DOUBLE T: what changed
Two fiscal 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.
What changed
DOUBLE T
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€472,948
2024 · €1.0m-€549,155
Equity
€13.3m
2024 · €12.9m+€372,948
Cash
€113,427
2024 · €178,867-€65,439
Balance sheet total
€13.8m
2024 · €13.7m+€145,396
Largest movements
Assets
- Receivables within one year +€201,436
up €201,436 (+13.9%), from €1.5m to €1.7m
of which Other amounts receivable: +€1.2m
Equity and liabilities
- Reserves +€372,948
up €372,948 (+2.9%), from €12.9m to €13.3m
Income statement
- Gross operating margin -€440,672
down €440,672 (-41.1%), from €1.1m to €631,421
- Financial income -€218,424
down €218,424 (-37.9%), from €576,767 to €358,342
- Taxes -€98,407
down €98,407 (-65.0%), from €151,383 to €52,976
- Financial charges -€19,723
down €19,723 (-41.3%), from €47,808 to €28,085
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.
Result 2024
€1.0m
Gross operating margin
-€440,672
Staff costs
-€8,096
Depreciation
-€56
Other operating charges
-€36
Financial income
-€218,424
Financial charges
+€19,723
Taxes
+€98,407
Result 2025
€472,948
Cash bridge derived
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.
From operations
+€108,051
Investment
-€1,121
Financing
-€172,369
Cash 2024
€178,867
From operations (derived)
+€108,051
Net result for the year
+€472,948
Depreciation
+€5,894
Receivables within one year
-€201,436
Deferred charges and accrued income
-€14,172
Trade debts
-€821
Tax, wage and social debts
+€2,497
Other debts
-€137,803
Accrued charges and deferred income
-€19,056
Investment (derived)
-€1,121
Investment in fixed assets (net)
-€1,121
Financing
-€172,369
Debts after one year
-€73,444
Current portion of long-term debt
+€1,075
Contributions, distributions and other
-€100,000
Cash 2025
€113,427
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,687,944 | €13,833,340 | +€145,396 | +1.1% |
| Fixed assets | 21/28 | €12,049,240 | €12,044,468 | -€4,772 | 0.0% |
| Tangible fixed assets | 22/27 | €19,640 | €14,868 | -€4,772 | -24.3% |
| Plant, machinery and equipment | 23 | €2,785 | €2,085 | -€700 | -25.1% |
| Furniture and vehicles | 24 | €16,855 | €12,783 | -€4,072 | -24.2% |
| Financial fixed assets | 28 | €12,029,600 | €12,029,600 | = | 0.0% |
| Current assets | 29/58 | €1,638,704 | €1,788,872 | +€150,168 | +9.2% |
| Amounts receivable within one year | 40/41 | €1,453,932 | €1,655,368 | +€201,436 | +13.9% |
| Trade receivables | 40 | €1,026,585 | €41,473 | -€985,113 | -96.0% |
| Other amounts receivable | 41 | €427,347 | €1,613,895 | +€1.2m | +277.7% |
| Cash at bank and in hand | 54/58 | €178,867 | €113,427 | -€65,439 | -36.6% |
| Deferred charges and accrued income | 490/1 | €5,905 | €20,077 | +€14,172 | +240.0% |
| Total equity and liabilities | 10/49 | €13,687,944 | €13,833,340 | +€145,396 | +1.1% |
| Equity | 10/15 | €12,902,159 | €13,275,107 | +€372,948 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,883,559 | €13,256,507 | +€372,948 | +2.9% |
| Distributable reserves | 133 | €12,883,559 | €13,256,507 | +€372,948 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €785,785 | €558,233 | -€227,552 | -29.0% |
| Amounts payable after more than one year | 17 | €154,240 | €80,796 | -€73,444 | -47.6% |
| Financial debts | 170/4 | €154,240 | €80,796 | -€73,444 | -47.6% |
| Amounts payable within one year | 42/48 | €594,763 | €459,710 | -€135,052 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €72,369 | €73,444 | +€1,075 | +1.5% |
| Trade debts | 44 | €1,184 | €363 | -€821 | -69.3% |
| Suppliers | 440/4 | €1,184 | €363 | -€821 | -69.3% |
| Taxes, remuneration and social security | 45 | €118,240 | €120,737 | +€2,497 | +2.1% |
| Taxes | 450/3 | €64,201 | €63,665 | -€536 | -0.8% |
| Remuneration and social security | 454/9 | €54,039 | €57,072 | +€3,032 | +5.6% |
| Other amounts payable | 47/48 | €402,969 | €265,166 | -€137,803 | -34.2% |
| Accrued charges and deferred income | 492/3 | €36,782 | €17,726 | -€19,056 | -51.8% |
| Remuneration, social security and pensions | 62 | €420,550 | €428,646 | +€8,096 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,837 | €5,894 | +€56 | +1.0% |
| Other operating charges | 640/8 | €1,179 | €1,214 | +€36 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,072,093 | €631,421 | -€440,672 | -41.1% |
| Operating profit (loss) | 9901 | €644,528 | €195,667 | -€448,860 | -69.6% |
| Financial income | 75/76B | €576,767 | €358,342 | -€218,424 | -37.9% |
| Recurring financial income | 75 | €576,767 | €358,342 | -€218,424 | -37.9% |
| Financial charges | 65/66B | €47,808 | €28,085 | -€19,723 | -41.3% |
| Recurring financial charges | 65 | €47,808 | €28,085 | -€19,723 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €1,173,486 | €525,924 | -€647,562 | -55.2% |
| Income taxes | 67/77 | €151,383 | €52,976 | -€98,407 | -65.0% |
| Profit (loss) for the period | 9904 | €1,022,103 | €472,948 | -€549,155 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,022,103 | €472,948 | -€549,155 | -53.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.