DDL: 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.
DDL
Largest movements
- Receivables within one year -€2.1m
down €2.1m (-65.3%), from €3.2m to €1.1m
of which Trade receivables: -€3.1m
- Cash -€122,094
down €122,094 (-66.6%), from €183,459 to €61,364
mainly Trade debts (-€1.6m) and Debts after one year (-€545,000)
- Tangible fixed assets -€71,536
down €71,536 (-3.4%), from €2.1m to €2.1m
of which Land and buildings: -€68,235
- Trade debts -€1.6m
down €1.6m (-94.9%), from €1.6m to €83,483
- Debts after one year -€545,000
down €545,000 (-87.0%), from €626,250 to €81,250
of which Trade debts: -€520,000
- Tax, wage and social debts -€173,329
down €173,329 (-87.4%), from €198,416 to €25,087
of which Taxes: -€143,204
- Gross operating margin -€851,576
down €851,576 (-83.4%), from €1.0m to €169,088
- Staff costs -€286,755
down €286,755, from €258,683 to -€28,071
- Taxes -€132,437
down €132,437 (-77.8%), from €170,195 to €37,758
- Financial income +€46,560
up €46,560 (+377.5%), from €12,333 to €58,893
- Financial charges -€11,798
down €11,798 (-57.8%), from €20,406 to €8,608
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 | €6,351,765 | €4,033,956 | -€2.3m | -36.5% |
| Fixed assets | 21/28 | €2,133,293 | €2,058,156 | -€75,137 | -3.5% |
| Tangible fixed assets | 22/27 | €2,129,692 | €2,058,156 | -€71,536 | -3.4% |
| Land and buildings | 22 | €2,122,881 | €2,054,646 | -€68,235 | -3.2% |
| Furniture and vehicles | 24 | €6,811 | €3,510 | -€3,301 | -48.5% |
| Financial fixed assets | 28 | €3,601 | €0 | -€3,601 | -100.0% |
| Current assets | 29/58 | €4,218,472 | €1,975,801 | -€2.2m | -53.2% |
| Amounts receivable within one year | 40/41 | €3,223,369 | €1,118,442 | -€2.1m | -65.3% |
| Trade receivables | 40 | €3,067,237 | €1,481 | -€3.1m | -100.0% |
| Other amounts receivable | 41 | €156,132 | €1,116,961 | +€960,829 | +615.4% |
| Current investments | 50/53 | €799,495 | €788,350 | -€11,145 | -1.4% |
| Cash at bank and in hand | 54/58 | €183,459 | €61,364 | -€122,094 | -66.6% |
| Deferred charges and accrued income | 490/1 | €12,150 | €7,645 | -€4,505 | -37.1% |
| Total equity and liabilities | 10/49 | €6,351,765 | €4,033,956 | -€2.3m | -36.5% |
| Equity | 10/15 | €3,728,908 | €3,687,815 | -€41,093 | -1.1% |
| Contributions | 10/11 | €126,426 | €126,426 | = | 0.0% |
| Outside capital | 11 | €126,426 | - | -€126,426 | |
| Other | 1109/19 | €126,426 | - | -€126,426 | |
| Revaluation surpluses | 12 | €208,779 | €208,779 | = | 0.0% |
| Reserves | 13 | €3,393,703 | €3,352,610 | -€41,093 | -1.2% |
| Distributable reserves | 133 | €3,393,703 | €3,352,610 | -€41,093 | -1.2% |
| Amounts payable | 17/49 | €2,622,857 | €346,142 | -€2.3m | -86.8% |
| Amounts payable after more than one year | 17 | €626,250 | €81,250 | -€545,000 | -87.0% |
| Financial debts | 170/4 | €106,250 | €81,250 | -€25,000 | -23.5% |
| Trade debts | 175 | €520,000 | €0 | -€520,000 | -100.0% |
| Amounts payable within one year | 42/48 | €1,996,024 | €264,308 | -€1.7m | -86.8% |
| Current portion of amounts payable after more than one year | 42 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €1,635,308 | €83,483 | -€1.6m | -94.9% |
| Suppliers | 440/4 | €1,635,308 | €83,483 | -€1.6m | -94.9% |
| Taxes, remuneration and social security | 45 | €198,416 | €25,087 | -€173,329 | -87.4% |
| Taxes | 450/3 | €168,290 | €25,087 | -€143,204 | -85.1% |
| Remuneration and social security | 454/9 | €30,126 | €0 | -€30,126 | -100.0% |
| Other amounts payable | 47/48 | €137,300 | €130,739 | -€6,561 | -4.8% |
| Accrued charges and deferred income | 492/3 | €583 | €583 | = | 0.0% |
| Non-recurring operating income | 76A | €12,500 | €0 | -€12,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €258,683 | -€28,071 | -€286,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,960 | €71,536 | -€424 | -0.6% |
| Other operating charges | 640/8 | €34,819 | €34,107 | -€712 | -2.0% |
| Non-recurring operating charges | 66A | - | €145,137 | +€145,137 | |
| Gross operating margin | 9900 | €1,020,664 | €169,088 | -€851,576 | -83.4% |
| Operating profit (loss) | 9901 | €655,202 | -€53,620 | -€708,822 | |
| Financial income | 75/76B | €12,333 | €58,893 | +€46,560 | +377.5% |
| Recurring financial income | 75 | €12,333 | €58,893 | +€46,560 | +377.5% |
| Financial charges | 65/66B | €20,406 | €8,608 | -€11,798 | -57.8% |
| Recurring financial charges | 65 | €20,406 | €8,608 | -€11,798 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €647,128 | -€3,335 | -€650,464 | |
| Income taxes | 67/77 | €170,195 | €37,758 | -€132,437 | -77.8% |
| Profit (loss) for the period | 9904 | €476,934 | -€41,093 | -€518,027 | |
| Profit (loss) for the period to be appropriated | 9905 | €476,934 | -€41,093 | -€518,027 |
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 30 September 2026 via checked.be.