DL ESTATE MANAGEMENT: what changed
DL ESTATE MANAGEMENT
Largest movements
- Cash +€237,356
up €237,356 (+847%), from €28,009 to €265,364
mainly Other debts (+€193,312) and Receivables within one year (+€71,916)
- Receivables within one year -€71,916
down €71,916 (-23.3%), from €309,052 to €237,136
of which Trade receivables: -€100,124
- Deferred charges and accrued income +€6,149
up €6,149 (+259%), from €2,375 to €8,525
- Other debts +€193,312
up €193,312 (+308%), from €62,820 to €256,132
- Trade debts -€128,634
down €128,634 (-59.5%), from €216,199 to €87,565
of which Bills of exchange payable: -€115,516
- Profit (loss) carried forward +€56,248
up €56,248 (+8,757%), from €642 to €56,891
- Advances received +€42,927
new in 2025: €42,927
- Tax, wage and social debts +€5,282
up €5,282 (+15.0%), from €35,217 to €40,499
of which Taxes: +€12,476
- Turnover +€220,323
up €220,323 (+40.8%), from €540,503 to €760,825
- Services and other goods +€99,031
up €99,031 (+27.2%), from €364,061 to €463,093
- Staff costs +€45,541
up €45,541 (+26.4%), from €172,565 to €218,106
- Taxes +€19,830
up €19,830 (+1,029%), from €1,927 to €21,756
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,813 | €511,025 | +€171,212 | +50.4% |
| Fixed assets | 21/28 | €377 | €0 | -€377 | -100% |
| Financial fixed assets | 28 | €377 | €0 | -€377 | -100% |
| Other financial fixed assets | 284/8 | €377 | €0 | -€377 | -100% |
| Amounts receivable and cash guarantees | 285/8 | €377 | €0 | -€377 | -100% |
| Current assets | 29/58 | €339,436 | €511,025 | +€171,589 | +50.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €309,052 | €237,136 | -€71,916 | -23.3% |
| Trade receivables | 40 | €309,052 | €208,927 | -€100,124 | -32.4% |
| Other amounts receivable | 41 | - | €28,209 | +€28,209 | |
| Cash at bank and in hand | 54/58 | €28,009 | €265,364 | +€237,356 | +847% |
| Deferred charges and accrued income | 490/1 | €2,375 | €8,525 | +€6,149 | +259% |
| Total equity and liabilities | 10/49 | €339,813 | €511,025 | +€171,212 | +50.4% |
| Equity | 10/15 | €25,576 | €81,825 | +€56,248 | +220% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €21,934 | €21,934 | = | 0.0% |
| Distributable reserves | 133 | €21,934 | €21,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | €642 | €56,891 | +€56,248 | +8,757% |
| Amounts payable | 17/49 | €314,237 | €429,200 | +€114,964 | +36.6% |
| Amounts payable within one year | 42/48 | €314,237 | €429,200 | +€114,964 | +36.6% |
| Financial debts | 43 | - | €2,077 | +€2,077 | |
| Credit institutions | 430/8 | - | €2,077 | +€2,077 | |
| Trade debts | 44 | €216,199 | €87,565 | -€128,634 | -59.5% |
| Suppliers | 440/4 | €59,799 | €46,682 | -€13,118 | -21.9% |
| Bills of exchange payable | 441 | €156,400 | €40,884 | -€115,516 | -73.9% |
| Advances received on contracts in progress | 46 | - | €42,927 | +€42,927 | |
| Taxes, remuneration and social security | 45 | €35,217 | €40,499 | +€5,282 | +15.0% |
| Taxes | 450/3 | €7,207 | €19,683 | +€12,476 | +173% |
| Remuneration and social security | 454/9 | €28,010 | €20,816 | -€7,194 | -25.7% |
| Other amounts payable | 47/48 | €62,820 | €256,132 | +€193,312 | +308% |
| Operating income | 70/76A | €544,334 | €764,473 | +€220,138 | +40.4% |
| Turnover | 70 | €540,503 | €760,825 | +€220,323 | +40.8% |
| Other operating income | 74 | €3,831 | €3,647 | -€184 | -4.8% |
| Operating charges | 60/66A | €541,106 | €685,964 | +€144,858 | +26.8% |
| Services and other goods | 61 | €364,061 | €463,093 | +€99,031 | +27.2% |
| Remuneration, social security and pensions | 62 | €172,565 | €218,106 | +€45,541 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,519 | €3,538 | +€19 | +0.5% |
| Other operating charges | 640/8 | €960 | €1,227 | +€267 | +27.8% |
| Operating profit (loss) | 9901 | €3,228 | €78,508 | +€75,280 | +2,332% |
| Financial charges | 65/66B | €659 | €504 | -€156 | -23.6% |
| Recurring financial charges | 65 | €659 | €504 | -€156 | -23.6% |
| Debt charges | 650 | €598 | €428 | -€170 | -28.4% |
| Other financial charges | 652/9 | €62 | €76 | +€14 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €2,569 | €78,005 | +€75,436 | +2,937% |
| Income taxes | 67/77 | €1,927 | €21,756 | +€19,830 | +1,029% |
| Taxes | 670/3 | €1,927 | €21,756 | +€19,830 | +1,029% |
| Profit (loss) for the period | 9904 | €642 | €56,248 | +€55,606 | +8,657% |
| Profit (loss) for the period to be appropriated | 9905 | €642 | €56,248 | +€55,606 | +8,657% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.