DUAL EXPERT: 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.
DUAL EXPERT
Largest movements
- Cash +€25,155
up €25,155 (+77.4%), from €32,490 to €57,645
mainly Net result for the year (+€15,839) and Stocks and contracts (+€14,000)
- Stocks and contracts -€14,000
no longer reported in 2025 (was €14,000)
- Receivables within one year -€3,408
down €3,408 (-12.7%), from €26,834 to €23,425
of which Trade receivables: -€3,020
- Profit (loss) carried forward +€15,839
up €15,839 (+27.2%), from €58,251 to €74,089
- Tax, wage and social debts -€4,742
down €4,742 (-68.0%), from €6,976 to €2,234
of which Taxes: -€5,499
- Trade debts -€3,772
down €3,772 (-89.5%), from €4,214 to €442
- Gross operating margin -€2,477
down €2,477 (-9.2%), from €26,821 to €24,343
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 | €74,441 | €81,765 | +€7,325 | +9.8% |
| Current assets | 29/58 | €74,441 | €81,765 | +€7,325 | +9.8% |
| Stocks and contracts in progress | 3 | €14,000 | - | -€14,000 | |
| Stocks | 30/36 | €14,000 | - | -€14,000 | |
| Amounts receivable within one year | 40/41 | €26,834 | €23,425 | -€3,408 | -12.7% |
| Trade receivables | 40 | €5,104 | €2,084 | -€3,020 | -59.2% |
| Other amounts receivable | 41 | €21,729 | €21,341 | -€388 | -1.8% |
| Cash at bank and in hand | 54/58 | €32,490 | €57,645 | +€25,155 | +77.4% |
| Deferred charges and accrued income | 490/1 | €1,117 | €695 | -€422 | -37.8% |
| Total equity and liabilities | 10/49 | €74,441 | €81,765 | +€7,325 | +9.8% |
| Equity | 10/15 | €63,251 | €79,089 | +€15,839 | +25.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,251 | €74,089 | +€15,839 | +27.2% |
| Amounts payable | 17/49 | €11,190 | €2,676 | -€8,514 | -76.1% |
| Amounts payable within one year | 42/48 | €11,190 | €2,676 | -€8,514 | -76.1% |
| Trade debts | 44 | €4,214 | €442 | -€3,772 | -89.5% |
| Suppliers | 440/4 | €4,214 | €442 | -€3,772 | -89.5% |
| Taxes, remuneration and social security | 45 | €6,976 | €2,234 | -€4,742 | -68.0% |
| Taxes | 450/3 | €6,976 | €1,477 | -€5,499 | -78.8% |
| Remuneration and social security | 454/9 | - | €757 | +€757 | |
| Other operating charges | 640/8 | €2,154 | €2,251 | +€97 | +4.5% |
| Gross operating margin | 9900 | €26,821 | €24,343 | -€2,477 | -9.2% |
| Operating profit (loss) | 9901 | €24,667 | €22,092 | -€2,574 | -10.4% |
| Financial charges | 65/66B | €230 | €117 | -€114 | -49.3% |
| Recurring financial charges | 65 | €230 | €117 | -€114 | -49.3% |
| Profit (loss) for the period before taxes | 9903 | €24,436 | €21,975 | -€2,461 | -10.1% |
| Income taxes | 67/77 | €5,904 | €6,137 | +€232 | +3.9% |
| Profit (loss) for the period | 9904 | €18,532 | €15,839 | -€2,693 | -14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,532 | €15,839 | -€2,693 | -14.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.