Dust: 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.
Dust
Largest movements
- Cash -€26,389
down €26,389 (-18.0%), from €146,675 to €120,286
mainly Contributions, distributions and other (-€62,400) and Deferred charges and accrued income (-€7,603)
- Tangible fixed assets -€24,096
down €24,096 (-26.1%), from €92,186 to €68,090
of which Furniture and vehicles: -€13,641
- Intangible fixed assets -€12,239
down €12,239 (-9.1%), from €134,740 to €122,502
- Deferred charges and accrued income +€7,603
up €7,603 (+445.2%), from €1,708 to €9,311
- Receivables within one year +€5,263
up €5,263 (+102.4%), from €5,140 to €10,403
of which Trade receivables: +€4,780
- Reserves -€60,200
down €60,200 (-45.1%), from €133,577 to €73,377
of which Distributable reserves: -€60,200
- Other debts +€9,117
up €9,117 (+65.5%), from €13,922 to €23,039
- Gross operating margin +€13,960
up €13,960 (+35.1%), from €39,798 to €53,758
- Taxes +€7,777
up €7,777 (+1166.3%), from €667 to €8,444
- Other operating charges +€1,512
up €1,512 (+40.4%), from €3,739 to €5,251
- Depreciation +€782
up €782 (+2.1%), from €36,964 to €37,747
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 | €380,449 | €330,591 | -€49,858 | -13.1% |
| Fixed assets | 21/28 | €226,926 | €190,592 | -€36,335 | -16.0% |
| Intangible fixed assets | 21 | €134,740 | €122,502 | -€12,239 | -9.1% |
| Tangible fixed assets | 22/27 | €92,186 | €68,090 | -€24,096 | -26.1% |
| Land and buildings | 22 | €24,184 | €20,320 | -€3,865 | -16.0% |
| Plant, machinery and equipment | 23 | €1,588 | €1,081 | -€506 | -31.9% |
| Furniture and vehicles | 24 | €39,046 | €25,404 | -€13,641 | -34.9% |
| Other tangible fixed assets | 26 | €27,368 | €21,285 | -€6,084 | -22.2% |
| Current assets | 29/58 | €153,523 | €139,999 | -€13,524 | -8.8% |
| Amounts receivable within one year | 40/41 | €5,140 | €10,403 | +€5,263 | +102.4% |
| Trade receivables | 40 | €4,659 | €9,439 | +€4,780 | +102.6% |
| Other amounts receivable | 41 | €481 | €964 | +€483 | +100.2% |
| Cash at bank and in hand | 54/58 | €146,675 | €120,286 | -€26,389 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,708 | €9,311 | +€7,603 | +445.2% |
| Total equity and liabilities | 10/49 | €380,449 | €330,591 | -€49,858 | -13.1% |
| Equity | 10/15 | €352,521 | €292,354 | -€60,168 | -17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,577 | €73,377 | -€60,200 | -45.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,717 | €71,517 | -€60,200 | -45.7% |
| Profit (loss) carried forward | 14 | €212,744 | €212,776 | +€32 | 0.0% |
| Amounts payable | 17/49 | €27,928 | €38,237 | +€10,309 | +36.9% |
| Amounts payable after more than one year | 17 | €400 | €400 | = | 0.0% |
| Other amounts payable | 178/9 | €400 | €400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €24,233 | €37,427 | +€13,194 | +54.4% |
| Trade debts | 44 | €6,996 | €9,637 | +€2,641 | +37.8% |
| Suppliers | 440/4 | €6,996 | €9,637 | +€2,641 | +37.8% |
| Taxes, remuneration and social security | 45 | €3,315 | €4,752 | +€1,436 | +43.3% |
| Taxes | 450/3 | €667 | €4,752 | +€4,085 | +612.6% |
| Remuneration and social security | 454/9 | €2,648 | - | -€2,648 | |
| Other amounts payable | 47/48 | €13,922 | €23,039 | +€9,117 | +65.5% |
| Accrued charges and deferred income | 492/3 | €3,295 | €410 | -€2,885 | -87.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,964 | €37,747 | +€782 | +2.1% |
| Other operating charges | 640/8 | €3,739 | €5,251 | +€1,512 | +40.4% |
| Non-recurring operating charges | 66A | €201 | - | -€201 | |
| Gross operating margin | 9900 | €39,798 | €53,758 | +€13,960 | +35.1% |
| Operating profit (loss) | 9901 | -€1,106 | €10,760 | +€11,867 | |
| Financial income | 75/76B | €2 | €93 | +€91 | +5192.0% |
| Recurring financial income | 75 | €2 | €93 | +€91 | +5192.0% |
| Financial charges | 65/66B | €252 | €177 | -€75 | -29.7% |
| Recurring financial charges | 65 | €252 | €177 | -€75 | -29.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,357 | €10,676 | +€12,033 | |
| Income taxes | 67/77 | €667 | €8,444 | +€7,777 | +1166.3% |
| Profit (loss) for the period | 9904 | -€2,024 | €2,232 | +€4,256 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,024 | €2,232 | +€4,256 |
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.