DV - MICRO: 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.
DV - MICRO
Largest movements
- Current investments +€109,223
up €109,223 (+23.0%), from €475,648 to €584,872
- Receivables within one year -€79,238
down €79,238 (-77.2%), from €102,612 to €23,374
of which Trade receivables: -€63,076
- Reserves +€68,876
up €68,876 (+13.4%), from €513,687 to €582,563
- Tax, wage and social debts -€21,550
down €21,550 (-68.8%), from €31,307 to €9,757
- Other debts -€19,579
down €19,579 (-51.5%), from €38,019 to €18,440
- Gross operating margin +€39,192
up €39,192 (+67.5%), from €58,088 to €97,281
- Financial income -€29,670
down €29,670 (-90.3%), from €32,846 to €3,176
- Financial charges -€9,370
down €9,370 (-99.0%), from €9,468 to €98
- Taxes +€6,729
up €6,729 (+32.5%), from €20,681 to €27,410
- Depreciation -€3,882
down €3,882 (-57.8%), from €6,719 to €2,837
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 | €605,343 | €634,214 | +€28,871 | +4.8% |
| Fixed assets | 21/28 | €3,601 | €4,479 | +€877 | +24.4% |
| Tangible fixed assets | 22/27 | €3,601 | €4,479 | +€877 | +24.4% |
| Plant, machinery and equipment | 23 | €1,856 | €3,599 | +€1,743 | +94.0% |
| Furniture and vehicles | 24 | €1,746 | €0 | -€1,746 | -100% |
| Assets under construction and advance payments | 27 | €0 | €880 | +€880 | |
| Current assets | 29/58 | €601,742 | €629,735 | +€27,993 | +4.7% |
| Amounts receivable within one year | 40/41 | €102,612 | €23,374 | -€79,238 | -77.2% |
| Trade receivables | 40 | €86,450 | €23,374 | -€63,076 | -73.0% |
| Other amounts receivable | 41 | €16,162 | €0 | -€16,162 | -100% |
| Current investments | 50/53 | €475,648 | €584,872 | +€109,223 | +23.0% |
| Cash at bank and in hand | 54/58 | €22,232 | €19,456 | -€2,776 | -12.5% |
| Deferred charges and accrued income | 490/1 | €1,249 | €2,034 | +€784 | +62.8% |
| Total equity and liabilities | 10/49 | €605,343 | €634,214 | +€28,871 | +4.8% |
| Equity | 10/15 | €535,156 | €604,032 | +€68,876 | +12.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €513,687 | €582,563 | +€68,876 | +13.4% |
| Distributable reserves | 133 | €513,687 | €582,563 | +€68,876 | +13.4% |
| Profit (loss) carried forward | 14 | €1,469 | €1,469 | = | 0.0% |
| Amounts payable | 17/49 | €70,187 | €30,182 | -€40,005 | -57.0% |
| Amounts payable within one year | 42/48 | €70,187 | €30,182 | -€40,005 | -57.0% |
| Trade debts | 44 | €861 | €1,984 | +€1,123 | +130% |
| Suppliers | 440/4 | €861 | €1,984 | +€1,123 | +130% |
| Taxes, remuneration and social security | 45 | €31,307 | €9,757 | -€21,550 | -68.8% |
| Taxes | 450/3 | €31,307 | €9,757 | -€21,550 | -68.8% |
| Other amounts payable | 47/48 | €38,019 | €18,440 | -€19,579 | -51.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,719 | €2,837 | -€3,882 | -57.8% |
| Other operating charges | 640/8 | €1,137 | €1,177 | +€40 | +3.5% |
| Non-recurring operating charges | 66A | - | €59 | +€59 | |
| Gross operating margin | 9900 | €58,088 | €97,281 | +€39,192 | +67.5% |
| Operating profit (loss) | 9901 | €50,232 | €93,208 | +€42,976 | +85.6% |
| Financial income | 75/76B | €32,846 | €3,176 | -€29,670 | -90.3% |
| Recurring financial income | 75 | €32,846 | €3,176 | -€29,670 | -90.3% |
| Financial charges | 65/66B | €9,468 | €98 | -€9,370 | -99.0% |
| Recurring financial charges | 65 | €9,468 | €98 | -€9,370 | -99.0% |
| Profit (loss) for the period before taxes | 9903 | €73,610 | €96,286 | +€22,676 | +30.8% |
| Income taxes | 67/77 | €20,681 | €27,410 | +€6,729 | +32.5% |
| Profit (loss) for the period | 9904 | €52,929 | €68,876 | +€15,947 | +30.1% |
| Profit (loss) for the period to be appropriated | 9905 | €52,929 | €68,876 | +€15,947 | +30.1% |
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 15 October 2026 via checked.be.