D TAX: 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 TAX
Largest movements
- Cash -€321,584
down €321,584 (-73.6%), from €436,878 to €115,294
mainly Investment in fixed assets (net) (-€332,309) and Other debts (-€76,077)
- Tangible fixed assets +€170,507
up €170,507 (+13.9%), from €1.2m to €1.4m
of which Assets under construction and advance payments: +€225,433
- Financial fixed assets +€100,000
up €100,000 (+11.5%), from €871,391 to €971,391
- Receivables within one year +€67,360
up €67,360 (+15.3%), from €441,563 to €508,923
of which Trade receivables: +€83,859
- Profit (loss) carried forward +€136,277
up €136,277 (+9.2%), from €1.5m to €1.6m
- Other debts -€76,077
down €76,077 (-28.0%), from €271,554 to €195,478
- Debts after one year -€41,746
down €41,746 (-8.1%), from €517,108 to €475,362
- Gross operating margin +€20,102
up €20,102 (+7.2%), from €279,729 to €299,831
- Taxes +€6,573
up €6,573 (+11.1%), from €59,024 to €65,597
- Depreciation +€3,393
up €3,393 (+5.8%), from €58,409 to €61,802
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 | €3,115,555 | €3,146,847 | +€31,293 | +1.0% |
| Fixed assets | 21/28 | €2,101,424 | €2,371,930 | +€270,507 | +12.9% |
| Tangible fixed assets | 22/27 | €1,230,033 | €1,400,540 | +€170,507 | +13.9% |
| Land and buildings | 22 | €909,646 | €886,949 | -€22,696 | -2.5% |
| Plant, machinery and equipment | 23 | €288,248 | €262,602 | -€25,646 | -8.9% |
| Furniture and vehicles | 24 | €1,392 | €1,195 | -€198 | -14.2% |
| Other tangible fixed assets | 26 | €30,747 | €24,360 | -€6,387 | -20.8% |
| Assets under construction and advance payments | 27 | - | €225,433 | +€225,433 | |
| Financial fixed assets | 28 | €871,391 | €971,391 | +€100,000 | +11.5% |
| Current assets | 29/58 | €1,014,131 | €774,917 | -€239,214 | -23.6% |
| Amounts receivable within one year | 40/41 | €441,563 | €508,923 | +€67,360 | +15.3% |
| Trade receivables | 40 | €282,289 | €366,148 | +€83,859 | +29.7% |
| Other amounts receivable | 41 | €159,274 | €142,776 | -€16,498 | -10.4% |
| Current investments | 50/53 | €135,433 | €135,706 | +€273 | +0.2% |
| Cash at bank and in hand | 54/58 | €436,878 | €115,294 | -€321,584 | -73.6% |
| Deferred charges and accrued income | 490/1 | €257 | €14,994 | +€14,737 | +5,730% |
| Total equity and liabilities | 10/49 | €3,115,555 | €3,146,847 | +€31,293 | +1.0% |
| Equity | 10/15 | €2,017,056 | €2,153,334 | +€136,277 | +6.8% |
| Contributions | 10/11 | €491,650 | €491,650 | = | 0.0% |
| Reserves | 13 | €49,165 | €49,165 | = | 0.0% |
| Non-distributable reserves | 130/1 | €49,165 | €49,165 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,165 | €49,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,476,241 | €1,612,519 | +€136,277 | +9.2% |
| Amounts payable | 17/49 | €1,098,498 | €993,514 | -€104,985 | -9.6% |
| Amounts payable after more than one year | 17 | €517,108 | €475,362 | -€41,746 | -8.1% |
| Financial debts | 170/4 | €517,108 | €475,362 | -€41,746 | -8.1% |
| Amounts payable within one year | 42/48 | €577,786 | €514,037 | -€63,749 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €46,468 | €41,746 | -€4,722 | -10.2% |
| Trade debts | 44 | €224,301 | €224,183 | -€118 | -0.1% |
| Suppliers | 440/4 | €224,301 | €224,183 | -€118 | -0.1% |
| Taxes, remuneration and social security | 45 | €35,463 | €52,630 | +€17,168 | +48.4% |
| Taxes | 450/3 | €29,046 | €48,096 | +€19,050 | +65.6% |
| Remuneration and social security | 454/9 | €6,417 | €4,535 | -€1,882 | -29.3% |
| Other amounts payable | 47/48 | €271,554 | €195,478 | -€76,077 | -28.0% |
| Accrued charges and deferred income | 492/3 | €3,604 | €4,115 | +€510 | +14.2% |
| Remuneration, social security and pensions | 62 | €31,820 | €31,513 | -€308 | -1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,409 | €61,802 | +€3,393 | +5.8% |
| Other operating charges | 640/8 | €3,689 | €3,786 | +€97 | +2.6% |
| Gross operating margin | 9900 | €279,729 | €299,831 | +€20,102 | +7.2% |
| Operating profit (loss) | 9901 | €185,812 | €202,731 | +€16,919 | +9.1% |
| Financial income | 75/76B | €3,719 | €5,081 | +€1,362 | +36.6% |
| Recurring financial income | 75 | €3,719 | €5,081 | +€1,362 | +36.6% |
| Financial charges | 65/66B | €6,648 | €5,937 | -€711 | -10.7% |
| Recurring financial charges | 65 | €6,648 | €5,937 | -€711 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €182,882 | €201,874 | +€18,992 | +10.4% |
| Income taxes | 67/77 | €59,024 | €65,597 | +€6,573 | +11.1% |
| Profit (loss) for the period | 9904 | €123,858 | €136,277 | +€12,419 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €123,858 | €136,277 | +€12,419 | +10.0% |
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 17 October 2026 via checked.be.