D-id: 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-id
Largest movements
- Tangible fixed assets -€93,582
down €93,582 (-9.4%), from €991,352 to €897,770
- Receivables within one year +€64,301
new in 2025: €64,301
- Cash -€57,877
down €57,877 (-97.2%), from €59,537 to €1,660
mainly Contributions, distributions and other (-€240,106) and Debts after one year (-€79,077)
- Short-term financial debts +€340,000
new in 2025: €340,000
- Reserves -€181,495
down €181,495 (-26.6%), from €683,561 to €502,066
of which Distributable reserves: -€181,495
- Debts after one year -€79,077
down €79,077 (-49.2%), from €160,620 to €81,543
- Tax, wage and social debts -€61,384
down €61,384 (-62.7%), from €97,839 to €36,456
- Other debts -€59,154
down €59,154 (-98.3%), from €60,197 to €1,043
- Gross operating margin -€104,761
down €104,761 (-37.8%), from €276,977 to €172,215
- Taxes -€33,357
down €33,357 (-68.6%), from €48,648 to €15,290
- Other operating charges -€4,131
down €4,131 (-63.5%), from €6,505 to €2,374
- Depreciation +€3,694
up €3,694 (+4.8%), from €77,140 to €80,833
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 | €1,199,755 | €1,112,576 | -€87,179 | -7.3% |
| Fixed assets | 21/28 | €1,063,352 | €969,770 | -€93,582 | -8.8% |
| Tangible fixed assets | 22/27 | €991,352 | €897,770 | -€93,582 | -9.4% |
| Land and buildings | 22 | €866,830 | €820,111 | -€46,719 | -5.4% |
| Plant, machinery and equipment | 23 | €3,163 | €2,615 | -€548 | -17.3% |
| Furniture and vehicles | 24 | €121,360 | €75,044 | -€46,316 | -38.2% |
| Financial fixed assets | 28 | €72,000 | €72,000 | = | 0.0% |
| Current assets | 29/58 | €136,403 | €142,806 | +€6,402 | +4.7% |
| Amounts receivable after more than one year | 29 | €73,000 | €73,000 | = | 0.0% |
| Other amounts receivable | 291 | €73,000 | €73,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €64,301 | +€64,301 | |
| Trade receivables | 40 | - | €64,301 | +€64,301 | |
| Cash at bank and in hand | 54/58 | €59,537 | €1,660 | -€57,877 | -97.2% |
| Deferred charges and accrued income | 490/1 | €3,867 | €3,845 | -€22 | -0.6% |
| Total equity and liabilities | 10/49 | €1,199,755 | €1,112,576 | -€87,179 | -7.3% |
| Equity | 10/15 | €760,472 | €577,632 | -€182,840 | -24.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €683,561 | €502,066 | -€181,495 | -26.6% |
| Tax-exempt reserves | 132 | €63,623 | €63,623 | = | 0.0% |
| Distributable reserves | 133 | €619,939 | €438,444 | -€181,495 | -29.3% |
| Investment grants | 15 | €26,911 | €25,565 | -€1,346 | -5.0% |
| Amounts payable | 17/49 | €439,283 | €534,944 | +€95,661 | +21.8% |
| Amounts payable after more than one year | 17 | €160,620 | €81,543 | -€79,077 | -49.2% |
| Financial debts | 170/4 | €160,620 | €81,543 | -€79,077 | -49.2% |
| Amounts payable within one year | 42/48 | €278,663 | €453,401 | +€174,738 | +62.7% |
| Current portion of amounts payable after more than one year | 42 | €110,481 | €61,718 | -€48,764 | -44.1% |
| Financial debts | 43 | - | €340,000 | +€340,000 | |
| Credit institutions | 430/8 | - | €340,000 | +€340,000 | |
| Trade debts | 44 | €10,145 | €14,185 | +€4,039 | +39.8% |
| Suppliers | 440/4 | €10,145 | €14,185 | +€4,039 | +39.8% |
| Taxes, remuneration and social security | 45 | €97,839 | €36,456 | -€61,384 | -62.7% |
| Taxes | 450/3 | €97,839 | €36,456 | -€61,384 | -62.7% |
| Other amounts payable | 47/48 | €60,197 | €1,043 | -€59,154 | -98.3% |
| Non-recurring operating income | 76A | €40,023 | €2,043 | -€37,980 | -94.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,140 | €80,833 | +€3,694 | +4.8% |
| Other operating charges | 640/8 | €6,505 | €2,374 | -€4,131 | -63.5% |
| Gross operating margin | 9900 | €276,977 | €172,215 | -€104,761 | -37.8% |
| Operating profit (loss) | 9901 | €193,332 | €89,008 | -€104,324 | -54.0% |
| Financial income | 75/76B | €4,730 | €3,586 | -€1,144 | -24.2% |
| Recurring financial income | 75 | €4,730 | €3,586 | -€1,144 | -24.2% |
| Financial charges | 65/66B | €22,061 | €20,039 | -€2,022 | -9.2% |
| Recurring financial charges | 65 | €22,061 | €20,039 | -€2,022 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €176,002 | €72,556 | -€103,446 | -58.8% |
| Income taxes | 67/77 | €48,648 | €15,290 | -€33,357 | -68.6% |
| Profit (loss) for the period | 9904 | €127,354 | €57,265 | -€70,089 | -55.0% |
| Transfer to tax-exempt reserves | 689 | €63,150 | - | -€63,150 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,204 | €57,265 | -€6,939 | -10.8% |
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 29 September 2026 via checked.be.