DTO: 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
DTO
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€75,139
2024 · €761,876-€686,738
Equity
€1.8m
2024 · €3.1m-€1.3m
Cash
€59,128
2024 · €18,197+€40,931
Balance sheet total
€4.1m
2024 · €6.5m-€2.4m
Largest movements
Assets
- Receivables within one year -€2.4m
down €2.4m (-39.6%), from €6.0m to €3.6m
of which Trade receivables: -€1.8m
- Tangible fixed assets -€67,214
down €67,214 (-47.3%), from €142,161 to €74,947
of which Leasing and similar rights: -€66,884
Equity and liabilities
- Trade debts -€1.3m
down €1.3m (-60.6%), from €2.1m to €833,020
- Profit (loss) carried forward -€1.3m
down €1.3m (-96.4%), from €1.3m to €47,365
- Other debts +€261,164
up €261,164 (+24.0%), from €1.1m to €1.4m
- Debts after one year -€70,065
down €70,065 (-65.7%), from €106,647 to €36,582
of which Financial debts: -€64,171
Income statement
- Goods and materials -€19.6m
down €19.6m (-92.3%), from €21.2m to €1.6m
- Turnover -€19.5m
down €19.5m (-92.0%), from €21.2m to €1.7m
- Other operating income -€250,907
down €250,907 (-51.8%), from €484,251 to €233,344
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
€761,876
Turnover
-€19.5m
Other operating income
-€250,907
Goods and materials
+€19.6m
Services and other goods
+€112,900
Depreciation
+€80,079
Other operating charges
+€699
Other operating items
-€700,048
Financial income
-€66,145
Financial charges
+€74,144
Result 2025
€75,139
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
+€1.5m
Investment
€0
Financing
-€1.4m
Cash 2024
€18,197
From operations (derived)
+€1.5m
Net result for the year
+€75,139
Depreciation
+€67,214
Receivables within one year
+€2.4m
Trade debts
-€1.3m
Tax, wage and social debts
-€31,219
Other debts
+€261,164
Accrued charges and deferred income
+€500
Financing
-€1.4m
Debts after one year
-€70,065
Current portion of long-term debt
-€15,295
Contributions, distributions and other
-€1.4m
Cash 2025
€59,128
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,483,522 | €4,070,921 | -€2.4m | -37.2% |
| Fixed assets | 21/28 | €433,304 | €366,090 | -€67,214 | -15.5% |
| Tangible fixed assets | 22/27 | €142,161 | €74,947 | -€67,214 | -47.3% |
| Furniture and vehicles | 24 | €397 | €67 | -€330 | -83.1% |
| Leasing and similar rights | 25 | €141,764 | €74,880 | -€66,884 | -47.2% |
| Financial fixed assets | 28 | €291,142 | €291,142 | = | 0.0% |
| Other financial fixed assets | 284/8 | €291,142 | €291,142 | = | 0.0% |
| Shares | 284 | €38,775 | €38,775 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €252,367 | €252,367 | = | 0.0% |
| Current assets | 29/58 | €6,050,218 | €3,704,831 | -€2.3m | -38.8% |
| Amounts receivable within one year | 40/41 | €6,032,021 | €3,645,703 | -€2.4m | -39.6% |
| Trade receivables | 40 | €2,704,198 | €906,805 | -€1.8m | -66.5% |
| Other amounts receivable | 41 | €3,327,823 | €2,738,898 | -€588,925 | -17.7% |
| Cash at bank and in hand | 54/58 | €18,197 | €59,128 | +€40,931 | +224.9% |
| Total equity and liabilities | 10/49 | €6,483,522 | €4,070,921 | -€2.4m | -37.2% |
| Equity | 10/15 | €3,055,443 | €1,780,582 | -€1.3m | -41.7% |
| Contributions | 10/11 | €1,593,205 | €1,593,205 | = | 0.0% |
