D & D Associés: 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 Associés
Largest movements
- Tangible fixed assets -€37,507
down €37,507 (-16.0%), from €234,839 to €197,332
of which Furniture and vehicles: -€29,411
- Receivables after one year -€19,742
down €19,742 (-100%), from €19,742 to €0
- Trade debts -€38,114
down €38,114 (-71.8%), from €53,047 to €14,933
- Debts after one year -€19,622
down €19,622 (-27.3%), from €71,852 to €52,229
- Reserves +€12,767
up €12,767 (+7.1%), from €179,289 to €192,056
- Other debts -€11,209
down €11,209 (-25.5%), from €43,944 to €32,735
- Gross operating margin +€52,956
up €52,956 (+26.3%), from €201,581 to €254,537
- Staff costs +€46,478
up €46,478 (+39.8%), from €116,869 to €163,347
- Depreciation +€17,936
up €17,936 (+91.6%), from €19,571 to €37,507
- Taxes -€6,670
down €6,670 (-38.9%), from €17,130 to €10,461
- Financial income -€2,566
down €2,566 (-78.2%), from €3,280 to €714
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 | €535,104 | €480,226 | -€54,878 | -10.3% |
| Fixed assets | 21/28 | €239,061 | €201,416 | -€37,645 | -15.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €234,839 | €197,332 | -€37,507 | -16.0% |
| Land and buildings | 22 | €96,708 | €88,611 | -€8,096 | -8.4% |
| Furniture and vehicles | 24 | €138,132 | €108,721 | -€29,411 | -21.3% |
| Financial fixed assets | 28 | €4,221 | €4,084 | -€138 | -3.3% |
| Current assets | 29/58 | €296,043 | €278,810 | -€17,233 | -5.8% |
| Amounts receivable after more than one year | 29 | €19,742 | €0 | -€19,742 | -100% |
| Other amounts receivable | 291 | €19,742 | €0 | -€19,742 | -100% |
| Amounts receivable within one year | 40/41 | €224,455 | €226,454 | +€1,998 | +0.9% |
| Trade receivables | 40 | €155,951 | €153,247 | -€2,704 | -1.7% |
| Other amounts receivable | 41 | €68,504 | €73,207 | +€4,703 | +6.9% |
| Current investments | 50/53 | €611 | €611 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €50,865 | €49,059 | -€1,806 | -3.6% |
| Deferred charges and accrued income | 490/1 | €369 | €2,687 | +€2,317 | +627% |
| Total equity and liabilities | 10/49 | €535,104 | €480,226 | -€54,878 | -10.3% |
| Equity | 10/15 | €199,203 | €211,971 | +€12,768 | +6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €179,289 | €192,056 | +€12,767 | +7.1% |
| Distributable reserves | 133 | €179,289 | €192,056 | +€12,767 | +7.1% |
| Profit (loss) carried forward | 14 | €1,322 | €1,323 | +€1 | +0.1% |
| Amounts payable | 17/49 | €335,901 | €268,255 | -€67,646 | -20.1% |
| Amounts payable after more than one year | 17 | €71,852 | €52,229 | -€19,622 | -27.3% |
| Financial debts | 170/4 | €71,852 | €52,229 | -€19,622 | -27.3% |
| Amounts payable within one year | 42/48 | €264,049 | €216,026 | -€48,024 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €18,934 | €19,622 | +€688 | +3.6% |
| Financial debts | 43 | €83,000 | €81,500 | -€1,500 | -1.8% |
| Credit institutions | 430/8 | €83,000 | €81,500 | -€1,500 | -1.8% |
| Trade debts | 44 | €53,047 | €14,933 | -€38,114 | -71.8% |
| Suppliers | 440/4 | €53,047 | €14,933 | -€38,114 | -71.8% |
| Taxes, remuneration and social security | 45 | €65,124 | €67,235 | +€2,111 | +3.2% |
| Taxes | 450/3 | €37,081 | €37,878 | +€797 | +2.1% |
| Remuneration and social security | 454/9 | €28,043 | €29,357 | +€1,314 | +4.7% |
| Other amounts payable | 47/48 | €43,944 | €32,735 | -€11,209 | -25.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €116,869 | €163,347 | +€46,478 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,571 | €37,507 | +€17,936 | +91.6% |
| Other operating charges | 640/8 | €4,781 | €4,421 | -€360 | -7.5% |
| Gross operating margin | 9900 | €201,581 | €254,537 | +€52,956 | +26.3% |
| Operating profit (loss) | 9901 | €60,360 | €49,262 | -€11,098 | -18.4% |
| Financial income | 75/76B | €3,280 | €714 | -€2,566 | -78.2% |
| Recurring financial income | 75 | €3,280 | €714 | -€2,566 | -78.2% |
| Financial charges | 65/66B | €12,120 | €9,887 | -€2,233 | -18.4% |
| Recurring financial charges | 65 | €12,120 | €9,887 | -€2,233 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €51,519 | €40,089 | -€11,431 | -22.2% |
| Income taxes | 67/77 | €17,130 | €10,461 | -€6,670 | -38.9% |
| Profit (loss) for the period | 9904 | €34,389 | €29,628 | -€4,761 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €34,389 | €29,628 | -€4,761 | -13.8% |
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 21 October 2026 via checked.be.