OLIVER DUSSIN: 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.
OLIVER DUSSIN
Largest movements
- Tangible fixed assets +€19,499
up €19,499 (+745%), from €2,616 to €22,115
of which Plant, machinery and equipment: +€12,240
- Cash +€14,424
up €14,424 (+30.5%), from €47,294 to €61,718
mainly Net result for the year (+€23,001) and Debts after one year (+€13,691)
- Receivables within one year +€6,971
up €6,971 (+162%), from €4,300 to €11,271
of which Trade receivables: +€5,976
- Reserves +€17,955
up €17,955 (+43.1%), from €41,662 to €59,617
- Debts after one year +€13,691
new in 2025: €13,691
- Accrued charges and deferred income +€5,976
up €5,976 (+383%), from €1,560 to €7,536
- Current portion of long-term debt +€3,827
new in 2025: €3,827
- Other debts -€2,365
down €2,365 (-21.9%), from €10,818 to €8,453
- Taxes +€3,302
up €3,302 (+61.9%), from €5,336 to €8,638
- Depreciation +€3,084
up €3,084 (+64.1%), from €4,810 to €7,894
- Staff costs -€1,842
no longer reported in 2025 (was €1,842)
- Gross operating margin +€1,099
up €1,099 (+2.8%), from €39,875 to €40,975
- Financial charges +€607
up €607 (+286%), from €212 to €819
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 | €62,628 | €103,908 | +€41,280 | +65.9% |
| Fixed assets | 21/28 | €11,033 | €30,594 | +€19,561 | +177% |
| Tangible fixed assets | 22/27 | €2,616 | €22,115 | +€19,499 | +745% |
| Plant, machinery and equipment | 23 | €1,534 | €13,774 | +€12,240 | +798% |
| Furniture and vehicles | 24 | €1,082 | €8,341 | +€7,259 | +671% |
| Financial fixed assets | 28 | €8,417 | €8,479 | +€62 | +0.7% |
| Current assets | 29/58 | €51,594 | €73,314 | +€21,719 | +42.1% |
| Amounts receivable within one year | 40/41 | €4,300 | €11,271 | +€6,971 | +162% |
| Trade receivables | 40 | €1,633 | €7,609 | +€5,976 | +366% |
| Other amounts receivable | 41 | €2,668 | €3,662 | +€994 | +37.3% |
| Cash at bank and in hand | 54/58 | €47,294 | €61,718 | +€14,424 | +30.5% |
| Deferred charges and accrued income | 490/1 | - | €325 | +€325 | |
| Total equity and liabilities | 10/49 | €62,628 | €103,908 | +€41,280 | +65.9% |
| Equity | 10/15 | €46,002 | €65,817 | +€19,815 | +43.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,662 | €59,617 | +€17,955 | +43.1% |
| Distributable reserves | 133 | €41,662 | €59,617 | +€17,955 | +43.1% |
| Profit (loss) carried forward | 14 | -€1,860 | - | +€1,860 | |
| Amounts payable | 17/49 | €16,626 | €38,091 | +€21,465 | +129% |
| Amounts payable after more than one year | 17 | - | €13,691 | +€13,691 | |
| Financial debts | 170/4 | - | €13,691 | +€13,691 | |
| Amounts payable within one year | 42/48 | €15,066 | €16,864 | +€1,798 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,827 | +€3,827 | |
| Trade debts | 44 | €144 | €325 | +€181 | +125% |
| Suppliers | 440/4 | €144 | €325 | +€181 | +125% |
| Taxes, remuneration and social security | 45 | €4,103 | €4,259 | +€156 | +3.8% |
| Taxes | 450/3 | €4,103 | €4,259 | +€156 | +3.8% |
| Other amounts payable | 47/48 | €10,818 | €8,453 | -€2,365 | -21.9% |
| Accrued charges and deferred income | 492/3 | €1,560 | €7,536 | +€5,976 | +383% |
| Remuneration, social security and pensions | 62 | €1,842 | - | -€1,842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,810 | €7,894 | +€3,084 | +64.1% |
| Other operating charges | 640/8 | €718 | €695 | -€23 | -3.2% |
| Gross operating margin | 9900 | €39,875 | €40,975 | +€1,099 | +2.8% |
| Operating profit (loss) | 9901 | €32,506 | €32,386 | -€119 | -0.4% |
| Financial income | 75/76B | €76 | €72 | -€4 | -5.3% |
| Recurring financial income | 75 | €76 | €72 | -€4 | -5.3% |
| Financial charges | 65/66B | €212 | €819 | +€607 | +286% |
| Recurring financial charges | 65 | €212 | €819 | +€607 | +286% |
| Profit (loss) for the period before taxes | 9903 | €32,369 | €31,639 | -€731 | -2.3% |
| Income taxes | 67/77 | €5,336 | €8,638 | +€3,302 | +61.9% |
| Profit (loss) for the period | 9904 | €27,034 | €23,001 | -€4,033 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,034 | €23,001 | -€4,033 | -14.9% |
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 24 October 2026 via checked.be.