D2 MANAGEMENT: 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.
D2 MANAGEMENT
Largest movements
- Cash +€16,963
up €16,963 (+100.5%), from €16,886 to €33,848
mainly Net result for the year (+€23,893) and Tax, wage and social debts (+€1,664)
- Deferred charges and accrued income +€774
up €774 (+35.3%), from €2,191 to €2,965
- Receivables within one year +€767
up €767 (+5.6%), from €13,596 to €14,363
of which Trade receivables: +€758
- Profit (loss) carried forward +€23,893
up €23,893 (+266.8%), from €8,954 to €32,848
- Trade debts -€6,947
down €6,947 (-77.8%), from €8,933 to €1,987
- Tax, wage and social debts +€1,664
up €1,664 (+12.7%), from €13,109 to €14,773
- Gross operating margin +€26,974
up €26,974 (+192.7%), from €13,995 to €40,968
- Taxes +€7,322
up €7,322 (+299.9%), from €2,441 to €9,764
- Other operating charges +€4,606
up €4,606 (+177.2%), from €2,599 to €7,205
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 | €32,673 | €51,177 | +€18,504 | +56.6% |
| Current assets | 29/58 | €32,673 | €51,177 | +€18,504 | +56.6% |
| Amounts receivable within one year | 40/41 | €13,596 | €14,363 | +€767 | +5.6% |
| Trade receivables | 40 | €13,596 | €14,355 | +€758 | +5.6% |
| Other amounts receivable | 41 | - | €9 | +€9 | |
| Cash at bank and in hand | 54/58 | €16,886 | €33,848 | +€16,963 | +100.5% |
| Deferred charges and accrued income | 490/1 | €2,191 | €2,965 | +€774 | +35.3% |
| Total equity and liabilities | 10/49 | €32,673 | €51,177 | +€18,504 | +56.6% |
| Equity | 10/15 | €10,454 | €34,348 | +€23,893 | +228.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,954 | €32,848 | +€23,893 | +266.8% |
| Amounts payable | 17/49 | €22,219 | €16,829 | -€5,390 | -24.3% |
| Amounts payable within one year | 42/48 | €22,219 | €16,829 | -€5,390 | -24.3% |
| Trade debts | 44 | €8,933 | €1,987 | -€6,947 | -77.8% |
| Suppliers | 440/4 | €8,933 | €1,987 | -€6,947 | -77.8% |
| Taxes, remuneration and social security | 45 | €13,109 | €14,773 | +€1,664 | +12.7% |
| Taxes | 450/3 | €13,109 | €14,773 | +€1,664 | +12.7% |
| Other amounts payable | 47/48 | €176 | €69 | -€107 | -60.8% |
| Other operating charges | 640/8 | €2,599 | €7,205 | +€4,606 | +177.2% |
| Gross operating margin | 9900 | €13,995 | €40,968 | +€26,974 | +192.7% |
| Operating profit (loss) | 9901 | €11,396 | €33,763 | +€22,368 | +196.3% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | - | €106 | +€106 | |
| Recurring financial charges | 65 | - | €106 | +€106 | |
| Profit (loss) for the period before taxes | 9903 | €11,396 | €33,657 | +€22,261 | +195.3% |
| Income taxes | 67/77 | €2,441 | €9,764 | +€7,322 | +299.9% |
| Profit (loss) for the period | 9904 | €8,954 | €23,893 | +€14,939 | +166.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,954 | €23,893 | +€14,939 | +166.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.