D3Management: 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.
D3Management
Largest movements
- Cash +€87,780
up €87,780 (+121%), from €72,610 to €160,390
mainly Net result for the year (+€71,328) and Receivables within one year (+€18,624)
- Receivables within one year -€18,624
down €18,624 (-27.4%), from €67,962 to €49,338
of which Trade receivables: -€19,879
- Deferred charges and accrued income +€3,790
up €3,790 (+14,610%), from €26 to €3,816
- Profit (loss) carried forward +€59,828
up €59,828 (+61.3%), from €97,629 to €157,457
- Trade debts +€5,976
new in 2025: €5,976
- Accrued charges and deferred income +€4,917
new in 2025: €4,917
- Gross operating margin +€60,400
up €60,400 (+123%), from €49,056 to €109,456
- Taxes +€17,871
up €17,871 (+160%), from €11,177 to €29,048
- Write-downs +€5,700
new in 2025: €5,700
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 | €145,752 | €216,853 | +€71,102 | +48.8% |
| Fixed assets | 21/28 | €5,154 | €3,309 | -€1,845 | -35.8% |
| Tangible fixed assets | 22/27 | €5,154 | €3,309 | -€1,845 | -35.8% |
| Plant, machinery and equipment | 23 | €811 | - | -€811 | |
| Furniture and vehicles | 24 | €4,342 | €3,309 | -€1,033 | -23.8% |
| Current assets | 29/58 | €140,598 | €213,545 | +€72,946 | +51.9% |
| Amounts receivable within one year | 40/41 | €67,962 | €49,338 | -€18,624 | -27.4% |
| Trade receivables | 40 | €67,900 | €48,021 | -€19,879 | -29.3% |
| Other amounts receivable | 41 | €63 | €1,318 | +€1,255 | +2,007% |
| Cash at bank and in hand | 54/58 | €72,610 | €160,390 | +€87,780 | +121% |
| Deferred charges and accrued income | 490/1 | €26 | €3,816 | +€3,790 | +14,610% |
| Total equity and liabilities | 10/49 | €145,752 | €216,853 | +€71,102 | +48.8% |
| Equity | 10/15 | €107,629 | €167,457 | +€59,828 | +55.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,629 | €157,457 | +€59,828 | +61.3% |
| Amounts payable | 17/49 | €38,123 | €49,396 | +€11,273 | +29.6% |
| Amounts payable within one year | 42/48 | €38,123 | €44,479 | +€6,356 | +16.7% |
| Trade debts | 44 | - | €5,976 | +€5,976 | |
| Suppliers | 440/4 | - | €5,976 | +€5,976 | |
| Taxes, remuneration and social security | 45 | €28,166 | €28,503 | +€337 | +1.2% |
| Taxes | 450/3 | €28,166 | €28,503 | +€337 | +1.2% |
| Other amounts payable | 47/48 | €9,957 | €10,000 | +€43 | +0.4% |
| Accrued charges and deferred income | 492/3 | - | €4,917 | +€4,917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,759 | €1,476 | -€283 | -16.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,700 | +€5,700 | |
| Other operating charges | 640/8 | €626 | €1,012 | +€385 | +61.5% |
| Gross operating margin | 9900 | €49,056 | €109,456 | +€60,400 | +123% |
| Operating profit (loss) | 9901 | €46,670 | €101,268 | +€54,598 | +117% |
| Financial income | 75/76B | €9 | €4 | -€5 | -56.0% |
| Recurring financial income | 75 | €9 | €4 | -€5 | -56.0% |
| Financial charges | 65/66B | €1,572 | €896 | -€675 | -43.0% |
| Recurring financial charges | 65 | €1,572 | €896 | -€675 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €45,108 | €100,376 | +€55,268 | +123% |
| Income taxes | 67/77 | €11,177 | €29,048 | +€17,871 | +160% |
| Profit (loss) for the period | 9904 | €33,931 | €71,328 | +€37,398 | +110% |
| Profit (loss) for the period to be appropriated | 9905 | €33,931 | €71,328 | +€37,398 | +110% |
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 24 October 2026 via checked.be.