DDD: 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.
DDD
Largest movements
- Tangible fixed assets +€61,121
up €61,121 (+66.0%), from €92,670 to €153,791
of which Plant, machinery and equipment: +€56,795
- Stocks and contracts -€48,563
down €48,563 (-20.8%), from €233,848 to €185,285
- Cash -€9,237
down €9,237 (-8.1%), from €113,765 to €104,528
mainly Investment in fixed assets (net) (-€102,452) and Other debts (-€64,567)
- Other debts -€64,567
down €64,567 (-49.3%), from €131,000 to €66,433
- Debts after one year +€37,667
up €37,667 (+483%), from €7,800 to €45,467
- Reserves +€36,133
up €36,133 (+44.4%), from €81,450 to €117,583
- Profit (loss) carried forward +€26,760
no longer reported in 2025 (was -€26,760)
- Trade debts -€14,124
down €14,124 (-6.7%), from €210,701 to €196,577
- Gross operating margin +€26,525
up €26,525 (+31.6%), from €84,065 to €110,590
- Depreciation -€13,231
down €13,231 (-24.8%), from €53,442 to €40,211
- Financial income -€7,304
down €7,304 (-67.1%), from €10,881 to €3,577
- Financial charges +€1,533
up €1,533 (+49.4%), from €3,103 to €4,636
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 | €568,454 | €580,662 | +€12,208 | +2.1% |
| Fixed assets | 21/28 | €92,670 | €154,912 | +€62,242 | +67.2% |
| Intangible fixed assets | 21 | - | €1,121 | +€1,121 | |
| Tangible fixed assets | 22/27 | €92,670 | €153,791 | +€61,121 | +66.0% |
| Land and buildings | 22 | €1,141 | €31,766 | +€30,625 | +2,683% |
| Plant, machinery and equipment | 23 | €19,756 | €76,551 | +€56,795 | +287% |
| Furniture and vehicles | 24 | €71,773 | €45,474 | -€26,299 | -36.6% |
| Current assets | 29/58 | €475,784 | €425,750 | -€50,034 | -10.5% |
| Stocks and contracts in progress | 3 | €233,848 | €185,285 | -€48,563 | -20.8% |
| Stocks | 30/36 | €233,848 | €185,285 | -€48,563 | -20.8% |
| Amounts receivable within one year | 40/41 | €128,171 | €130,759 | +€2,588 | +2.0% |
| Trade receivables | 40 | €6,590 | €4,562 | -€2,028 | -30.8% |
| Other amounts receivable | 41 | €121,581 | €126,197 | +€4,616 | +3.8% |
| Cash at bank and in hand | 54/58 | €113,765 | €104,528 | -€9,237 | -8.1% |
| Deferred charges and accrued income | 490/1 | - | €5,178 | +€5,178 | |
| Total equity and liabilities | 10/49 | €568,454 | €580,662 | +€12,208 | +2.1% |
| Equity | 10/15 | €179,690 | €242,583 | +€62,893 | +35.0% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €81,450 | €117,583 | +€36,133 | +44.4% |
| Distributable reserves | 133 | €81,450 | €117,583 | +€36,133 | +44.4% |
| Profit (loss) carried forward | 14 | -€26,760 | - | +€26,760 | |
| Amounts payable | 17/49 | €388,764 | €338,079 | -€50,685 | -13.0% |
| Amounts payable after more than one year | 17 | €7,800 | €45,467 | +€37,667 | +483% |
| Financial debts | 170/4 | €7,800 | €45,467 | +€37,667 | +483% |
| Amounts payable within one year | 42/48 | €380,964 | €289,962 | -€91,002 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €31,200 | €20,200 | -€11,000 | -35.3% |
| Trade debts | 44 | €210,701 | €196,577 | -€14,124 | -6.7% |
| Suppliers | 440/4 | €210,701 | €196,577 | -€14,124 | -6.7% |
| Taxes, remuneration and social security | 45 | €8,063 | €6,752 | -€1,310 | -16.3% |
| Taxes | 450/3 | €8,063 | €6,752 | -€1,310 | -16.3% |
| Other amounts payable | 47/48 | €131,000 | €66,433 | -€64,567 | -49.3% |
| Accrued charges and deferred income | 492/3 | - | €2,650 | +€2,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,442 | €40,211 | -€13,231 | -24.8% |
| Other operating charges | 640/8 | €3,788 | €2,817 | -€971 | -25.6% |
| Gross operating margin | 9900 | €84,065 | €110,590 | +€26,525 | +31.6% |
| Operating profit (loss) | 9901 | €26,835 | €67,562 | +€40,727 | +152% |
| Financial income | 75/76B | €10,881 | €3,577 | -€7,304 | -67.1% |
| Recurring financial income | 75 | €10,881 | €3,577 | -€7,304 | -67.1% |
| Financial charges | 65/66B | €3,103 | €4,636 | +€1,533 | +49.4% |
| Recurring financial charges | 65 | €3,103 | €4,636 | +€1,533 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | €34,613 | €66,503 | +€31,890 | +92.1% |
| Income taxes | 67/77 | €3,145 | €3,610 | +€465 | +14.8% |
| Profit (loss) for the period | 9904 | €31,468 | €62,893 | +€31,425 | +99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,468 | €62,893 | +€31,425 | +99.9% |
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 22 October 2026 via checked.be.