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
- Receivables within one year +€43,114
up €43,114 (+78.8%), from €54,731 to €97,846
of which Other amounts receivable: +€42,679
- Tangible fixed assets -€5,590
down €5,590 (-4.9%), from €115,012 to €109,422
of which Land and buildings: -€5,260
- Profit (loss) carried forward +€39,456
up €39,456 (+4,469%), from €883 to €40,339
- Trade debts +€28,355
up €28,355 (+489%), from €5,799 to €34,154
- Tax, wage and social debts -€23,448
down €23,448 (-51.9%), from €45,166 to €21,718
of which Taxes: -€23,448
- Debts after one year -€7,452
down €7,452 (-35.3%), from €21,098 to €13,645
- Gross operating margin -€40,614
down €40,614 (-42.7%), from €95,133 to €54,519
- Other operating charges -€25,757
down €25,757 (-90.1%), from €28,573 to €2,816
- Taxes -€7,513
down €7,513 (-41.0%), from €18,302 to €10,789
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 | €398,473 | €436,576 | +€38,103 | +9.6% |
| Fixed assets | 21/28 | €115,012 | €109,422 | -€5,590 | -4.9% |
| Tangible fixed assets | 22/27 | €115,012 | €109,422 | -€5,590 | -4.9% |
| Land and buildings | 22 | €74,380 | €69,120 | -€5,260 | -7.1% |
| Furniture and vehicles | 24 | €40,632 | €40,302 | -€330 | -0.8% |
| Current assets | 29/58 | €283,461 | €327,154 | +€43,692 | +15.4% |
| Amounts receivable after more than one year | 29 | €227,250 | €227,250 | = | 0.0% |
| Other amounts receivable | 291 | €227,250 | €227,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,731 | €97,846 | +€43,114 | +78.8% |
| Trade receivables | 40 | €54,097 | €54,532 | +€435 | +0.8% |
| Other amounts receivable | 41 | €634 | €43,313 | +€42,679 | +6,730% |
| Current investments | 50/53 | €313 | €313 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,167 | €1,745 | +€578 | +49.6% |
| Total equity and liabilities | 10/49 | €398,473 | €436,576 | +€38,103 | +9.6% |
| Equity | 10/15 | €311,143 | €350,598 | +€39,456 | +12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €304,060 | €304,060 | = | 0.0% |
| 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 | €302,200 | €302,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €883 | €40,339 | +€39,456 | +4,469% |
| Amounts payable | 17/49 | €87,330 | €85,977 | -€1,353 | -1.5% |
| Amounts payable after more than one year | 17 | €21,098 | €13,645 | -€7,452 | -35.3% |
| Financial debts | 170/4 | €21,098 | €13,645 | -€7,452 | -35.3% |
| Amounts payable within one year | 42/48 | €66,040 | €72,274 | +€6,235 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €7,211 | €7,452 | +€241 | +3.3% |
| Financial debts | 43 | €7,863 | €8,950 | +€1,086 | +13.8% |
| Credit institutions | 430/8 | €7,863 | €8,950 | +€1,086 | +13.8% |
| Trade debts | 44 | €5,799 | €34,154 | +€28,355 | +489% |
| Suppliers | 440/4 | €5,799 | €34,154 | +€28,355 | +489% |
| Taxes, remuneration and social security | 45 | €45,166 | €21,718 | -€23,448 | -51.9% |
| Taxes | 450/3 | €45,166 | €21,718 | -€23,448 | -51.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €193 | €58 | -€136 | -70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €5,590 | +€355 | +6.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €28,573 | €2,816 | -€25,757 | -90.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €95,133 | €54,519 | -€40,614 | -42.7% |
| Operating profit (loss) | 9901 | €61,325 | €46,113 | -€15,212 | -24.8% |
| Financial income | 75/76B | €6,445 | €6,862 | +€418 | +6.5% |
| Recurring financial income | 75 | €6,445 | €6,862 | +€418 | +6.5% |
| Financial charges | 65/66B | €3,287 | €2,731 | -€556 | -16.9% |
| Recurring financial charges | 65 | €3,287 | €2,731 | -€556 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €64,483 | €50,245 | -€14,238 | -22.1% |
| Income taxes | 67/77 | €18,302 | €10,789 | -€7,513 | -41.0% |
| Profit (loss) for the period | 9904 | €46,181 | €39,456 | -€6,726 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,181 | €39,456 | -€6,726 | -14.6% |
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 20 October 2026 via checked.be.