D&L PARTNERS: 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 PARTNERS
Largest movements
- Tangible fixed assets -€16,244
down €16,244 (-4.9%), from €329,285 to €313,041
of which Land and buildings: -€9,653
- Receivables within one year +€15,387
up €15,387 (+20.7%), from €74,405 to €89,792
- Debts after one year -€22,907
down €22,907 (-9.9%), from €230,794 to €207,887
- Other debts -€21,561
down €21,561 (-17.1%), from €125,936 to €104,375
- Profit (loss) carried forward +€20,860
up €20,860 (+25.3%), from €82,523 to €103,383
- Trade debts +€10,211
up €10,211 (+33.8%), from €30,197 to €40,408
- Tax, wage and social debts +€9,857
up €9,857 (+42.6%), from €23,125 to €32,982
of which Remuneration and social security: +€6,834
- Gross operating margin +€63,058
up €63,058 (+41.7%), from €151,234 to €214,292
- Staff costs +€54,134
new in 2025: €54,134
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 | €515,392 | €511,999 | -€3,393 | -0.7% |
| Fixed assets | 21/28 | €329,625 | €313,381 | -€16,244 | -4.9% |
| Tangible fixed assets | 22/27 | €329,285 | €313,041 | -€16,244 | -4.9% |
| Land and buildings | 22 | €317,186 | €307,533 | -€9,653 | -3.0% |
| Plant, machinery and equipment | 23 | €976 | €511 | -€464 | -47.6% |
| Furniture and vehicles | 24 | €5,631 | €2,671 | -€2,960 | -52.6% |
| Other tangible fixed assets | 26 | €5,493 | €2,326 | -€3,167 | -57.7% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €185,767 | €198,618 | +€12,851 | +6.9% |
| Amounts receivable within one year | 40/41 | €74,405 | €89,792 | +€15,387 | +20.7% |
| Trade receivables | 40 | €74,405 | €89,792 | +€15,387 | +20.7% |
| Cash at bank and in hand | 54/58 | €99,259 | €95,242 | -€4,017 | -4.0% |
| Deferred charges and accrued income | 490/1 | €12,103 | €13,584 | +€1,481 | +12.2% |
| Total equity and liabilities | 10/49 | €515,392 | €511,999 | -€3,393 | -0.7% |
| Equity | 10/15 | €82,580 | €103,440 | +€20,860 | +25.3% |
| Contributions | 10/11 | €52 | €52 | = | 0.0% |
| Reserves | 13 | €5 | €5 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5 | €5 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5 | €5 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,523 | €103,383 | +€20,860 | +25.3% |
| Amounts payable | 17/49 | €432,812 | €408,559 | -€24,252 | -5.6% |
| Amounts payable after more than one year | 17 | €230,794 | €207,887 | -€22,907 | -9.9% |
| Financial debts | 170/4 | €230,794 | €207,887 | -€22,907 | -9.9% |
| Amounts payable within one year | 42/48 | €202,014 | €200,672 | -€1,342 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €22,756 | €22,907 | +€151 | +0.7% |
| Trade debts | 44 | €30,197 | €40,408 | +€10,211 | +33.8% |
| Suppliers | 440/4 | €30,197 | €40,408 | +€10,211 | +33.8% |
| Taxes, remuneration and social security | 45 | €23,125 | €32,982 | +€9,857 | +42.6% |
| Taxes | 450/3 | €23,125 | €26,147 | +€3,023 | +13.1% |
| Remuneration and social security | 454/9 | - | €6,834 | +€6,834 | |
| Other amounts payable | 47/48 | €125,936 | €104,375 | -€21,561 | -17.1% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Remuneration, social security and pensions | 62 | - | €54,134 | +€54,134 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,453 | €16,244 | -€209 | -1.3% |
| Other operating charges | 640/8 | €2,072 | €2,716 | +€645 | +31.1% |
| Gross operating margin | 9900 | €151,234 | €214,292 | +€63,058 | +41.7% |
| Operating profit (loss) | 9901 | €132,709 | €141,197 | +€8,489 | +6.4% |
| Financial income | 75/76B | €602 | €1,768 | +€1,167 | +194% |
| Recurring financial income | 75 | €602 | €1,768 | +€1,167 | +194% |
| Financial charges | 65/66B | €3,554 | €3,610 | +€56 | +1.6% |
| Recurring financial charges | 65 | €3,554 | €3,610 | +€56 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €129,756 | €139,356 | +€9,599 | +7.4% |
| Income taxes | 67/77 | €33,035 | €35,057 | +€2,023 | +6.1% |
| Profit (loss) for the period | 9904 | €96,722 | €104,299 | +€7,577 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,722 | €104,299 | +€7,577 | +7.8% |
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 23 October 2026 via checked.be.