D+L MANAGEMENT: 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 MANAGEMENT
Largest movements
- Receivables within one year -€4,080
down €4,080 (-59.9%), from €6,806 to €2,726
of which Trade receivables: -€5,625
- Other debts -€3,500
down €3,500 (-3.3%), from €104,498 to €100,998
- Gross operating margin +€12,257
up €12,257, from -€1,771 to €10,486
- Turnover +€12,000
new in 2025: €12,000
- Depreciation -€6,979
no longer reported in 2025 (was €6,979)
- Write-downs +€5,625
new in 2025: €5,625
- Other operating charges +€5,367
new in 2025: €5,367
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 | €231,259 | €227,243 | -€4,016 | -1.7% |
| Fixed assets | 21/28 | €224,453 | €224,453 | = | 0.0% |
| Tangible fixed assets | 22/27 | €224,453 | €224,453 | = | 0.0% |
| Land and buildings | 22 | €224,453 | €224,453 | = | 0.0% |
| Current assets | 29/58 | €6,806 | €2,790 | -€4,016 | -59.0% |
| Amounts receivable within one year | 40/41 | €6,806 | €2,726 | -€4,080 | -59.9% |
| Trade receivables | 40 | €6,806 | €1,181 | -€5,625 | -82.6% |
| Other amounts receivable | 41 | - | €1,545 | +€1,545 | |
| Cash at bank and in hand | 54/58 | - | €64 | +€64 | |
| Total equity and liabilities | 10/49 | €231,259 | €227,243 | -€4,016 | -1.7% |
| Equity | 10/15 | €123,079 | €122,563 | -€516 | -0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €209,788 | €209,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,309 | -€105,825 | -€516 | -0.5% |
| Amounts payable | 17/49 | €108,180 | €104,680 | -€3,500 | -3.2% |
| Amounts payable within one year | 42/48 | €108,180 | €104,680 | -€3,500 | -3.2% |
| Trade debts | 44 | €1,771 | €1,771 | = | 0.0% |
| Suppliers | 440/4 | €1,771 | €1,771 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,911 | €1,911 | = | 0.0% |
| Taxes | 450/3 | €1,911 | €1,911 | = | 0.0% |
| Other amounts payable | 47/48 | €104,498 | €100,998 | -€3,500 | -3.3% |
| Turnover | 70 | - | €12,000 | +€12,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,771 | €1,514 | -€257 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,979 | - | -€6,979 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,625 | +€5,625 | |
| Other operating charges | 640/8 | - | €5,367 | +€5,367 | |
| Gross operating margin | 9900 | -€1,771 | €10,486 | +€12,257 | |
| Operating profit (loss) | 9901 | -€8,751 | -€506 | +€8,245 | +94.2% |
| Financial charges | 65/66B | - | €10 | +€10 | |
| Recurring financial charges | 65 | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | -€8,751 | -€516 | +€8,235 | +94.1% |
| Profit (loss) for the period | 9904 | -€8,751 | -€516 | +€8,235 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,751 | -€516 | +€8,235 | +94.1% |
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 16 October 2026 via checked.be.