D.T.E.: 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.E.
Largest movements
- Receivables within one year -€86,781
down €86,781 (-25.8%), from €336,730 to €249,948
of which Other amounts receivable: -€180,788
- Current investments +€76,077
up €76,077 (+21.4%), from €355,520 to €431,597
- Stocks and contracts -€33,255
down €33,255 (-31.3%), from €106,389 to €73,134
- Cash +€27,143
up €27,143 (+7.1%), from €383,217 to €410,360
mainly Receivables within one year (+€86,781) and Depreciation (+€41,121)
- Tangible fixed assets -€21,778
down €21,778 (-14.4%), from €151,366 to €129,589
of which Land and buildings: -€29,530
- Tax, wage and social debts -€15,576
down €15,576 (-41.9%), from €37,167 to €21,591
of which Taxes: -€15,520
- Gross operating margin -€128,934
down €128,934 (-53.5%), from €240,997 to €112,063
- Other operating charges -€42,556
down €42,556 (-86.9%), from €48,995 to €6,439
- Taxes -€24,339
down €24,339 (-98.1%), from €24,818 to €480
- Financial charges -€15,446
down €15,446 (-68.8%), from €22,438 to €6,992
- Write-downs +€13,724
up €13,724 (+32.6%), from -€42,121 to -€28,397
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 | €1,338,939 | €1,298,705 | -€40,234 | -3.0% |
| Fixed assets | 21/28 | €151,678 | €129,901 | -€21,778 | -14.4% |
| Tangible fixed assets | 22/27 | €151,366 | €129,589 | -€21,778 | -14.4% |
| Land and buildings | 22 | €115,859 | €86,329 | -€29,530 | -25.5% |
| Plant, machinery and equipment | 23 | €1,913 | €15,408 | +€13,495 | +705.4% |
| Furniture and vehicles | 24 | - | €1,042 | +€1,042 | |
| Other tangible fixed assets | 26 | €33,595 | €26,810 | -€6,785 | -20.2% |
| Financial fixed assets | 28 | €312 | €312 | = | 0.0% |
| Current assets | 29/58 | €1,187,261 | €1,168,804 | -€18,457 | -1.6% |
| Stocks and contracts in progress | 3 | €106,389 | €73,134 | -€33,255 | -31.3% |
| Stocks | 30/36 | €106,389 | €73,134 | -€33,255 | -31.3% |
| Amounts receivable within one year | 40/41 | €336,730 | €249,948 | -€86,781 | -25.8% |
| Trade receivables | 40 | €38,879 | €132,886 | +€94,006 | +241.8% |
| Other amounts receivable | 41 | €297,850 | €117,063 | -€180,788 | -60.7% |
| Current investments | 50/53 | €355,520 | €431,597 | +€76,077 | +21.4% |
| Cash at bank and in hand | 54/58 | €383,217 | €410,360 | +€27,143 | +7.1% |
| Deferred charges and accrued income | 490/1 | €5,405 | €3,765 | -€1,640 | -30.3% |
| Total equity and liabilities | 10/49 | €1,338,939 | €1,298,705 | -€40,234 | -3.0% |
| Equity | 10/15 | €727,867 | €727,596 | -€271 | 0.0% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €650,000 | €650,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €642,563 | €642,563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,499 | €3,228 | -€271 | -7.7% |
| Amounts payable | 17/49 | €611,073 | €571,109 | -€39,963 | -6.5% |
| Amounts payable after more than one year | 17 | €92,122 | €78,892 | -€13,230 | -14.4% |
| Financial debts | 170/4 | €92,122 | €78,892 | -€13,230 | -14.4% |
| Amounts payable within one year | 42/48 | €518,951 | €492,218 | -€26,733 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €13,030 | €13,230 | +€200 | +1.5% |
| Trade debts | 44 | €468,734 | €457,376 | -€11,357 | -2.4% |
| Suppliers | 440/4 | €468,734 | €457,376 | -€11,357 | -2.4% |
| Taxes, remuneration and social security | 45 | €37,167 | €21,591 | -€15,576 | -41.9% |
| Taxes | 450/3 | €25,365 | €9,844 | -€15,520 | -61.2% |
| Remuneration and social security | 454/9 | €11,802 | €11,747 | -€55 | -0.5% |
| Other amounts payable | 47/48 | €20 | €20 | = | 0.0% |
| Non-recurring operating income | 76A | - | €4,750 | +€4,750 | |
| Remuneration, social security and pensions | 62 | €84,909 | €87,412 | +€2,503 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,094 | €41,121 | +€4,027 | +10.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€42,121 | -€28,397 | +€13,724 | +32.6% |
| Other operating charges | 640/8 | €48,995 | €6,439 | -€42,556 | -86.9% |
| Gross operating margin | 9900 | €240,997 | €112,063 | -€128,934 | -53.5% |
| Operating profit (loss) | 9901 | €112,119 | €5,488 | -€106,631 | -95.1% |
| Financial income | 75/76B | €1,410 | €1,712 | +€302 | +21.5% |
| Recurring financial income | 75 | €1,410 | €1,712 | +€302 | +21.5% |
| Financial charges | 65/66B | €22,438 | €6,992 | -€15,446 | -68.8% |
| Recurring financial charges | 65 | €22,438 | €6,992 | -€15,446 | -68.8% |
| Profit (loss) for the period before taxes | 9903 | €91,091 | €209 | -€90,883 | -99.8% |
| Income taxes | 67/77 | €24,818 | €480 | -€24,339 | -98.1% |
| Profit (loss) for the period | 9904 | €66,273 | -€271 | -€66,544 | |
| Profit (loss) for the period to be appropriated | 9905 | €66,273 | -€271 | -€66,544 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.