D&N Groep: 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&N Groep
Largest movements
- Receivables within one year +€84,442
up €84,442 (+111%), from €75,748 to €160,189
of which Trade receivables: +€78,663
- Stocks and contracts -€27,660
no longer reported in 2025 (was €27,660)
- Deferred charges and accrued income -€3,773
down €3,773 (-86.6%), from €4,356 to €583
- Financial fixed assets +€2,100
up €2,100 (+25.9%), from €8,100 to €10,200
- Profit (loss) carried forward -€171,778
down €171,778 (-249%), from -€68,980 to -€240,758
- Trade debts +€149,888
up €149,888 (+4,173%), from €3,591 to €153,479
- Tax, wage and social debts +€56,283
up €56,283 (+116%), from €48,700 to €104,983
of which Remuneration and social security: +€51,722
- Debts after one year -€34,417
down €34,417 (-94.5%), from €36,428 to €2,011
- Short-term financial debts +€25,184
new in 2025: €25,184
- Staff costs +€41,501
up €41,501 (+26.4%), from €157,043 to €198,544
- Gross operating margin -€37,833
down €37,833 (-39.6%), from €95,534 to €57,701
- Financial charges +€11,125
up €11,125 (+361%), from €3,082 to €14,207
- Financial income -€6,746
down €6,746 (-98.0%), from €6,886 to €140
of which Non-recurring financial income: -€6,885
- Other operating charges +€4,166
up €4,166 (+129%), from €3,218 to €7,384
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,091 | €189,540 | +€54,450 | +40.3% |
| Fixed assets | 21/28 | €27,327 | €28,768 | +€1,441 | +5.3% |
| Tangible fixed assets | 22/27 | €19,227 | €18,568 | -€659 | -3.4% |
| Land and buildings | 22 | €2,365 | €2,070 | -€295 | -12.5% |
| Plant, machinery and equipment | 23 | €1,698 | €2,189 | +€490 | +28.9% |
| Furniture and vehicles | 24 | €4,623 | €6,851 | +€2,228 | +48.2% |
| Leasing and similar rights | 25 | €10,541 | €6,041 | -€4,500 | -42.7% |
| Other tangible fixed assets | 26 | - | €1,418 | +€1,418 | |
| Financial fixed assets | 28 | €8,100 | €10,200 | +€2,100 | +25.9% |
| Current assets | 29/58 | €107,764 | €160,773 | +€53,009 | +49.2% |
| Stocks and contracts in progress | 3 | €27,660 | - | -€27,660 | |
| Contracts in progress | 37 | €27,660 | - | -€27,660 | |
| Amounts receivable within one year | 40/41 | €75,748 | €160,189 | +€84,442 | +111% |
| Trade receivables | 40 | €75,748 | €154,411 | +€78,663 | +104% |
| Other amounts receivable | 41 | - | €5,779 | +€5,779 | |
| Deferred charges and accrued income | 490/1 | €4,356 | €583 | -€3,773 | -86.6% |
| Total equity and liabilities | 10/49 | €135,091 | €189,540 | +€54,450 | +40.3% |
| Equity | 10/15 | €4,172 | -€167,606 | -€171,778 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €54,551 | €54,551 | = | 0.0% |
| Non-distributable reserves | 130/1 | €626 | €626 | = | 0.0% |
| Reserves not available under the articles | 1311 | €626 | €626 | = | 0.0% |
| Distributable reserves | 133 | €53,925 | €53,925 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,980 | -€240,758 | -€171,778 | -249% |
| Amounts payable | 17/49 | €130,919 | €357,147 | +€226,228 | +173% |
| Amounts payable after more than one year | 17 | €36,428 | €2,011 | -€34,417 | -94.5% |
| Financial debts | 170/4 | €36,428 | €2,011 | -€34,417 | -94.5% |
| Amounts payable within one year | 42/48 | €94,491 | €351,586 | +€257,094 | +272% |
| Current portion of amounts payable after more than one year | 42 | €3,370 | €6,195 | +€2,825 | +83.8% |
| Financial debts | 43 | - | €25,184 | +€25,184 | |
| Credit institutions | 430/8 | - | €25,184 | +€25,184 | |
| Trade debts | 44 | €3,591 | €153,479 | +€149,888 | +4,173% |
| Suppliers | 440/4 | €3,591 | €153,479 | +€149,888 | +4,173% |
| Taxes, remuneration and social security | 45 | €48,700 | €104,983 | +€56,283 | +116% |
| Taxes | 450/3 | €19,815 | €24,376 | +€4,561 | +23.0% |
| Remuneration and social security | 454/9 | €28,885 | €80,607 | +€51,722 | +179% |
| Other amounts payable | 47/48 | €38,830 | €61,744 | +€22,914 | +59.0% |
| Accrued charges and deferred income | 492/3 | - | €3,550 | +€3,550 | |
| Non-recurring operating income | 76A | - | €3,142 | +€3,142 | |
| Remuneration, social security and pensions | 62 | €157,043 | €198,544 | +€41,501 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,055 | €9,483 | +€1,428 | +17.7% |
| Other operating charges | 640/8 | €3,218 | €7,384 | +€4,166 | +129% |
| Gross operating margin | 9900 | €95,534 | €57,701 | -€37,833 | -39.6% |
| Operating profit (loss) | 9901 | -€72,783 | -€157,711 | -€84,928 | -117% |
| Financial income | 75/76B | €6,886 | €140 | -€6,746 | -98.0% |
| Recurring financial income | 75 | €0 | €140 | +€140 | +116,292% |
| Non-recurring financial income | 76B | €6,885 | - | -€6,885 | |
| Financial charges | 65/66B | €3,082 | €14,207 | +€11,125 | +361% |
| Recurring financial charges | 65 | €3,082 | €14,207 | +€11,125 | +361% |
| Profit (loss) for the period before taxes | 9903 | -€68,980 | -€171,778 | -€102,798 | -149% |
| Profit (loss) for the period | 9904 | -€68,980 | -€171,778 | -€102,798 | -149% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,980 | -€171,778 | -€102,798 | -149% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.