D&E 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&E INVEST
Largest movements
- Tangible fixed assets +€356,270
up €356,270 (+85.0%), from €419,340 to €775,611
of which Land and buildings: +€359,986
- Debts after one year +€270,453
up €270,453 (+86.3%), from €313,470 to €583,923
- Profit (loss) carried forward +€39,592
up €39,592 (+87.0%), from €45,531 to €85,123
- Trade debts +€33,141
up €33,141 (+18144.6%), from €183 to €33,324
- Current portion of long-term debt +€18,381
up €18,381 (+77.7%), from €23,660 to €42,041
- Gross operating margin +€51,386
up €51,386 (+53.0%), from €96,926 to €148,311
- Other operating charges +€41,249
up €41,249 (+2721.7%), from €1,516 to €42,765
- Financial charges +€9,031
up €9,031 (+103.7%), from €8,706 to €17,737
- Taxes +€5,244
up €5,244 (+68.3%), from €7,673 to €12,917
- Financial income +€2,235
new in 2024: €2,235
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 | €468,755 | €829,997 | +€361,242 | +77.1% |
| Fixed assets | 21/28 | €419,340 | €775,611 | +€356,270 | +85.0% |
| Tangible fixed assets | 22/27 | €419,340 | €775,611 | +€356,270 | +85.0% |
| Land and buildings | 22 | €391,081 | €751,067 | +€359,986 | +92.0% |
| Plant, machinery and equipment | 23 | €3,576 | €2,983 | -€592 | -16.6% |
| Furniture and vehicles | 24 | €24,683 | €21,561 | -€3,123 | -12.7% |
| Current assets | 29/58 | €49,415 | €54,387 | +€4,972 | +10.1% |
| Amounts receivable within one year | 40/41 | €45,194 | €49,599 | +€4,405 | +9.7% |
| Other amounts receivable | 41 | €45,194 | €49,599 | +€4,405 | +9.7% |
| Cash at bank and in hand | 54/58 | €4,136 | €4,787 | +€651 | +15.7% |
| Deferred charges and accrued income | 490/1 | €85 | - | -€85 | |
| Total equity and liabilities | 10/49 | €468,755 | €829,997 | +€361,242 | +77.1% |
| Equity | 10/15 | €65,991 | €105,583 | +€39,592 | +60.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €45,531 | €85,123 | +€39,592 | +87.0% |
| Amounts payable | 17/49 | €402,764 | €724,414 | +€321,650 | +79.9% |
| Amounts payable after more than one year | 17 | €313,470 | €583,923 | +€270,453 | +86.3% |
| Financial debts | 170/4 | €313,470 | €583,923 | +€270,453 | +86.3% |
| Amounts payable within one year | 42/48 | €89,294 | €140,491 | +€51,197 | +57.3% |
| Current portion of amounts payable after more than one year | 42 | €23,660 | €42,041 | +€18,381 | +77.7% |
| Trade debts | 44 | €183 | €33,324 | +€33,141 | +18144.6% |
| Suppliers | 440/4 | €183 | €33,324 | +€33,141 | +18144.6% |
| Taxes, remuneration and social security | 45 | €27,013 | €19,309 | -€7,704 | -28.5% |
| Taxes | 450/3 | €27,013 | €19,309 | -€7,704 | -28.5% |
| Other amounts payable | 47/48 | €38,438 | €45,818 | +€7,379 | +19.2% |
| Non-recurring operating income | 76A | - | €9,345 | +€9,345 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,220 | €23,535 | +€315 | +1.4% |
| Other operating charges | 640/8 | €1,516 | €42,765 | +€41,249 | +2721.7% |
| Gross operating margin | 9900 | €96,926 | €148,311 | +€51,386 | +53.0% |
| Operating profit (loss) | 9901 | €72,190 | €82,011 | +€9,821 | +13.6% |
| Financial income | 75/76B | - | €2,235 | +€2,235 | |
| Recurring financial income | 75 | - | €2,235 | +€2,235 | |
| Financial charges | 65/66B | €8,706 | €17,737 | +€9,031 | +103.7% |
| Recurring financial charges | 65 | €8,706 | €17,737 | +€9,031 | +103.7% |
| Profit (loss) for the period before taxes | 9903 | €63,483 | €66,509 | +€3,025 | +4.8% |
| Income taxes | 67/77 | €7,673 | €12,917 | +€5,244 | +68.3% |
| Profit (loss) for the period | 9904 | €55,810 | €53,592 | -€2,218 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €55,810 | €53,592 | -€2,218 | -4.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.