D VAN ROY: what changed
D VAN ROY
Largest movements
- Cash -€49,299
down €49,299 (-13.7%), from €360,517 to €311,219
mainly Trade debts (-€78,520) and Investment in fixed assets (net) (-€18,988)
- Tangible fixed assets +€18,964
new in 2025: €18,964
- Receivables within one year +€17,481
up €17,481 (+13.6%), from €128,156 to €145,636
of which Trade receivables: +€19,507
- Trade debts -€78,520
down €78,520 (-26.6%), from €294,793 to €216,273
- Profit (loss) carried forward +€61,511
up €61,511 (+134%), from €46,008 to €107,518
- Other debts +€11,004
up €11,004 (+118%), from €9,339 to €20,343
- Advances received -€9,527
no longer reported in 2025 (was €9,527)
- Gross operating margin +€22,453
up €22,453 (+13.1%), from €171,581 to €194,035
- Staff costs +€17,719
up €17,719 (+19.3%), from €91,900 to €109,619
- Taxes -€12,452
down €12,452 (-37.0%), from €33,639 to €21,187
- Financial income -€2,039
down €2,039 (-87.7%), from €2,326 to €287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €515,194 | €500,779 | -€14,414 | -2.8% |
| Fixed assets | 21/28 | - | €18,964 | +€18,964 | |
| Tangible fixed assets | 22/27 | - | €18,964 | +€18,964 | |
| Plant, machinery and equipment | 23 | - | €18,964 | +€18,964 | |
| Current assets | 29/58 | €515,194 | €481,815 | -€33,378 | -6.5% |
| Stocks and contracts in progress | 3 | €26,521 | €24,961 | -€1,560 | -5.9% |
| Stocks | 30/36 | €26,521 | €24,961 | -€1,560 | -5.9% |
| Amounts receivable within one year | 40/41 | €128,156 | €145,636 | +€17,481 | +13.6% |
| Trade receivables | 40 | €64,596 | €84,103 | +€19,507 | +30.2% |
| Other amounts receivable | 41 | €63,560 | €61,533 | -€2,027 | -3.2% |
| Cash at bank and in hand | 54/58 | €360,517 | €311,219 | -€49,299 | -13.7% |
| Total equity and liabilities | 10/49 | €515,194 | €500,779 | -€14,414 | -2.8% |
| Equity | 10/15 | €196,701 | €258,211 | +€61,511 | +31.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €138,293 | €138,293 | = | 0.0% |
| Distributable reserves | 133 | €138,293 | €138,293 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,008 | €107,518 | +€61,511 | +134% |
| Amounts payable | 17/49 | €318,493 | €242,568 | -€75,925 | -23.8% |
| Amounts payable within one year | 42/48 | €318,493 | €242,568 | -€75,925 | -23.8% |
| Trade debts | 44 | €294,793 | €216,273 | -€78,520 | -26.6% |
| Suppliers | 440/4 | €294,793 | €216,273 | -€78,520 | -26.6% |
| Advances received on contracts in progress | 46 | €9,527 | - | -€9,527 | |
| Taxes, remuneration and social security | 45 | €4,833 | €5,952 | +€1,119 | +23.1% |
| Taxes | 450/3 | - | €916 | +€916 | |
| Remuneration and social security | 454/9 | €4,833 | €5,036 | +€203 | +4.2% |
| Other amounts payable | 47/48 | €9,339 | €20,343 | +€11,004 | +118% |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €91,900 | €109,619 | +€17,719 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €24 | +€24 | |
| Other operating charges | 640/8 | €1,455 | €850 | -€605 | -41.6% |
| Gross operating margin | 9900 | €171,581 | €194,035 | +€22,453 | +13.1% |
| Operating profit (loss) | 9901 | €78,227 | €83,543 | +€5,316 | +6.8% |
| Financial income | 75/76B | €2,326 | €287 | -€2,039 | -87.7% |
| Recurring financial income | 75 | €2,326 | €287 | -€2,039 | -87.7% |
| Financial charges | 65/66B | €906 | €1,131 | +€225 | +24.9% |
| Recurring financial charges | 65 | €906 | €1,131 | +€225 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €79,646 | €82,698 | +€3,052 | +3.8% |
| Income taxes | 67/77 | €33,639 | €21,187 | -€12,452 | -37.0% |
| Profit (loss) for the period | 9904 | €46,008 | €61,511 | +€15,503 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,008 | €61,511 | +€15,503 | +33.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.