D&L CONCEPT: 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&L CONCEPT
Largest movements
- Receivables within one year +€22,692
up €22,692 (+1432.8%), from €1,584 to €24,276
of which Trade receivables: +€21,124
- Cash -€16,374
down €16,374 (-90.2%), from €18,153 to €1,779
mainly Receivables within one year (-€22,692) and Net result for the year (-€4,451)
- Stocks and contracts +€3,650
new in 2025: €3,650
- Tangible fixed assets -€1,480
down €1,480 (-70.5%), from €2,098 to €618
of which Furniture and vehicles: -€1,372
- Trade debts +€9,472
up €9,472 (+3836.3%), from €247 to €9,719
- Profit (loss) carried forward -€3,820
no longer reported in 2025 (was €3,820)
- Tax, wage and social debts +€2,319
up €2,319 (+54.9%), from €4,224 to €6,543
of which Remuneration and social security: +€4,000
- Other debts +€1,148
up €1,148 (+1310.5%), from €88 to €1,236
- Reserves -€631
down €631 (-8.9%), from €7,067 to €6,435
- Gross operating margin -€5,909
down €5,909 (-45.0%), from €13,123 to €7,214
- Staff costs +€2,372
up €2,372 (+126.4%), from €1,876 to €4,248
- Depreciation -€1,998
down €1,998 (-57.5%), from €3,478 to €1,480
- Other operating charges +€1,961
up €1,961 (+152.5%), from €1,286 to €3,246
- Taxes -€1,730
down €1,730 (-83.9%), from €2,061 to €331
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 | €21,835 | €30,323 | +€8,488 | +38.9% |
| Fixed assets | 21/28 | €2,098 | €618 | -€1,480 | -70.5% |
| Tangible fixed assets | 22/27 | €2,098 | €618 | -€1,480 | -70.5% |
| Plant, machinery and equipment | 23 | €195 | €87 | -€108 | -55.1% |
| Furniture and vehicles | 24 | €1,903 | €531 | -€1,372 | -72.1% |
| Current assets | 29/58 | €19,737 | €29,705 | +€9,968 | +50.5% |
| Stocks and contracts in progress | 3 | - | €3,650 | +€3,650 | |
| Contracts in progress | 37 | - | €3,650 | +€3,650 | |
| Amounts receivable within one year | 40/41 | €1,584 | €24,276 | +€22,692 | +1432.8% |
| Trade receivables | 40 | €1,584 | €22,708 | +€21,124 | +1333.8% |
| Other amounts receivable | 41 | - | €1,568 | +€1,568 | |
| Cash at bank and in hand | 54/58 | €18,153 | €1,779 | -€16,374 | -90.2% |
| Total equity and liabilities | 10/49 | €21,835 | €30,323 | +€8,488 | +38.9% |
| Equity | 10/15 | €17,277 | €12,825 | -€4,451 | -25.8% |
| Contributions | 10/11 | €6,390 | €6,390 | = | 0.0% |
| Reserves | 13 | €7,067 | €6,435 | -€631 | -8.9% |
| Distributable reserves | 133 | €7,067 | €6,435 | -€631 | -8.9% |
| Profit (loss) carried forward | 14 | €3,820 | - | -€3,820 | |
| Amounts payable | 17/49 | €4,558 | €17,498 | +€12,940 | +283.9% |
| Amounts payable within one year | 42/48 | €4,558 | €17,498 | +€12,940 | +283.9% |
| Trade debts | 44 | €247 | €9,719 | +€9,472 | +3836.3% |
| Suppliers | 440/4 | €247 | €9,719 | +€9,472 | +3836.3% |
| Taxes, remuneration and social security | 45 | €4,224 | €6,543 | +€2,319 | +54.9% |
| Taxes | 450/3 | €4,224 | €2,543 | -€1,681 | -39.8% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €88 | €1,236 | +€1,148 | +1310.5% |
| Remuneration, social security and pensions | 62 | €1,876 | €4,248 | +€2,372 | +126.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,478 | €1,480 | -€1,998 | -57.5% |
| Other operating charges | 640/8 | €1,286 | €3,246 | +€1,961 | +152.5% |
| Gross operating margin | 9900 | €13,123 | €7,214 | -€5,909 | -45.0% |
| Operating profit (loss) | 9901 | €6,483 | -€1,760 | -€8,243 | |
| Financial income | 75/76B | - | €94 | +€94 | |
| Recurring financial income | 75 | - | €94 | +€94 | |
| Financial charges | 65/66B | €956 | €2,455 | +€1,499 | +156.8% |
| Recurring financial charges | 65 | €956 | €2,455 | +€1,499 | +156.8% |
| Profit (loss) for the period before taxes | 9903 | €5,527 | -€4,120 | -€9,648 | |
| Income taxes | 67/77 | €2,061 | €331 | -€1,730 | -83.9% |
| Profit (loss) for the period | 9904 | €3,466 | -€4,451 | -€7,917 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,466 | -€4,451 | -€7,917 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.