DdS Law: 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.
DdS Law
Largest movements
- Tangible fixed assets -€8,539
down €8,539 (-39.1%), from €21,847 to €13,308
- Intangible fixed assets -€7,614
down €7,614 (-100.0%), from €7,614 to €0
- Receivables within one year +€7,132
up €7,132 (+12.7%), from €56,013 to €63,146
of which Trade receivables: +€6,530
- Cash -€6,614
down €6,614 (-23.1%), from €28,692 to €22,079
mainly Contributions, distributions and other (-€80,000) and Trade debts (-€7,450)
- Reserves -€24,181
down €24,181 (-52.5%), from €46,058 to €21,877
of which Distributable reserves: -€24,181
- Other debts +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Trade debts -€7,450
down €7,450 (-59.0%), from €12,630 to €5,180
- Current portion of long-term debt -€5,433
down €5,433 (-100.0%), from €5,433 to €0
- Gross operating margin +€16,527
up €16,527 (+22.3%), from €74,251 to €90,779
- Depreciation -€6,778
down €6,778 (-29.6%), from €22,931 to €16,153
- Taxes +€4,479
up €4,479 (+37.0%), from €12,103 to €16,583
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 | €144,732 | €128,241 | -€16,492 | -11.4% |
| Fixed assets | 21/28 | €33,061 | €16,908 | -€16,153 | -48.9% |
| Intangible fixed assets | 21 | €7,614 | €0 | -€7,614 | -100.0% |
| Tangible fixed assets | 22/27 | €21,847 | €13,308 | -€8,539 | -39.1% |
| Plant, machinery and equipment | 23 | €11,170 | €8,187 | -€2,983 | -26.7% |
| Furniture and vehicles | 24 | €3,113 | €0 | -€3,113 | -100.0% |
| Other tangible fixed assets | 26 | €7,564 | €5,121 | -€2,443 | -32.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €111,671 | €111,332 | -€339 | -0.3% |
| Amounts receivable after more than one year | 29 | €26,066 | €26,108 | +€43 | +0.2% |
| Other amounts receivable | 291 | €26,066 | €26,108 | +€43 | +0.2% |
| Amounts receivable within one year | 40/41 | €56,013 | €63,146 | +€7,132 | +12.7% |
| Trade receivables | 40 | €18,451 | €24,982 | +€6,530 | +35.4% |
| Other amounts receivable | 41 | €37,562 | €38,164 | +€602 | +1.6% |
| Cash at bank and in hand | 54/58 | €28,692 | €22,079 | -€6,614 | -23.1% |
| Deferred charges and accrued income | 490/1 | €900 | €0 | -€900 | -100.0% |
| Total equity and liabilities | 10/49 | €144,732 | €128,241 | -€16,492 | -11.4% |
| Equity | 10/15 | €64,658 | €40,477 | -€24,181 | -37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,058 | €21,877 | -€24,181 | -52.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €46,058 | €21,877 | -€24,181 | -52.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,075 | €87,764 | +€7,689 | +9.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €79,690 | €87,586 | +€7,895 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €5,433 | €0 | -€5,433 | -100.0% |
| Trade debts | 44 | €12,630 | €5,180 | -€7,450 | -59.0% |
| Suppliers | 440/4 | €12,630 | €5,180 | -€7,450 | -59.0% |
| Taxes, remuneration and social security | 45 | €1,628 | €2,406 | +€778 | +47.8% |
| Taxes | 450/3 | €1,628 | €2,323 | +€695 | +42.7% |
| Remuneration and social security | 454/9 | - | €83 | +€83 | |
| Other amounts payable | 47/48 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €384 | €178 | -€206 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,931 | €16,153 | -€6,778 | -29.6% |
| Other operating charges | 640/8 | €1,423 | €1,722 | +€299 | +21.0% |
| Gross operating margin | 9900 | €74,251 | €90,779 | +€16,527 | +22.3% |
| Operating profit (loss) | 9901 | €49,898 | €72,904 | +€23,006 | +46.1% |
| Financial income | 75/76B | €44 | €67 | +€23 | +52.9% |
| Recurring financial income | 75 | €44 | €67 | +€23 | +52.9% |
| Financial charges | 65/66B | €684 | €569 | -€115 | -16.8% |
| Recurring financial charges | 65 | €684 | €569 | -€115 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €49,257 | €72,402 | +€23,144 | +47.0% |
| Income taxes | 67/77 | €12,103 | €16,583 | +€4,479 | +37.0% |
| Profit (loss) for the period | 9904 | €37,154 | €55,819 | +€18,665 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,154 | €55,819 | +€18,665 | +50.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.