D & L Holding: 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 Holding
Largest movements
- Financial fixed assets -€91,843
down €91,843 (-1.7%), from €5.6m to €5.5m
- Receivables within one year +€67,543
up €67,543 (+94.5%), from €71,436 to €138,979
of which Other amounts receivable: +€67,543
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€19,542
down €19,542 (-267%), from -€7,318 to -€26,860
- Taxes -€7,325
down €7,325 (-44.5%), from €16,455 to €9,131
- Financial charges +€6,012
up €6,012 (+22.4%), from €26,871 to €32,883
- Financial income +€1,552
up €1,552 (+1.8%), from €87,827 to €89,378
- Depreciation -€314
down €314 (-100%), from €314 to €0
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.
Derived cash bridge
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 | €5,817,026 | €5,833,961 | +€16,935 | +0.3% |
| Fixed assets | 21/28 | €5,553,512 | €5,461,669 | -€91,843 | -1.7% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €5,553,512 | €5,461,669 | -€91,843 | -1.7% |
| Current assets | 29/58 | €263,514 | €372,292 | +€108,778 | +41.3% |
| Amounts receivable within one year | 40/41 | €71,436 | €138,979 | +€67,543 | +94.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €71,436 | €138,979 | +€67,543 | +94.5% |
| Current investments | 50/53 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Cash at bank and in hand | 54/58 | €70,477 | €78,767 | +€8,290 | +11.8% |
| Deferred charges and accrued income | 490/1 | €21,600 | €4,546 | -€17,055 | -79.0% |
| Total equity and liabilities | 10/49 | €5,817,026 | €5,833,961 | +€16,935 | +0.3% |
| Equity | 10/15 | €5,360,675 | €5,379,881 | +€19,206 | +0.4% |
| Contributions | 10/11 | €4,930,000 | €4,930,000 | = | 0.0% |
| Reserves | 13 | €418,400 | €437,600 | +€19,200 | +4.6% |
| Distributable reserves | 133 | €418,400 | €437,600 | +€19,200 | +4.6% |
| Profit (loss) carried forward | 14 | €12,275 | €12,281 | +€6 | 0.0% |
| Amounts payable | 17/49 | €456,351 | €454,080 | -€2,271 | -0.5% |
| Amounts payable after more than one year | 17 | €424,647 | €412,412 | -€12,235 | -2.9% |
| Other amounts payable | 178/9 | €424,647 | €412,412 | -€12,235 | -2.9% |
| Amounts payable within one year | 42/48 | €4,241 | €8,773 | +€4,532 | +107% |
| Trade debts | 44 | €741 | €41 | -€699 | -94.4% |
| Suppliers | 440/4 | €741 | €41 | -€699 | -94.4% |
| Taxes, remuneration and social security | 45 | €3,500 | €7,764 | +€4,264 | +122% |
| Taxes | 450/3 | €3,500 | €4,420 | +€920 | +26.3% |
| Remuneration and social security | 454/9 | - | €3,344 | +€3,344 | |
| Other amounts payable | 47/48 | - | €968 | +€968 | |
| Accrued charges and deferred income | 492/3 | €27,464 | €32,896 | +€5,432 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €314 | €0 | -€314 | -100% |
| Other operating charges | 640/8 | €1,501 | €1,299 | -€203 | -13.5% |
| Gross operating margin | 9900 | -€7,318 | -€26,860 | -€19,542 | -267% |
| Operating profit (loss) | 9901 | -€9,134 | -€28,159 | -€19,025 | -208% |
| Financial income | 75/76B | €87,827 | €89,378 | +€1,552 | +1.8% |
| Recurring financial income | 75 | €87,827 | €89,378 | +€1,552 | +1.8% |
| Financial charges | 65/66B | €26,871 | €32,883 | +€6,012 | +22.4% |
| Recurring financial charges | 65 | €26,871 | €32,883 | +€6,012 | +22.4% |
| Profit (loss) for the period before taxes | 9903 | €51,822 | €28,336 | -€23,485 | -45.3% |
| Income taxes | 67/77 | €16,455 | €9,131 | -€7,325 | -44.5% |
| Profit (loss) for the period | 9904 | €35,366 | €19,206 | -€16,160 | -45.7% |
| Profit (loss) for the period to be appropriated | 9905 | €35,366 | €19,206 | -€16,160 | -45.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.