D-STORE: 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-STORE
Largest movements
- Current investments +€3.0m
up €3.0m (+100%), from €3.0m to €6.0m
- Cash -€2.2m
down €2.2m (-58.1%), from €3.7m to €1.6m
mainly Current investments (-€3.0m) and Contributions, distributions and other (-€2.0m)
- Receivables within one year +€1.6m
up €1.6m (+168%), from €940,454 to €2.5m
of which Other amounts receivable: +€1.6m
- Tangible fixed assets -€1.3m
down €1.3m (-17.7%), from €7.4m to €6.1m
- Deferred charges and accrued income -€248,725
down €248,725 (-74.2%), from €335,109 to €86,384
- Reserves +€2.2m
up €2.2m (+19.4%), from €11.2m to €13.3m
of which Distributable reserves: +€2.2m
- Debts after one year -€978,038
down €978,038 (-53.4%), from €1.8m to €852,265
- Tax, wage and social debts -€184,427
down €184,427 (-59.6%), from €309,507 to €125,080
- Gross operating margin +€611,329
up €611,329 (+10.2%), from €6.0m to €6.6m
- Taxes +€168,955
up €168,955 (+14.6%), from €1.2m to €1.3m
- Financial income +€116,734
up €116,734 (+62.8%), from €185,799 to €302,533
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 | €15,467,208 | €16,315,689 | +€848,481 | +5.5% |
| Fixed assets | 21/28 | €7,445,186 | €6,134,795 | -€1.3m | -17.6% |
| Tangible fixed assets | 22/27 | €7,413,867 | €6,103,475 | -€1.3m | -17.7% |
| Land and buildings | 22 | €4,976,715 | €4,393,775 | -€582,940 | -11.7% |
| Plant, machinery and equipment | 23 | €348,847 | €259,225 | -€89,623 | -25.7% |
| Furniture and vehicles | 24 | €2,821 | €1,545 | -€1,276 | -45.2% |
| Leasing and similar rights | 25 | €2,085,484 | €1,448,931 | -€636,553 | -30.5% |
| Financial fixed assets | 28 | €31,320 | €31,320 | = | 0.0% |
| Current assets | 29/58 | €8,022,021 | €10,180,893 | +€2.2m | +26.9% |
| Amounts receivable within one year | 40/41 | €940,454 | €2,524,500 | +€1.6m | +168% |
| Trade receivables | 40 | €940,454 | €963,606 | +€23,152 | +2.5% |
| Other amounts receivable | 41 | €0 | €1,560,894 | +€1.6m | |
| Current investments | 50/53 | €3,000,000 | €6,000,000 | +€3.0m | +100% |
| Cash at bank and in hand | 54/58 | €3,746,458 | €1,570,010 | -€2.2m | -58.1% |
| Deferred charges and accrued income | 490/1 | €335,109 | €86,384 | -€248,725 | -74.2% |
| Total equity and liabilities | 10/49 | €15,467,208 | €16,315,689 | +€848,481 | +5.5% |
| Equity | 10/15 | €11,748,119 | €13,812,865 | +€2.1m | +17.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,150,366 | €13,309,266 | +€2.2m | +19.4% |
| Tax-exempt reserves | 132 | €2,999,998 | €2,999,998 | = | 0.0% |
| Distributable reserves | 133 | €8,150,368 | €10,309,268 | +€2.2m | +26.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €585,353 | €491,198 | -€94,155 | -16.1% |
| Amounts payable | 17/49 | €3,719,089 | €2,502,824 | -€1.2m | -32.7% |
| Amounts payable after more than one year | 17 | €1,830,304 | €852,265 | -€978,038 | -53.4% |
| Financial debts | 170/4 | €1,830,304 | €852,265 | -€978,038 | -53.4% |
| Amounts payable within one year | 42/48 | €1,770,484 | €1,540,561 | -€229,922 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €966,125 | €978,038 | +€11,913 | +1.2% |
| Trade debts | 44 | €494,851 | €437,443 | -€57,408 | -11.6% |
| Suppliers | 440/4 | €494,851 | €437,443 | -€57,408 | -11.6% |
| Taxes, remuneration and social security | 45 | €309,507 | €125,080 | -€184,427 | -59.6% |
| Taxes | 450/3 | €309,507 | €125,080 | -€184,427 | -59.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €118,302 | €109,997 | -€8,304 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,311,178 | €1,310,391 | -€787 | -0.1% |
| Other operating charges | 640/8 | €148,997 | €153,681 | +€4,684 | +3.1% |
| Gross operating margin | 9900 | €5,970,452 | €6,581,780 | +€611,329 | +10.2% |
| Operating profit (loss) | 9901 | €4,510,276 | €5,117,708 | +€607,432 | +13.5% |
| Financial income | 75/76B | €185,799 | €302,533 | +€116,734 | +62.8% |
| Recurring financial income | 75 | €185,799 | €302,533 | +€116,734 | +62.8% |
| Financial charges | 65/66B | €43,844 | €33,553 | -€10,292 | -23.5% |
| Recurring financial charges | 65 | €43,844 | €33,553 | -€10,292 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €4,652,231 | €5,386,688 | +€734,457 | +15.8% |
| Income taxes | 67/77 | €1,158,833 | €1,327,788 | +€168,955 | +14.6% |
| Profit (loss) for the period | 9904 | €3,493,398 | €4,058,900 | +€565,502 | +16.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €3,493,398 | €4,058,900 | +€565,502 | +16.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.