D&D Versmarkt: 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 Versmarkt
Largest movements
- Tangible fixed assets +€488,162
up €488,162 (+31.3%), from €1.6m to €2.0m
of which Land and buildings: +€568,861
- Receivables within one year +€103,357
up €103,357 (+43.7%), from €236,539 to €339,896
of which Trade receivables: +€63,047
- Cash -€35,710
down €35,710 (-14.7%), from €242,283 to €206,573
mainly Investment in fixed assets (net) (-€672,785) and Receivables within one year (-€103,357)
- Debts after one year +€499,269
up €499,269 (+40.1%), from €1.2m to €1.7m
of which Financial debts: +€508,283
- Current portion of long-term debt +€62,582
up €62,582 (+32.5%), from €192,743 to €255,325
- Reserves +€48,454
up €48,454 (+9.2%), from €523,904 to €572,358
- Taxes -€57,411
down €57,411 (-77.5%), from €74,038 to €16,627
- Depreciation +€43,158
up €43,158 (+28.4%), from €151,715 to €194,873
- Gross operating margin -€36,779
down €36,779 (-3.8%), from €978,368 to €941,589
- Financial charges +€25,549
up €25,549 (+43.7%), from €58,451 to €84,000
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 | €2,460,595 | €3,025,748 | +€565,153 | +23.0% |
| Fixed assets | 21/28 | €1,641,255 | €2,119,167 | +€477,912 | +29.1% |
| Intangible fixed assets | 21 | €82,453 | €67,893 | -€14,560 | -17.7% |
| Tangible fixed assets | 22/27 | €1,558,351 | €2,046,514 | +€488,162 | +31.3% |
| Land and buildings | 22 | €900,365 | €1,469,225 | +€568,861 | +63.2% |
| Plant, machinery and equipment | 23 | €539,147 | €440,597 | -€98,550 | -18.3% |
| Furniture and vehicles | 24 | €50,580 | €76,856 | +€26,275 | +51.9% |
| Other tangible fixed assets | 26 | €68,259 | €59,835 | -€8,424 | -12.3% |
| Financial fixed assets | 28 | €450 | €4,760 | +€4,310 | +957.8% |
| Current assets | 29/58 | €819,340 | €906,581 | +€87,241 | +10.6% |
| Stocks and contracts in progress | 3 | €335,775 | €355,690 | +€19,915 | +5.9% |
| Stocks | 30/36 | €335,775 | €355,690 | +€19,915 | +5.9% |
| Amounts receivable within one year | 40/41 | €236,539 | €339,896 | +€103,357 | +43.7% |
| Trade receivables | 40 | €108,336 | €171,383 | +€63,047 | +58.2% |
| Other amounts receivable | 41 | €128,203 | €168,513 | +€40,310 | +31.4% |
| Cash at bank and in hand | 54/58 | €242,283 | €206,573 | -€35,710 | -14.7% |
| Deferred charges and accrued income | 490/1 | €4,743 | €4,423 | -€320 | -6.8% |
| Total equity and liabilities | 10/49 | €2,460,595 | €3,025,748 | +€565,153 | +23.0% |
| Equity | 10/15 | €673,904 | €722,358 | +€48,454 | +7.2% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €523,904 | €572,358 | +€48,454 | +9.2% |
| Distributable reserves | 133 | €523,904 | €572,358 | +€48,454 | +9.2% |
| Amounts payable | 17/49 | €1,786,691 | €2,303,390 | +€516,699 | +28.9% |
| Amounts payable after more than one year | 17 | €1,244,267 | €1,743,536 | +€499,269 | +40.1% |
| Financial debts | 170/4 | €909,403 | €1,417,686 | +€508,283 | +55.9% |
| Trade debts | 175 | €334,864 | €325,850 | -€9,014 | -2.7% |
| Amounts payable within one year | 42/48 | €542,424 | €559,854 | +€17,430 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €192,743 | €255,325 | +€62,582 | +32.5% |
| Financial debts | 43 | €3,431 | €0 | -€3,431 | -100.0% |
| Credit institutions | 430/8 | €3,431 | €0 | -€3,431 | -100.0% |
| Trade debts | 44 | €141,561 | €151,902 | +€10,341 | +7.3% |
| Suppliers | 440/4 | €141,561 | €151,902 | +€10,341 | +7.3% |
| Advances received on contracts in progress | 46 | - | €5,895 | +€5,895 | |
| Taxes, remuneration and social security | 45 | €106,569 | €78,023 | -€28,547 | -26.8% |
| Taxes | 450/3 | €56,484 | €28,883 | -€27,601 | -48.9% |
| Remuneration and social security | 454/9 | €50,086 | €49,140 | -€946 | -1.9% |
| Other amounts payable | 47/48 | €98,120 | €68,709 | -€29,410 | -30.0% |
| Remuneration, social security and pensions | 62 | €539,188 | €530,508 | -€8,680 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,715 | €194,873 | +€43,158 | +28.4% |
| Other operating charges | 640/8 | €5,166 | €6,057 | +€891 | +17.2% |
| Non-recurring operating charges | 66A | - | €67,365 | +€67,365 | |
| Gross operating margin | 9900 | €978,368 | €941,589 | -€36,779 | -3.8% |
| Operating profit (loss) | 9901 | €282,299 | €142,787 | -€139,512 | -49.4% |
| Financial income | 75/76B | €6,991 | €6,294 | -€697 | -10.0% |
| Recurring financial income | 75 | €6,991 | €6,294 | -€697 | -10.0% |
| Financial charges | 65/66B | €58,451 | €84,000 | +€25,549 | +43.7% |
| Recurring financial charges | 65 | €58,451 | €84,000 | +€25,549 | +43.7% |
| Profit (loss) for the period before taxes | 9903 | €230,839 | €65,081 | -€165,757 | -71.8% |
| Income taxes | 67/77 | €74,038 | €16,627 | -€57,411 | -77.5% |
| Profit (loss) for the period | 9904 | €156,801 | €48,454 | -€108,347 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | €156,801 | €48,454 | -€108,347 | -69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.