October 2026 via checked.be.