DDVD: 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.
DDVD
Largest movements
- Cash -€33,975
down €33,975 (-25.1%), from €135,141 to €101,166
mainly Receivables within one year (-€27,121) and Debts after one year (-€24,396)
- Receivables within one year +€27,121
up €27,121 (+21.0%), from €129,150 to €156,271
of which Trade receivables: +€27,689
- Tangible fixed assets -€15,463
down €15,463 (-10.5%), from €147,111 to €131,649
of which Land and buildings: -€14,644
- Debts after one year -€24,396
down €24,396 (-20.6%), from €118,304 to €93,908
- Other debts -€18,682
down €18,682 (-83.7%), from €22,323 to €3,641
- Trade debts +€10,794
up €10,794 (+15.6%), from €69,228 to €80,022
- Profit (loss) carried forward +€10,531
up €10,531 (+7.9%), from €132,724 to €143,255
- Gross operating margin -€53,425
down €53,425 (-32.5%), from €164,162 to €110,737
- Staff costs -€15,344
down €15,344 (-19.5%), from €78,829 to €63,485
- Write-downs -€13,908
no longer reported in 2025 (was €13,908)
- Financial charges -€12,761
down €12,761 (-67.6%), from €18,877 to €6,116
- Taxes -€3,508
down €3,508 (-43.4%), from €8,079 to €4,571
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 | €484,349 | €462,155 | -€22,193 | -4.6% |
| Fixed assets | 21/28 | €147,111 | €131,649 | -€15,463 | -10.5% |
| Tangible fixed assets | 22/27 | €147,111 | €131,649 | -€15,463 | -10.5% |
| Land and buildings | 22 | €145,614 | €130,970 | -€14,644 | -10.1% |
| Plant, machinery and equipment | 23 | €1,498 | €679 | -€819 | -54.7% |
| Current assets | 29/58 | €337,237 | €330,507 | -€6,731 | -2.0% |
| Amounts receivable within one year | 40/41 | €129,150 | €156,271 | +€27,121 | +21.0% |
| Trade receivables | 40 | €23,581 | €51,271 | +€27,689 | +117.4% |
| Other amounts receivable | 41 | €105,568 | €105,000 | -€568 | -0.5% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €135,141 | €101,166 | -€33,975 | -25.1% |
| Deferred charges and accrued income | 490/1 | €2,947 | €3,070 | +€123 | +4.2% |
| Total equity and liabilities | 10/49 | €484,349 | €462,155 | -€22,193 | -4.6% |
| Equity | 10/15 | €223,184 | €233,715 | +€10,531 | +4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,860 | €71,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €70,000 | €70,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132,724 | €143,255 | +€10,531 | +7.9% |
| Amounts payable | 17/49 | €261,164 | €228,440 | -€32,724 | -12.5% |
| Amounts payable after more than one year | 17 | €118,304 | €93,908 | -€24,396 | -20.6% |
| Financial debts | 170/4 | €118,304 | €93,908 | -€24,396 | -20.6% |
| Amounts payable within one year | 42/48 | €140,065 | €131,724 | -€8,341 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €23,394 | €24,396 | +€1,002 | +4.3% |
| Trade debts | 44 | €69,228 | €80,022 | +€10,794 | +15.6% |
| Suppliers | 440/4 | €69,228 | €80,022 | +€10,794 | +15.6% |
| Advances received on contracts in progress | 46 | €4,574 | - | -€4,574 | |
| Taxes, remuneration and social security | 45 | €20,546 | €23,666 | +€3,119 | +15.2% |
| Taxes | 450/3 | €10,270 | €16,055 | +€5,785 | +56.3% |
| Remuneration and social security | 454/9 | €10,276 | €7,611 | -€2,666 | -25.9% |
| Other amounts payable | 47/48 | €22,323 | €3,641 | -€18,682 | -83.7% |
| Accrued charges and deferred income | 492/3 | €2,796 | €2,808 | +€12 | +0.4% |
| Remuneration, social security and pensions | 62 | €78,829 | €63,485 | -€15,344 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,758 | €21,144 | +€1,386 | +7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,908 | - | -€13,908 | |
| Other operating charges | 640/8 | €2,459 | €5,434 | +€2,975 | +121.0% |
| Gross operating margin | 9900 | €164,162 | €110,737 | -€53,425 | -32.5% |
| Operating profit (loss) | 9901 | €49,208 | €20,674 | -€28,534 | -58.0% |
| Financial income | 75/76B | €1,536 | €544 | -€992 | -64.6% |
| Recurring financial income | 75 | €1,536 | €544 | -€992 | -64.6% |
| Financial charges | 65/66B | €18,877 | €6,116 | -€12,761 | -67.6% |
| Recurring financial charges | 65 | €18,877 | €6,116 | -€12,761 | -67.6% |
| Profit (loss) for the period before taxes | 9903 | €31,867 | €15,102 | -€16,765 | -52.6% |
| Income taxes | 67/77 | €8,079 | €4,571 | -€3,508 | -43.4% |
| Profit (loss) for the period | 9904 | €23,787 | €10,531 | -€13,256 | -55.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,787 | €10,531 | -€13,256 | -55.7% |
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.