DX: 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.
DX
Largest movements
- Cash +€26,009
up €26,009 (+31.4%), from €82,834 to €108,843
mainly Net result for the year (+€74,105) and Receivables within one year (+€18,308)
- Receivables within one year -€18,308
down €18,308 (-98.3%), from €18,634 to €325
of which Other amounts receivable: -€18,308
- Deferred charges and accrued income -€9,981
down €9,981 (-91.9%), from €10,865 to €884
- Financial fixed assets +€9,800
up €9,800 (+84.6%), from €11,580 to €21,380
- Tangible fixed assets -€8,202
down €8,202 (-11.2%), from €72,954 to €64,752
of which Furniture and vehicles: -€4,865
- Tax, wage and social debts +€13,520
up €13,520 (+59.0%), from €22,929 to €36,449
of which Taxes: +€16,651
- Profit (loss) carried forward -€7,103
down €7,103 (-22.8%), from €31,209 to €24,105
- Debts after one year -€7,036
down €7,036 (-34.0%), from €20,690 to €13,654
- Short-term financial debts -€2,564
down €2,564 (-50.1%), from €5,115 to €2,550
- Gross operating margin +€56,192
up €56,192 (+63.1%), from €89,050 to €145,241
- Taxes +€11,040
up €11,040 (+111%), from €9,974 to €21,014
- Staff costs +€2,841
up €2,841 (+9.5%), from €29,969 to €32,810
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 | €226,868 | €226,184 | -€683 | -0.3% |
| Fixed assets | 21/28 | €84,534 | €86,132 | +€1,598 | +1.9% |
| Tangible fixed assets | 22/27 | €72,954 | €64,752 | -€8,202 | -11.2% |
| Furniture and vehicles | 24 | €22,323 | €17,457 | -€4,865 | -21.8% |
| Other tangible fixed assets | 26 | €50,632 | €47,295 | -€3,337 | -6.6% |
| Financial fixed assets | 28 | €11,580 | €21,380 | +€9,800 | +84.6% |
| Current assets | 29/58 | €142,333 | €140,053 | -€2,281 | -1.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,634 | €325 | -€18,308 | -98.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €18,634 | €325 | -€18,308 | -98.3% |
| Cash at bank and in hand | 54/58 | €82,834 | €108,843 | +€26,009 | +31.4% |
| Deferred charges and accrued income | 490/1 | €10,865 | €884 | -€9,981 | -91.9% |
| Total equity and liabilities | 10/49 | €226,868 | €226,184 | -€683 | -0.3% |
| Equity | 10/15 | €166,169 | €159,066 | -€7,103 | -4.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €129,961 | €129,961 | = | 0.0% |
| Distributable reserves | 133 | €129,961 | €129,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,209 | €24,105 | -€7,103 | -22.8% |
| Amounts payable | 17/49 | €60,698 | €67,118 | +€6,420 | +10.6% |
| Amounts payable after more than one year | 17 | €20,690 | €13,654 | -€7,036 | -34.0% |
| Financial debts | 170/4 | €20,690 | €13,654 | -€7,036 | -34.0% |
| Amounts payable within one year | 42/48 | €40,008 | €53,464 | +€13,455 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €6,759 | €7,036 | +€276 | +4.1% |
| Financial debts | 43 | €5,115 | €2,550 | -€2,564 | -50.1% |
| Credit institutions | 430/8 | €5,115 | €2,550 | -€2,564 | -50.1% |
| Trade debts | 44 | €5,205 | €7,017 | +€1,812 | +34.8% |
| Suppliers | 440/4 | €5,205 | €7,017 | +€1,812 | +34.8% |
| Taxes, remuneration and social security | 45 | €22,929 | €36,449 | +€13,520 | +59.0% |
| Taxes | 450/3 | €19,799 | €36,449 | +€16,651 | +84.1% |
| Remuneration and social security | 454/9 | €3,130 | €0 | -€3,130 | -100% |
| Other amounts payable | 47/48 | €0 | €411 | +€411 | |
| Remuneration, social security and pensions | 62 | €29,969 | €32,810 | +€2,841 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,371 | €11,758 | -€613 | -5.0% |
| Other operating charges | 640/8 | €1,078 | €1,068 | -€9 | -0.9% |
| Gross operating margin | 9900 | €89,050 | €145,241 | +€56,192 | +63.1% |
| Operating profit (loss) | 9901 | €45,632 | €99,605 | +€53,972 | +118% |
| Financial income | 75/76B | €1,146 | €750 | -€396 | -34.6% |
| Recurring financial income | 75 | €1,146 | €750 | -€396 | -34.6% |
| Financial charges | 65/66B | €5,596 | €5,235 | -€361 | -6.5% |
| Recurring financial charges | 65 | €5,596 | €5,235 | -€361 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €41,182 | €95,120 | +€53,937 | +131% |
| Income taxes | 67/77 | €9,974 | €21,014 | +€11,040 | +111% |
| Profit (loss) for the period | 9904 | €31,209 | €74,105 | +€42,897 | +137% |
| Profit (loss) for the period to be appropriated | 9905 | €31,209 | €74,105 | +€42,897 | +137% |
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 14 October 2026 via checked.be.