D.D.L.M.: 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.L.M.
Largest movements
- Receivables within one year -€47,133
down €47,133 (-55.0%), from €85,665 to €38,531
of which Trade receivables: -€44,900
- Cash +€19,237
up €19,237 (+13.1%), from €147,394 to €166,630
mainly Receivables within one year (+€47,133) and Other debts (+€43,411)
- Tangible fixed assets +€17,311
up €17,311 (+31.6%), from €54,716 to €72,026
of which Furniture and vehicles: +€19,857
- Other debts +€43,411
up €43,411 (+44.5%), from €97,528 to €140,940
- Advances received -€39,785
down €39,785 (-89.2%), from €44,594 to €4,809
- Profit (loss) carried forward +€10,512
up €10,512 (+13.1%), from €80,174 to €90,686
- Tax, wage and social debts -€8,886
down €8,886 (-48.2%), from €18,435 to €9,548
of which Taxes: -€8,053
- Debts after one year -€5,146
no longer reported in 2025 (was €5,146)
- Gross operating margin -€40,055
down €40,055 (-52.6%), from €76,165 to €36,110
- Depreciation -€17,220
down €17,220 (-50.4%), from €34,145 to €16,925
- Taxes -€5,495
down €5,495 (-53.2%), from €10,321 to €4,826
- Staff costs -€1,042
down €1,042 (-41.7%), from €2,499 to €1,457
- Other operating charges +€842
up €842 (+131%), from €642 to €1,483
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 | €291,203 | €281,157 | -€10,047 | -3.5% |
| Fixed assets | 21/28 | €54,976 | €72,286 | +€17,311 | +31.5% |
| Tangible fixed assets | 22/27 | €54,716 | €72,026 | +€17,311 | +31.6% |
| Plant, machinery and equipment | 23 | €9,990 | €7,443 | -€2,546 | -25.5% |
| Furniture and vehicles | 24 | €44,726 | €64,583 | +€19,857 | +44.4% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €236,228 | €208,870 | -€27,358 | -11.6% |
| Amounts receivable within one year | 40/41 | €85,665 | €38,531 | -€47,133 | -55.0% |
| Trade receivables | 40 | €82,098 | €37,198 | -€44,900 | -54.7% |
| Other amounts receivable | 41 | €3,567 | €1,333 | -€2,234 | -62.6% |
| Cash at bank and in hand | 54/58 | €147,394 | €166,630 | +€19,237 | +13.1% |
| Deferred charges and accrued income | 490/1 | €3,170 | €3,709 | +€539 | +17.0% |
| Total equity and liabilities | 10/49 | €291,203 | €281,157 | -€10,047 | -3.5% |
| Equity | 10/15 | €108,434 | €118,946 | +€10,512 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,860 | €15,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,174 | €90,686 | +€10,512 | +13.1% |
| Amounts payable | 17/49 | €182,769 | €162,211 | -€20,558 | -11.2% |
| Amounts payable after more than one year | 17 | €5,146 | - | -€5,146 | |
| Financial debts | 170/4 | €5,146 | - | -€5,146 | |
| Amounts payable within one year | 42/48 | €177,623 | €162,211 | -€15,412 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €10,193 | €5,146 | -€5,047 | -49.5% |
| Trade debts | 44 | €6,873 | €1,768 | -€5,105 | -74.3% |
| Suppliers | 440/4 | €6,873 | €1,768 | -€5,105 | -74.3% |
| Advances received on contracts in progress | 46 | €44,594 | €4,809 | -€39,785 | -89.2% |
| Taxes, remuneration and social security | 45 | €18,435 | €9,548 | -€8,886 | -48.2% |
| Taxes | 450/3 | €15,891 | €7,839 | -€8,053 | -50.7% |
| Remuneration and social security | 454/9 | €2,543 | €1,710 | -€833 | -32.8% |
| Other amounts payable | 47/48 | €97,528 | €140,940 | +€43,411 | +44.5% |
| Remuneration, social security and pensions | 62 | €2,499 | €1,457 | -€1,042 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,145 | €16,925 | -€17,220 | -50.4% |
| Other operating charges | 640/8 | €642 | €1,483 | +€842 | +131% |
| Non-recurring operating charges | 66A | - | €123 | +€123 | |
| Gross operating margin | 9900 | €76,165 | €36,110 | -€40,055 | -52.6% |
| Operating profit (loss) | 9901 | €38,879 | €16,122 | -€22,757 | -58.5% |
| Financial income | 75/76B | €32 | €41 | +€10 | +30.6% |
| Recurring financial income | 75 | €32 | €41 | +€10 | +30.6% |
| Financial charges | 65/66B | €804 | €826 | +€21 | +2.7% |
| Recurring financial charges | 65 | €804 | €826 | +€21 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €38,106 | €15,338 | -€22,769 | -59.8% |
| Income taxes | 67/77 | €10,321 | €4,826 | -€5,495 | -53.2% |
| Profit (loss) for the period | 9904 | €27,786 | €10,512 | -€17,274 | -62.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,786 | €10,512 | -€17,274 | -62.2% |
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 18 October 2026 via checked.be.