D-UNDERWEAR: 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-UNDERWEAR
Largest movements
- Receivables after one year -€51,233
down €51,233 (-33.3%), from €153,704 to €102,472
- Current investments +€39,555
up €39,555 (+39.2%), from €100,976 to €140,531
- Cash -€19,952
down €19,952 (-21.1%), from €94,516 to €74,564
mainly Contributions, distributions and other (-€58,066) and Current investments (-€39,555)
- Receivables within one year -€7,162
down €7,162 (-81.4%), from €8,797 to €1,635
of which Trade receivables: -€6,572
- Reserves -€52,247
down €52,247 (-16.1%), from €325,210 to €272,962
- Other debts +€8,203
up €8,203 (+58.6%), from €14,001 to €22,204
- Tax, wage and social debts +€4,016
up €4,016 (+2,636%), from €152 to €4,168
of which Remuneration and social security: +€3,698
- Gross operating margin -€4,054
down €4,054 (-50.7%), from €8,003 to €3,949
- Taxes -€1,286
down €1,286 (-35.6%), from €3,610 to €2,323
- Financial charges +€787
up €787 (+150%), from €525 to €1,312
- Financial income +€459
up €459 (+7.8%), from €5,870 to €6,329
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 | €358,584 | €319,402 | -€39,181 | -10.9% |
| Fixed assets | 21/28 | €358 | €0 | -€358 | -100% |
| Tangible fixed assets | 22/27 | €358 | €0 | -€358 | -100% |
| Furniture and vehicles | 24 | €358 | €0 | -€358 | -100% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €358,226 | €319,402 | -€38,823 | -10.8% |
| Amounts receivable after more than one year | 29 | €153,704 | €102,472 | -€51,233 | -33.3% |
| Other amounts receivable | 291 | €153,704 | €102,472 | -€51,233 | -33.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €8,797 | €1,635 | -€7,162 | -81.4% |
| Trade receivables | 40 | €6,572 | €0 | -€6,572 | -100% |
| Other amounts receivable | 41 | €2,226 | €1,635 | -€591 | -26.5% |
| Current investments | 50/53 | €100,976 | €140,531 | +€39,555 | +39.2% |
| Cash at bank and in hand | 54/58 | €94,516 | €74,564 | -€19,952 | -21.1% |
| Deferred charges and accrued income | 490/1 | €232 | €201 | -€31 | -13.5% |
| Total equity and liabilities | 10/49 | €358,584 | €319,402 | -€39,181 | -10.9% |
| Equity | 10/15 | €344,210 | €291,962 | -€52,247 | -15.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €325,210 | €272,962 | -€52,247 | -16.1% |
| Distributable reserves | 133 | €325,210 | €272,962 | -€52,247 | -16.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,374 | €27,440 | +€13,066 | +90.9% |
| Amounts payable within one year | 42/48 | €14,296 | €27,440 | +€13,144 | +91.9% |
| Trade debts | 44 | €142 | €1,068 | +€925 | +650% |
| Suppliers | 440/4 | €142 | €1,068 | +€925 | +650% |
| Taxes, remuneration and social security | 45 | €152 | €4,168 | +€4,016 | +2,636% |
| Taxes | 450/3 | €0 | €317 | +€317 | |
| Remuneration and social security | 454/9 | €152 | €3,851 | +€3,698 | +2,428% |
| Other amounts payable | 47/48 | €14,001 | €22,204 | +€8,203 | +58.6% |
| Accrued charges and deferred income | 492/3 | €78 | €0 | -€78 | -100% |
| Non-recurring operating income | 76A | €8,876 | €0 | -€8,876 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €358 | -€13 | -3.6% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €8,003 | €3,949 | -€4,054 | -50.7% |
| Operating profit (loss) | 9901 | €7,181 | €3,125 | -€4,055 | -56.5% |
| Financial income | 75/76B | €5,870 | €6,329 | +€459 | +7.8% |
| Recurring financial income | 75 | €5,870 | €6,329 | +€459 | +7.8% |
| Financial charges | 65/66B | €525 | €1,312 | +€787 | +150% |
| Recurring financial charges | 65 | €525 | €1,312 | +€787 | +150% |
| Profit (loss) for the period before taxes | 9903 | €12,526 | €8,142 | -€4,384 | -35.0% |
| Income taxes | 67/77 | €3,610 | €2,323 | -€1,286 | -35.6% |
| Profit (loss) for the period | 9904 | €8,916 | €5,819 | -€3,097 | -34.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,916 | €5,819 | -€3,097 | -34.7% |
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 18 October 2026 via checked.be.