D3V: 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.
D3V
Largest movements
- Cash +€342,334
up €342,334 (+95.8%), from €357,318 to €699,652
mainly Net result for the year (+€524,569) and Depreciation (+€146,522)
- Receivables within one year -€69,666
down €69,666 (-10.6%), from €655,058 to €585,392
of which Trade receivables: -€72,303
- Intangible fixed assets -€49,589
down €49,589 (-18.7%), from €264,828 to €215,239
- Tangible fixed assets -€36,621
down €36,621 (-5.7%), from €644,448 to €607,828
of which Plant, machinery and equipment: -€52,757
- Other debts +€102,302
up €102,302 (+20.0%), from €512,418 to €614,719
- Accrued charges and deferred income +€100,000
new in 2025: €100,000
- Trade debts -€63,505
down €63,505 (-46.3%), from €137,058 to €73,553
- Reserves +€30,000
up €30,000 (+3.8%), from €781,192 to €811,192
of which Distributable reserves: +€30,000
- Tax, wage and social debts +€26,824
up €26,824 (+12.6%), from €212,346 to €239,170
of which Remuneration and social security: +€20,476
- Gross operating margin +€257,229
up €257,229 (+16.3%), from €1.6m to €1.8m
- Staff costs +€40,618
up €40,618 (+4.1%), from €998,540 to €1.0m
- Other operating charges -€29,783
down €29,783 (-63.6%), from €46,841 to €17,058
- Taxes +€26,314
up €26,314 (+34.3%), from €76,723 to €103,037
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 | €2,181,026 | €2,371,216 | +€190,190 | +8.7% |
| Fixed assets | 21/28 | €909,284 | €824,074 | -€85,210 | -9.4% |
| Intangible fixed assets | 21 | €264,828 | €215,239 | -€49,589 | -18.7% |
| Tangible fixed assets | 22/27 | €644,448 | €607,828 | -€36,621 | -5.7% |
| Land and buildings | 22 | €362,569 | €355,988 | -€6,581 | -1.8% |
| Plant, machinery and equipment | 23 | €193,644 | €140,887 | -€52,757 | -27.2% |
| Furniture and vehicles | 24 | €88,235 | €110,953 | +€22,717 | +25.7% |
| Financial fixed assets | 28 | €8 | €1,008 | +€1,000 | +12091.9% |
| Current assets | 29/58 | €1,271,742 | €1,547,142 | +€275,400 | +21.7% |
| Stocks and contracts in progress | 3 | €20,854 | €25,721 | +€4,868 | +23.3% |
| Stocks | 30/36 | €20,854 | €25,721 | +€4,868 | +23.3% |
| Amounts receivable within one year | 40/41 | €655,058 | €585,392 | -€69,666 | -10.6% |
| Trade receivables | 40 | €655,058 | €582,754 | -€72,303 | -11.0% |
| Other amounts receivable | 41 | - | €2,637 | +€2,637 | |
| Current investments | 50/53 | €231,266 | €231,266 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €357,318 | €699,652 | +€342,334 | +95.8% |
| Deferred charges and accrued income | 490/1 | €7,246 | €5,110 | -€2,136 | -29.5% |
| Total equity and liabilities | 10/49 | €2,181,026 | €2,371,216 | +€190,190 | +8.7% |
| Equity | 10/15 | €1,319,204 | €1,343,774 | +€24,569 | +1.9% |
| Contributions | 10/11 | €499,500 | €499,500 | = | 0.0% |
| Capital | 10 | €499,500 | €499,500 | = | 0.0% |
| Issued capital | 100 | €499,500 | €499,500 | = | 0.0% |
| Revaluation surpluses | 12 | €28,059 | €28,059 | = | 0.0% |
| Reserves | 13 | €781,192 | €811,192 | +€30,000 | +3.8% |
| Non-distributable reserves | 130/1 | €49,950 | €49,950 | = | 0.0% |
| Legal reserve | 130 | €49,950 | €49,950 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,242 | €1,242 | = | 0.0% |
| Distributable reserves | 133 | €730,000 | €760,000 | +€30,000 | +4.1% |
| Profit (loss) carried forward | 14 | €10,453 | €5,022 | -€5,431 | -52.0% |
| Amounts payable | 17/49 | €861,821 | €1,027,442 | +€165,621 | +19.2% |
| Amounts payable within one year | 42/48 | €861,821 | €927,442 | +€65,621 | +7.6% |
| Trade debts | 44 | €137,058 | €73,553 | -€63,505 | -46.3% |
| Suppliers | 440/4 | €137,058 | €73,553 | -€63,505 | -46.3% |
| Taxes, remuneration and social security | 45 | €212,346 | €239,170 | +€26,824 | +12.6% |
| Taxes | 450/3 | €80,679 | €87,027 | +€6,347 | +7.9% |
| Remuneration and social security | 454/9 | €131,667 | €152,143 | +€20,476 | +15.6% |
| Other amounts payable | 47/48 | €512,418 | €614,719 | +€102,302 | +20.0% |
| Accrued charges and deferred income | 492/3 | - | €100,000 | +€100,000 | |
| Non-recurring operating income | 76A | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €998,540 | €1,039,157 | +€40,618 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,871 | €146,522 | -€1,349 | -0.9% |
| Other operating charges | 640/8 | €46,841 | €17,058 | -€29,783 | -63.6% |
| Non-recurring operating charges | 66A | - | €489 | +€489 | |
| Gross operating margin | 9900 | €1,578,416 | €1,835,645 | +€257,229 | +16.3% |
| Operating profit (loss) | 9901 | €385,164 | €632,418 | +€247,254 | +64.2% |
| Financial income | 75/76B | €12,643 | €6,834 | -€5,808 | -45.9% |
| Recurring financial income | 75 | €12,643 | €6,834 | -€5,808 | -45.9% |
| Financial charges | 65/66B | €5,138 | €11,646 | +€6,508 | +126.7% |
| Recurring financial charges | 65 | €5,138 | €11,646 | +€6,508 | +126.7% |
| Profit (loss) for the period before taxes | 9903 | €392,668 | €627,606 | +€234,938 | +59.8% |
| Income taxes | 67/77 | €76,723 | €103,037 | +€26,314 | +34.3% |
| Profit (loss) for the period | 9904 | €315,946 | €524,569 | +€208,624 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €315,946 | €524,569 | +€208,624 | +66.0% |
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.