D&L Vastgoed: 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 Vastgoed
Largest movements
- Cash -€15,743
down €15,743 (-21.9%), from €71,755 to €56,012
mainly Investment in fixed assets (net) (-€14,315) and Receivables within one year (-€9,829)
- Receivables within one year +€9,829
up €9,829 (+37.7%), from €26,066 to €35,894
of which Other amounts receivable: +€10,682
- Tangible fixed assets +€9,795
up €9,795 (+151%), from €6,493 to €16,289
of which Furniture and vehicles: +€7,446
- Reserves +€9,000
up €9,000 (+13.2%), from €68,054 to €77,054
of which Distributable reserves: +€9,000
- Trade debts -€5,394
down €5,394 (-29.4%), from €18,350 to €12,956
- Depreciation +€1,482
up €1,482 (+48.8%), from €3,038 to €4,520
- Gross operating margin +€856
up €856 (+3.7%), from €22,962 to €23,818
- Taxes -€775
down €775 (-9.1%), from €8,505 to €7,731
- Other operating charges +€408
up €408 (+22.3%), from €1,826 to €2,234
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 | €109,169 | €113,050 | +€3,881 | +3.6% |
| Fixed assets | 21/28 | €11,348 | €21,144 | +€9,795 | +86.3% |
| Tangible fixed assets | 22/27 | €6,493 | €16,289 | +€9,795 | +151% |
| Plant, machinery and equipment | 23 | - | €1,835 | +€1,835 | |
| Furniture and vehicles | 24 | €5,124 | €12,571 | +€7,446 | +145% |
| Other tangible fixed assets | 26 | €1,369 | €1,884 | +€515 | +37.6% |
| Financial fixed assets | 28 | €4,855 | €4,855 | = | 0.0% |
| Current assets | 29/58 | €97,820 | €91,906 | -€5,914 | -6.0% |
| Amounts receivable within one year | 40/41 | €26,066 | €35,894 | +€9,829 | +37.7% |
| Trade receivables | 40 | €853 | €0 | -€853 | -100% |
| Other amounts receivable | 41 | €25,212 | €35,894 | +€10,682 | +42.4% |
| Cash at bank and in hand | 54/58 | €71,755 | €56,012 | -€15,743 | -21.9% |
| Total equity and liabilities | 10/49 | €109,169 | €113,050 | +€3,881 | +3.6% |
| Equity | 10/15 | €75,407 | €84,571 | +€9,164 | +12.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €68,054 | €77,054 | +€9,000 | +13.2% |
| Non-distributable reserves | 130/1 | €354 | €354 | = | 0.0% |
| Reserves not available under the articles | 1311 | €354 | €354 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,800 | €8,800 | = | 0.0% |
| Distributable reserves | 133 | €58,900 | €67,900 | +€9,000 | +15.3% |
| Profit (loss) carried forward | 14 | €1,153 | €1,317 | +€164 | +14.2% |
| Amounts payable | 17/49 | €33,762 | €28,479 | -€5,282 | -15.6% |
| Amounts payable within one year | 42/48 | €33,762 | €28,479 | -€5,282 | -15.6% |
| Trade debts | 44 | €18,350 | €12,956 | -€5,394 | -29.4% |
| Suppliers | 440/4 | €18,350 | €12,956 | -€5,394 | -29.4% |
| Taxes, remuneration and social security | 45 | €15,412 | €15,523 | +€112 | +0.7% |
| Taxes | 450/3 | €15,412 | €15,523 | +€112 | +0.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,038 | €4,520 | +€1,482 | +48.8% |
| Other operating charges | 640/8 | €1,826 | €2,234 | +€408 | +22.3% |
| Gross operating margin | 9900 | €22,962 | €23,818 | +€856 | +3.7% |
| Operating profit (loss) | 9901 | €18,098 | €17,064 | -€1,033 | -5.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €138 | €170 | +€32 | +23.1% |
| Recurring financial charges | 65 | €138 | €170 | +€32 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €17,965 | €16,894 | -€1,070 | -6.0% |
| Income taxes | 67/77 | €8,505 | €7,731 | -€775 | -9.1% |
| Profit (loss) for the period | 9904 | €9,459 | €9,164 | -€296 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,459 | €9,164 | -€296 | -3.1% |
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 30 October 2026 via checked.be.