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
- Deferred charges and accrued income +€170,769
up €170,769 (+853.5%), from €20,008 to €190,776
- Stocks and contracts +€46,299
up €46,299 (+86.2%), from €53,701 to €100,000
- Receivables within one year -€34,595
down €34,595 (-65.8%), from €52,581 to €17,985
of which Trade receivables: -€22,621
- Tangible fixed assets +€18,031
up €18,031 (+227.0%), from €7,943 to €25,973
of which Furniture and vehicles: +€18,568
- Other debts +€207,000
up €207,000 (+1272.3%), from €16,269 to €223,269
- Trade debts -€11,431
no longer reported in 2025 (was €11,431)
- Other operating charges -€4,977
down €4,977 (-87.1%), from €5,717 to €740
- Financial charges -€4,359
down €4,359 (-98.4%), from €4,431 to €73
- Gross operating margin -€3,226
down €3,226 (-22.0%), from €14,690 to €11,464
- Depreciation +€2,426
up €2,426 (+70.0%), from €3,464 to €5,890
- Taxes +€788
up €788 (+65.3%), from €1,207 to €1,995
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 | €139,101 | €340,281 | +€201,180 | +144.6% |
| Fixed assets | 21/28 | €7,943 | €25,973 | +€18,031 | +227.0% |
| Tangible fixed assets | 22/27 | €7,943 | €25,973 | +€18,031 | +227.0% |
| Plant, machinery and equipment | 23 | €1,380 | €843 | -€538 | -39.0% |
| Furniture and vehicles | 24 | €6,563 | €25,131 | +€18,568 | +282.9% |
| Current assets | 29/58 | €131,158 | €314,308 | +€183,149 | +139.6% |
| Stocks and contracts in progress | 3 | €53,701 | €100,000 | +€46,299 | +86.2% |
| Contracts in progress | 37 | €53,701 | €100,000 | +€46,299 | +86.2% |
| Amounts receivable within one year | 40/41 | €52,581 | €17,985 | -€34,595 | -65.8% |
| Trade receivables | 40 | €37,292 | €14,671 | -€22,621 | -60.7% |
| Other amounts receivable | 41 | €15,289 | €3,315 | -€11,974 | -78.3% |
| Cash at bank and in hand | 54/58 | €4,869 | €5,546 | +€677 | +13.9% |
| Deferred charges and accrued income | 490/1 | €20,008 | €190,776 | +€170,769 | +853.5% |
| Total equity and liabilities | 10/49 | €139,101 | €340,281 | +€201,180 | +144.6% |
| Equity | 10/15 | €103,993 | €107,100 | +€3,107 | +3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €85,393 | €88,500 | +€3,107 | +3.6% |
| Distributable reserves | 133 | €85,393 | €88,500 | +€3,107 | +3.6% |
| Amounts payable | 17/49 | €35,107 | €233,181 | +€198,073 | +564.2% |
| Amounts payable within one year | 42/48 | €28,992 | €226,472 | +€197,480 | +681.2% |
| Financial debts | 43 | €84 | - | -€84 | |
| Credit institutions | 430/8 | €84 | - | -€84 | |
| Trade debts | 44 | €11,431 | - | -€11,431 | |
| Suppliers | 440/4 | €11,431 | - | -€11,431 | |
| Taxes, remuneration and social security | 45 | €1,207 | €3,203 | +€1,995 | +165.3% |
| Taxes | 450/3 | €1,207 | €3,203 | +€1,995 | +165.3% |
| Other amounts payable | 47/48 | €16,269 | €223,269 | +€207,000 | +1272.3% |
| Accrued charges and deferred income | 492/3 | €6,115 | €6,709 | +€593 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,464 | €5,890 | +€2,426 | +70.0% |
| Other operating charges | 640/8 | €5,717 | €740 | -€4,977 | -87.1% |
| Gross operating margin | 9900 | €14,690 | €11,464 | -€3,226 | -22.0% |
| Operating profit (loss) | 9901 | €5,508 | €4,835 | -€674 | -12.2% |
| Financial income | 75/76B | €335 | €340 | +€5 | +1.5% |
| Recurring financial income | 75 | €335 | €340 | +€5 | +1.5% |
| Financial charges | 65/66B | €4,431 | €73 | -€4,359 | -98.4% |
| Recurring financial charges | 65 | €4,431 | €73 | -€4,359 | -98.4% |
| Profit (loss) for the period before taxes | 9903 | €1,412 | €5,102 | +€3,690 | +261.2% |
| Income taxes | 67/77 | €1,207 | €1,995 | +€788 | +65.3% |
| Profit (loss) for the period | 9904 | €205 | €3,107 | +€2,902 | +1415.2% |
| Profit (loss) for the period to be appropriated | 9905 | €205 | €3,107 | +€2,902 | +1415.2% |
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.