System D: 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.
System D
Largest movements
- Cash +€30,537
up €30,537 (+66.0%), from €46,259 to €76,796
mainly Net result for the year (+€22,354) and Depreciation (+€15,940)
- Tangible fixed assets -€11,901
down €11,901 (-35.9%), from €33,178 to €21,278
of which Furniture and vehicles: -€10,897
- Profit (loss) carried forward +€22,354
up €22,354 (+56.7%), from €39,447 to €61,801
- Debts after one year -€8,405
down €8,405 (-46.9%), from €17,931 to €9,526
- Trade debts +€2,718
new in 2025: €2,718
- Tax, wage and social debts +€1,970
up €1,970 (+37.2%), from €5,299 to €7,269
of which Taxes: +€3,749
- Gross operating margin +€26,767
up €26,767 (+133.2%), from €20,100 to €46,866
- Taxes +€5,430
up €5,430 (+542.4%), from €1,001 to €6,432
- Depreciation +€743
up €743 (+4.9%), from €15,197 to €15,940
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 | €88,858 | €107,489 | +€18,631 | +21.0% |
| Fixed assets | 21/28 | €33,262 | €21,278 | -€11,984 | -36.0% |
| Intangible fixed assets | 21 | €84 | - | -€84 | |
| Tangible fixed assets | 22/27 | €33,178 | €21,278 | -€11,901 | -35.9% |
| Land and buildings | 22 | €264 | €98 | -€166 | -62.8% |
| Plant, machinery and equipment | 23 | €8,248 | €7,410 | -€838 | -10.2% |
| Furniture and vehicles | 24 | €24,667 | €13,770 | -€10,897 | -44.2% |
| Current assets | 29/58 | €55,596 | €86,212 | +€30,616 | +55.1% |
| Amounts receivable within one year | 40/41 | €9,337 | €9,416 | +€79 | +0.8% |
| Trade receivables | 40 | €9,336 | €9,414 | +€79 | +0.8% |
| Other amounts receivable | 41 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €46,259 | €76,796 | +€30,537 | +66.0% |
| Total equity and liabilities | 10/49 | €88,858 | €107,489 | +€18,631 | +21.0% |
| Equity | 10/15 | €44,447 | €66,801 | +€22,354 | +50.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,447 | €61,801 | +€22,354 | +56.7% |
| Amounts payable | 17/49 | €44,411 | €40,689 | -€3,722 | -8.4% |
| Amounts payable after more than one year | 17 | €17,931 | €9,526 | -€8,405 | -46.9% |
| Financial debts | 170/4 | €17,931 | €9,526 | -€8,405 | -46.9% |
| Amounts payable within one year | 42/48 | €26,480 | €31,163 | +€4,683 | +17.7% |
| Current portion of amounts payable after more than one year | 42 | €8,049 | €8,405 | +€356 | +4.4% |
| Trade debts | 44 | - | €2,718 | +€2,718 | |
| Suppliers | 440/4 | - | €2,718 | +€2,718 | |
| Advances received on contracts in progress | 46 | €6,000 | €6,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €5,299 | €7,269 | +€1,970 | +37.2% |
| Taxes | 450/3 | €3,520 | €7,269 | +€3,749 | +106.5% |
| Remuneration and social security | 454/9 | €1,779 | - | -€1,779 | |
| Other amounts payable | 47/48 | €7,132 | €6,770 | -€362 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,197 | €15,940 | +€743 | +4.9% |
| Other operating charges | 640/8 | €488 | €698 | +€209 | +42.9% |
| Gross operating margin | 9900 | €20,100 | €46,866 | +€26,767 | +133.2% |
| Operating profit (loss) | 9901 | €4,414 | €30,229 | +€25,815 | +584.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,810 | €1,444 | -€367 | -20.2% |
| Recurring financial charges | 65 | €1,810 | €1,444 | -€367 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €2,604 | €28,785 | +€26,181 | +1005.3% |
| Income taxes | 67/77 | €1,001 | €6,432 | +€5,430 | +542.4% |
| Profit (loss) for the period | 9904 | €1,603 | €22,354 | +€20,751 | +1294.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,603 | €22,354 | +€20,751 | +1294.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.