D-MANUFACTURING: 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-MANUFACTURING
Largest movements
- Current investments +€9,101
up €9,101 (+21.8%), from €41,733 to €50,833
- Tangible fixed assets -€8,799
down €8,799 (-19.0%), from €46,335 to €37,536
of which Furniture and vehicles: -€9,641
- Receivables within one year -€1,754
down €1,754 (-47.3%), from €3,712 to €1,958
of which Other amounts receivable: -€1,216
- Cash +€1,270
up €1,270 (+152.4%), from €833 to €2,104
mainly Depreciation (+€10,004) and Net result for the year (+€5,596)
- Debts after one year -€6,759
down €6,759 (-19.1%), from €35,401 to €28,642
- Other debts +€3,735
up €3,735, from €0 to €3,735
- Tax, wage and social debts +€1,660
up €1,660, from €0 to €1,660
- Gross operating margin -€21,179
down €21,179 (-48.9%), from €43,344 to €22,165
- Taxes -€11,756
down €11,756 (-74.4%), from €15,798 to €4,042
- Depreciation +€7,604
up €7,604 (+316.8%), from €2,400 to €10,004
- Financial income -€6,807
down €6,807 (-98.2%), from €6,932 to €125
of which Non-recurring financial income: -€6,743
- Financial charges +€859
up €859 (+74.2%), from €1,158 to €2,017
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.
Cash bridge derived
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 | €115,930 | €115,748 | -€182 | -0.2% |
| Fixed assets | 21/28 | €69,652 | €60,853 | -€8,799 | -12.6% |
| Tangible fixed assets | 22/27 | €46,335 | €37,536 | -€8,799 | -19.0% |
| Plant, machinery and equipment | 23 | - | €948 | +€948 | |
| Furniture and vehicles | 24 | €45,821 | €36,180 | -€9,641 | -21.0% |
| Other tangible fixed assets | 26 | €515 | €409 | -€106 | -20.6% |
| Financial fixed assets | 28 | €23,317 | €23,317 | = | 0.0% |
| Current assets | 29/58 | €46,278 | €54,895 | +€8,617 | +18.6% |
| Amounts receivable within one year | 40/41 | €3,712 | €1,958 | -€1,754 | -47.3% |
| Trade receivables | 40 | €538 | €0 | -€538 | -100.0% |
| Other amounts receivable | 41 | €3,174 | €1,958 | -€1,216 | -38.3% |
| Current investments | 50/53 | €41,733 | €50,833 | +€9,101 | +21.8% |
| Cash at bank and in hand | 54/58 | €833 | €2,104 | +€1,270 | +152.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €115,930 | €115,748 | -€182 | -0.2% |
| Equity | 10/15 | €69,509 | €70,437 | +€927 | +1.3% |
| Contributions | 10/11 | €7,331 | €7,331 | = | 0.0% |
| Reserves | 13 | €62,178 | €63,105 | +€927 | +1.5% |
| Tax-exempt reserves | 132 | €267 | €267 | = | 0.0% |
| Distributable reserves | 133 | €61,911 | €62,839 | +€927 | +1.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,420 | €45,311 | -€1,109 | -2.4% |
| Amounts payable after more than one year | 17 | €35,401 | €28,642 | -€6,759 | -19.1% |
| Financial debts | 170/4 | €35,401 | €28,642 | -€6,759 | -19.1% |
| Amounts payable within one year | 42/48 | €10,632 | €16,270 | +€5,637 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €7,073 | €7,350 | +€277 | +3.9% |
| Financial debts | 43 | €3,000 | €3,000 | = | 0.0% |
| Other loans | 439 | €3,000 | €3,000 | = | 0.0% |
| Trade debts | 44 | €559 | €525 | -€34 | -6.1% |
| Suppliers | 440/4 | €559 | €525 | -€34 | -6.1% |
| Taxes, remuneration and social security | 45 | €0 | €1,660 | +€1,660 | |
| Taxes | 450/3 | €0 | €1,660 | +€1,660 | |
| Other amounts payable | 47/48 | €0 | €3,735 | +€3,735 | |
| Accrued charges and deferred income | 492/3 | €387 | €400 | +€12 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €10,004 | +€7,604 | +316.8% |
| Other operating charges | 640/8 | €1,046 | €631 | -€416 | -39.7% |
| Gross operating margin | 9900 | €43,344 | €22,165 | -€21,179 | -48.9% |
| Operating profit (loss) | 9901 | €39,898 | €11,531 | -€28,368 | -71.1% |
| Financial income | 75/76B | €6,932 | €125 | -€6,807 | -98.2% |
| Recurring financial income | 75 | €189 | €125 | -€64 | -34.0% |
| Non-recurring financial income | 76B | €6,743 | €0 | -€6,743 | -100.0% |
| Financial charges | 65/66B | €1,158 | €2,017 | +€859 | +74.2% |
| Recurring financial charges | 65 | €1,158 | €2,017 | +€859 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €45,672 | €9,638 | -€36,034 | -78.9% |
| Income taxes | 67/77 | €15,798 | €4,042 | -€11,756 | -74.4% |
| Profit (loss) for the period | 9904 | €29,874 | €5,596 | -€24,278 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,874 | €5,596 | -€24,278 | -81.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.