D & B - INVEST: what changed
D & B - INVEST
Largest movements
- Cash +€183,839
up €183,839 (+4,180%), from €4,398 to €188,237
mainly Net result for the year (+€146,297) and Trade debts (+€69,653)
- Tangible fixed assets +€162,603
up €162,603 (+13.3%), from €1.2m to €1.4m
of which Furniture and vehicles: +€149,920
- Receivables within one year -€36,078
down €36,078 (-38.4%), from €94,070 to €57,992
of which Trade receivables: -€41,165
- Reserves +€146,297
up €146,297 (+40.6%), from €360,134 to €506,431
of which Distributable reserves: +€146,297
- Trade debts +€69,653
up €69,653 (+65.8%), from €105,793 to €175,445
- Debts after one year +€62,675
up €62,675 (+7.8%), from €808,385 to €871,060
- Current portion of long-term debt +€26,786
up €26,786 (+72.7%), from €36,821 to €63,607
- Gross operating margin +€123,882
up €123,882 (+82.7%), from €149,732 to €273,614
- Taxes +€55,133
up €55,133 (+789%), from €6,986 to €62,119
- Depreciation -€45,225
down €45,225 (-62.0%), from €72,992 to €27,767
- Financial income -€18,791
down €18,791 (-92.7%), from €20,267 to €1,476
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,344,075 | €1,655,812 | +€311,737 | +23.2% |
| Fixed assets | 21/28 | €1,221,057 | €1,383,660 | +€162,603 | +13.3% |
| Tangible fixed assets | 22/27 | €1,221,057 | €1,383,660 | +€162,603 | +13.3% |
| Land and buildings | 22 | €1,207,947 | €1,222,151 | +€14,204 | +1.2% |
| Plant, machinery and equipment | 23 | €4,564 | €3,043 | -€1,521 | -33.3% |
| Furniture and vehicles | 24 | €8,546 | €158,466 | +€149,920 | +1,754% |
| Current assets | 29/58 | €123,019 | €272,152 | +€149,133 | +121% |
| Amounts receivable within one year | 40/41 | €94,070 | €57,992 | -€36,078 | -38.4% |
| Trade receivables | 40 | €61,800 | €20,635 | -€41,165 | -66.6% |
| Other amounts receivable | 41 | €32,270 | €37,357 | +€5,087 | +15.8% |
| Current investments | 50/53 | €24,390 | €24,390 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,398 | €188,237 | +€183,839 | +4,180% |
| Deferred charges and accrued income | 490/1 | €160 | €1,532 | +€1,373 | +860% |
| Total equity and liabilities | 10/49 | €1,344,075 | €1,655,812 | +€311,737 | +23.2% |
| Equity | 10/15 | €380,134 | €526,431 | +€146,297 | +38.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €360,134 | €506,431 | +€146,297 | +40.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €360,134 | €506,431 | +€146,297 | +40.6% |
| Amounts payable | 17/49 | €963,941 | €1,129,381 | +€165,440 | +17.2% |
| Amounts payable after more than one year | 17 | €808,385 | €871,060 | +€62,675 | +7.8% |
| Financial debts | 170/4 | €808,385 | €871,060 | +€62,675 | +7.8% |
| Amounts payable within one year | 42/48 | €147,067 | €249,178 | +€102,111 | +69.4% |
| Current portion of amounts payable after more than one year | 42 | €36,821 | €63,607 | +€26,786 | +72.7% |
| Trade debts | 44 | €105,793 | €175,445 | +€69,653 | +65.8% |
| Suppliers | 440/4 | €105,793 | €175,445 | +€69,653 | +65.8% |
| Taxes, remuneration and social security | 45 | €2,892 | €7,867 | +€4,975 | +172% |
| Taxes | 450/3 | €2,892 | €7,867 | +€4,975 | +172% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,561 | €2,259 | +€698 | +44.7% |
| Accrued charges and deferred income | 492/3 | €8,489 | €9,143 | +€654 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,992 | €27,767 | -€45,225 | -62.0% |
| Other operating charges | 640/8 | €7,044 | €8,876 | +€1,832 | +26.0% |
| Gross operating margin | 9900 | €149,732 | €273,614 | +€123,882 | +82.7% |
| Operating profit (loss) | 9901 | €69,696 | €236,971 | +€167,275 | +240% |
| Financial income | 75/76B | €20,267 | €1,476 | -€18,791 | -92.7% |
| Recurring financial income | 75 | €20,267 | €1,476 | -€18,791 | -92.7% |
| Financial charges | 65/66B | €27,542 | €30,032 | +€2,490 | +9.0% |
| Recurring financial charges | 65 | €27,542 | €30,032 | +€2,490 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €62,421 | €208,415 | +€145,995 | +234% |
| Income taxes | 67/77 | €6,986 | €62,119 | +€55,133 | +789% |
| Profit (loss) for the period | 9904 | €55,435 | €146,297 | +€90,862 | +164% |
| Profit (loss) for the period to be appropriated | 9905 | €55,435 | €146,297 | +€90,862 | +164% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.