LA DER: 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.
LA DER
Largest movements
- Tangible fixed assets +€11,141
up €11,141 (+190.2%), from €5,856 to €16,997
of which Plant, machinery and equipment: +€11,384
- Stocks and contracts -€6,055
down €6,055 (-67.8%), from €8,934 to €2,879
- Cash -€4,525
down €4,525 (-61.7%), from €7,339 to €2,814
mainly Investment in fixed assets (net) (-€14,802) and Net result for the year (-€9,970)
- Receivables within one year -€4,277
no longer reported in 2025 (was €4,277)
- Deferred charges and accrued income +€2,774
up €2,774 (+26.6%), from €10,436 to €13,210
- Profit (loss) carried forward -€9,970
down €9,970, from €2,873 to -€7,097
- Trade debts +€6,694
new in 2025: €6,694
- Contributions +€3,000
up €3,000 (+38.3%), from €7,830 to €10,830
- Tax, wage and social debts -€1,566
down €1,566 (-5.9%), from €26,408 to €24,842
of which Remuneration and social security: -€5,877
- Other debts +€900
new in 2025: €900
- Gross operating margin -€40,302
down €40,302 (-46.2%), from €87,312 to €47,010
- Staff costs -€22,797
down €22,797 (-31.0%), from €73,652 to €50,855
- Financial charges -€1,974
down €1,974 (-48.4%), from €4,080 to €2,106
- Taxes -€1,750
no longer reported in 2025 (was €1,750)
- Depreciation +€1,480
up €1,480 (+67.9%), from €2,181 to €3,661
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 | €37,111 | €36,169 | -€942 | -2.5% |
| Fixed assets | 21/28 | €6,125 | €17,266 | +€11,141 | +181.9% |
| Tangible fixed assets | 22/27 | €5,856 | €16,997 | +€11,141 | +190.2% |
| Plant, machinery and equipment | 23 | €5,530 | €16,914 | +€11,384 | +205.9% |
| Other tangible fixed assets | 26 | €326 | €83 | -€243 | -74.5% |
| Financial fixed assets | 28 | €269 | €269 | = | 0.0% |
| Current assets | 29/58 | €30,986 | €18,903 | -€12,083 | -39.0% |
| Stocks and contracts in progress | 3 | €8,934 | €2,879 | -€6,055 | -67.8% |
| Stocks | 30/36 | €8,934 | €2,879 | -€6,055 | -67.8% |
| Amounts receivable within one year | 40/41 | €4,277 | - | -€4,277 | |
| Trade receivables | 40 | €4,277 | - | -€4,277 | |
| Cash at bank and in hand | 54/58 | €7,339 | €2,814 | -€4,525 | -61.7% |
| Deferred charges and accrued income | 490/1 | €10,436 | €13,210 | +€2,774 | +26.6% |
| Total equity and liabilities | 10/49 | €37,111 | €36,169 | -€942 | -2.5% |
| Equity | 10/15 | €10,703 | €3,733 | -€6,970 | -65.1% |
| Contributions | 10/11 | €7,830 | €10,830 | +€3,000 | +38.3% |
| Profit (loss) carried forward | 14 | €2,873 | -€7,097 | -€9,970 | |
| Amounts payable | 17/49 | €26,408 | €32,436 | +€6,028 | +22.8% |
| Amounts payable within one year | 42/48 | €26,408 | €32,436 | +€6,028 | +22.8% |
| Trade debts | 44 | - | €6,694 | +€6,694 | |
| Suppliers | 440/4 | - | €6,694 | +€6,694 | |
| Taxes, remuneration and social security | 45 | €26,408 | €24,842 | -€1,566 | -5.9% |
| Taxes | 450/3 | €17,366 | €21,677 | +€4,311 | +24.8% |
| Remuneration and social security | 454/9 | €9,042 | €3,165 | -€5,877 | -65.0% |
| Other amounts payable | 47/48 | - | €900 | +€900 | |
| Remuneration, social security and pensions | 62 | €73,652 | €50,855 | -€22,797 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,181 | €3,661 | +€1,480 | +67.9% |
| Other operating charges | 640/8 | €1,093 | €469 | -€624 | -57.1% |
| Gross operating margin | 9900 | €87,312 | €47,010 | -€40,302 | -46.2% |
| Operating profit (loss) | 9901 | €10,386 | -€7,975 | -€18,361 | |
| Financial income | 75/76B | €623 | €111 | -€512 | -82.2% |
| Recurring financial income | 75 | €623 | €111 | -€512 | -82.2% |
| Financial charges | 65/66B | €4,080 | €2,106 | -€1,974 | -48.4% |
| Recurring financial charges | 65 | €4,080 | €2,106 | -€1,974 | -48.4% |
| Profit (loss) for the period before taxes | 9903 | €6,929 | -€9,970 | -€16,899 | |
| Income taxes | 67/77 | €1,750 | - | -€1,750 | |
| Profit (loss) for the period | 9904 | €5,179 | -€9,970 | -€15,149 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,179 | -€9,970 | -€15,149 |
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 30 September 2026 via checked.be.