D INVEST: what changed
What changed
D INVEST
NACE 47.640, Retail sale of games and toys
filed annual accounts (NBB)
Net result for the year
€294,732
2024 · €323,444-€28,712
Equity
€1.8m
2024 · €1.5m+€262,952
Cash
€77,974
2024 · €183,382-€105,408
Balance sheet total
€7.5m
2024 · €7.7m-€180,537
Largest movements
Assets
- Stocks and contracts -€542,221
down €542,221 (-14.9%), from €3.6m to €3.1m
- Tangible fixed assets +€325,701
up €325,701 (+8.9%), from €3.7m to €4.0m
of which Land and buildings: +€351,606
- Receivables within one year +€138,778
up €138,778 (+59.4%), from €233,709 to €372,487
of which Trade receivables: +€109,410
- Cash -€105,408
down €105,408 (-57.5%), from €183,382 to €77,974
mainly Short-term financial debts (-€876,322) and Investment in fixed assets (net) (-€621,110)
Equity and liabilities
- Short-term financial debts -€876,322
down €876,322 (-32.5%), from €2.7m to €1.8m
- Reserves +€593,498
up €593,498 (+54.7%), from €1.1m to €1.7m
of which Distributable reserves: +€600,600
- Debts after one year +€365,199
up €365,199 (+15.8%), from €2.3m to €2.7m
- Profit (loss) carried forward -€330,546
no longer reported in 2025 (was €330,546)
- Current portion of long-term debt +€79,241
up €79,241 (+27.9%), from €283,972 to €363,213
Income statement
- Gross operating margin +€98,004
up €98,004 (+11.0%), from €889,918 to €987,922
- Depreciation +€78,745
up €78,745 (+36.2%), from €217,413 to €296,158
- Taxes +€29,415
up €29,415 (+25.2%), from €116,555 to €145,970
- Financial charges +€14,125
up €14,125 (+6.9%), from €204,918 to €219,043
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€323,444
Gross operating margin
+€98,004
Depreciation
-€78,745
Other operating charges
-€4,252
Financial income
-€178
Financial charges
-€14,125
Taxes
-€29,415
Result 2025
€294,732
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€979,364
Investment
-€621,110
Financing
-€463,662
Cash 2024
€183,382
From operations (derived)
+€979,364
Net result for the year
+€294,732
Depreciation
+€296,158
Stocks and contracts
+€542,221
Receivables within one year
-€138,778
Deferred charges and accrued income
-€3,364
Provisions
-€5,967
Trade debts
+€1
Tax, wage and social debts
+€32,167
Other debts
-€74,359
Accrued charges and deferred income
+€36,552
Investment (derived)
-€621,110
Investment in fixed assets (net)
-€621,110
Financing
-€463,662
Debts after one year
+€365,199
Current portion of long-term debt
+€79,241
Short-term financial debts
-€876,322
Contributions, distributions and other
-€31,780
Cash 2025
€77,974
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,729,111 | €7,548,574 | -€180,537 | -2.3% |
| Fixed assets | 21/28 | €3,663,436 | €3,988,388 | +€324,951 | +8.9% |
| Tangible fixed assets | 22/27 | €3,652,686 | €3,978,388 | +€325,701 | +8.9% |
| Land and buildings | 22 | €3,581,492 | €3,933,098 | +€351,606 | +9.8% |
| Furniture and vehicles | 24 | €70,933 | €45,136 | -€25,797 | -36.4% |
| Other tangible fixed assets | 26 | €262 | €154 | -€108 | -41.1% |
| Financial fixed assets | 28 | €10,750 | €10,000 | -€750 | -7.0% |
| Current assets | 29/58 | €4,065,674 | €3,560,186 | -€505,488 | -12.4% |
| Stocks and contracts in progress | 3 | €3,633,454 | €3,091,232 | -€542,221 | -14.9% |
| Stocks | 30/36 | €3,633,454 | €3,091,232 | -€542,221 | -14.9% |
| Amounts receivable within one year | 40/41 | €233,709 | €372,487 | +€138,778 | +59.4% |
