DL & P: 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.
DL & P
Largest movements
- Tangible fixed assets +€151,320
up €151,320 (+149%), from €101,891 to €253,212
of which Land and buildings: +€143,017
- Cash +€9,817
up €9,817 (+71.2%), from €13,795 to €23,611
mainly Trade debts (+€100,718) and Debts after one year (+€50,308)
- Trade debts +€100,718
up €100,718 (+3,384%), from €2,976 to €103,694
- Debts after one year +€50,308
new in 2026: €50,308
- Profit (loss) carried forward +€6,233
up €6,233 (+23.6%), from -€26,401 to -€20,168
- Other debts +€5,029
up €5,029 (+7.1%), from €70,951 to €75,980
- Gross operating margin +€14,548
up €14,548 (+185%), from €7,848 to €22,396
- Financial charges +€8,835
up €8,835 (+1,641%), from €538 to €9,374
- Other operating charges -€841
down €841 (-19.9%), from €4,230 to €3,388
- Depreciation +€806
up €806 (+31.0%), from €2,602 to €3,407
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €115,726 | €278,014 | +€162,288 | +140% |
| Fixed assets | 21/28 | €101,891 | €253,212 | +€151,320 | +149% |
| Tangible fixed assets | 22/27 | €101,891 | €253,212 | +€151,320 | +149% |
| Land and buildings | 22 | €101,891 | €244,908 | +€143,017 | +140% |
| Other tangible fixed assets | 26 | - | €8,304 | +€8,304 | |
| Current assets | 29/58 | €13,835 | €24,802 | +€10,968 | +79.3% |
| Cash at bank and in hand | 54/58 | €13,795 | €23,611 | +€9,817 | +71.2% |
| Deferred charges and accrued income | 490/1 | €40 | €1,191 | +€1,151 | +2,879% |
| Total equity and liabilities | 10/49 | €115,726 | €278,014 | +€162,288 | +140% |
| Equity | 10/15 | €41,799 | €48,032 | +€6,233 | +14.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,401 | -€20,168 | +€6,233 | +23.6% |
| Amounts payable | 17/49 | €73,927 | €229,982 | +€156,055 | +211% |
| Amounts payable after more than one year | 17 | - | €50,308 | +€50,308 | |
| Financial debts | 170/4 | - | €50,308 | +€50,308 | |
| Amounts payable within one year | 42/48 | €73,927 | €179,674 | +€105,747 | +143% |
| Trade debts | 44 | €2,976 | €103,694 | +€100,718 | +3,384% |
| Suppliers | 440/4 | €2,976 | €103,694 | +€100,718 | +3,384% |
| Other amounts payable | 47/48 | €70,951 | €75,980 | +€5,029 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,602 | €3,407 | +€806 | +31.0% |
| Other operating charges | 640/8 | €4,230 | €3,388 | -€841 | -19.9% |
| Gross operating margin | 9900 | €7,848 | €22,396 | +€14,548 | +185% |
| Operating profit (loss) | 9901 | €1,016 | €15,600 | +€14,584 | +1,435% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €538 | €9,374 | +€8,835 | +1,641% |
| Recurring financial charges | 65 | €538 | €9,374 | +€8,835 | +1,641% |
| Profit (loss) for the period before taxes | 9903 | €478 | €6,233 | +€5,755 | +1,205% |
| Profit (loss) for the period | 9904 | €478 | €6,233 | +€5,755 | +1,205% |
| Profit (loss) for the period to be appropriated | 9905 | €478 | €6,233 | +€5,755 | +1,205% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.