D'andt: 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.
D'andt
Largest movements
- Receivables within one year -€41,880
down €41,880 (-55.3%), from €75,737 to €33,857
of which Trade receivables: -€34,670
- Cash -€29,442
down €29,442 (-66.5%), from €44,288 to €14,846
mainly Net result for the year (-€64,932) and Tax, wage and social debts (-€13,906)
- Tangible fixed assets +€9,928
up €9,928 (+110%), from €9,003 to €18,932
of which Other tangible fixed assets: +€5,626
- Profit (loss) carried forward -€64,932
down €64,932 (-79.8%), from -€81,354 to -€146,286
- Other debts +€19,160
up €19,160 (+11.3%), from €169,192 to €188,352
- Tax, wage and social debts -€13,906
down €13,906 (-82.0%), from €16,961 to €3,055
of which Remuneration and social security: -€14,038
- Gross operating margin -€72,608
down €72,608 (-97.0%), from €74,861 to €2,253
- Staff costs -€7,760
down €7,760 (-11.1%), from €70,015 to €62,256
- Financial income -€5,258
down €5,258 (-91.6%), from €5,740 to €482
- Depreciation +€1,075
up €1,075 (+60.3%), from €1,783 to €2,858
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 | €130,494 | €68,874 | -€61,620 | -47.2% |
| Fixed assets | 21/28 | €9,353 | €18,932 | +€9,578 | +102% |
| Tangible fixed assets | 22/27 | €9,003 | €18,932 | +€9,928 | +110% |
| Plant, machinery and equipment | 23 | €907 | €75 | -€832 | -91.8% |
| Furniture and vehicles | 24 | €1,750 | €6,884 | +€5,135 | +294% |
| Other tangible fixed assets | 26 | €6,347 | €11,973 | +€5,626 | +88.6% |
| Financial fixed assets | 28 | €350 | - | -€350 | |
| Current assets | 29/58 | €121,140 | €49,943 | -€71,198 | -58.8% |
| Amounts receivable within one year | 40/41 | €75,737 | €33,857 | -€41,880 | -55.3% |
| Trade receivables | 40 | €67,472 | €32,802 | -€34,670 | -51.4% |
| Other amounts receivable | 41 | €8,265 | €1,055 | -€7,210 | -87.2% |
| Cash at bank and in hand | 54/58 | €44,288 | €14,846 | -€29,442 | -66.5% |
| Deferred charges and accrued income | 490/1 | €1,115 | €1,240 | +€125 | +11.2% |
| Total equity and liabilities | 10/49 | €130,494 | €68,874 | -€61,620 | -47.2% |
| Equity | 10/15 | -€61,098 | -€126,030 | -€64,932 | -106% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,656 | €1,656 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,656 | €1,656 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,656 | €1,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,354 | -€146,286 | -€64,932 | -79.8% |
| Amounts payable | 17/49 | €191,592 | €194,904 | +€3,312 | +1.7% |
| Amounts payable within one year | 42/48 | €191,592 | €194,904 | +€3,312 | +1.7% |
| Financial debts | 43 | €3,128 | €2,166 | -€962 | -30.7% |
| Credit institutions | 430/8 | €3,128 | €2,166 | -€962 | -30.7% |
| Trade debts | 44 | €2,311 | €1,331 | -€980 | -42.4% |
| Suppliers | 440/4 | €2,311 | €1,331 | -€980 | -42.4% |
| Taxes, remuneration and social security | 45 | €16,961 | €3,055 | -€13,906 | -82.0% |
| Taxes | 450/3 | €835 | €966 | +€131 | +15.7% |
| Remuneration and social security | 454/9 | €16,126 | €2,088 | -€14,038 | -87.0% |
| Other amounts payable | 47/48 | €169,192 | €188,352 | +€19,160 | +11.3% |
| Remuneration, social security and pensions | 62 | €70,015 | €62,256 | -€7,760 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,783 | €2,858 | +€1,075 | +60.3% |
| Other operating charges | 640/8 | €1,009 | €1,101 | +€92 | +9.1% |
| Non-recurring operating charges | 66A | €735 | €239 | -€496 | -67.5% |
| Gross operating margin | 9900 | €74,861 | €2,253 | -€72,608 | -97.0% |
| Operating profit (loss) | 9901 | €1,319 | -€64,201 | -€65,520 | |
| Financial income | 75/76B | €5,740 | €482 | -€5,258 | -91.6% |
| Recurring financial income | 75 | €5,740 | €482 | -€5,258 | -91.6% |
| Financial charges | 65/66B | €1,334 | €1,049 | -€285 | -21.4% |
| Recurring financial charges | 65 | €1,334 | €1,049 | -€285 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €5,726 | -€64,767 | -€70,493 | |
| Income taxes | 67/77 | €161 | €165 | +€4 | +2.2% |
| Profit (loss) for the period | 9904 | €5,564 | -€64,932 | -€70,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,564 | -€64,932 | -€70,496 |
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 14 October 2026 via checked.be.