Droit et Devoir: 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.
Droit et Devoir
Largest movements
- Receivables within one year +€33,305
up €33,305 (+6.8%), from €486,746 to €520,052
of which Other amounts receivable: +€27,088
- Cash -€18,384
down €18,384 (-32.9%), from €55,802 to €37,417
- Tangible fixed assets +€12,301
up €12,301 (+4.3%), from €283,730 to €296,032
of which Furniture and vehicles: +€45,478
- Provisions +€44,032
up €44,032 (+38.3%), from €114,943 to €158,975
- Debts after one year -€29,862
down €29,862 (-77.6%), from €38,472 to €8,610
- Debts within one year +€26,064
up €26,064 (+3.8%), from €685,994 to €712,058
of which Trade debts: +€48,780
- Gross operating margin -€236,381
down €236,381 (-17.4%), from €1.4m to €1.1m
- Staff costs -€57,697
down €57,697 (-5.7%), from €1.0m to €953,307
- Other operating charges -€41,756
down €41,756 (-72.2%), from €57,861 to €16,105
- Write-downs +€23,400
up €23,400, from -€20,552 to €2,848
- Depreciation +€19,690
up €19,690 (+31.0%), from €63,443 to €83,133
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €889,557 | €924,953 | +€35,396 | +4.0% |
| Fixed assets | 21/28 | €309,154 | €321,456 | +€12,301 | +4.0% |
| Tangible fixed assets | 22/27 | €283,730 | €296,032 | +€12,301 | +4.3% |
| Land and buildings | 22 | €118,400 | €112,453 | -€5,947 | -5.0% |
| Plant, machinery and equipment | 23 | €116,849 | €89,619 | -€27,230 | -23.3% |
| Furniture and vehicles | 24 | €48,481 | €93,959 | +€45,478 | +93.8% |
| Financial fixed assets | 28 | €25,424 | €25,424 | = | 0.0% |
| Current assets | 29/58 | €580,402 | €603,497 | +€23,095 | +4.0% |
| Amounts receivable after more than one year | 29 | €250 | €250 | = | 0.0% |
| Other amounts receivable | 291 | €250 | €250 | = | 0.0% |
| Stocks and contracts in progress | 3 | €32,220 | €38,157 | +€5,937 | +18.4% |
| Stocks | 30/36 | €32,220 | €38,157 | +€5,937 | +18.4% |
| Amounts receivable within one year | 40/41 | €486,746 | €520,052 | +€33,305 | +6.8% |
| Trade receivables | 40 | €6,471 | €12,689 | +€6,217 | +96.1% |
| Other amounts receivable | 41 | €480,275 | €507,363 | +€27,088 | +5.6% |
| Cash at bank and in hand | 54/58 | €55,802 | €37,417 | -€18,384 | -32.9% |
| Deferred charges and accrued income | 490/1 | €5,384 | €7,621 | +€2,237 | +41.5% |
| Total equity and liabilities | 10/49 | €889,557 | €924,953 | +€35,396 | +4.0% |
| Equity | 10/15 | €47,548 | €39,913 | -€7,635 | -16.1% |
| Reserves | 13 | €95,000 | €95,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,087 | -€55,087 | = | 0.0% |
| Investment grants | 15 | €7,635 | €0 | -€7,635 | -100% |
| Provisions and deferred taxes | 16 | €114,943 | €158,975 | +€44,032 | +38.3% |
| Amounts payable | 17/49 | €727,066 | €726,064 | -€1,001 | -0.1% |
| Amounts payable after more than one year | 17 | €38,472 | €8,610 | -€29,862 | -77.6% |
| Financial debts | 170/4 | €38,472 | €8,610 | -€29,862 | -77.6% |
| Amounts payable within one year | 42/48 | €685,994 | €712,058 | +€26,064 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €28,348 | €29,862 | +€1,514 | +5.3% |
| Financial debts | 43 | €50,000 | €61,363 | +€11,363 | +22.7% |
| Credit institutions | 430/8 | €50,000 | €61,363 | +€11,363 | +22.7% |
| Trade debts | 44 | €177,912 | €226,692 | +€48,780 | +27.4% |
| Suppliers | 440/4 | €177,912 | €226,692 | +€48,780 | +27.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €300,963 | €309,928 | +€8,965 | +3.0% |
| Taxes | 450/3 | €31,288 | €20,245 | -€11,043 | -35.3% |
| Remuneration and social security | 454/9 | €269,675 | €289,683 | +€20,008 | +7.4% |
| Accrued charges and deferred income | 492/3 | €2,600 | €5,396 | +€2,796 | +108% |
| Non-recurring operating income | 76A | €49,577 | €5,682 | -€43,895 | -88.5% |
| Remuneration, social security and pensions | 62 | €1,011,004 | €953,307 | -€57,697 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,443 | €83,133 | +€19,690 | +31.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€20,552 | €2,848 | +€23,400 | |
| Other operating charges | 640/8 | €57,861 | €16,105 | -€41,756 | -72.2% |
| Non-recurring operating charges | 66A | €137,931 | €3,277 | -€134,654 | -97.6% |
| Gross operating margin | 9900 | €1,362,242 | €1,125,861 | -€236,381 | -17.4% |
| Operating profit (loss) | 9901 | €23,749 | €23,161 | -€588 | -2.5% |
| Financial income | 75/76B | €3,919 | €8,209 | +€4,289 | +109% |
| Recurring financial income | 75 | €3,919 | €8,209 | +€4,289 | +109% |
| Financial charges | 65/66B | €27,668 | €31,370 | +€3,702 | +13.4% |
| Recurring financial charges | 65 | €27,668 | €31,370 | +€3,702 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €0 | - | = |
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.