D & A Express: 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.
D & A Express
Largest movements
- Receivables within one year +€105,265
up €105,265 (+257.3%), from €40,905 to €146,170
of which Other amounts receivable: +€97,833
- Tangible fixed assets -€65,988
down €65,988 (-16.5%), from €398,807 to €332,819
of which Other tangible fixed assets: -€65,141
- Cash +€13,919
up €13,919 (+22.0%), from €63,206 to €77,126
mainly Net result for the year (+€69,867) and Depreciation (+€66,042)
- Deferred charges and accrued income -€8,387
down €8,387 (-52.7%), from €15,928 to €7,541
- Profit (loss) carried forward +€69,867
up €69,867 (+1203.0%), from €5,808 to €75,675
- Debts after one year -€33,626
down €33,626 (-12.0%), from €279,667 to €246,041
- Tax, wage and social debts +€11,546
up €11,546 (+45.8%), from €25,214 to €36,760
of which Taxes: +€17,574
- Gross operating margin +€92,849
up €92,849 (+34.1%), from €272,622 to €365,471
- Taxes +€16,608
up €16,608 (+1789.8%), from €928 to €17,536
- Financial charges +€16,144
up €16,144 (+97.4%), from €16,576 to €32,720
- Staff costs -€9,518
down €9,518 (-5.1%), from €188,388 to €178,870
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 | €644,957 | €688,973 | +€44,016 | +6.8% |
| Formation expenses | 20 | €54 | - | -€54 | |
| Fixed assets | 21/28 | €398,807 | €332,819 | -€65,988 | -16.5% |
| Tangible fixed assets | 22/27 | €398,807 | €332,819 | -€65,988 | -16.5% |
| Plant, machinery and equipment | 23 | €3,388 | €2,541 | -€847 | -25.0% |
| Other tangible fixed assets | 26 | €395,420 | €330,278 | -€65,141 | -16.5% |
| Current assets | 29/58 | €246,096 | €356,154 | +€110,058 | +44.7% |
| Stocks and contracts in progress | 3 | €126,057 | €125,318 | -€739 | -0.6% |
| Stocks | 30/36 | €126,057 | €125,318 | -€739 | -0.6% |
| Amounts receivable within one year | 40/41 | €40,905 | €146,170 | +€105,265 | +257.3% |
| Trade receivables | 40 | €16,040 | €23,472 | +€7,432 | +46.3% |
| Other amounts receivable | 41 | €24,865 | €122,698 | +€97,833 | +393.5% |
| Cash at bank and in hand | 54/58 | €63,206 | €77,126 | +€13,919 | +22.0% |
| Deferred charges and accrued income | 490/1 | €15,928 | €7,541 | -€8,387 | -52.7% |
| Total equity and liabilities | 10/49 | €644,957 | €688,973 | +€44,016 | +6.8% |
| Equity | 10/15 | €100,808 | €170,675 | +€69,867 | +69.3% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,808 | €75,675 | +€69,867 | +1203.0% |
| Amounts payable | 17/49 | €544,150 | €518,299 | -€25,851 | -4.8% |
| Amounts payable after more than one year | 17 | €279,667 | €246,041 | -€33,626 | -12.0% |
| Financial debts | 170/4 | €279,667 | €246,041 | -€33,626 | -12.0% |
| Amounts payable within one year | 42/48 | €264,482 | €272,258 | +€7,775 | +2.9% |
| Current portion of amounts payable after more than one year | 42 | €46,626 | €48,626 | +€2,000 | +4.3% |
| Trade debts | 44 | €188,007 | €186,872 | -€1,136 | -0.6% |
| Suppliers | 440/4 | €188,007 | €186,872 | -€1,136 | -0.6% |
| Taxes, remuneration and social security | 45 | €25,214 | €36,760 | +€11,546 | +45.8% |
| Taxes | 450/3 | €928 | €18,502 | +€17,574 | +1893.9% |
| Remuneration and social security | 454/9 | €24,286 | €18,258 | -€6,028 | -24.8% |
| Other amounts payable | 47/48 | €4,635 | - | -€4,635 | |
| Remuneration, social security and pensions | 62 | €188,388 | €178,870 | -€9,518 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,397 | €66,042 | +€3,645 | +5.8% |
| Other operating charges | 640/8 | €342 | €822 | +€481 | +140.8% |
| Gross operating margin | 9900 | €272,622 | €365,471 | +€92,849 | +34.1% |
| Operating profit (loss) | 9901 | €21,495 | €119,737 | +€98,242 | +457.0% |
| Financial income | 75/76B | €1,816 | €385 | -€1,431 | -78.8% |
| Recurring financial income | 75 | €1,816 | €385 | -€1,431 | -78.8% |
| Financial charges | 65/66B | €16,576 | €32,720 | +€16,144 | +97.4% |
| Recurring financial charges | 65 | €16,576 | €32,720 | +€16,144 | +97.4% |
| Profit (loss) for the period before taxes | 9903 | €6,736 | €87,403 | +€80,667 | +1197.6% |
| Income taxes | 67/77 | €928 | €17,536 | +€16,608 | +1789.8% |
| Profit (loss) for the period | 9904 | €5,808 | €69,867 | +€64,059 | +1103.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,808 | €69,867 | +€64,059 | +1103.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.