IN D&A: 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.
IN D&A
Largest movements
- Current investments -€125,100
no longer reported in 2025 (was €125,100)
- Receivables within one year +€32,057
up €32,057 (+84.7%), from €37,832 to €69,889
of which Trade receivables: +€29,300
- Tangible fixed assets -€13,106
down €13,106 (-46.6%), from €28,124 to €15,018
of which Furniture and vehicles: -€12,449
- Profit (loss) carried forward -€149,251
down €149,251 (-90.0%), from €165,812 to €16,561
- Other debts +€51,574
up €51,574 (+79.0%), from €65,315 to €116,889
- Tax, wage and social debts -€9,358
down €9,358 (-49.6%), from €18,855 to €9,498
- Gross operating margin -€52,964
down €52,964 (-45.1%), from €117,542 to €64,579
- Taxes -€13,723
down €13,723 (-52.7%), from €26,047 to €12,324
- Financial income +€11,834
up €11,834 (+1070.7%), from €1,105 to €12,939
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 | €252,739 | €147,201 | -€105,539 | -41.8% |
| Fixed assets | 21/28 | €28,124 | €15,018 | -€13,106 | -46.6% |
| Tangible fixed assets | 22/27 | €28,124 | €15,018 | -€13,106 | -46.6% |
| Plant, machinery and equipment | 23 | €657 | - | -€657 | |
| Furniture and vehicles | 24 | €27,467 | €15,018 | -€12,449 | -45.3% |
| Current assets | 29/58 | €224,615 | €132,182 | -€92,433 | -41.2% |
| Amounts receivable within one year | 40/41 | €37,832 | €69,889 | +€32,057 | +84.7% |
| Trade receivables | 40 | €35,413 | €64,713 | +€29,300 | +82.7% |
| Other amounts receivable | 41 | €2,419 | €5,176 | +€2,757 | +114.0% |
| Current investments | 50/53 | €125,100 | - | -€125,100 | |
| Cash at bank and in hand | 54/58 | €61,683 | €62,293 | +€611 | +1.0% |
| Total equity and liabilities | 10/49 | €252,739 | €147,201 | -€105,539 | -41.8% |
| Equity | 10/15 | €167,667 | €18,416 | -€149,251 | -89.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,812 | €16,561 | -€149,251 | -90.0% |
| Amounts payable | 17/49 | €85,072 | €128,785 | +€43,713 | +51.4% |
| Amounts payable within one year | 42/48 | €85,072 | €128,785 | +€43,713 | +51.4% |
| Trade debts | 44 | €902 | €2,398 | +€1,496 | +165.9% |
| Suppliers | 440/4 | €902 | €2,398 | +€1,496 | +165.9% |
| Taxes, remuneration and social security | 45 | €18,855 | €9,498 | -€9,358 | -49.6% |
| Taxes | 450/3 | €18,855 | €9,498 | -€9,358 | -49.6% |
| Other amounts payable | 47/48 | €65,315 | €116,889 | +€51,574 | +79.0% |
| Non-recurring operating income | 76A | €413 | - | -€413 | |
| Remuneration, social security and pensions | 62 | €183 | - | -€183 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,279 | €13,106 | -€173 | -1.3% |
| Other operating charges | 640/8 | €766 | €585 | -€180 | -23.6% |
| Gross operating margin | 9900 | €117,542 | €64,579 | -€52,964 | -45.1% |
| Operating profit (loss) | 9901 | €103,315 | €50,888 | -€52,427 | -50.7% |
| Financial income | 75/76B | €1,105 | €12,939 | +€11,834 | +1070.7% |
| Recurring financial income | 75 | €1,105 | €12,939 | +€11,834 | +1070.7% |
| Financial charges | 65/66B | €291 | €178 | -€113 | -38.9% |
| Recurring financial charges | 65 | €291 | €178 | -€113 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €104,129 | €63,649 | -€40,480 | -38.9% |
| Income taxes | 67/77 | €26,047 | €12,324 | -€13,723 | -52.7% |
| Profit (loss) for the period | 9904 | €78,083 | €51,326 | -€26,757 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €78,083 | €51,326 | -€26,757 | -34.3% |
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 11 October 2026 via checked.be.