D2D PARTNERS: 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.
D2D PARTNERS
Largest movements
- Receivables within one year +€17,385
up €17,385 (+21.5%), from €80,812 to €98,197
of which Trade receivables: +€15,522
- Tangible fixed assets -€14,516
down €14,516 (-46.8%), from €31,038 to €16,523
of which Furniture and vehicles: -€14,238
- Cash -€10,253
down €10,253 (-38.9%), from €26,384 to €16,132
mainly Contributions, distributions and other (-€40,650) and Tax, wage and social debts (-€33,385)
- Other debts +€39,000
new in 2025: €39,000
- Tax, wage and social debts -€33,385
down €33,385 (-57.9%), from €57,670 to €24,285
- Debts after one year -€12,210
down €12,210 (-85.6%), from €14,256 to €2,046
- Gross operating margin -€19,997
down €19,997 (-22.0%), from €91,066 to €71,068
- Taxes -€5,471
down €5,471 (-31.8%), from €17,217 to €11,746
- Financial charges +€1,369
up €1,369 (+218.9%), from €625 to €1,994
- Depreciation -€1,110
down €1,110 (-7.1%), from €15,626 to €14,516
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 | €140,067 | €132,651 | -€7,417 | -5.3% |
| Fixed assets | 21/28 | €31,038 | €16,523 | -€14,516 | -46.8% |
| Tangible fixed assets | 22/27 | €31,038 | €16,523 | -€14,516 | -46.8% |
| Plant, machinery and equipment | 23 | €1,104 | €826 | -€278 | -25.1% |
| Furniture and vehicles | 24 | €29,934 | €15,696 | -€14,238 | -47.6% |
| Current assets | 29/58 | €109,029 | €116,128 | +€7,099 | +6.5% |
| Amounts receivable within one year | 40/41 | €80,812 | €98,197 | +€17,385 | +21.5% |
| Trade receivables | 40 | €11,357 | €26,879 | +€15,522 | +136.7% |
| Other amounts receivable | 41 | €69,455 | €71,318 | +€1,864 | +2.7% |
| Cash at bank and in hand | 54/58 | €26,384 | €16,132 | -€10,253 | -38.9% |
| Deferred charges and accrued income | 490/1 | €1,833 | €1,799 | -€34 | -1.9% |
| Total equity and liabilities | 10/49 | €140,067 | €132,651 | -€7,417 | -5.3% |
| Equity | 10/15 | €54,039 | €54,109 | +€69 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €53,000 | = | 0.0% |
| Distributable reserves | 133 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39 | €109 | +€69 | +176.9% |
| Amounts payable | 17/49 | €86,028 | €78,542 | -€7,486 | -8.7% |
| Amounts payable after more than one year | 17 | €14,256 | €2,046 | -€12,210 | -85.6% |
| Financial debts | 170/4 | €14,256 | €2,046 | -€12,210 | -85.6% |
| Amounts payable within one year | 42/48 | €71,772 | €76,495 | +€4,723 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €12,094 | €12,210 | +€115 | +1.0% |
| Trade debts | 44 | €2,007 | €1,001 | -€1,007 | -50.2% |
| Suppliers | 440/4 | €2,007 | €1,001 | -€1,007 | -50.2% |
| Taxes, remuneration and social security | 45 | €57,670 | €24,285 | -€33,385 | -57.9% |
| Taxes | 450/3 | €57,670 | €24,285 | -€33,385 | -57.9% |
| Other amounts payable | 47/48 | - | €39,000 | +€39,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,626 | €14,516 | -€1,110 | -7.1% |
| Other operating charges | 640/8 | €2,283 | €2,092 | -€190 | -8.3% |
| Gross operating margin | 9900 | €91,066 | €71,068 | -€19,997 | -22.0% |
| Operating profit (loss) | 9901 | €73,157 | €54,460 | -€18,697 | -25.6% |
| Financial income | 75/76B | €24 | - | -€24 | |
| Recurring financial income | 75 | €24 | - | -€24 | |
| Financial charges | 65/66B | €625 | €1,994 | +€1,369 | +218.9% |
| Recurring financial charges | 65 | €625 | €1,994 | +€1,369 | +218.9% |
| Profit (loss) for the period before taxes | 9903 | €72,556 | €52,466 | -€20,090 | -27.7% |
| Income taxes | 67/77 | €17,217 | €11,746 | -€5,471 | -31.8% |
| Profit (loss) for the period | 9904 | €55,339 | €40,719 | -€14,619 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €55,339 | €40,719 | -€14,619 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.