D & D TEGELS: 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 TEGELS
Largest movements
- Receivables within one year +€103,804
up €103,804 (+10.0%), from €1.0m to €1.1m
of which Trade receivables: +€114,584
- Cash +€68,239
up €68,239 (+25.4%), from €268,719 to €336,959
mainly Net result for the year (+€159,638) and Depreciation (+€24,287)
- Stocks and contracts +€29,280
up €29,280 (+64.8%), from €45,198 to €74,477
- Tangible fixed assets -€24,287
down €24,287 (-64.6%), from €37,571 to €13,284
of which Furniture and vehicles: -€19,002
- Reserves +€159,500
up €159,500 (+15.6%), from €1.0m to €1.2m
of which Distributable reserves: +€159,500
- Gross operating margin +€85,521
up €85,521 (+41.3%), from €207,208 to €292,729
- Taxes +€25,070
up €25,070 (+56.8%), from €44,164 to €69,234
- Staff costs +€6,585
up €6,585 (+22.0%), from €29,931 to €36,516
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 | €1,397,774 | €1,568,667 | +€170,893 | +12.2% |
| Fixed assets | 21/28 | €37,769 | €13,482 | -€24,287 | -64.3% |
| Tangible fixed assets | 22/27 | €37,571 | €13,284 | -€24,287 | -64.6% |
| Plant, machinery and equipment | 23 | €6,410 | €1,125 | -€5,285 | -82.5% |
| Furniture and vehicles | 24 | €31,161 | €12,160 | -€19,002 | -61.0% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €1,360,005 | €1,555,185 | +€195,180 | +14.4% |
| Stocks and contracts in progress | 3 | €45,198 | €74,477 | +€29,280 | +64.8% |
| Stocks | 30/36 | €45,198 | €74,477 | +€29,280 | +64.8% |
| Amounts receivable within one year | 40/41 | €1,039,234 | €1,143,038 | +€103,804 | +10.0% |
| Trade receivables | 40 | €116,930 | €231,513 | +€114,584 | +98.0% |
| Other amounts receivable | 41 | €922,304 | €911,525 | -€10,779 | -1.2% |
| Cash at bank and in hand | 54/58 | €268,719 | €336,959 | +€68,239 | +25.4% |
| Deferred charges and accrued income | 490/1 | €6,854 | €711 | -€6,143 | -89.6% |
| Total equity and liabilities | 10/49 | €1,397,774 | €1,568,667 | +€170,893 | +12.2% |
| Equity | 10/15 | €1,319,958 | €1,479,596 | +€159,638 | +12.1% |
| Contributions | 10/11 | €288,592 | €288,592 | = | 0.0% |
| Reserves | 13 | €1,021,552 | €1,181,052 | +€159,500 | +15.6% |
| Tax-exempt reserves | 132 | €169,158 | €169,158 | = | 0.0% |
| Distributable reserves | 133 | €852,394 | €1,011,894 | +€159,500 | +18.7% |
| Profit (loss) carried forward | 14 | €9,814 | €9,952 | +€138 | +1.4% |
| Amounts payable | 17/49 | €77,816 | €89,072 | +€11,255 | +14.5% |
| Amounts payable within one year | 42/48 | €77,816 | €89,072 | +€11,255 | +14.5% |
| Trade debts | 44 | €21,444 | €9,223 | -€12,221 | -57.0% |
| Suppliers | 440/4 | €21,444 | €9,223 | -€12,221 | -57.0% |
| Taxes, remuneration and social security | 45 | €56,372 | €71,727 | +€15,355 | +27.2% |
| Taxes | 450/3 | €35,536 | €58,541 | +€23,005 | +64.7% |
| Remuneration and social security | 454/9 | €20,836 | €13,186 | -€7,650 | -36.7% |
| Other amounts payable | 47/48 | - | €8,122 | +€8,122 | |
| Remuneration, social security and pensions | 62 | €29,931 | €36,516 | +€6,585 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,525 | €24,287 | -€238 | -1.0% |
| Other operating charges | 640/8 | €2,994 | €2,853 | -€141 | -4.7% |
| Gross operating margin | 9900 | €207,208 | €292,729 | +€85,521 | +41.3% |
| Operating profit (loss) | 9901 | €149,759 | €229,074 | +€79,314 | +53.0% |
| Financial income | 75/76B | €1,750 | €148 | -€1,603 | -91.6% |
| Recurring financial income | 75 | €1,750 | €148 | -€1,603 | -91.6% |
| Financial charges | 65/66B | €325 | €350 | +€24 | +7.5% |
| Recurring financial charges | 65 | €325 | €350 | +€24 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €151,184 | €228,872 | +€77,687 | +51.4% |
| Income taxes | 67/77 | €44,164 | €69,234 | +€25,070 | +56.8% |
| Profit (loss) for the period | 9904 | €107,021 | €159,638 | +€52,617 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,021 | €159,638 | +€52,617 | +49.2% |
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 17 October 2026 via checked.be.