ds-concept: 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.
ds-concept
Largest movements
- Receivables within one year -€6,077
down €6,077 (-76.7%), from €7,919 to €1,843
of which Trade receivables: -€5,879
- Deferred charges and accrued income +€4,918
up €4,918 (+646%), from €761 to €5,678
- Tangible fixed assets -€4,774
down €4,774 (-32.1%), from €14,875 to €10,102
- Cash -€2,044
down €2,044 (-37.5%), from €5,457 to €3,413
mainly Deferred charges and accrued income (-€4,918) and Other debts (-€4,560)
- Other debts -€4,560
down €4,560 (-48.8%), from €9,337 to €4,777
- Current portion of long-term debt -€1,568
no longer reported in 2025 (was €1,568)
- Profit (loss) carried forward -€1,414
down €1,414 (-61.7%), from -€2,291 to -€3,705
- Depreciation -€5,456
down €5,456 (-57.4%), from €9,512 to €4,055
- Gross operating margin -€3,701
down €3,701 (-52.9%), from €6,998 to €3,297
- Taxes -€174
no longer reported in 2025 (was €174)
- Financial income -€92
down €92 (-58.2%), from €158 to €66
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 | €50,590 | €42,146 | -€8,445 | -16.7% |
| Fixed assets | 21/28 | €14,875 | €10,102 | -€4,774 | -32.1% |
| Tangible fixed assets | 22/27 | €14,875 | €10,102 | -€4,774 | -32.1% |
| Land and buildings | 22 | €100 | €50 | -€50 | -50.0% |
| Plant, machinery and equipment | 23 | €11,973 | €9,623 | -€2,350 | -19.6% |
| Furniture and vehicles | 24 | €2,803 | €429 | -€2,374 | -84.7% |
| Current assets | 29/58 | €35,715 | €32,044 | -€3,671 | -10.3% |
| Stocks and contracts in progress | 3 | €21,578 | €21,111 | -€468 | -2.2% |
| Stocks | 30/36 | €21,578 | €21,111 | -€468 | -2.2% |
| Amounts receivable within one year | 40/41 | €7,919 | €1,843 | -€6,077 | -76.7% |
| Trade receivables | 40 | €7,683 | €1,804 | -€5,879 | -76.5% |
| Other amounts receivable | 41 | €237 | €39 | -€198 | -83.6% |
| Cash at bank and in hand | 54/58 | €5,457 | €3,413 | -€2,044 | -37.5% |
| Deferred charges and accrued income | 490/1 | €761 | €5,678 | +€4,918 | +646% |
| Total equity and liabilities | 10/49 | €50,590 | €42,146 | -€8,445 | -16.7% |
| Equity | 10/15 | €38,460 | €37,046 | -€1,414 | -3.7% |
| Contributions | 10/11 | €6,324 | €6,324 | = | 0.0% |
| Reserves | 13 | €34,427 | €34,427 | = | 0.0% |
| Distributable reserves | 133 | €34,427 | €34,427 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,291 | -€3,705 | -€1,414 | -61.7% |
| Amounts payable | 17/49 | €12,130 | €5,100 | -€7,031 | -58.0% |
| Amounts payable within one year | 42/48 | €11,730 | €5,100 | -€6,631 | -56.5% |
| Current portion of amounts payable after more than one year | 42 | €1,568 | - | -€1,568 | |
| Trade debts | 44 | €644 | €322 | -€322 | -50.0% |
| Suppliers | 440/4 | €644 | €322 | -€322 | -50.0% |
| Taxes, remuneration and social security | 45 | €181 | - | -€181 | |
| Taxes | 450/3 | €181 | - | -€181 | |
| Other amounts payable | 47/48 | €9,337 | €4,777 | -€4,560 | -48.8% |
| Accrued charges and deferred income | 492/3 | €400 | - | -€400 | |
| Non-recurring operating income | 76A | - | €740 | +€740 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,512 | €4,055 | -€5,456 | -57.4% |
| Other operating charges | 640/8 | €241 | €244 | +€4 | +1.5% |
| Non-recurring operating charges | 66A | - | €303 | +€303 | |
| Gross operating margin | 9900 | €6,998 | €3,297 | -€3,701 | -52.9% |
| Operating profit (loss) | 9901 | -€2,754 | -€1,305 | +€1,449 | +52.6% |
| Financial income | 75/76B | €158 | €66 | -€92 | -58.2% |
| Recurring financial income | 75 | €158 | €66 | -€92 | -58.2% |
| Financial charges | 65/66B | €154 | €175 | +€22 | +14.1% |
| Recurring financial charges | 65 | €154 | €175 | +€22 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,750 | -€1,414 | +€1,336 | +48.6% |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | -€2,924 | -€1,414 | +€1,510 | +51.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,924 | -€1,414 | +€1,510 | +51.6% |
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 19 October 2026 via checked.be.