D & D INVEST: 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 INVEST
Largest movements
- Cash -€48,363
down €48,363 (-99.6%), from €48,573 to €211
mainly Debts after one year (-€75,965) and Short-term financial debts (-€58,250)
- Tangible fixed assets -€26,559
down €26,559 (-3.2%), from €833,318 to €806,759
of which Land and buildings: -€19,500
- Receivables within one year +€20,807
up €20,807 (+1,366%), from €1,524 to €22,330
of which Trade receivables: +€15,598
- Debts after one year -€75,965
down €75,965 (-13.8%), from €549,168 to €473,203
- Short-term financial debts -€58,250
down €58,250 (-100%), from €58,250 to €0
- Reserves +€27,869
up €27,869 (+23.3%), from €119,361 to €147,230
- Other debts +€24,200
up €24,200 (+341%), from €7,101 to €31,301
- Trade debts +€21,808
up €21,808 (+112%), from €19,541 to €41,349
- Other operating charges -€12,955
down €12,955 (-32.8%), from €39,472 to €26,517
- Gross operating margin +€12,832
up €12,832 (+9.2%), from €139,182 to €152,014
- Depreciation +€3,960
up €3,960 (+8.2%), from €48,497 to €52,457
- Taxes +€3,602
up €3,602 (+247%), from €1,458 to €5,060
- Financial charges +€2,669
up €2,669 (+7.2%), from €36,969 to €39,638
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 | €892,368 | €840,305 | -€52,063 | -5.8% |
| Fixed assets | 21/28 | €833,318 | €806,759 | -€26,559 | -3.2% |
| Tangible fixed assets | 22/27 | €833,318 | €806,759 | -€26,559 | -3.2% |
| Land and buildings | 22 | €727,409 | €707,908 | -€19,500 | -2.7% |
| Plant, machinery and equipment | 23 | €105,910 | €98,851 | -€7,059 | -6.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €59,050 | €33,546 | -€25,504 | -43.2% |
| Amounts receivable within one year | 40/41 | €1,524 | €22,330 | +€20,807 | +1,366% |
| Trade receivables | 40 | €476 | €16,073 | +€15,598 | +3,278% |
| Other amounts receivable | 41 | €1,048 | €6,257 | +€5,209 | +497% |
| Cash at bank and in hand | 54/58 | €48,573 | €211 | -€48,363 | -99.6% |
| Deferred charges and accrued income | 490/1 | €8,953 | €11,005 | +€2,052 | +22.9% |
| Total equity and liabilities | 10/49 | €892,368 | €840,305 | -€52,063 | -5.8% |
| Equity | 10/15 | €119,861 | €147,730 | +€27,869 | +23.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €119,361 | €147,230 | +€27,869 | +23.3% |
| Distributable reserves | 133 | €119,361 | €147,230 | +€27,869 | +23.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €772,507 | €692,575 | -€79,932 | -10.3% |
| Amounts payable after more than one year | 17 | €549,168 | €473,203 | -€75,965 | -13.8% |
| Financial debts | 170/4 | €549,168 | €473,203 | -€75,965 | -13.8% |
| Amounts payable within one year | 42/48 | €154,397 | €148,615 | -€5,782 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €68,048 | €75,965 | +€7,918 | +11.6% |
| Financial debts | 43 | €58,250 | €0 | -€58,250 | -100% |
| Credit institutions | 430/8 | €58,250 | €0 | -€58,250 | -100% |
| Trade debts | 44 | €19,541 | €41,349 | +€21,808 | +112% |
| Suppliers | 440/4 | €19,541 | €41,349 | +€21,808 | +112% |
| Taxes, remuneration and social security | 45 | €1,458 | €0 | -€1,458 | -100% |
| Taxes | 450/3 | €1,458 | €0 | -€1,458 | -100% |
| Other amounts payable | 47/48 | €7,101 | €31,301 | +€24,200 | +341% |
| Accrued charges and deferred income | 492/3 | €68,942 | €70,757 | +€1,815 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,497 | €52,457 | +€3,960 | +8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €472 | +€472 | |
| Other operating charges | 640/8 | €39,472 | €26,517 | -€12,955 | -32.8% |
| Gross operating margin | 9900 | €139,182 | €152,014 | +€12,832 | +9.2% |
| Operating profit (loss) | 9901 | €51,212 | €72,567 | +€21,355 | +41.7% |
| Financial income | 75/76B | €6 | €0 | -€6 | -100% |
| Recurring financial income | 75 | €6 | €0 | -€6 | -100% |
| Financial charges | 65/66B | €36,969 | €39,638 | +€2,669 | +7.2% |
| Recurring financial charges | 65 | €36,969 | €39,638 | +€2,669 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €14,249 | €32,929 | +€18,680 | +131% |
| Income taxes | 67/77 | €1,458 | €5,060 | +€3,602 | +247% |
| Profit (loss) for the period | 9904 | €12,792 | €27,869 | +€15,078 | +118% |
| Profit (loss) for the period to be appropriated | 9905 | €12,792 | €27,869 | +€15,078 | +118% |
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 31 October 2026 via checked.be.