LOCATION DGN: 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.
LOCATION DGN
Largest movements
- Receivables within one year +€77,586
up €77,586 (+52.9%), from €146,580 to €224,166
of which Trade receivables: +€69,125
- Tangible fixed assets -€72,236
down €72,236 (-16.7%), from €431,270 to €359,034
of which Leasing and similar rights: -€41,572
- Profit (loss) carried forward +€78,209
up €78,209 (+50.4%), from €155,253 to €233,462
- Debts after one year -€59,312
down €59,312 (-20.5%), from €288,995 to €229,683
- Tax, wage and social debts +€31,870
up €31,870 (+332.8%), from €9,577 to €41,447
- Short-term financial debts -€24,387
no longer reported in 2025 (was €24,387)
- Current portion of long-term debt -€13,993
down €13,993 (-17.4%), from €80,199 to €66,206
- Gross operating margin +€78,716
up €78,716 (+53.5%), from €147,114 to €225,830
- Taxes -€41,982
down €41,982 (-97.2%), from €43,174 to €1,193
- Depreciation +€23,395
up €23,395 (+26.0%), from €89,960 to €113,355
- Other operating charges +€12,546
up €12,546 (+229.3%), from €5,472 to €18,018
- Financial charges -€5,625
down €5,625 (-27.4%), from €20,535 to €14,911
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 | €590,085 | €593,137 | +€3,052 | +0.5% |
| Fixed assets | 21/28 | €443,505 | €368,269 | -€75,236 | -17.0% |
| Tangible fixed assets | 22/27 | €431,270 | €359,034 | -€72,236 | -16.7% |
| Plant, machinery and equipment | 23 | - | €10,437 | +€10,437 | |
| Furniture and vehicles | 24 | €269,720 | €228,619 | -€41,101 | -15.2% |
| Leasing and similar rights | 25 | €161,550 | €119,978 | -€41,572 | -25.7% |
| Financial fixed assets | 28 | €12,235 | €9,235 | -€3,000 | -24.5% |
| Current assets | 29/58 | €146,580 | €224,868 | +€78,288 | +53.4% |
| Amounts receivable within one year | 40/41 | €146,580 | €224,166 | +€77,586 | +52.9% |
| Trade receivables | 40 | €70,420 | €139,545 | +€69,125 | +98.2% |
| Other amounts receivable | 41 | €76,161 | €84,622 | +€8,461 | +11.1% |
| Cash at bank and in hand | 54/58 | - | €702 | +€702 | |
| Total equity and liabilities | 10/49 | €590,085 | €593,137 | +€3,052 | +0.5% |
| Equity | 10/15 | €175,713 | €253,922 | +€78,209 | +44.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Outside capital | 11 | €20,460 | €20,460 | = | 0.0% |
| Other | 1109/19 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,253 | €233,462 | +€78,209 | +50.4% |
| Amounts payable | 17/49 | €414,372 | €339,215 | -€75,157 | -18.1% |
| Amounts payable after more than one year | 17 | €288,995 | €229,683 | -€59,312 | -20.5% |
| Financial debts | 170/4 | €288,995 | €229,683 | -€59,312 | -20.5% |
| Amounts payable within one year | 42/48 | €125,377 | €109,532 | -€15,845 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €80,199 | €66,206 | -€13,993 | -17.4% |
| Financial debts | 43 | €24,387 | - | -€24,387 | |
| Credit institutions | 430/8 | €24,387 | - | -€24,387 | |
| Trade debts | 44 | €11,214 | €1,879 | -€9,335 | -83.2% |
| Suppliers | 440/4 | €11,214 | €1,879 | -€9,335 | -83.2% |
| Taxes, remuneration and social security | 45 | €9,577 | €41,447 | +€31,870 | +332.8% |
| Taxes | 450/3 | €9,577 | €41,447 | +€31,870 | +332.8% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,960 | €113,355 | +€23,395 | +26.0% |
| Other operating charges | 640/8 | €5,472 | €18,018 | +€12,546 | +229.3% |
| Non-recurring operating charges | 66A | €42,130 | - | -€42,130 | |
| Gross operating margin | 9900 | €147,114 | €225,830 | +€78,716 | +53.5% |
| Operating profit (loss) | 9901 | €9,388 | €94,286 | +€84,898 | +904.3% |
| Financial income | 75/76B | €0 | €26 | +€26 | +129200.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +129200.0% |
| Financial charges | 65/66B | €20,535 | €14,911 | -€5,625 | -27.4% |
| Recurring financial charges | 65 | €20,535 | €14,911 | -€5,625 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | -€11,147 | €79,401 | +€90,549 | |
| Income taxes | 67/77 | €43,174 | €1,193 | -€41,982 | -97.2% |
| Profit (loss) for the period | 9904 | -€54,322 | €78,209 | +€132,531 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,322 | €78,209 | +€132,531 |
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 4 October 2026 via checked.be.