DAS LADDERS: 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.
DAS LADDERS
Largest movements
- Receivables within one year -€48,023
down €48,023 (-7.3%), from €657,056 to €609,032
of which Other amounts receivable: -€43,545
- Tangible fixed assets -€39,030
down €39,030 (-29.0%), from €134,812 to €95,782
of which Plant, machinery and equipment: -€29,497
- Other debts -€111,733
down €111,733 (-46.8%), from €238,887 to €127,154
- Profit (loss) carried forward +€35,704
up €35,704, from -€6,360 to €29,344
- Reserves -€9,116
down €9,116 (-21.1%), from €43,300 to €34,184
- Depreciation -€18,864
down €18,864 (-34.6%), from €54,521 to €35,656
- Gross operating margin +€4,840
up €4,840 (+8.8%), from €55,041 to €59,882
- Write-downs +€4,509
no longer reported in 2025 (was -€4,509)
- Financial charges -€1,032
down €1,032 (-55.7%), from €1,853 to €820
- Other operating charges -€954
down €954 (-44.9%), from €2,123 to €1,169
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €796,450 | €707,890 | -€88,560 | -11.1% |
| Fixed assets | 21/28 | €134,812 | €95,782 | -€39,030 | -29.0% |
| Tangible fixed assets | 22/27 | €134,812 | €95,782 | -€39,030 | -29.0% |
| Plant, machinery and equipment | 23 | €110,822 | €81,326 | -€29,497 | -26.6% |
| Furniture and vehicles | 24 | €23,990 | €14,456 | -€9,534 | -39.7% |
| Current assets | 29/58 | €661,638 | €612,108 | -€49,530 | -7.5% |
| Amounts receivable within one year | 40/41 | €657,056 | €609,032 | -€48,023 | -7.3% |
| Trade receivables | 40 | €137,372 | €132,894 | -€4,478 | -3.3% |
| Other amounts receivable | 41 | €519,684 | €476,139 | -€43,545 | -8.4% |
| Deferred charges and accrued income | 490/1 | €4,582 | €3,075 | -€1,507 | -32.9% |
| Total equity and liabilities | 10/49 | €796,450 | €707,890 | -€88,560 | -11.1% |
| Equity | 10/15 | €518,940 | €545,528 | +€26,588 | +5.1% |
| Contributions | 10/11 | €482,000 | €482,000 | = | 0.0% |
| Reserves | 13 | €43,300 | €34,184 | -€9,116 | -21.1% |
| Tax-exempt reserves | 132 | €43,300 | €34,184 | -€9,116 | -21.1% |
| Profit (loss) carried forward | 14 | -€6,360 | €29,344 | +€35,704 | |
| Provisions and deferred taxes | 16 | €22,306 | €17,610 | -€4,696 | -21.1% |
| Deferred taxes | 168 | €22,306 | €17,610 | -€4,696 | -21.1% |
| Amounts payable | 17/49 | €255,204 | €144,752 | -€110,452 | -43.3% |
| Amounts payable within one year | 42/48 | €255,204 | €144,752 | -€110,452 | -43.3% |
| Trade debts | 44 | - | €3,938 | +€3,938 | |
| Suppliers | 440/4 | - | €3,938 | +€3,938 | |
| Taxes, remuneration and social security | 45 | €16,317 | €13,660 | -€2,657 | -16.3% |
| Taxes | 450/3 | €16,317 | €13,660 | -€2,657 | -16.3% |
| Other amounts payable | 47/48 | €238,887 | €127,154 | -€111,733 | -46.8% |
| Non-recurring operating income | 76A | - | €14,254 | +€14,254 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,521 | €35,656 | -€18,864 | -34.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,509 | - | +€4,509 | |
| Other operating charges | 640/8 | €2,123 | €1,169 | -€954 | -44.9% |
| Non-recurring operating charges | 66A | - | €344 | +€344 | |
| Gross operating margin | 9900 | €55,041 | €59,882 | +€4,840 | +8.8% |
| Operating profit (loss) | 9901 | €2,906 | €22,712 | +€19,806 | +681.5% |
| Financial charges | 65/66B | €1,853 | €820 | -€1,032 | -55.7% |
| Recurring financial charges | 65 | €1,853 | €820 | -€1,032 | -55.7% |
| Profit (loss) for the period before taxes | 9903 | €1,054 | €21,892 | +€20,838 | +1978.0% |
| Transfer from deferred taxes | 780 | €4,696 | €4,696 | = | 0.0% |
| Profit (loss) for the period | 9904 | €5,750 | €26,588 | +€20,838 | +362.4% |
| Transfer from tax-exempt reserves | 789 | €9,116 | €9,116 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,865 | €35,704 | +€20,838 | +140.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.