DTJ: 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.
DTJ
Largest movements
- Cash +€137,274
up €137,274 (+80.9%), from €169,597 to €306,871
mainly Net result for the year (+€118,516) and Depreciation (+€30,810)
- Receivables within one year -€25,553
down €25,553 (-18.5%), from €138,227 to €112,675
of which Other amounts receivable: -€20,526
- Tangible fixed assets -€23,108
down €23,108 (-5.3%), from €432,944 to €409,836
of which Land and buildings: -€19,397
- Reserves +€106,992
up €106,992 (+19.8%), from €541,126 to €648,118
- Debts after one year -€30,666
down €30,666 (-27.5%), from €111,576 to €80,910
- Trade debts +€16,835
up €16,835 (+438.1%), from €3,843 to €20,678
- Gross operating margin -€38,642
down €38,642 (-15.9%), from €243,225 to €204,582
- Write-downs -€13,408
down €13,408 (-100.0%), from €13,408 to €0
- Depreciation -€9,394
down €9,394 (-23.4%), from €40,204 to €30,810
- Taxes -€4,434
down €4,434 (-8.0%), from €55,726 to €51,292
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €743,155 | €834,166 | +€91,011 | +12.2% |
| Fixed assets | 21/28 | €432,944 | €409,836 | -€23,108 | -5.3% |
| Tangible fixed assets | 22/27 | €432,944 | €409,836 | -€23,108 | -5.3% |
| Land and buildings | 22 | €406,838 | €387,441 | -€19,397 | -4.8% |
| Plant, machinery and equipment | 23 | €5,317 | €4,630 | -€686 | -12.9% |
| Furniture and vehicles | 24 | €2,150 | €7,474 | +€5,324 | +247.6% |
| Other tangible fixed assets | 26 | €18,640 | €10,290 | -€8,349 | -44.8% |
| Current assets | 29/58 | €310,211 | €424,330 | +€114,119 | +36.8% |
| Amounts receivable within one year | 40/41 | €138,227 | €112,675 | -€25,553 | -18.5% |
| Trade receivables | 40 | €97,701 | €92,675 | -€5,026 | -5.1% |
| Other amounts receivable | 41 | €40,526 | €20,000 | -€20,526 | -50.6% |
| Cash at bank and in hand | 54/58 | €169,597 | €306,871 | +€137,274 | +80.9% |
| Deferred charges and accrued income | 490/1 | €2,387 | €4,785 | +€2,398 | +100.4% |
| Total equity and liabilities | 10/49 | €743,155 | €834,166 | +€91,011 | +12.2% |
| Equity | 10/15 | €559,726 | €666,718 | +€106,992 | +19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €541,126 | €648,118 | +€106,992 | +19.8% |
| Distributable reserves | 133 | €541,126 | €648,118 | +€106,992 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €183,429 | €167,448 | -€15,981 | -8.7% |
| Amounts payable after more than one year | 17 | €111,576 | €80,910 | -€30,666 | -27.5% |
| Financial debts | 170/4 | €111,576 | €80,910 | -€30,666 | -27.5% |
| Amounts payable within one year | 42/48 | €70,798 | €86,538 | +€15,740 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €30,308 | €30,666 | +€358 | +1.2% |
| Trade debts | 44 | €3,843 | €20,678 | +€16,835 | +438.1% |
| Suppliers | 440/4 | €3,843 | €20,678 | +€16,835 | +438.1% |
| Taxes, remuneration and social security | 45 | €23,156 | €23,517 | +€362 | +1.6% |
| Taxes | 450/3 | €23,156 | €23,517 | +€362 | +1.6% |
| Other amounts payable | 47/48 | €13,491 | €11,676 | -€1,815 | -13.5% |
| Accrued charges and deferred income | 492/3 | €1,055 | €0 | -€1,055 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,204 | €30,810 | -€9,394 | -23.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,408 | €0 | -€13,408 | -100.0% |
| Other operating charges | 640/8 | €3,989 | €2,818 | -€1,171 | -29.4% |
| Gross operating margin | 9900 | €243,225 | €204,582 | -€38,642 | -15.9% |
| Operating profit (loss) | 9901 | €185,624 | €170,955 | -€14,669 | -7.9% |
| Financial income | 75/76B | €2,622 | €1,013 | -€1,609 | -61.4% |
| Recurring financial income | 75 | €2,622 | €1,013 | -€1,609 | -61.4% |
| Financial charges | 65/66B | €3,208 | €2,160 | -€1,047 | -32.7% |
| Recurring financial charges | 65 | €3,208 | €2,160 | -€1,047 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €185,039 | €169,808 | -€15,231 | -8.2% |
| Income taxes | 67/77 | €55,726 | €51,292 | -€4,434 | -8.0% |
| Profit (loss) for the period | 9904 | €129,313 | €118,516 | -€10,797 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €129,313 | €118,516 | -€10,797 | -8.3% |
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 29 September 2026 via checked.be.