DVD: 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.
DVD
Largest movements
- Cash -€149,140
down €149,140 (-29.6%), from €504,132 to €354,992
mainly Investment in fixed assets (net) (-€308,059) and Debts after one year (-€65,982)
- Tangible fixed assets +€92,474
up €92,474 (+10.5%), from €877,526 to €970,000
of which Furniture and vehicles: +€93,716
- Receivables within one year +€33,506
up €33,506 (+8.7%), from €384,035 to €417,541
of which Other amounts receivable: +€38,746
- Reserves +€100,000
up €100,000 (+246.7%), from €40,541 to €140,541
of which Distributable reserves: +€100,000
- Debts after one year -€65,982
down €65,982 (-18.4%), from €359,290 to €293,308
of which Financial debts: -€39,653
- Trade debts -€27,029
down €27,029 (-21.9%), from €123,231 to €96,202
- Current portion of long-term debt -€23,710
down €23,710 (-37.4%), from €63,363 to €39,653
- Tax, wage and social debts -€22,043
down €22,043 (-21.3%), from €103,488 to €81,445
of which Taxes: -€22,667
- Gross operating margin -€168,552
down €168,552 (-12.6%), from €1.3m to €1.2m
- Staff costs -€61,107
down €61,107 (-9.0%), from €682,687 to €621,580
- Taxes -€16,480
down €16,480 (-32.6%), from €50,607 to €34,127
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 | €1,774,313 | €1,750,128 | -€24,184 | -1.4% |
| Fixed assets | 21/28 | €878,606 | €970,782 | +€92,176 | +10.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €877,526 | €970,000 | +€92,474 | +10.5% |
| Land and buildings | 22 | €3,324 | €2,083 | -€1,241 | -37.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €874,202 | €967,918 | +€93,716 | +10.7% |
| Financial fixed assets | 28 | €1,080 | €781 | -€299 | -27.7% |
| Current assets | 29/58 | €895,707 | €779,346 | -€116,360 | -13.0% |
| Amounts receivable within one year | 40/41 | €384,035 | €417,541 | +€33,506 | +8.7% |
| Trade receivables | 40 | €364,642 | €359,402 | -€5,240 | -1.4% |
| Other amounts receivable | 41 | €19,393 | €58,139 | +€38,746 | +199.8% |
| Cash at bank and in hand | 54/58 | €504,132 | €354,992 | -€149,140 | -29.6% |
| Deferred charges and accrued income | 490/1 | €7,539 | €6,814 | -€726 | -9.6% |
| Total equity and liabilities | 10/49 | €1,774,313 | €1,750,128 | -€24,184 | -1.4% |
| Equity | 10/15 | €1,120,817 | €1,239,521 | +€118,703 | +10.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,541 | €140,541 | +€100,000 | +246.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €38,681 | €38,681 | = | 0.0% |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | €1,061,677 | €1,080,380 | +€18,703 | +1.8% |
| Amounts payable | 17/49 | €653,495 | €510,608 | -€142,888 | -21.9% |
| Amounts payable after more than one year | 17 | €359,290 | €293,308 | -€65,982 | -18.4% |
| Financial debts | 170/4 | €39,653 | - | -€39,653 | |
| Other amounts payable | 178/9 | €319,638 | €293,308 | -€26,330 | -8.2% |
| Amounts payable within one year | 42/48 | €290,081 | €217,300 | -€72,782 | -25.1% |
| Current portion of amounts payable after more than one year | 42 | €63,363 | €39,653 | -€23,710 | -37.4% |
| Trade debts | 44 | €123,231 | €96,202 | -€27,029 | -21.9% |
| Suppliers | 440/4 | €123,231 | €96,202 | -€27,029 | -21.9% |
| Taxes, remuneration and social security | 45 | €103,488 | €81,445 | -€22,043 | -21.3% |
| Taxes | 450/3 | €33,893 | €11,226 | -€22,667 | -66.9% |
| Remuneration and social security | 454/9 | €69,595 | €70,219 | +€624 | +0.9% |
| Accrued charges and deferred income | 492/3 | €4,124 | - | -€4,124 | |
| Non-recurring operating income | 76A | €59,743 | €23,003 | -€36,740 | -61.5% |
| Remuneration, social security and pensions | 62 | €682,687 | €621,580 | -€61,107 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204,916 | €215,884 | +€10,968 | +5.4% |
| Other operating charges | 640/8 | €150,464 | €142,082 | -€8,382 | -5.6% |
| Non-recurring operating charges | 66A | €29,490 | €12,557 | -€16,933 | -57.4% |
| Gross operating margin | 9900 | €1,338,908 | €1,170,357 | -€168,552 | -12.6% |
| Operating profit (loss) | 9901 | €271,352 | €178,255 | -€93,097 | -34.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1500.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1500.0% |
| Financial charges | 65/66B | €31,958 | €25,425 | -€6,533 | -20.4% |
| Recurring financial charges | 65 | €31,958 | €25,425 | -€6,533 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €239,394 | €152,830 | -€86,565 | -36.2% |
| Income taxes | 67/77 | €50,607 | €34,127 | -€16,480 | -32.6% |
| Profit (loss) for the period | 9904 | €188,788 | €118,703 | -€70,084 | -37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €188,788 | €118,703 | -€70,084 | -37.1% |
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 7 October 2026 via checked.be.