D&U SCHILDERWERKEN: 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&U SCHILDERWERKEN
Largest movements
- Receivables within one year -€138,993
down €138,993 (-65.1%), from €213,430 to €74,438
of which Trade receivables: -€126,029
- Cash +€61,583
up €61,583 (+1,291%), from €4,771 to €66,354
mainly Receivables within one year (+€138,993) and Tax, wage and social debts (+€17,050)
- Tangible fixed assets +€9,607
up €9,607 (+28.5%), from €33,666 to €43,273
of which Leasing and similar rights: +€10,921
- Trade debts -€59,639
down €59,639 (-27.0%), from €220,636 to €160,997
- Short-term financial debts -€26,217
no longer reported in 2025 (was €26,217)
- Tax, wage and social debts +€17,050
up €17,050 (+206%), from €8,290 to €25,340
of which Taxes: +€18,847
- Gross operating margin -€20,264
down €20,264 (-44.6%), from €45,431 to €25,167
- Financial charges -€11,485
down €11,485 (-56.5%), from €20,336 to €8,851
- Write-downs -€3,953
no longer reported in 2025 (was €3,953)
- Financial income +€3,449
up €3,449 (+2,829%), from €122 to €3,571
- Depreciation +€3,297
up €3,297 (+27.2%), from €12,113 to €15,410
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.
Derived cash bridge
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 | €360,081 | €295,743 | -€64,338 | -17.9% |
| Fixed assets | 21/28 | €33,666 | €43,273 | +€9,607 | +28.5% |
| Tangible fixed assets | 22/27 | €33,666 | €43,273 | +€9,607 | +28.5% |
| Furniture and vehicles | 24 | €1,302 | €830 | -€472 | -36.3% |
| Leasing and similar rights | 25 | €28,818 | €39,739 | +€10,921 | +37.9% |
| Other tangible fixed assets | 26 | €3,546 | €2,704 | -€842 | -23.7% |
| Current assets | 29/58 | €326,415 | €252,470 | -€73,945 | -22.7% |
| Stocks and contracts in progress | 3 | €104,410 | €106,400 | +€1,990 | +1.9% |
| Contracts in progress | 37 | €104,410 | €106,400 | +€1,990 | +1.9% |
| Amounts receivable within one year | 40/41 | €213,430 | €74,438 | -€138,993 | -65.1% |
| Trade receivables | 40 | €195,884 | €69,856 | -€126,029 | -64.3% |
| Other amounts receivable | 41 | €17,546 | €4,582 | -€12,964 | -73.9% |
| Cash at bank and in hand | 54/58 | €4,771 | €66,354 | +€61,583 | +1,291% |
| Deferred charges and accrued income | 490/1 | €3,804 | €5,279 | +€1,475 | +38.8% |
| Total equity and liabilities | 10/49 | €360,081 | €295,743 | -€64,338 | -17.9% |
| Equity | 10/15 | €59,370 | €60,510 | +€1,139 | +1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €40,770 | €41,910 | +€1,139 | +2.8% |
| Distributable reserves | 133 | €40,770 | €41,910 | +€1,139 | +2.8% |
| Amounts payable | 17/49 | €300,711 | €235,233 | -€65,477 | -21.8% |
| Amounts payable after more than one year | 17 | €25,398 | €28,201 | +€2,803 | +11.0% |
| Financial debts | 170/4 | €25,398 | €28,201 | +€2,803 | +11.0% |
| Amounts payable within one year | 42/48 | €273,860 | €206,069 | -€67,791 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €17,792 | €18,358 | +€566 | +3.2% |
| Financial debts | 43 | €26,217 | - | -€26,217 | |
| Credit institutions | 430/8 | €26,217 | - | -€26,217 | |
| Trade debts | 44 | €220,636 | €160,997 | -€59,639 | -27.0% |
| Suppliers | 440/4 | €220,636 | €160,997 | -€59,639 | -27.0% |
| Taxes, remuneration and social security | 45 | €8,290 | €25,340 | +€17,050 | +206% |
| Taxes | 450/3 | €5,625 | €24,472 | +€18,847 | +335% |
| Remuneration and social security | 454/9 | €2,665 | €868 | -€1,797 | -67.4% |
| Other amounts payable | 47/48 | €924 | €1,374 | +€450 | +48.7% |
| Accrued charges and deferred income | 492/3 | €1,454 | €964 | -€490 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,113 | €15,410 | +€3,297 | +27.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,953 | - | -€3,953 | |
| Other operating charges | 640/8 | €622 | €1,420 | +€797 | +128% |
| Gross operating margin | 9900 | €45,431 | €25,167 | -€20,264 | -44.6% |
| Operating profit (loss) | 9901 | €28,743 | €8,337 | -€20,406 | -71.0% |
| Financial income | 75/76B | €122 | €3,571 | +€3,449 | +2,829% |
| Recurring financial income | 75 | €122 | €3,571 | +€3,449 | +2,829% |
| Financial charges | 65/66B | €20,336 | €8,851 | -€11,485 | -56.5% |
| Recurring financial charges | 65 | €20,336 | €8,851 | -€11,485 | -56.5% |
| Profit (loss) for the period before taxes | 9903 | €8,529 | €3,057 | -€5,472 | -64.2% |
| Income taxes | 67/77 | €2,430 | €1,918 | -€512 | -21.1% |
| Profit (loss) for the period | 9904 | €6,099 | €1,139 | -€4,959 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,099 | €1,139 | -€4,959 | -81.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.