D & P Estate: 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 & P Estate
Largest movements
- Receivables within one year +€40,701
up €40,701 (+85.8%), from €47,459 to €88,160
of which Trade receivables: +€39,965
- Current investments -€27,333
down €27,333 (-7.5%), from €366,550 to €339,218
- Receivables after one year -€16,220
down €16,220 (-15.3%), from €106,157 to €89,938
- Debts after one year -€72,657
down €72,657 (-23.5%), from €309,092 to €236,435
- Profit (loss) carried forward +€41,704
up €41,704 (+32.8%), from €127,280 to €168,984
- Reserves +€35,000
up €35,000 (+15.4%), from €226,660 to €261,660
of which Distributable reserves: +€35,000
- Other debts -€17,144
down €17,144 (-29.3%), from €58,491 to €41,348
- Trade debts +€9,372
up €9,372 (+43.4%), from €21,571 to €30,944
- Gross operating margin +€22,562
up €22,562 (+14.9%), from €151,051 to €173,613
- Taxes -€8,181
down €8,181 (-24.6%), from €33,267 to €25,086
- Financial charges +€2,326
up €2,326 (+14.4%), from €16,159 to €18,486
- Depreciation -€1,976
down €1,976 (-14.9%), from €13,238 to €11,262
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €866,057 | €860,690 | -€5,367 | -0.6% |
| Fixed assets | 21/28 | €339,976 | €334,900 | -€5,076 | -1.5% |
| Tangible fixed assets | 22/27 | €339,976 | €334,900 | -€5,076 | -1.5% |
| Land and buildings | 22 | €298,198 | €293,232 | -€4,967 | -1.7% |
| Plant, machinery and equipment | 23 | €14,698 | €15,328 | +€630 | +4.3% |
| Furniture and vehicles | 24 | €1,479 | €740 | -€740 | -50.0% |
| Other tangible fixed assets | 26 | €25,600 | €25,600 | = | 0.0% |
| Current assets | 29/58 | €526,081 | €525,790 | -€291 | -0.1% |
| Amounts receivable after more than one year | 29 | €106,157 | €89,938 | -€16,220 | -15.3% |
| Other amounts receivable | 291 | €106,157 | €89,938 | -€16,220 | -15.3% |
| Amounts receivable within one year | 40/41 | €47,459 | €88,160 | +€40,701 | +85.8% |
| Trade receivables | 40 | €31,975 | €71,940 | +€39,965 | +125% |
| Other amounts receivable | 41 | €15,484 | €16,220 | +€736 | +4.8% |
| Current investments | 50/53 | €366,550 | €339,218 | -€27,333 | -7.5% |
| Cash at bank and in hand | 54/58 | €5,555 | €6,726 | +€1,171 | +21.1% |
| Deferred charges and accrued income | 490/1 | €360 | €1,750 | +€1,390 | +386% |
| Total equity and liabilities | 10/49 | €866,057 | €860,690 | -€5,367 | -0.6% |
| Equity | 10/15 | €360,140 | €436,844 | +€76,704 | +21.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €226,660 | €261,660 | +€35,000 | +15.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,800 | €19,800 | = | 0.0% |
| Distributable reserves | 133 | €205,000 | €240,000 | +€35,000 | +17.1% |
| Profit (loss) carried forward | 14 | €127,280 | €168,984 | +€41,704 | +32.8% |
| Provisions and deferred taxes | 16 | €42,000 | €42,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €42,000 | €42,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €42,000 | €42,000 | = | 0.0% |
| Amounts payable | 17/49 | €463,917 | €381,846 | -€82,071 | -17.7% |
| Amounts payable after more than one year | 17 | €309,092 | €236,435 | -€72,657 | -23.5% |
| Financial debts | 170/4 | €309,092 | €236,435 | -€72,657 | -23.5% |
| Amounts payable within one year | 42/48 | €154,826 | €145,411 | -€9,415 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €49,489 | €51,442 | +€1,953 | +3.9% |
| Trade debts | 44 | €21,571 | €30,944 | +€9,372 | +43.4% |
| Suppliers | 440/4 | €21,571 | €30,944 | +€9,372 | +43.4% |
| Taxes, remuneration and social security | 45 | €25,274 | €21,678 | -€3,596 | -14.2% |
| Taxes | 450/3 | €25,274 | €21,678 | -€3,596 | -14.2% |
| Other amounts payable | 47/48 | €58,491 | €41,348 | -€17,144 | -29.3% |
| Non-recurring operating income | 76A | - | €5,467 | +€5,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,238 | €11,262 | -€1,976 | -14.9% |
| Other operating charges | 640/8 | €3,652 | €4,136 | +€484 | +13.3% |
| Gross operating margin | 9900 | €151,051 | €173,613 | +€22,562 | +14.9% |
| Operating profit (loss) | 9901 | €134,162 | €158,216 | +€24,054 | +17.9% |
| Financial income | 75/76B | €8,688 | €7,060 | -€1,628 | -18.7% |
| Recurring financial income | 75 | €8,688 | €7,060 | -€1,628 | -18.7% |
| Financial charges | 65/66B | €16,159 | €18,486 | +€2,326 | +14.4% |
| Recurring financial charges | 65 | €16,159 | €18,486 | +€2,326 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €126,690 | €146,790 | +€20,100 | +15.9% |
| Income taxes | 67/77 | €33,267 | €25,086 | -€8,181 | -24.6% |
| Profit (loss) for the period | 9904 | €93,424 | €121,704 | +€28,281 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,424 | €121,704 | +€28,281 | +30.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.