D.L.T.: 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.T.
Largest movements
- Receivables within one year +€31,012
up €31,012 (+46.9%), from €66,135 to €97,147
of which Other amounts receivable: +€51,694
- Tangible fixed assets -€25,471
down €25,471 (-21.9%), from €116,511 to €91,039
of which Land and buildings: -€25,427
- Cash -€9,293
down €9,293 (-99.3%), from €9,363 to €70
mainly Receivables within one year (-€31,012) and Trade debts (-€22,426)
- Profit (loss) carried forward +€45,376
up €45,376 (+3.1%), from -€1.5m to -€1.4m
- Trade debts -€22,426
down €22,426 (-93.6%), from €23,960 to €1,534
- Debts after one year -€14,902
down €14,902 (-0.7%), from €2.1m to €2.0m
of which Financial debts: -€37,937
- Current portion of long-term debt -€13,129
down €13,129 (-13.5%), from €97,161 to €84,032
- Gross operating margin +€43,680
up €43,680 (+56.2%), from €77,722 to €121,402
- Financial charges +€17,897
up €17,897 (+72.5%), from €24,684 to €42,581
- Taxes -€7,431
no longer reported in 2025 (was €7,431)
- Other operating charges +€3,580
up €3,580 (+81.4%), from €4,397 to €7,977
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 | €859,509 | €855,756 | -€3,752 | -0.4% |
| Fixed assets | 21/28 | €784,011 | €758,539 | -€25,471 | -3.2% |
| Tangible fixed assets | 22/27 | €116,511 | €91,039 | -€25,471 | -21.9% |
| Land and buildings | 22 | €116,467 | €91,039 | -€25,427 | -21.8% |
| Furniture and vehicles | 24 | €44 | - | -€44 | |
| Financial fixed assets | 28 | €667,500 | €667,500 | = | 0.0% |
| Current assets | 29/58 | €75,498 | €97,217 | +€21,719 | +28.8% |
| Amounts receivable within one year | 40/41 | €66,135 | €97,147 | +€31,012 | +46.9% |
| Trade receivables | 40 | €51,900 | €31,218 | -€20,682 | -39.8% |
| Other amounts receivable | 41 | €14,235 | €65,929 | +€51,694 | +363% |
| Cash at bank and in hand | 54/58 | €9,363 | €70 | -€9,293 | -99.3% |
| Total equity and liabilities | 10/49 | €859,509 | €855,756 | -€3,752 | -0.4% |
| Equity | 10/15 | -€1,353,919 | -€1,308,543 | +€45,376 | +3.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €14,418 | €14,418 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Legal reserve | 130 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €11,418 | €11,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,468,337 | -€1,422,961 | +€45,376 | +3.1% |
| Amounts payable | 17/49 | €2,213,428 | €2,164,299 | -€49,129 | -2.2% |
| Amounts payable after more than one year | 17 | €2,062,082 | €2,047,180 | -€14,902 | -0.7% |
| Financial debts | 170/4 | €315,411 | €277,474 | -€37,937 | -12.0% |
| Other amounts payable | 178/9 | €1,746,671 | €1,769,706 | +€23,034 | +1.3% |
| Amounts payable within one year | 42/48 | €140,545 | €106,319 | -€34,226 | -24.4% |
| Current portion of amounts payable after more than one year | 42 | €97,161 | €84,032 | -€13,129 | -13.5% |
| Trade debts | 44 | €23,960 | €1,534 | -€22,426 | -93.6% |
| Suppliers | 440/4 | €23,960 | €1,534 | -€22,426 | -93.6% |
| Taxes, remuneration and social security | 45 | €19,425 | €20,753 | +€1,329 | +6.8% |
| Taxes | 450/3 | €19,425 | €20,753 | +€1,329 | +6.8% |
| Accrued charges and deferred income | 492/3 | €10,800 | €10,800 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,546 | €25,471 | -€75 | -0.3% |
| Other operating charges | 640/8 | €4,397 | €7,977 | +€3,580 | +81.4% |
| Non-recurring operating charges | 66A | €3,360,100 | - | -€3.4m | |
| Gross operating margin | 9900 | €77,722 | €121,402 | +€43,680 | +56.2% |
| Operating profit (loss) | 9901 | -€3,312,321 | €87,954 | +€3.4m | |
| Financial income | 75/76B | €50 | €3 | -€47 | -93.9% |
| Recurring financial income | 75 | €50 | €3 | -€47 | -93.9% |
| Financial charges | 65/66B | €24,684 | €42,581 | +€17,897 | +72.5% |
| Recurring financial charges | 65 | €24,684 | €42,581 | +€17,897 | +72.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,336,954 | €45,376 | +€3.4m | |
| Income taxes | 67/77 | €7,431 | - | -€7,431 | |
| Profit (loss) for the period | 9904 | -€3,344,385 | €45,376 | +€3.4m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,344,385 | €45,376 | +€3.4m |
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 15 October 2026 via checked.be.