DVlopment: 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.
DVlopment
Largest movements
- Cash +€42,536
up €42,536 (+79.4%), from €53,566 to €96,102
mainly Net result for the year (+€42,081) and Tax, wage and social debts (+€2,904)
- Receivables within one year +€3,170
up €3,170 (+73.2%), from €4,332 to €7,502
- Reserves +€42,081
up €42,081 (+136%), from €30,946 to €73,027
- Tax, wage and social debts +€2,904
up €2,904 (+16.4%), from €17,706 to €20,610
of which Taxes: +€3,104
- Gross operating margin +€14,811
up €14,811 (+35.9%), from €41,218 to €56,029
- Taxes +€3,545
up €3,545 (+44.0%), from €8,061 to €11,606
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 | €63,389 | €108,427 | +€45,038 | +71.1% |
| Fixed assets | 21/28 | €4,756 | €4,085 | -€671 | -14.1% |
| Tangible fixed assets | 22/27 | €4,756 | €4,085 | -€671 | -14.1% |
| Furniture and vehicles | 24 | €4,756 | €4,085 | -€671 | -14.1% |
| Current assets | 29/58 | €58,632 | €104,341 | +€45,709 | +78.0% |
| Amounts receivable within one year | 40/41 | €4,332 | €7,502 | +€3,170 | +73.2% |
| Trade receivables | 40 | €4,332 | €7,502 | +€3,170 | +73.2% |
| Cash at bank and in hand | 54/58 | €53,566 | €96,102 | +€42,536 | +79.4% |
| Deferred charges and accrued income | 490/1 | €735 | €738 | +€3 | +0.4% |
| Total equity and liabilities | 10/49 | €63,389 | €108,427 | +€45,038 | +71.1% |
| Equity | 10/15 | €32,946 | €75,027 | +€42,081 | +128% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €30,946 | €73,027 | +€42,081 | +136% |
| Distributable reserves | 133 | €30,946 | €73,027 | +€42,081 | +136% |
| Amounts payable | 17/49 | €30,443 | €33,400 | +€2,957 | +9.7% |
| Amounts payable within one year | 42/48 | €29,993 | €32,950 | +€2,957 | +9.9% |
| Trade debts | 44 | €1,076 | €1,435 | +€359 | +33.4% |
| Suppliers | 440/4 | €1,076 | €1,435 | +€359 | +33.4% |
| Taxes, remuneration and social security | 45 | €17,706 | €20,610 | +€2,904 | +16.4% |
| Taxes | 450/3 | €15,456 | €18,560 | +€3,104 | +20.1% |
| Remuneration and social security | 454/9 | €2,250 | €2,050 | -€200 | -8.9% |
| Other amounts payable | 47/48 | €11,211 | €10,905 | -€306 | -2.7% |
| Accrued charges and deferred income | 492/3 | €450 | €450 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €964 | €1,274 | +€310 | +32.1% |
| Other operating charges | 640/8 | €301 | €224 | -€77 | -25.7% |
| Gross operating margin | 9900 | €41,218 | €56,029 | +€14,811 | +35.9% |
| Operating profit (loss) | 9901 | €39,953 | €54,531 | +€14,578 | +36.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €947 | €844 | -€103 | -10.8% |
| Recurring financial charges | 65 | €947 | €844 | -€103 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €39,006 | €53,687 | +€14,681 | +37.6% |
| Income taxes | 67/77 | €8,061 | €11,606 | +€3,545 | +44.0% |
| Profit (loss) for the period | 9904 | €30,946 | €42,081 | +€11,136 | +36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,946 | €42,081 | +€11,136 | +36.0% |
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.