MAIN D’OR: 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.
MAIN D’OR
Largest movements
- Cash +€1,427
up €1,427 (+47.5%), from €3,002 to €4,428
mainly Other debts (+€5,029) and Trade debts (+€1,592)
- Tangible fixed assets -€693
down €693 (-16.7%), from €4,154 to €3,461
- Receivables within one year -€302
down €302 (-67.7%), from €446 to €144
of which Other amounts receivable: -€251
- Profit (loss) carried forward -€6,090
down €6,090 (-43.8%), from -€13,896 to -€19,986
- Other debts +€5,029
up €5,029 (+1260.8%), from €399 to €5,428
- Trade debts +€1,592
up €1,592 (+167.8%), from €949 to €2,541
- Tax, wage and social debts -€100
no longer reported in 2025 (was €100)
- Gross operating margin -€5,763
down €5,763, from €1,690 to -€4,073
- Staff costs -€1,591
no longer reported in 2025 (was €1,591)
- Other operating charges +€308
up €308 (+33.9%), from €909 to €1,217
- Depreciation -€226
down €226 (-24.6%), from €919 to €693
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 | €7,601 | €8,033 | +€432 | +5.7% |
| Fixed assets | 21/28 | €4,154 | €3,461 | -€693 | -16.7% |
| Tangible fixed assets | 22/27 | €4,154 | €3,461 | -€693 | -16.7% |
| Furniture and vehicles | 24 | €4,154 | €3,461 | -€693 | -16.7% |
| Current assets | 29/58 | €3,448 | €4,572 | +€1,125 | +32.6% |
| Amounts receivable within one year | 40/41 | €446 | €144 | -€302 | -67.7% |
| Trade receivables | 40 | €51 | - | -€51 | |
| Other amounts receivable | 41 | €395 | €144 | -€251 | -63.5% |
| Cash at bank and in hand | 54/58 | €3,002 | €4,428 | +€1,427 | +47.5% |
| Total equity and liabilities | 10/49 | €7,601 | €8,033 | +€432 | +5.7% |
| Equity | 10/15 | €6,104 | €14 | -€6,090 | -99.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,896 | -€19,986 | -€6,090 | -43.8% |
| Amounts payable | 17/49 | €1,498 | €8,019 | +€6,522 | +435.5% |
| Amounts payable within one year | 42/48 | €1,498 | €8,019 | +€6,522 | +435.5% |
| Trade debts | 44 | €949 | €2,541 | +€1,592 | +167.8% |
| Suppliers | 440/4 | €949 | €2,541 | +€1,592 | +167.8% |
| Advances received on contracts in progress | 46 | €50 | €50 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €100 | - | -€100 | |
| Remuneration and social security | 454/9 | €100 | - | -€100 | |
| Other amounts payable | 47/48 | €399 | €5,428 | +€5,029 | +1260.8% |
| Remuneration, social security and pensions | 62 | €1,591 | - | -€1,591 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €919 | €693 | -€226 | -24.6% |
| Other operating charges | 640/8 | €909 | €1,217 | +€308 | +33.9% |
| Gross operating margin | 9900 | €1,690 | -€4,073 | -€5,763 | |
| Operating profit (loss) | 9901 | -€1,729 | -€5,983 | -€4,254 | -246.1% |
| Financial charges | 65/66B | €138 | €107 | -€32 | -23.0% |
| Recurring financial charges | 65 | €138 | €107 | -€32 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,867 | -€6,090 | -€4,222 | -226.1% |
| Profit (loss) for the period | 9904 | -€1,867 | -€6,090 | -€4,222 | -226.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,867 | -€6,090 | -€4,222 | -226.1% |
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.