D'TYLE: 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'TYLE
Largest movements
- Tangible fixed assets -€153,682
down €153,682 (-5.1%), from €3.0m to €2.9m
of which Leasing and similar rights: -€134,443
- Stocks and contracts -€122,400
down €122,400 (-35.0%), from €349,694 to €227,294
- Cash +€110,386
up €110,386 (+131.5%), from €83,961 to €194,347
mainly Other debts (+€182,650) and Depreciation (+€147,596)
- Receivables within one year +€71,536
up €71,536 (+20.2%), from €353,526 to €425,062
of which Trade receivables: +€64,044
- Debts after one year -€374,340
down €374,340 (-12.8%), from €2.9m to €2.6m
- Other debts +€182,650
up €182,650 (+630.8%), from €28,954 to €211,604
- Reserves +€74,243
up €74,243 (+17.8%), from €416,726 to €490,969
of which Distributable reserves: +€74,243
- Other operating charges -€56,124
down €56,124 (-58.4%), from €96,031 to €39,907
- Staff costs -€37,028
down €37,028 (-15.7%), from €235,931 to €198,903
- Gross operating margin +€19,280
up €19,280 (+3.4%), from €562,237 to €581,517
- Financial charges -€14,718
down €14,718 (-10.0%), from €147,060 to €132,342
- Depreciation -€7,735
down €7,735 (-5.0%), from €155,331 to €147,596
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 | €3,859,048 | €3,764,127 | -€94,921 | -2.5% |
| Fixed assets | 21/28 | €3,037,623 | €2,883,307 | -€154,317 | -5.1% |
| Tangible fixed assets | 22/27 | €3,021,328 | €2,867,647 | -€153,682 | -5.1% |
| Land and buildings | 22 | €412,006 | €412,006 | = | 0.0% |
| Plant, machinery and equipment | 23 | €23,097 | €20,138 | -€2,959 | -12.8% |
| Furniture and vehicles | 24 | €31,441 | €15,161 | -€16,280 | -51.8% |
| Leasing and similar rights | 25 | €2,554,783 | €2,420,340 | -€134,443 | -5.3% |
| Financial fixed assets | 28 | €16,295 | €15,660 | -€635 | -3.9% |
| Current assets | 29/58 | €821,425 | €880,820 | +€59,395 | +7.2% |
| Stocks and contracts in progress | 3 | €349,694 | €227,294 | -€122,400 | -35.0% |
| Stocks | 30/36 | €349,694 | €227,294 | -€122,400 | -35.0% |
| Amounts receivable within one year | 40/41 | €353,526 | €425,062 | +€71,536 | +20.2% |
| Trade receivables | 40 | €267,292 | €331,336 | +€64,044 | +24.0% |
| Other amounts receivable | 41 | €86,234 | €93,726 | +€7,491 | +8.7% |
| Cash at bank and in hand | 54/58 | €83,961 | €194,347 | +€110,386 | +131.5% |
| Deferred charges and accrued income | 490/1 | €34,244 | €34,117 | -€127 | -0.4% |
| Total equity and liabilities | 10/49 | €3,859,048 | €3,764,127 | -€94,921 | -2.5% |
| Equity | 10/15 | €478,280 | €552,524 | +€74,243 | +15.5% |
| Contributions | 10/11 | €61,555 | €61,555 | = | 0.0% |
| Capital | 10 | €61,555 | €61,555 | = | 0.0% |
| Issued capital | 100 | €61,555 | €61,555 | = | 0.0% |
| Reserves | 13 | €416,726 | €490,969 | +€74,243 | +17.8% |
| Non-distributable reserves | 130/1 | €6,155 | €6,155 | = | 0.0% |
| Legal reserve | 130 | €6,155 | €6,155 | = | 0.0% |
| Tax-exempt reserves | 132 | €30,917 | €30,917 | = | 0.0% |
| Distributable reserves | 133 | €379,653 | €453,896 | +€74,243 | +19.6% |
| Amounts payable | 17/49 | €3,380,768 | €3,211,603 | -€169,165 | -5.0% |
| Amounts payable after more than one year | 17 | €2,927,955 | €2,553,615 | -€374,340 | -12.8% |
| Financial debts | 170/4 | €2,927,955 | €2,553,615 | -€374,340 | -12.8% |
| Amounts payable within one year | 42/48 | €452,482 | €657,926 | +€205,444 | +45.4% |
| Current portion of amounts payable after more than one year | 42 | €220,869 | €205,863 | -€15,005 | -6.8% |
| Trade debts | 44 | €194,205 | €212,374 | +€18,169 | +9.4% |
| Suppliers | 440/4 | €194,205 | €212,374 | +€18,169 | +9.4% |
| Taxes, remuneration and social security | 45 | €8,454 | €28,084 | +€19,630 | +232.2% |
| Taxes | 450/3 | €224 | €4,711 | +€4,487 | +2003.4% |
| Remuneration and social security | 454/9 | €8,230 | €23,373 | +€15,143 | +184.0% |
| Other amounts payable | 47/48 | €28,954 | €211,604 | +€182,650 | +630.8% |
| Accrued charges and deferred income | 492/3 | €331 | €63 | -€268 | -81.1% |
| Remuneration, social security and pensions | 62 | €235,931 | €198,903 | -€37,028 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,331 | €147,596 | -€7,735 | -5.0% |
| Other operating charges | 640/8 | €96,031 | €39,907 | -€56,124 | -58.4% |
| Gross operating margin | 9900 | €562,237 | €581,517 | +€19,280 | +3.4% |
| Operating profit (loss) | 9901 | €74,944 | €195,111 | +€120,167 | +160.3% |
| Financial income | 75/76B | €18,850 | €11,474 | -€7,376 | -39.1% |
| Recurring financial income | 75 | €18,850 | €11,474 | -€7,376 | -39.1% |
| Financial charges | 65/66B | €147,060 | €132,342 | -€14,718 | -10.0% |
| Recurring financial charges | 65 | €147,060 | €132,342 | -€14,718 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,266 | €74,243 | +€127,509 | |
| Income taxes | 67/77 | €307 | - | -€307 | |
| Profit (loss) for the period | 9904 | -€53,573 | €74,243 | +€127,816 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,573 | €74,243 | +€127,816 |
Source: filed annual accounts (NBB), fiscal years ended 30 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.