| Trade receivables | 40 | €131,340 | €240,750 | +€109,410 | +83.3% |
| Other amounts receivable | 41 | €102,369 | €131,737 | +€29,368 | +28.7% |
| Cash at bank and in hand | 54/58 | €183,382 | €77,974 | -€105,408 | -57.5% |
| Deferred charges and accrued income | 490/1 | €15,129 | €18,493 | +€3,364 | +22.2% |
| Total equity and liabilities | 10/49 | €7,729,111 | €7,548,574 | -€180,537 | -2.3% |
| Equity | 10/15 | €1,540,188 | €1,803,140 | +€262,952 | +17.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,084,642 | €1,678,140 | +€593,498 | +54.7% |
| Non-distributable reserves | 130/1 | €12,500 | €12,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,500 | €12,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €204,947 | €197,846 | -€7,102 | -3.5% |
| Distributable reserves | 133 | €867,195 | €1,467,795 | +€600,600 | +69.3% |
| Profit (loss) carried forward | 14 | €330,546 | - | -€330,546 | |
| Provisions and deferred taxes | 16 | €129,982 | €124,015 | -€5,967 | -4.6% |
| Provisions for liabilities and charges | 160/5 | €70,800 | €67,200 | -€3,600 | -5.1% |
| Other liabilities and charges | 164/5 | €70,800 | €67,200 | -€3,600 | -5.1% |
| Deferred taxes | 168 | €59,182 | €56,815 | -€2,367 | -4.0% |
| Amounts payable | 17/49 | €6,058,940 | €5,621,419 | -€437,521 | -7.2% |
| Amounts payable after more than one year | 17 | €2,306,634 | €2,671,833 | +€365,199 | +15.8% |
| Financial debts | 170/4 | €2,306,634 | €2,671,833 | +€365,199 | +15.8% |
| Amounts payable within one year | 42/48 | €3,750,556 | €2,911,284 | -€839,272 | -22.4% |
| Current portion of amounts payable after more than one year | 42 | €283,972 | €363,213 | +€79,241 | +27.9% |
| Financial debts | 43 | €2,695,850 | €1,819,528 | -€876,322 | -32.5% |
| Credit institutions | 430/8 | €2,695,850 | €1,819,528 | -€876,322 | -32.5% |
| Trade debts | 44 | €6,151 | €6,151 | +€1 | 0.0% |
| Suppliers | 440/4 | €6,151 | €6,151 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €46,873 | €79,040 | +€32,167 | +68.6% |
| Taxes | 450/3 | €46,873 | €79,040 | +€32,167 | +68.6% |
| Other amounts payable | 47/48 | €717,710 | €643,351 | -€74,359 | -10.4% |
| Accrued charges and deferred income | 492/3 | €1,750 | €38,302 | +€36,552 | +2,089% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,413 | €296,158 | +€78,745 | +36.2% |
| Other operating charges | 640/8 | €37,895 | €42,147 | +€4,252 | +11.2% |
| Gross operating margin | 9900 | €889,918 | €987,922 | +€98,004 | +11.0% |
| Operating profit (loss) | 9901 | €634,610 | €649,617 | +€15,007 | +2.4% |
| Financial income | 75/76B | €7,939 | €7,761 | -€178 | -2.2% |
| Recurring financial income | 75 | €7,939 | €7,761 | -€178 | -2.2% |
| Financial charges | 65/66B | €204,918 | €219,043 | +€14,125 | +6.9% |
| Recurring financial charges | 65 | €204,918 | €219,043 | +€14,125 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €437,632 | €438,335 | +€703 | +0.2% |
| Transfer from deferred taxes | 780 | €2,367 | €2,367 | = | 0.0% |
| Income taxes | 67/77 | €116,555 | €145,970 | +€29,415 | +25.2% |
| Profit (loss) for the period | 9904 | €323,444 | €294,732 | -€28,712 | -8.9% |
| Transfer from tax-exempt reserves | 789 | €7,102 | €7,102 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €330,546 | €301,834 | -€28,712 | -8.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.