D.D.D. CONSULT: 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.D. CONSULT
Largest movements
- Tangible fixed assets +€1.3m
up €1.3m (+12.9%), from €10.1m to €11.4m
of which Land and buildings: +€3.9m
- Current investments -€830,167
down €830,167 (-13.0%), from €6.4m to €5.6m
- Cash -€418,539
down €418,539 (-74.7%), from €560,507 to €141,968
mainly Investment in fixed assets (net) (-€1.5m) and Advances received (-€154,275)
- Reserves +€229,296
up €229,296 (+1.1%), from €20.9m to €21.1m
of which Distributable reserves: +€229,296
- Financial income +€165,779
up €165,779 (+91.5%), from €181,080 to €346,858
- Gross operating margin +€117,474
up €117,474 (+16.0%), from €732,961 to €850,435
- Staff costs +€70,634
up €70,634 (+13.2%), from €533,209 to €603,843
- Financial charges -€51,762
down €51,762 (-44.3%), from €116,716 to €64,954
- Taxes +€28,472
up €28,472 (+213.4%), from €13,339 to €41,811
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 | €21,727,786 | €21,816,751 | +€88,966 | +0.4% |
| Fixed assets | 21/28 | €10,100,726 | €11,401,659 | +€1.3m | +12.9% |
| Tangible fixed assets | 22/27 | €10,100,726 | €11,401,659 | +€1.3m | +12.9% |
| Land and buildings | 22 | €7,355,741 | €11,223,567 | +€3.9m | +52.6% |
| Furniture and vehicles | 24 | €86,794 | €178,092 | +€91,298 | +105.2% |
| Other tangible fixed assets | 26 | €2,658,191 | €0 | -€2.7m | -100.0% |
| Current assets | 29/58 | €11,627,060 | €10,415,092 | -€1.2m | -10.4% |
| Amounts receivable after more than one year | 29 | €4,350,000 | €4,350,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,350,000 | €4,350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €310,953 | €348,638 | +€37,685 | +12.1% |
| Trade receivables | 40 | €15,281 | €41,026 | +€25,745 | +168.5% |
| Other amounts receivable | 41 | €295,672 | €307,611 | +€11,939 | +4.0% |
| Current investments | 50/53 | €6,402,905 | €5,572,739 | -€830,167 | -13.0% |
| Cash at bank and in hand | 54/58 | €560,507 | €141,968 | -€418,539 | -74.7% |
| Deferred charges and accrued income | 490/1 | €2,695 | €1,748 | -€947 | -35.2% |
| Total equity and liabilities | 10/49 | €21,727,786 | €21,816,751 | +€88,966 | +0.4% |
| Equity | 10/15 | €20,935,490 | €21,164,786 | +€229,296 | +1.1% |
| Contributions | 10/11 | €80,840 | €80,840 | = | 0.0% |
| Capital | 10 | €80,840 | €80,840 | = | 0.0% |
| Issued capital | 100 | €80,840 | €80,840 | = | 0.0% |
| Reserves | 13 | €20,854,650 | €21,083,946 | +€229,296 | +1.1% |
| Non-distributable reserves | 130/1 | €43,282 | €43,282 | = | 0.0% |
| Legal reserve | 130 | €43,282 | €43,282 | = | 0.0% |
| Distributable reserves | 133 | €20,811,368 | €21,040,664 | +€229,296 | +1.1% |
| Amounts payable | 17/49 | €792,295 | €651,965 | -€140,330 | -17.7% |
| Amounts payable after more than one year | 17 | €377,676 | €307,036 | -€70,641 | -18.7% |
| Financial debts | 170/4 | €377,676 | €307,036 | -€70,641 | -18.7% |
| Amounts payable within one year | 42/48 | €404,917 | €336,427 | -€68,490 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €68,351 | €70,641 | +€2,290 | +3.4% |
| Trade debts | 44 | €79,184 | €150,122 | +€70,938 | +89.6% |
| Suppliers | 440/4 | €79,184 | €150,122 | +€70,938 | +89.6% |
| Advances received on contracts in progress | 46 | €154,275 | - | -€154,275 | |
| Taxes, remuneration and social security | 45 | €103,108 | €115,664 | +€12,557 | +12.2% |
| Taxes | 450/3 | €25,895 | €20,800 | -€5,095 | -19.7% |
| Remuneration and social security | 454/9 | €77,213 | €94,864 | +€17,651 | +22.9% |
| Accrued charges and deferred income | 492/3 | €9,701 | €8,502 | -€1,199 | -12.4% |
| Non-recurring operating income | 76A | - | €2,262 | +€2,262 | |
| Remuneration, social security and pensions | 62 | €533,209 | €603,843 | +€70,634 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,187 | €228,577 | +€25,391 | +12.5% |
| Other operating charges | 640/8 | €11,846 | €23,390 | +€11,543 | +97.4% |
| Non-recurring operating charges | 66A | - | €5,423 | +€5,423 | |
| Gross operating margin | 9900 | €732,961 | €850,435 | +€117,474 | +16.0% |
| Operating profit (loss) | 9901 | -€15,281 | -€10,797 | +€4,484 | +29.3% |
| Financial income | 75/76B | €181,080 | €346,858 | +€165,779 | +91.5% |
| Recurring financial income | 75 | €181,080 | €346,858 | +€165,779 | +91.5% |
| Financial charges | 65/66B | €116,716 | €64,954 | -€51,762 | -44.3% |
| Recurring financial charges | 65 | €116,716 | €64,954 | -€51,762 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €49,083 | €271,107 | +€222,024 | +452.3% |
| Income taxes | 67/77 | €13,339 | €41,811 | +€28,472 | +213.4% |
| Profit (loss) for the period | 9904 | €35,744 | €229,296 | +€193,552 | +541.5% |
| Profit (loss) for the period to be appropriated | 9905 | €35,744 | €229,296 | +€193,552 | +541.5% |
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 12 October 2026 via checked.be.