S.Dautzenberg: 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.
S.Dautzenberg
Largest movements
- Cash -€18,332
down €18,332 (-13.1%), from €139,442 to €121,110
mainly Tax, wage and social debts (-€39,237) and Receivables within one year (-€6,353)
- Receivables within one year +€6,353
up €6,353 (+65.6%), from €9,680 to €16,033
of which Other amounts receivable: +€6,353
- Deferred charges and accrued income -€3,876
down €3,876 (-42.6%), from €9,089 to €5,213
- Tax, wage and social debts -€39,237
down €39,237 (-91.6%), from €42,822 to €3,585
- Reserves +€22,443
up €22,443 (+19.6%), from €114,790 to €137,233
- Gross operating margin -€40,283
down €40,283 (-52.4%), from €76,892 to €36,609
- Taxes -€11,211
down €11,211 (-53.7%), from €20,858 to €9,647
- Financial charges +€3,133
up €3,133 (+786%), from €399 to €3,532
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 | €161,347 | €144,567 | -€16,780 | -10.4% |
| Fixed assets | 21/28 | €3,136 | €2,211 | -€925 | -29.5% |
| Tangible fixed assets | 22/27 | €3,136 | €2,211 | -€925 | -29.5% |
| Plant, machinery and equipment | 23 | €1,470 | €1,172 | -€298 | -20.3% |
| Furniture and vehicles | 24 | €1,666 | €1,039 | -€627 | -37.6% |
| Current assets | 29/58 | €158,211 | €142,356 | -€15,855 | -10.0% |
| Amounts receivable within one year | 40/41 | €9,680 | €16,033 | +€6,353 | +65.6% |
| Trade receivables | 40 | €9,680 | €9,680 | = | 0.0% |
| Other amounts receivable | 41 | - | €6,353 | +€6,353 | |
| Cash at bank and in hand | 54/58 | €139,442 | €121,110 | -€18,332 | -13.1% |
| Deferred charges and accrued income | 490/1 | €9,089 | €5,213 | -€3,876 | -42.6% |
| Total equity and liabilities | 10/49 | €161,347 | €144,567 | -€16,780 | -10.4% |
| Equity | 10/15 | €115,990 | €138,433 | +€22,443 | +19.3% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €114,790 | €137,233 | +€22,443 | +19.6% |
| Distributable reserves | 133 | €114,790 | €137,233 | +€22,443 | +19.6% |
| Amounts payable | 17/49 | €45,357 | €6,134 | -€39,223 | -86.5% |
| Amounts payable within one year | 42/48 | €44,819 | €5,734 | -€39,085 | -87.2% |
| Trade debts | 44 | €1,998 | €2,149 | +€152 | +7.6% |
| Suppliers | 440/4 | €1,998 | €2,149 | +€152 | +7.6% |
| Taxes, remuneration and social security | 45 | €42,822 | €3,585 | -€39,237 | -91.6% |
| Taxes | 450/3 | €42,822 | €3,585 | -€39,237 | -91.6% |
| Accrued charges and deferred income | 492/3 | €538 | €400 | -€138 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236 | €925 | +€689 | +292% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €76,892 | €36,609 | -€40,283 | -52.4% |
| Operating profit (loss) | 9901 | €76,594 | €35,622 | -€40,972 | -53.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €399 | €3,532 | +€3,133 | +786% |
| Recurring financial charges | 65 | €399 | €3,532 | +€3,133 | +786% |
| Profit (loss) for the period before taxes | 9903 | €76,195 | €32,090 | -€44,105 | -57.9% |
| Income taxes | 67/77 | €20,858 | €9,647 | -€11,211 | -53.7% |
| Profit (loss) for the period | 9904 | €55,337 | €22,443 | -€32,894 | -59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,337 | €22,443 | -€32,894 | -59.4% |
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 29 October 2026 via checked.be.