Frederic DASSARGUES: 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.
Frederic DASSARGUES
Largest movements
- Receivables within one year -€5,606
down €5,606 (-4.0%), from €140,067 to €134,461
of which Trade receivables: -€4,596
- Profit (loss) carried forward -€6,488
down €6,488 (-15.3%), from -€42,421 to -€48,909
- Other debts +€2,995
up €2,995 (+2.1%), from €139,933 to €142,927
- Tax, wage and social debts -€2,214
down €2,214 (-79.6%), from €2,781 to €566
- Other operating charges +€1,923
up €1,923 (+135%), from €1,427 to €3,350
- Taxes -€815
down €815 (-78.1%), from €1,043 to €228
- Write-downs -€813
down €813, from €6 to -€807
- Gross operating margin -€582
down €582 (-44.4%), from -€1,310 to -€1,892
- Financial charges -€47
down €47 (-3.0%), from €1,576 to €1,529
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 | €141,815 | €137,091 | -€4,724 | -3.3% |
| Current assets | 29/58 | €141,815 | €137,091 | -€4,724 | -3.3% |
| Stocks and contracts in progress | 3 | €123 | €650 | +€528 | +430% |
| Stocks | 30/36 | €123 | €650 | +€528 | +430% |
| Amounts receivable within one year | 40/41 | €140,067 | €134,461 | -€5,606 | -4.0% |
| Trade receivables | 40 | €139,057 | €134,461 | -€4,596 | -3.3% |
| Other amounts receivable | 41 | €1,010 | - | -€1,010 | |
| Cash at bank and in hand | 54/58 | - | €23 | +€23 | |
| Deferred charges and accrued income | 490/1 | €1,626 | €1,957 | +€331 | +20.4% |
| Total equity and liabilities | 10/49 | €141,815 | €137,091 | -€4,724 | -3.3% |
| Equity | 10/15 | -€21,970 | -€28,458 | -€6,488 | -29.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,421 | -€48,909 | -€6,488 | -15.3% |
| Amounts payable | 17/49 | €163,785 | €165,549 | +€1,764 | +1.1% |
| Amounts payable within one year | 42/48 | €163,605 | €165,549 | +€1,944 | +1.2% |
| Financial debts | 43 | €9,965 | €9,960 | -€5 | -0.1% |
| Credit institutions | 430/8 | €9,965 | €9,960 | -€5 | -0.1% |
| Trade debts | 44 | €10,926 | €12,095 | +€1,169 | +10.7% |
| Suppliers | 440/4 | €10,926 | €12,095 | +€1,169 | +10.7% |
| Taxes, remuneration and social security | 45 | €2,781 | €566 | -€2,214 | -79.6% |
| Taxes | 450/3 | €2,781 | €566 | -€2,214 | -79.6% |
| Other amounts payable | 47/48 | €139,933 | €142,927 | +€2,995 | +2.1% |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Non-recurring operating income | 76A | €2,111 | €2,226 | +€115 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6 | -€807 | -€813 | |
| Other operating charges | 640/8 | €1,427 | €3,350 | +€1,923 | +135% |
| Non-recurring operating charges | 66A | €336 | €296 | -€40 | -11.9% |
| Gross operating margin | 9900 | -€1,310 | -€1,892 | -€582 | -44.4% |
| Operating profit (loss) | 9901 | -€3,079 | -€4,731 | -€1,652 | -53.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,576 | €1,529 | -€47 | -3.0% |
| Recurring financial charges | 65 | €1,576 | €1,529 | -€47 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,654 | -€6,260 | -€1,605 | -34.5% |
| Income taxes | 67/77 | €1,043 | €228 | -€815 | -78.1% |
| Profit (loss) for the period | 9904 | -€5,698 | -€6,488 | -€790 | -13.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,698 | -€6,488 | -€790 | -13.9% |
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.