DTO: 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.
DTO
Largest movements
- Tangible fixed assets +€82,382
up €82,382 (+17.9%), from €459,616 to €541,999
of which Leasing and similar rights: +€43,063
- Cash -€33,217
down €33,217 (-43.5%), from €76,277 to €43,061
mainly Investment in fixed assets (net) (-€222,434) and Other debts (-€89,011)
- Intangible fixed assets -€12,960
down €12,960 (-28.2%), from €45,910 to €32,950
- Other debts -€89,011
down €89,011 (-89.7%), from €99,224 to €10,213
- Reserves +€74,000
up €74,000 (+2,643%), from €2,800 to €76,800
- Trade debts +€43,166
up €43,166 (+27.7%), from €155,804 to €198,970
- Tax, wage and social debts +€30,978
up €30,978 (+22.3%), from €138,634 to €169,611
of which Taxes: +€30,103
- Debts after one year -€25,358
down €25,358 (-9.8%), from €259,620 to €234,262
- Staff costs -€163,128
down €163,128 (-21.7%), from €750,629 to €587,501
- Depreciation +€46,491
up €46,491 (+43.5%), from €106,781 to €153,272
- Taxes +€43,265
up €43,265, from €0 to €43,265
- Other operating charges +€21,465
up €21,465 (+14.6%), from €147,123 to €168,588
- Gross operating margin -€20,431
down €20,431 (-1.9%), from €1.1m to €1.1m
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 | €919,925 | €942,863 | +€22,938 | +2.5% |
| Fixed assets | 21/28 | €526,427 | €595,588 | +€69,161 | +13.1% |
| Intangible fixed assets | 21 | €45,910 | €32,950 | -€12,960 | -28.2% |
| Tangible fixed assets | 22/27 | €459,616 | €541,999 | +€82,382 | +17.9% |
| Land and buildings | 22 | €3,972 | €3,542 | -€430 | -10.8% |
| Plant, machinery and equipment | 23 | €32,664 | €37,205 | +€4,541 | +13.9% |
| Furniture and vehicles | 24 | €148,520 | €183,729 | +€35,209 | +23.7% |
| Leasing and similar rights | 25 | €274,461 | €317,523 | +€43,063 | +15.7% |
| Financial fixed assets | 28 | €20,900 | €20,639 | -€261 | -1.2% |
| Current assets | 29/58 | €393,498 | €347,275 | -€46,223 | -11.7% |
| Amounts receivable within one year | 40/41 | €286,114 | €279,697 | -€6,417 | -2.2% |
| Trade receivables | 40 | €279,722 | €242,911 | -€36,811 | -13.2% |
| Other amounts receivable | 41 | €6,392 | €36,786 | +€30,394 | +476% |
| Cash at bank and in hand | 54/58 | €76,277 | €43,061 | -€33,217 | -43.5% |
| Deferred charges and accrued income | 490/1 | €31,107 | €24,517 | -€6,590 | -21.2% |
| Total equity and liabilities | 10/49 | €919,925 | €942,863 | +€22,938 | +2.5% |
| Equity | 10/15 | €29,356 | €84,493 | +€55,137 | +188% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €2,800 | €76,800 | +€74,000 | +2,643% |
| Distributable reserves | 133 | €2,800 | €76,800 | +€74,000 | +2,643% |
| Profit (loss) carried forward | 14 | €19,056 | €193 | -€18,863 | -99.0% |
| Amounts payable | 17/49 | €890,568 | €858,370 | -€32,199 | -3.6% |
| Amounts payable after more than one year | 17 | €259,620 | €234,262 | -€25,358 | -9.8% |
| Financial debts | 170/4 | €259,620 | €234,262 | -€25,358 | -9.8% |
| Amounts payable within one year | 42/48 | €627,686 | €620,845 | -€6,841 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €114,413 | €133,795 | +€19,382 | +16.9% |
| Financial debts | 43 | €119,612 | €108,257 | -€11,355 | -9.5% |
| Credit institutions | 430/8 | €119,612 | €108,257 | -€11,355 | -9.5% |
| Trade debts | 44 | €155,804 | €198,970 | +€43,166 | +27.7% |
| Suppliers | 440/4 | €155,804 | €198,970 | +€43,166 | +27.7% |
| Taxes, remuneration and social security | 45 | €138,634 | €169,611 | +€30,978 | +22.3% |
| Taxes | 450/3 | €61,879 | €91,982 | +€30,103 | +48.6% |
| Remuneration and social security | 454/9 | €76,755 | €77,629 | +€875 | +1.1% |
| Other amounts payable | 47/48 | €99,224 | €10,213 | -€89,011 | -89.7% |
| Accrued charges and deferred income | 492/3 | €3,263 | €3,263 | = | 0.0% |
| Non-recurring operating income | 76A | €15,171 | €0 | -€15,171 | -100% |
| Remuneration, social security and pensions | 62 | €750,629 | €587,501 | -€163,128 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,781 | €153,272 | +€46,491 | +43.5% |
| Other operating charges | 640/8 | €147,123 | €168,588 | +€21,465 | +14.6% |
| Gross operating margin | 9900 | €1,080,470 | €1,060,039 | -€20,431 | -1.9% |
| Operating profit (loss) | 9901 | €75,937 | €150,677 | +€74,741 | +98.4% |
| Financial income | 75/76B | €13 | €785 | +€772 | +5,955% |
| Recurring financial income | 75 | €13 | €785 | +€772 | +5,955% |
| Financial charges | 65/66B | €56,985 | €53,060 | -€3,925 | -6.9% |
| Recurring financial charges | 65 | €56,985 | €53,060 | -€3,925 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €18,964 | €98,402 | +€79,438 | +419% |
| Income taxes | 67/77 | €0 | €43,265 | +€43,265 | |
| Profit (loss) for the period | 9904 | €18,964 | €55,137 | +€36,172 | +191% |
| Profit (loss) for the period to be appropriated | 9905 | €18,964 | €55,137 | +€36,172 | +191% |
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 16 October 2026 via checked.be.