Finance DL: 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.
Finance DL
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+6325.2%), from €22,736 to €1.5m
of which Land and buildings: +€1.5m
- Cash -€33,585
down €33,585 (-61.2%), from €54,894 to €21,309
mainly Investment in fixed assets (net) (-€1.5m) and Net result for the year (-€29,050)
- Debts after one year +€1.4m
new in 2025: €1.4m
- Profit (loss) carried forward -€29,050
down €29,050 (-51893.6%), from -€56 to -€29,106
- Other operating charges +€4,867
up €4,867 (+63.5%), from €7,667 to €12,534
- Gross operating margin -€2,905
down €2,905 (-39.1%), from €7,423 to €4,518
- Financial charges +€1,312
up €1,312 (+1631.8%), from €80 to €1,392
- Depreciation +€636
up €636 (+3.5%), from €18,158 to €18,793
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 | €90,134 | €1,508,383 | +€1.4m | +1573.5% |
| Fixed assets | 21/28 | €22,736 | €1,460,811 | +€1.4m | +6325.2% |
| Tangible fixed assets | 22/27 | €22,736 | €1,460,811 | +€1.4m | +6325.2% |
| Land and buildings | 22 | - | €1,455,175 | +€1.5m | |
| Plant, machinery and equipment | 23 | - | €709 | +€709 | |
| Furniture and vehicles | 24 | €22,736 | €4,928 | -€17,808 | -78.3% |
| Current assets | 29/58 | €67,399 | €47,572 | -€19,827 | -29.4% |
| Amounts receivable within one year | 40/41 | €8,760 | €22,544 | +€13,784 | +157.3% |
| Trade receivables | 40 | €7,626 | €22,299 | +€14,673 | +192.4% |
| Other amounts receivable | 41 | €1,134 | €245 | -€889 | -78.4% |
| Cash at bank and in hand | 54/58 | €54,894 | €21,309 | -€33,585 | -61.2% |
| Deferred charges and accrued income | 490/1 | €3,744 | €3,719 | -€25 | -0.7% |
| Total equity and liabilities | 10/49 | €90,134 | €1,508,383 | +€1.4m | +1573.5% |
| Equity | 10/15 | €80,527 | €51,477 | -€29,050 | -36.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €60,583 | €60,583 | = | 0.0% |
| Distributable reserves | 133 | €60,583 | €60,583 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56 | -€29,106 | -€29,050 | -51893.6% |
| Amounts payable | 17/49 | €9,607 | €1,456,906 | +€1.4m | +15064.5% |
| Amounts payable after more than one year | 17 | - | €1,446,000 | +€1.4m | |
| Financial debts | 170/4 | - | €1,446,000 | +€1.4m | |
| Amounts payable within one year | 42/48 | €9,607 | €10,906 | +€1,299 | +13.5% |
| Trade debts | 44 | €2,705 | €6,545 | +€3,839 | +141.9% |
| Suppliers | 440/4 | €2,705 | €6,545 | +€3,839 | +141.9% |
| Taxes, remuneration and social security | 45 | €2,218 | €1,259 | -€959 | -43.3% |
| Taxes | 450/3 | €2,218 | €1,259 | -€959 | -43.3% |
| Other amounts payable | 47/48 | €4,684 | €3,103 | -€1,581 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,158 | €18,793 | +€636 | +3.5% |
| Other operating charges | 640/8 | €7,667 | €12,534 | +€4,867 | +63.5% |
| Gross operating margin | 9900 | €7,423 | €4,518 | -€2,905 | -39.1% |
| Operating profit (loss) | 9901 | -€18,402 | -€26,810 | -€8,408 | -45.7% |
| Financial charges | 65/66B | €80 | €1,392 | +€1,312 | +1631.8% |
| Recurring financial charges | 65 | €80 | €1,392 | +€1,312 | +1631.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,483 | -€28,202 | -€9,720 | -52.6% |
| Income taxes | 67/77 | €907 | €848 | -€60 | -6.6% |
| Profit (loss) for the period | 9904 | -€19,390 | -€29,050 | -€9,660 | -49.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,390 | -€29,050 | -€9,660 | -49.8% |
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.