D PLUS: what changed
Two fiscal 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 PLUS
Largest movements
- Cash +€12,121
up €12,121 (+37.1%), from €32,673 to €44,794
mainly Depreciation (+€11,883) and Net result for the year (+€7,453)
- Tangible fixed assets +€5,717
up €5,717 (+8.6%), from €66,778 to €72,495
of which Plant, machinery and equipment: +€16,255
- Deferred charges and accrued income -€3,918
no longer reported in 2025 (was €3,918)
- Reserves +€7,453
up €7,453 (+8.9%), from €83,602 to €91,055
of which Tax-exempt reserves: +€7,453
- Other debts +€4,657
new in 2025: €4,657
- Turnover -€18,953
no longer reported in 2025 (was €18,953)
- Gross operating margin +€12,969
up €12,969 (+181.3%), from €7,156 to €20,125
- Purchases and services -€11,797
no longer reported in 2025 (was €11,797)
- Depreciation +€1,051
up €1,051 (+9.7%), from €10,832 to €11,883
- Taxes +€745
new in 2025: €745
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 | €103,369 | €117,288 | +€13,919 | +13.5% |
| Fixed assets | 21/28 | €66,778 | €72,495 | +€5,717 | +8.6% |
| Tangible fixed assets | 22/27 | €66,778 | €72,495 | +€5,717 | +8.6% |
| Land and buildings | 22 | €66,190 | €55,652 | -€10,538 | -15.9% |
| Plant, machinery and equipment | 23 | €588 | €16,843 | +€16,255 | +2764.2% |
| Current assets | 29/58 | €36,591 | €44,794 | +€8,202 | +22.4% |
| Cash at bank and in hand | 54/58 | €32,673 | €44,794 | +€12,121 | +37.1% |
| Deferred charges and accrued income | 490/1 | €3,918 | - | -€3,918 | |
| Total equity and liabilities | 10/49 | €103,369 | €117,288 | +€13,919 | +13.5% |
| Equity | 10/15 | €102,202 | €109,655 | +€7,453 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,602 | €91,055 | +€7,453 | +8.9% |
| 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 | €11,352 | €18,806 | +€7,453 | +65.7% |
| Distributable reserves | 133 | €70,390 | €70,390 | = | 0.0% |
| Amounts payable | 17/49 | €1,167 | €7,633 | +€6,466 | +554.1% |
| Amounts payable within one year | 42/48 | €1,167 | €7,633 | +€6,466 | +554.1% |
| Trade debts | 44 | €1,167 | €2,230 | +€1,063 | +91.1% |
| Suppliers | 440/4 | €1,167 | €2,230 | +€1,063 | +91.1% |
| Taxes, remuneration and social security | 45 | - | €745 | +€745 | |
| Taxes | 450/3 | - | €745 | +€745 | |
| Other amounts payable | 47/48 | - | €4,657 | +€4,657 | |
| Turnover | 70 | €18,953 | - | -€18,953 | |
| Goods, raw materials, services and sundry goods | 60/61 | €11,797 | - | -€11,797 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,832 | €11,883 | +€1,051 | +9.7% |
| Gross operating margin | 9900 | €7,156 | €20,125 | +€12,969 | +181.3% |
| Operating profit (loss) | 9901 | -€3,676 | €8,242 | +€11,918 | |
| Financial charges | 65/66B | €39 | €44 | +€5 | +11.5% |
| Recurring financial charges | 65 | €39 | €44 | +€5 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,715 | €8,199 | +€11,914 | |
| Income taxes | 67/77 | - | €745 | +€745 | |
| Profit (loss) for the period | 9904 | -€3,715 | €7,453 | +€11,168 | |
| Transfer to tax-exempt reserves | 689 | - | €7,453 | +€7,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,715 | €0 | +€3,715 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.