DL P&T MANAGEMENT: what changed
DL P&T MANAGEMENT
Largest movements
- Current investments -€350,000
no longer reported in 2025 (was €350,000)
- Cash -€57,405
down €57,405 (-48.4%), from €118,720 to €61,314
mainly Other debts (-€370,839) and Contributions, distributions and other (-€150,000)
- Receivables within one year -€35,088
down €35,088 (-26.7%), from €131,397 to €96,309
of which Trade receivables: -€36,422
- Tangible fixed assets -€16,533
down €16,533 (-32.4%), from €51,054 to €34,522
- Other debts -€370,839
down €370,839 (-74.4%), from €498,558 to €127,719
- Tax, wage and social debts -€70,197
down €70,197 (-65.5%), from €107,116 to €36,919
of which Taxes: -€74,053
- Current portion of long-term debt -€9,142
down €9,142 (-53.3%), from €17,164 to €8,022
- Debts after one year -€8,022
down €8,022 (-45.4%), from €17,672 to €9,650
- Gross operating margin -€42,220
down €42,220 (-14.8%), from €285,717 to €243,498
- Staff costs +€34,172
new in 2025: €34,172
- Taxes -€19,279
down €19,279 (-29.3%), from €65,781 to €46,502
- Financial income +€7,283
up €7,283 (+1,820,760%), from €0 to €7,283
- Depreciation +€3,560
up €3,560 (+27.4%), from €12,972 to €16,533
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 | €652,502 | €195,548 | -€456,953 | -70.0% |
| Fixed assets | 21/28 | €51,054 | €34,699 | -€16,356 | -32.0% |
| Tangible fixed assets | 22/27 | €51,054 | €34,522 | -€16,533 | -32.4% |
| Furniture and vehicles | 24 | €51,054 | €34,522 | -€16,533 | -32.4% |
| Financial fixed assets | 28 | - | €177 | +€177 | |
| Current assets | 29/58 | €601,447 | €160,850 | -€440,598 | -73.3% |
| Amounts receivable within one year | 40/41 | €131,397 | €96,309 | -€35,088 | -26.7% |
| Trade receivables | 40 | €122,828 | €86,406 | -€36,422 | -29.7% |
| Other amounts receivable | 41 | €8,569 | €9,903 | +€1,334 | +15.6% |
| Current investments | 50/53 | €350,000 | - | -€350,000 | |
| Cash at bank and in hand | 54/58 | €118,720 | €61,314 | -€57,405 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,331 | €3,226 | +€1,896 | +142% |
| Total equity and liabilities | 10/49 | €652,502 | €195,548 | -€456,953 | -70.0% |
| Equity | 10/15 | €10,878 | €12,364 | +€1,486 | +13.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,878 | €7,364 | +€1,486 | +25.3% |
| Amounts payable | 17/49 | €641,623 | €183,184 | -€458,439 | -71.4% |
| Amounts payable after more than one year | 17 | €17,672 | €9,650 | -€8,022 | -45.4% |
| Financial debts | 170/4 | €17,672 | €9,650 | -€8,022 | -45.4% |
| Amounts payable within one year | 42/48 | €623,952 | €173,535 | -€450,417 | -72.2% |
| Current portion of amounts payable after more than one year | 42 | €17,164 | €8,022 | -€9,142 | -53.3% |
| Trade debts | 44 | €1,114 | €874 | -€240 | -21.5% |
| Suppliers | 440/4 | €1,114 | €874 | -€240 | -21.5% |
| Taxes, remuneration and social security | 45 | €107,116 | €36,919 | -€70,197 | -65.5% |
| Taxes | 450/3 | €107,116 | €33,063 | -€74,053 | -69.1% |
| Remuneration and social security | 454/9 | - | €3,857 | +€3,857 | |
| Other amounts payable | 47/48 | €498,558 | €127,719 | -€370,839 | -74.4% |
| Remuneration, social security and pensions | 62 | - | €34,172 | +€34,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,972 | €16,533 | +€3,560 | +27.4% |
| Other operating charges | 640/8 | €420 | €640 | +€220 | +52.4% |
| Gross operating margin | 9900 | €285,717 | €243,498 | -€42,220 | -14.8% |
| Operating profit (loss) | 9901 | €272,325 | €192,154 | -€80,171 | -29.4% |
| Financial income | 75/76B | €0 | €7,283 | +€7,283 | +1,820,760% |
| Recurring financial income | 75 | €0 | €7,283 | +€7,283 | +1,820,760% |
| Financial charges | 65/66B | €1,180 | €1,449 | +€269 | +22.8% |
| Recurring financial charges | 65 | €1,180 | €1,449 | +€269 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €271,145 | €197,988 | -€73,157 | -27.0% |
| Income taxes | 67/77 | €65,781 | €46,502 | -€19,279 | -29.3% |
| Profit (loss) for the period | 9904 | €205,364 | €151,486 | -€53,879 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €205,364 | €151,486 | -€53,879 | -26.2% |
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 7 November 2026 via checked.be.