D & V - GESTION: 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 & V - GESTION
Largest movements
- Tangible fixed assets -€29,358
down €29,358 (-11.1%), from €265,278 to €235,921
- Cash +€27,238
up €27,238 (+146.1%), from €18,644 to €45,882
mainly Depreciation (+€28,689) and Net result for the year (+€16,604)
- Receivables within one year -€7,187
down €7,187 (-17.0%), from €42,213 to €35,026
of which Other amounts receivable: -€24,581
- Debts after one year -€22,097
down €22,097 (-24.3%), from €91,018 to €68,920
- Reserves +€14,000
up €14,000 (+52.0%), from €26,900 to €40,900
- Other debts -€10,492
down €10,492 (-6.6%), from €157,979 to €147,487
- Tax, wage and social debts +€6,525
up €6,525 (+34.2%), from €19,090 to €25,615
of which Taxes: +€10,021
- Gross operating margin +€39,437
up €39,437 (+71.1%), from €55,488 to €94,925
- Depreciation +€12,075
up €12,075 (+72.7%), from €16,614 to €28,689
- Financial charges +€10,749
up €10,749 (+840.3%), from €1,279 to €12,028
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 | €327,582 | €319,064 | -€8,517 | -2.6% |
| Fixed assets | 21/28 | €265,278 | €235,921 | -€29,358 | -11.1% |
| Tangible fixed assets | 22/27 | €265,278 | €235,921 | -€29,358 | -11.1% |
| Land and buildings | 22 | €191,087 | €178,533 | -€12,554 | -6.6% |
| Plant, machinery and equipment | 23 | €51,309 | €41,385 | -€9,924 | -19.3% |
| Furniture and vehicles | 24 | €22,882 | €16,002 | -€6,880 | -30.1% |
| Current assets | 29/58 | €62,304 | €83,144 | +€20,840 | +33.4% |
| Amounts receivable within one year | 40/41 | €42,213 | €35,026 | -€7,187 | -17.0% |
| Trade receivables | 40 | €16,988 | €34,381 | +€17,394 | +102.4% |
| Other amounts receivable | 41 | €25,225 | €644 | -€24,581 | -97.4% |
| Cash at bank and in hand | 54/58 | €18,644 | €45,882 | +€27,238 | +146.1% |
| Deferred charges and accrued income | 490/1 | €1,446 | €2,236 | +€790 | +54.6% |
| Total equity and liabilities | 10/49 | €327,582 | €319,064 | -€8,517 | -2.6% |
| Equity | 10/15 | €34,186 | €49,125 | +€14,938 | +43.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €26,900 | €40,900 | +€14,000 | +52.0% |
| Distributable reserves | 133 | €26,900 | €40,900 | +€14,000 | +52.0% |
| Profit (loss) carried forward | 14 | €286 | €1,225 | +€938 | +327.7% |
| Amounts payable | 17/49 | €293,396 | €269,940 | -€23,456 | -8.0% |
| Amounts payable after more than one year | 17 | €91,018 | €68,920 | -€22,097 | -24.3% |
| Financial debts | 170/4 | €91,018 | €68,920 | -€22,097 | -24.3% |
| Amounts payable within one year | 42/48 | €202,378 | €200,589 | -€1,788 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €20,608 | €21,590 | +€982 | +4.8% |
| Trade debts | 44 | €4,700 | €5,898 | +€1,197 | +25.5% |
| Suppliers | 440/4 | €4,700 | €5,898 | +€1,197 | +25.5% |
| Taxes, remuneration and social security | 45 | €19,090 | €25,615 | +€6,525 | +34.2% |
| Taxes | 450/3 | €13,844 | €23,865 | +€10,021 | +72.4% |
| Remuneration and social security | 454/9 | €5,246 | €1,750 | -€3,496 | -66.6% |
| Other amounts payable | 47/48 | €157,979 | €147,487 | -€10,492 | -6.6% |
| Accrued charges and deferred income | 492/3 | - | €430 | +€430 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,614 | €28,689 | +€12,075 | +72.7% |
| Other operating charges | 640/8 | €2,103 | €2,269 | +€166 | +7.9% |
| Non-recurring operating charges | 66A | - | €26,144 | +€26,144 | |
| Gross operating margin | 9900 | €55,488 | €94,925 | +€39,437 | +71.1% |
| Operating profit (loss) | 9901 | €36,771 | €37,824 | +€1,053 | +2.9% |
| Financial income | 75/76B | €127 | €604 | +€477 | +376.4% |
| Recurring financial income | 75 | €127 | €604 | +€477 | +376.4% |
| Financial charges | 65/66B | €1,279 | €12,028 | +€10,749 | +840.3% |
| Recurring financial charges | 65 | €1,279 | €12,028 | +€10,749 | +840.3% |
| Profit (loss) for the period before taxes | 9903 | €35,618 | €26,400 | -€9,218 | -25.9% |
| Income taxes | 67/77 | €9,273 | €9,796 | +€522 | +5.6% |
| Profit (loss) for the period | 9904 | €26,345 | €16,604 | -€9,741 | -37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,345 | €16,604 | -€9,741 | -37.0% |
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 10 October 2026 via checked.be.