D&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.
D&D
Largest movements
- Receivables within one year -€30,627
down €30,627 (-14.3%), from €213,553 to €182,926
of which Other amounts receivable: -€27,477
- Tangible fixed assets -€15,962
down €15,962 (-16.6%), from €95,997 to €80,035
of which Other tangible fixed assets: -€8,899
- Cash +€3,170
up €3,170 (+293.8%), from €1,079 to €4,248
mainly Receivables within one year (+€30,627) and Depreciation (+€15,962)
- Trade debts -€34,301
down €34,301 (-55.1%), from €62,272 to €27,971
- Tax, wage and social debts -€7,109
down €7,109 (-43.1%), from €16,488 to €9,380
- Other debts -€3,286
down €3,286 (-1.5%), from €217,668 to €214,382
- Financial income -€125,416
down €125,416 (-100.0%), from €125,423 to €6
of which Non-recurring financial income: -€125,361
- Gross operating margin +€86,151
up €86,151, from -€62,451 to €23,700
- Financial charges +€1,513
up €1,513 (+78.7%), from €1,921 to €3,434
- Other operating charges +€1,304
up €1,304 (+90.0%), from €1,450 to €2,754
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 | €313,362 | €269,953 | -€43,409 | -13.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €95,997 | €80,035 | -€15,962 | -16.6% |
| Tangible fixed assets | 22/27 | €95,997 | €80,035 | -€15,962 | -16.6% |
| Plant, machinery and equipment | 23 | €19,730 | €14,155 | -€5,575 | -28.3% |
| Furniture and vehicles | 24 | €3,392 | €1,904 | -€1,488 | -43.9% |
| Other tangible fixed assets | 26 | €72,875 | €63,975 | -€8,899 | -12.2% |
| Current assets | 29/58 | €217,366 | €189,919 | -€27,447 | -12.6% |
| Stocks and contracts in progress | 3 | €2,257 | €2,257 | = | 0.0% |
| Stocks | 30/36 | €2,257 | €2,257 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €213,553 | €182,926 | -€30,627 | -14.3% |
| Trade receivables | 40 | €25,000 | €21,850 | -€3,150 | -12.6% |
| Other amounts receivable | 41 | €188,553 | €161,076 | -€27,477 | -14.6% |
| Cash at bank and in hand | 54/58 | €1,079 | €4,248 | +€3,170 | +293.8% |
| Deferred charges and accrued income | 490/1 | €477 | €488 | +€10 | +2.2% |
| Total equity and liabilities | 10/49 | €313,362 | €269,953 | -€43,409 | -13.9% |
| Equity | 10/15 | €14,464 | €16,021 | +€1,557 | +10.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,435 | €20,435 | = | 0.0% |
| Distributable reserves | 133 | €20,435 | €20,435 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,571 | -€23,014 | +€1,557 | +6.3% |
| Amounts payable | 17/49 | €298,898 | €253,932 | -€44,966 | -15.0% |
| Amounts payable within one year | 42/48 | €298,852 | €253,932 | -€44,920 | -15.0% |
| Current portion of amounts payable after more than one year | 42 | €424 | - | -€424 | |
| Financial debts | 43 | €2,000 | €2,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000 | €2,000 | = | 0.0% |
| Trade debts | 44 | €62,272 | €27,971 | -€34,301 | -55.1% |
| Suppliers | 440/4 | €62,272 | €27,971 | -€34,301 | -55.1% |
| Advances received on contracts in progress | 46 | - | €200 | +€200 | |
| Taxes, remuneration and social security | 45 | €16,488 | €9,380 | -€7,109 | -43.1% |
| Taxes | 450/3 | €16,488 | €9,380 | -€7,109 | -43.1% |
| Other amounts payable | 47/48 | €217,668 | €214,382 | -€3,286 | -1.5% |
| Accrued charges and deferred income | 492/3 | €46 | - | -€46 | |
| Non-recurring operating income | 76A | €893 | - | -€893 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,553 | €15,962 | +€409 | +2.6% |
| Other operating charges | 640/8 | €1,450 | €2,754 | +€1,304 | +90.0% |
| Non-recurring operating charges | 66A | €8,398 | - | -€8,398 | |
| Gross operating margin | 9900 | -€62,451 | €23,700 | +€86,151 | |
| Operating profit (loss) | 9901 | -€87,852 | €4,984 | +€92,836 | |
| Financial income | 75/76B | €125,423 | €6 | -€125,416 | -100.0% |
| Recurring financial income | 75 | €61 | €6 | -€55 | -89.7% |
| Non-recurring financial income | 76B | €125,361 | - | -€125,361 | |
| Financial charges | 65/66B | €1,921 | €3,434 | +€1,513 | +78.7% |
| Recurring financial charges | 65 | €1,921 | €3,434 | +€1,513 | +78.7% |
| Profit (loss) for the period before taxes | 9903 | €35,650 | €1,557 | -€34,093 | -95.6% |
| Profit (loss) for the period | 9904 | €35,650 | €1,557 | -€34,093 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,650 | €1,557 | -€34,093 | -95.6% |
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 9 October 2026 via checked.be.