| Capital | 10 | €1,593,205 | €1,593,205 | = | 0.0% |
| Issued capital | 100 | €1,593,205 | €1,593,205 | = | 0.0% |
| Reserves | 13 | €136,252 | €140,012 | +€3,760 | +2.8% |
| Non-distributable reserves | 130/1 | €98,674 | €102,434 | +€3,760 | +3.8% |
| Legal reserve | 130 | €98,674 | €102,434 | +€3,760 | +3.8% |
| Tax-exempt reserves | 132 | €37,579 | €37,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,325,986 | €47,365 | -€1.3m | -96.4% |
| Amounts payable | 17/49 | €3,428,079 | €2,290,339 | -€1.1m | -33.2% |
| Amounts payable after more than one year | 17 | €106,647 | €36,582 | -€70,065 | -65.7% |
| Financial debts | 170/4 | €90,437 | €26,266 | -€64,171 | -71.0% |
| Leasing and similar obligations | 172 | €90,437 | €26,266 | -€64,171 | -71.0% |
| Other amounts payable | 178/9 | €16,210 | €10,316 | -€5,895 | -36.4% |
| Amounts payable within one year | 42/48 | €3,321,431 | €2,253,258 | -€1.1m | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €85,360 | €70,065 | -€15,295 | -17.9% |
| Trade debts | 44 | €2,115,844 | €833,020 | -€1.3m | -60.6% |
| Suppliers | 440/4 | €2,115,844 | €833,020 | -€1.3m | -60.6% |
| Taxes, remuneration and social security | 45 | €31,391 | €172 | -€31,219 | -99.5% |
| Taxes | 450/3 | €31,391 | €172 | -€31,219 | -99.5% |
| Other amounts payable | 47/48 | €1,088,836 | €1,350,000 | +€261,164 | +24.0% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Operating income | 70/76A | €22,407,734 | €1,941,072 | -€20.5m | -91.3% |
| Turnover | 70 | €21,222,354 | €1,706,648 | -€19.5m | -92.0% |
| Other operating income | 74 | €484,251 | €233,344 | -€250,907 | -51.8% |
| Non-recurring operating income | 76A | €701,129 | €1,081 | -€700,048 | -99.8% |
| Operating charges | 60/66A | €21,718,175 | €1,946,249 | -€19.8m | -91.0% |
| Goods for resale, raw materials and consumables | 60 | €21,222,354 | €1,644,106 | -€19.6m | -92.3% |
| Purchases | 600/8 | €21,222,354 | €1,644,106 | -€19.6m | -92.3% |
| Services and other goods | 61 | €284,415 | €171,515 | -€112,900 | -39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €147,293 | €67,214 | -€80,079 | -54.4% |
| Other operating charges | 640/8 | €64,113 | €63,414 | -€699 | -1.1% |
| Operating profit (loss) | 9901 | €689,559 | -€5,177 | -€694,736 | |
| Financial income | 75/76B | €186,945 | €120,799 | -€66,145 | -35.4% |
| Recurring financial income | 75 | €186,945 | €120,799 | -€66,145 | -35.4% |
| Income from current assets | 751 | €186,100 | €120,799 | -€65,301 | -35.1% |
| Other financial income | 752/9 | €845 | - | -€845 | |
| Financial charges | 65/66B | €114,628 | €40,484 | -€74,144 | -64.7% |
| Recurring financial charges | 65 | €114,628 | €40,484 | -€74,144 | -64.7% |
| Debt charges | 650 | €114,613 | €40,484 | -€74,129 | -64.7% |
| Other financial charges | 652/9 | €15 | - | -€15 | |
| Profit (loss) for the period before taxes | 9903 | €761,876 | €75,139 | -€686,738 | -90.1% |
| Profit (loss) for the period | 9904 | €761,876 | €75,139 | -€686,738 | -90.1% |
| Transfer to tax-exempt reserves | 689 | €37,579 | - | -€37,579 | |
| Profit (loss) for the period to be appropriated | 9905 | €724,298 | €75,139 | -€649,159 | -89.6% |
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.