Dt Management: 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.
Dt Management
Largest movements
- Receivables within one year +€34,851
up €34,851 (+43.0%), from €81,076 to €115,926
of which Trade receivables: +€32,660
- Tangible fixed assets -€12,311
down €12,311 (-2.8%), from €442,550 to €430,240
of which Land and buildings: -€6,250
- Reserves +€22,000
up €22,000 (+25.0%), from €88,000 to €110,000
- Debts after one year -€21,333
down €21,333 (-5.9%), from €363,151 to €341,818
of which Financial debts: -€21,333
- Other debts +€19,660
up €19,660 (+75.3%), from €26,110 to €45,770
- Gross operating margin +€8,168
up €8,168 (+18.4%), from €44,307 to €52,475
- Taxes +€1,553
up €1,553 (+35.4%), from €4,382 to €5,935
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 | €535,168 | €556,053 | +€20,885 | +3.9% |
| Fixed assets | 21/28 | €442,550 | €430,240 | -€12,311 | -2.8% |
| Tangible fixed assets | 22/27 | €442,550 | €430,240 | -€12,311 | -2.8% |
| Land and buildings | 22 | €141,833 | €135,583 | -€6,250 | -4.4% |
| Other tangible fixed assets | 26 | €300,717 | €294,657 | -€6,061 | -2.0% |
| Current assets | 29/58 | €92,617 | €125,813 | +€33,195 | +35.8% |
| Amounts receivable within one year | 40/41 | €81,076 | €115,926 | +€34,851 | +43.0% |
| Trade receivables | 40 | €80,965 | €113,625 | +€32,660 | +40.3% |
| Other amounts receivable | 41 | €111 | €2,301 | +€2,191 | +1,979% |
| Cash at bank and in hand | 54/58 | €11,213 | €8,248 | -€2,966 | -26.4% |
| Deferred charges and accrued income | 490/1 | €328 | €1,639 | +€1,310 | +399% |
| Total equity and liabilities | 10/49 | €535,168 | €556,053 | +€20,885 | +3.9% |
| Equity | 10/15 | €104,407 | €128,033 | +€23,626 | +22.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €88,000 | €110,000 | +€22,000 | +25.0% |
| Distributable reserves | 133 | €88,000 | €110,000 | +€22,000 | +25.0% |
| Profit (loss) carried forward | 14 | €1,407 | €3,033 | +€1,626 | +116% |
| Amounts payable | 17/49 | €430,761 | €428,020 | -€2,741 | -0.6% |
| Amounts payable after more than one year | 17 | €363,151 | €341,818 | -€21,333 | -5.9% |
| Financial debts | 170/4 | €338,151 | €316,818 | -€21,333 | -6.3% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €64,594 | €82,580 | +€17,986 | +27.8% |
| Current portion of amounts payable after more than one year | 42 | €21,020 | €21,333 | +€314 | +1.5% |
| Trade debts | 44 | €2,064 | €3,550 | +€1,486 | +72.0% |
| Suppliers | 440/4 | €2,064 | €3,550 | +€1,486 | +72.0% |
| Taxes, remuneration and social security | 45 | €15,399 | €11,927 | -€3,473 | -22.6% |
| Taxes | 450/3 | €9,399 | €5,927 | -€3,473 | -36.9% |
| Remuneration and social security | 454/9 | €6,000 | €6,000 | = | 0.0% |
| Other amounts payable | 47/48 | €26,110 | €45,770 | +€19,660 | +75.3% |
| Accrued charges and deferred income | 492/3 | €3,016 | €3,622 | +€606 | +20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,311 | €12,311 | = | 0.0% |
| Other operating charges | 640/8 | €1,566 | €1,740 | +€174 | +11.1% |
| Gross operating margin | 9900 | €44,307 | €52,475 | +€8,168 | +18.4% |
| Operating profit (loss) | 9901 | €30,430 | €38,425 | +€7,994 | +26.3% |
| Financial charges | 65/66B | €8,634 | €8,863 | +€229 | +2.7% |
| Recurring financial charges | 65 | €8,634 | €8,863 | +€229 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €21,796 | €29,561 | +€7,765 | +35.6% |
| Income taxes | 67/77 | €4,382 | €5,935 | +€1,553 | +35.4% |
| Profit (loss) for the period | 9904 | €17,414 | €23,626 | +€6,212 | +35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,414 | €23,626 | +€6,212 | +35.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.