D'tral: 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'tral
Largest movements
- Receivables within one year +€52,683
up €52,683 (+8.7%), from €607,008 to €659,691
of which Trade receivables: +€56,501
- Cash +€12,209
up €12,209 (+18.1%), from €67,583 to €79,792
mainly Trade debts (+€49,604) and Net result for the year (+€34,827)
- Stocks and contracts -€10,000
down €10,000 (-14.3%), from €70,000 to €60,000
- Trade debts +€49,604
up €49,604 (+55.5%), from €89,381 to €138,985
- Reserves +€34,827
up €34,827 (+8.2%), from €425,830 to €460,656
of which Distributable reserves: +€34,827
- Tax, wage and social debts -€19,095
down €19,095 (-32.8%), from €58,218 to €39,123
of which Remuneration and social security: -€23,061
- Gross operating margin +€30,055
up €30,055 (+9.6%), from €313,422 to €343,476
- Staff costs -€21,036
down €21,036 (-6.7%), from €316,314 to €295,278
- Financial income -€4,420
down €4,420 (-97.9%), from €4,514 to €95
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 | €762,264 | €815,087 | +€52,823 | +6.9% |
| Fixed assets | 21/28 | €9,219 | €8,348 | -€871 | -9.4% |
| Intangible fixed assets | 21 | €1,253 | €769 | -€484 | -38.6% |
| Tangible fixed assets | 22/27 | €7,966 | €7,579 | -€387 | -4.9% |
| Land and buildings | 22 | €420 | €72 | -€348 | -82.8% |
| Furniture and vehicles | 24 | €7,545 | €7,507 | -€39 | -0.5% |
| Current assets | 29/58 | €753,045 | €806,738 | +€53,693 | +7.1% |
| Stocks and contracts in progress | 3 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Stocks | 30/36 | €70,000 | €60,000 | -€10,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €607,008 | €659,691 | +€52,683 | +8.7% |
| Trade receivables | 40 | €93,089 | €149,590 | +€56,501 | +60.7% |
| Other amounts receivable | 41 | €513,919 | €510,101 | -€3,818 | -0.7% |
| Cash at bank and in hand | 54/58 | €67,583 | €79,792 | +€12,209 | +18.1% |
| Deferred charges and accrued income | 490/1 | €8,454 | €7,255 | -€1,199 | -14.2% |
| Total equity and liabilities | 10/49 | €762,264 | €815,087 | +€52,823 | +6.9% |
| Equity | 10/15 | €449,830 | €484,656 | +€34,827 | +7.7% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Reserves | 13 | €425,830 | €460,656 | +€34,827 | +8.2% |
| Non-distributable reserves | 130/1 | €2,400 | €2,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €2,400 | €2,400 | = | 0.0% |
| Distributable reserves | 133 | €423,430 | €458,256 | +€34,827 | +8.2% |
| Amounts payable | 17/49 | €312,434 | €330,430 | +€17,996 | +5.8% |
| Amounts payable after more than one year | 17 | €3,205 | €300 | -€2,905 | -90.6% |
| Financial debts | 170/4 | €2,905 | €0 | -€2,905 | -100.0% |
| Other amounts payable | 178/9 | €300 | €300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €309,229 | €330,130 | +€20,902 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €4,675 | €944 | -€3,731 | -79.8% |
| Financial debts | 43 | €21,130 | €15,253 | -€5,877 | -27.8% |
| Credit institutions | 430/8 | €21,130 | €15,253 | -€5,877 | -27.8% |
| Trade debts | 44 | €89,381 | €138,985 | +€49,604 | +55.5% |
| Suppliers | 440/4 | €89,381 | €138,985 | +€49,604 | +55.5% |
| Taxes, remuneration and social security | 45 | €58,218 | €39,123 | -€19,095 | -32.8% |
| Taxes | 450/3 | €464 | €4,430 | +€3,966 | +854.4% |
| Remuneration and social security | 454/9 | €57,754 | €34,694 | -€23,061 | -39.9% |
| Other amounts payable | 47/48 | €135,825 | €135,825 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €316,314 | €295,278 | -€21,036 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,929 | €8,414 | +€1,484 | +21.4% |
| Other operating charges | 640/8 | €3,472 | €3,651 | +€179 | +5.1% |
| Gross operating margin | 9900 | €313,422 | €343,476 | +€30,055 | +9.6% |
| Operating profit (loss) | 9901 | -€13,294 | €36,133 | +€49,428 | |
| Financial income | 75/76B | €4,514 | €95 | -€4,420 | -97.9% |
| Recurring financial income | 75 | €4,514 | €95 | -€4,420 | -97.9% |
| Financial charges | 65/66B | €2,383 | €391 | -€1,992 | -83.6% |
| Recurring financial charges | 65 | €2,383 | €391 | -€1,992 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,163 | €35,837 | +€47,000 | |
| Income taxes | 67/77 | €0 | €1,010 | +€1,010 | |
| Profit (loss) for the period | 9904 | -€11,163 | €34,827 | +€45,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,163 | €34,827 | +€45,990 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.