D & T: 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 & T
Largest movements
- Receivables within one year -€119,147
down €119,147 (-34.5%), from €344,932 to €225,785
of which Trade receivables: -€75,750
- Tangible fixed assets +€95,935
up €95,935 (+9.3%), from €1.0m to €1.1m
of which Land and buildings: +€68,975
- Debts after one year -€42,478
down €42,478 (-40.5%), from €104,916 to €62,439
- Tax, wage and social debts +€23,029
up €23,029, from €0 to €23,029
- Accrued charges and deferred income -€20,250
down €20,250 (-100.0%), from €20,250 to €0
- Reserves -€14,794
down €14,794 (-1.7%), from €856,596 to €841,802
of which Tax-exempt reserves: -€14,794
- Financial income -€11,040
down €11,040 (-58.1%), from €19,007 to €7,967
- Gross operating margin +€10,578
up €10,578 (+126.7%), from €8,346 to €18,925
- Other operating charges -€2,275
down €2,275 (-28.4%), from €7,998 to €5,723
- Depreciation +€2,084
up €2,084 (+9.3%), from €22,386 to €24,470
- Financial charges +€1,712
up €1,712 (+30.9%), from €5,547 to €7,259
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 | €1,424,118 | €1,377,920 | -€46,198 | -3.2% |
| Fixed assets | 21/28 | €1,039,327 | €1,127,262 | +€87,935 | +8.5% |
| Tangible fixed assets | 22/27 | €1,028,227 | €1,124,162 | +€95,935 | +9.3% |
| Land and buildings | 22 | €1,028,227 | €1,097,202 | +€68,975 | +6.7% |
| Furniture and vehicles | 24 | - | €26,960 | +€26,960 | |
| Financial fixed assets | 28 | €11,100 | €3,100 | -€8,000 | -72.1% |
| Current assets | 29/58 | €384,791 | €250,658 | -€134,133 | -34.9% |
| Amounts receivable within one year | 40/41 | €344,932 | €225,785 | -€119,147 | -34.5% |
| Trade receivables | 40 | €80,250 | €4,500 | -€75,750 | -94.4% |
| Other amounts receivable | 41 | €264,681 | €221,285 | -€43,396 | -16.4% |
| Cash at bank and in hand | 54/58 | €2,330 | €381 | -€1,949 | -83.7% |
| Deferred charges and accrued income | 490/1 | €37,530 | €24,492 | -€13,038 | -34.7% |
| Total equity and liabilities | 10/49 | €1,424,118 | €1,377,920 | -€46,198 | -3.2% |
| Equity | 10/15 | €986,129 | €980,500 | -€5,629 | -0.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €856,596 | €841,802 | -€14,794 | -1.7% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €785,229 | €770,435 | -€14,794 | -1.9% |
| Distributable reserves | 133 | €59,367 | €59,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,533 | €18,697 | +€9,164 | +96.1% |
| Provisions and deferred taxes | 16 | €261,743 | €256,812 | -€4,931 | -1.9% |
| Deferred taxes | 168 | €261,743 | €256,812 | -€4,931 | -1.9% |
| Amounts payable | 17/49 | €176,246 | €140,609 | -€35,637 | -20.2% |
| Amounts payable after more than one year | 17 | €104,916 | €62,439 | -€42,478 | -40.5% |
| Financial debts | 170/4 | €104,916 | €62,439 | -€42,478 | -40.5% |
| Amounts payable within one year | 42/48 | €51,080 | €78,170 | +€27,091 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €41,206 | €50,568 | +€9,362 | +22.7% |
| Trade debts | 44 | €9,874 | €4,573 | -€5,301 | -53.7% |
| Suppliers | 440/4 | €9,874 | €4,573 | -€5,301 | -53.7% |
| Taxes, remuneration and social security | 45 | €0 | €23,029 | +€23,029 | |
| Taxes | 450/3 | €0 | €23,029 | +€23,029 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €20,250 | €0 | -€20,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,386 | €24,470 | +€2,084 | +9.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €7,998 | €5,723 | -€2,275 | -28.4% |
| Gross operating margin | 9900 | €8,346 | €18,925 | +€10,578 | +126.7% |
| Operating profit (loss) | 9901 | -€22,038 | -€11,269 | +€10,769 | +48.9% |
| Financial income | 75/76B | €19,007 | €7,967 | -€11,040 | -58.1% |
| Recurring financial income | 75 | €19,007 | €7,967 | -€11,040 | -58.1% |
| Financial charges | 65/66B | €5,547 | €7,259 | +€1,712 | +30.9% |
| Recurring financial charges | 65 | €5,547 | €7,259 | +€1,712 | +30.9% |
| Profit (loss) for the period before taxes | 9903 | -€8,578 | -€10,561 | -€1,983 | -23.1% |
| Transfer from deferred taxes | 780 | €4,528 | €4,931 | +€404 | +8.9% |
| Profit (loss) for the period | 9904 | -€4,050 | -€5,629 | -€1,580 | -39.0% |
| Transfer from tax-exempt reserves | 789 | €13,583 | €14,794 | +€1,211 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,533 | €9,164 | -€369 | -3.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.