D & D VALUE: what changed
Two fiscal 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 VALUE
Largest movements
- Current investments +€24,823
up €24,823 (+21.5%), from €115,702 to €140,525
- Cash +€12,656
up €12,656 (+4.5%), from €279,788 to €292,443
mainly Net result for the year (+€42,422) and Other debts (+€1,844)
- Receivables within one year +€7,970
up €7,970 (+269.8%), from €2,954 to €10,925
of which Trade receivables: +€7,970
- Reserves +€42,422
up €42,422 (+13.3%), from €319,953 to €362,376
of which Distributable reserves: +€42,422
- Depreciation -€7,759
down €7,759 (-86.0%), from €9,022 to €1,263
- Taxes +€2,601
up €2,601 (+14.3%), from €18,251 to €20,852
- Gross operating margin +€1,842
up €1,842 (+3.0%), from €61,392 to €63,233
- Financial income +€1,207
up €1,207 (+79.2%), from €1,523 to €2,730
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €400,678 | €445,697 | +€45,019 | +11.2% |
| Fixed assets | 21/28 | €1,676 | €413 | -€1,263 | -75.4% |
| Tangible fixed assets | 22/27 | €1,426 | €163 | -€1,263 | -88.6% |
| Furniture and vehicles | 24 | €1,426 | €163 | -€1,263 | -88.6% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €399,003 | €445,284 | +€46,282 | +11.6% |
| Amounts receivable within one year | 40/41 | €2,954 | €10,925 | +€7,970 | +269.8% |
| Trade receivables | 40 | €1,586 | €9,557 | +€7,970 | +502.5% |
| Other amounts receivable | 41 | €1,368 | €1,368 | = | 0.0% |
| Current investments | 50/53 | €115,702 | €140,525 | +€24,823 | +21.5% |
| Cash at bank and in hand | 54/58 | €279,788 | €292,443 | +€12,656 | +4.5% |
| Deferred charges and accrued income | 490/1 | €559 | €1,392 | +€833 | +148.9% |
| Total equity and liabilities | 10/49 | €400,678 | €445,697 | +€45,019 | +11.2% |
| Equity | 10/15 | €381,953 | €424,376 | +€42,422 | +11.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €319,953 | €362,376 | +€42,422 | +13.3% |
| Non-distributable reserves | 130/1 | €8,988 | €8,988 | = | 0.0% |
| Legal reserve | 130 | €8,988 | €8,988 | = | 0.0% |
| Tax-exempt reserves | 132 | €308 | €308 | = | 0.0% |
| Distributable reserves | 133 | €310,658 | €353,080 | +€42,422 | +13.7% |
| Amounts payable | 17/49 | €18,725 | €21,321 | +€2,596 | +13.9% |
| Amounts payable within one year | 42/48 | €18,563 | €21,098 | +€2,535 | +13.7% |
| Trade debts | 44 | €77 | €249 | +€172 | +224.2% |
| Suppliers | 440/4 | €77 | €249 | +€172 | +224.2% |
| Taxes, remuneration and social security | 45 | €4,776 | €5,295 | +€520 | +10.9% |
| Taxes | 450/3 | €4,776 | €5,295 | +€520 | +10.9% |
| Other amounts payable | 47/48 | €13,711 | €15,554 | +€1,844 | +13.4% |
| Accrued charges and deferred income | 492/3 | €162 | €223 | +€61 | +37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,022 | €1,263 | -€7,759 | -86.0% |
| Other operating charges | 640/8 | €1,211 | €1,199 | -€11 | -0.9% |
| Non-recurring operating charges | 66A | €50 | - | -€50 | |
| Gross operating margin | 9900 | €61,392 | €63,233 | +€1,842 | +3.0% |
| Operating profit (loss) | 9901 | €51,109 | €60,771 | +€9,662 | +18.9% |
| Financial income | 75/76B | €1,523 | €2,730 | +€1,207 | +79.2% |
| Recurring financial income | 75 | €1,523 | €2,730 | +€1,207 | +79.2% |
| Financial charges | 65/66B | €175 | €226 | +€51 | +29.2% |
| Recurring financial charges | 65 | €175 | €226 | +€51 | +29.2% |
| Profit (loss) for the period before taxes | 9903 | €52,457 | €63,274 | +€10,817 | +20.6% |
| Income taxes | 67/77 | €18,251 | €20,852 | +€2,601 | +14.3% |
| Profit (loss) for the period | 9904 | €34,207 | €42,422 | +€8,216 | +24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,207 | €42,422 | +€8,216 | +24.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.