Double-D: 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.
Double-D
Largest movements
- Tangible fixed assets +€52,457
up €52,457 (+23.1%), from €227,497 to €279,955
of which Furniture and vehicles: +€67,350
- Receivables within one year +€14,528
up €14,528 (+215%), from €6,773 to €21,301
of which Trade receivables: +€14,528
- Cash -€13,415
down €13,415 (-18.7%), from €71,642 to €58,227
mainly Investment in fixed assets (net) (-€77,994) and Receivables within one year (-€14,528)
- Reserves +€32,272
up €32,272 (+27.5%), from €117,336 to €149,608
- Current portion of long-term debt +€9,820
up €9,820 (+33.7%), from €29,165 to €38,985
- Debts after one year +€8,715
up €8,715 (+7.0%), from €123,843 to €132,559
- Gross operating margin +€54,465
up €54,465 (+84.4%), from €64,525 to €118,990
- Taxes +€15,351
up €15,351 (+1,106%), from €1,388 to €16,740
- Staff costs +€10,477
up €10,477 (+36.1%), from €29,014 to €39,491
- Other operating charges -€1,777
down €1,777 (-44.0%), from €4,040 to €2,263
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 | €306,966 | €361,071 | +€54,105 | +17.6% |
| Fixed assets | 21/28 | €227,497 | €279,955 | +€52,457 | +23.1% |
| Tangible fixed assets | 22/27 | €227,497 | €279,955 | +€52,457 | +23.1% |
| Land and buildings | 22 | €203,859 | €191,747 | -€12,112 | -5.9% |
| Plant, machinery and equipment | 23 | €20,191 | €17,411 | -€2,780 | -13.8% |
| Furniture and vehicles | 24 | €3,447 | €70,797 | +€67,350 | +1,954% |
| Current assets | 29/58 | €79,468 | €81,116 | +€1,647 | +2.1% |
| Amounts receivable within one year | 40/41 | €6,773 | €21,301 | +€14,528 | +215% |
| Trade receivables | 40 | €4,161 | €18,689 | +€14,528 | +349% |
| Other amounts receivable | 41 | €2,612 | €2,612 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,642 | €58,227 | -€13,415 | -18.7% |
| Deferred charges and accrued income | 490/1 | €1,054 | €1,588 | +€534 | +50.7% |
| Total equity and liabilities | 10/49 | €306,966 | €361,071 | +€54,105 | +17.6% |
| Equity | 10/15 | €135,936 | €168,208 | +€32,272 | +23.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €117,336 | €149,608 | +€32,272 | +27.5% |
| Distributable reserves | 133 | €117,336 | €149,608 | +€32,272 | +27.5% |
| Amounts payable | 17/49 | €171,030 | €192,863 | +€21,832 | +12.8% |
| Amounts payable after more than one year | 17 | €123,843 | €132,559 | +€8,715 | +7.0% |
| Financial debts | 170/4 | €123,843 | €132,559 | +€8,715 | +7.0% |
| Amounts payable within one year | 42/48 | €47,187 | €60,304 | +€13,117 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €29,165 | €38,985 | +€9,820 | +33.7% |
| Trade debts | 44 | €5,938 | €4,192 | -€1,745 | -29.4% |
| Suppliers | 440/4 | €5,938 | €4,192 | -€1,745 | -29.4% |
| Taxes, remuneration and social security | 45 | €10,640 | €14,134 | +€3,494 | +32.8% |
| Taxes | 450/3 | €2,153 | €4,393 | +€2,240 | +104% |
| Remuneration and social security | 454/9 | €8,487 | €9,741 | +€1,254 | +14.8% |
| Other amounts payable | 47/48 | €1,444 | €2,993 | +€1,548 | +107% |
| Non-recurring operating income | 76A | - | €1,250 | +€1,250 | |
| Remuneration, social security and pensions | 62 | €29,014 | €39,491 | +€10,477 | +36.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,825 | €25,536 | -€289 | -1.1% |
| Other operating charges | 640/8 | €4,040 | €2,263 | -€1,777 | -44.0% |
| Gross operating margin | 9900 | €64,525 | €118,990 | +€54,465 | +84.4% |
| Operating profit (loss) | 9901 | €5,646 | €51,700 | +€46,054 | +816% |
| Financial income | 75/76B | €3 | €149 | +€146 | +4,533% |
| Recurring financial income | 75 | €3 | €149 | +€146 | +4,533% |
| Financial charges | 65/66B | €2,749 | €2,837 | +€88 | +3.2% |
| Recurring financial charges | 65 | €2,749 | €2,837 | +€88 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €2,901 | €49,012 | +€46,111 | +1,590% |
| Income taxes | 67/77 | €1,388 | €16,740 | +€15,351 | +1,106% |
| Profit (loss) for the period | 9904 | €1,512 | €32,272 | +€30,760 | +2,034% |
| Profit (loss) for the period to be appropriated | 9905 | €1,512 | €32,272 | +€30,760 | +2,034% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.