DNL HOLDING: 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.
DNL HOLDING
Largest movements
- Cash +€441,441
up €441,441 (+963%), from €45,850 to €487,291
mainly Investment in fixed assets (net) (+€241,339) and Current investments (+€197,661)
- Tangible fixed assets -€335,736
down €335,736 (-21.0%), from €1.6m to €1.3m
of which Land and buildings: -€309,348
- Current investments -€197,661
down €197,661 (-19.6%), from €1.0m to €813,125
- Debts after one year -€45,748
down €45,748 (-14.1%), from €324,921 to €279,174
- Provisions -€41,645
down €41,645 (-30.3%), from €137,573 to €95,928
- Accrued charges and deferred income -€31,688
down €31,688 (-28.5%), from €110,997 to €79,308
- Gross operating margin +€179,862
up €179,862 (+998%), from €18,014 to €197,876
- Other operating charges -€89,029
down €89,029 (-83.9%), from €106,068 to €17,039
- Financial income +€35,259
up €35,259 (+108%), from €32,755 to €68,014
- Depreciation -€17,539
down €17,539 (-15.7%), from €111,936 to €94,397
- Taxes +€16,766
up €16,766 (+507%), from €3,306 to €20,072
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.
Derived cash bridge
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 | €2,662,123 | €2,569,352 | -€92,771 | -3.5% |
| Fixed assets | 21/28 | €1,600,775 | €1,265,039 | -€335,736 | -21.0% |
| Tangible fixed assets | 22/27 | €1,600,775 | €1,265,039 | -€335,736 | -21.0% |
| Land and buildings | 22 | €1,532,274 | €1,222,925 | -€309,348 | -20.2% |
| Furniture and vehicles | 24 | €68,502 | €42,114 | -€26,388 | -38.5% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,061,347 | €1,304,312 | +€242,965 | +22.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €3,033 | €1,966 | -€1,066 | -35.2% |
| Trade receivables | 40 | €252 | €1,119 | +€867 | +344% |
| Other amounts receivable | 41 | €2,781 | €848 | -€1,933 | -69.5% |
| Current investments | 50/53 | €1,010,786 | €813,125 | -€197,661 | -19.6% |
| Cash at bank and in hand | 54/58 | €45,850 | €487,291 | +€441,441 | +963% |
| Deferred charges and accrued income | 490/1 | €1,678 | €1,930 | +€252 | +15.0% |
| Total equity and liabilities | 10/49 | €2,662,123 | €2,569,352 | -€92,771 | -3.5% |
| Equity | 10/15 | €2,002,295 | €2,026,340 | +€24,044 | +1.2% |
| Contributions | 10/11 | €213,970 | €213,970 | = | 0.0% |
| Reserves | 13 | €1,788,325 | €1,812,369 | +€24,044 | +1.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €412,718 | €287,783 | -€124,936 | -30.3% |
| Distributable reserves | 133 | €1,375,606 | €1,524,586 | +€148,980 | +10.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €137,573 | €95,928 | -€41,645 | -30.3% |
| Deferred taxes | 168 | €137,573 | €95,928 | -€41,645 | -30.3% |
| Amounts payable | 17/49 | €522,255 | €447,085 | -€75,170 | -14.4% |
| Amounts payable after more than one year | 17 | €324,921 | €279,174 | -€45,748 | -14.1% |
| Financial debts | 170/4 | €324,921 | €279,174 | -€45,748 | -14.1% |
| Amounts payable within one year | 42/48 | €86,336 | €88,603 | +€2,266 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €50,838 | €45,748 | -€5,090 | -10.0% |
| Trade debts | 44 | €3,163 | €5,932 | +€2,769 | +87.5% |
| Suppliers | 440/4 | €3,163 | €5,932 | +€2,769 | +87.5% |
| Taxes, remuneration and social security | 45 | €31,148 | €36,226 | +€5,078 | +16.3% |
| Taxes | 450/3 | €14,901 | €24,428 | +€9,527 | +63.9% |
| Remuneration and social security | 454/9 | €16,247 | €11,797 | -€4,450 | -27.4% |
| Other amounts payable | 47/48 | €1,187 | €697 | -€490 | -41.3% |
| Accrued charges and deferred income | 492/3 | €110,997 | €79,308 | -€31,688 | -28.5% |
| Non-recurring operating income | 76A | €0 | €209,099 | +€209,099 | |
| Remuneration, social security and pensions | 62 | €87,669 | €93,992 | +€6,323 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,936 | €94,397 | -€17,539 | -15.7% |
| Other operating charges | 640/8 | €106,068 | €17,039 | -€89,029 | -83.9% |
| Gross operating margin | 9900 | €18,014 | €197,876 | +€179,862 | +998% |
| Operating profit (loss) | 9901 | -€287,658 | -€7,552 | +€280,106 | +97.4% |
| Financial income | 75/76B | €32,755 | €68,014 | +€35,259 | +108% |
| Recurring financial income | 75 | €32,755 | €68,014 | +€35,259 | +108% |
| Financial charges | 65/66B | -€4,615 | €11,991 | +€16,605 | |
| Recurring financial charges | 65 | -€4,615 | €11,991 | +€16,605 | |
| Profit (loss) for the period before taxes | 9903 | -€250,289 | €48,471 | +€298,760 | |
| Transfer from deferred taxes | 780 | €6,781 | €41,645 | +€34,864 | +514% |
| Income taxes | 67/77 | €3,306 | €20,072 | +€16,766 | +507% |
| Profit (loss) for the period | 9904 | -€246,814 | €70,044 | +€316,858 | |
| Transfer from tax-exempt reserves | 789 | €20,343 | €124,936 | +€104,593 | +514% |
| Profit (loss) for the period to be appropriated | 9905 | -€226,471 | €194,980 | +€421,451 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.