DTR INVEST: 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.
DTR INVEST
Largest movements
- Receivables within one year +€241,307
up €241,307 (+35.6%), from €677,179 to €918,486
of which Trade receivables: +€312,918
- Tangible fixed assets +€229,581
up €229,581 (+17.3%), from €1.3m to €1.6m
of which Land and buildings: +€250,257
- Cash -€145,298
down €145,298 (-73.3%), from €198,240 to €52,942
mainly Investment in fixed assets (net) (-€361,113) and Receivables within one year (-€241,307)
- Reserves +€234,925
up €234,925 (+21.9%), from €1.1m to €1.3m
- Advances received +€138,129
new in 2025: €138,129
- Debts after one year -€99,129
down €99,129 (-12.6%), from €786,151 to €687,022
- Current portion of long-term debt +€30,323
up €30,323 (+11.6%), from €262,305 to €292,628
- Depreciation +€46,845
up €46,845 (+51.9%), from €90,243 to €137,089
- Gross operating margin +€25,402
up €25,402 (+4.9%), from €515,640 to €541,043
- Other operating charges -€16,564
down €16,564 (-87.5%), from €18,931 to €2,367
- Financial charges +€14,024
up €14,024 (+115%), from €12,172 to €26,195
- Taxes -€11,838
down €11,838 (-9.6%), from €123,057 to €111,219
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 | €2,219,281 | €2,532,728 | +€313,446 | +14.1% |
| Fixed assets | 21/28 | €1,333,520 | €1,557,545 | +€224,025 | +16.8% |
| Intangible fixed assets | 21 | €8,216 | €2,660 | -€5,557 | -67.6% |
| Tangible fixed assets | 22/27 | €1,325,304 | €1,554,885 | +€229,581 | +17.3% |
| Land and buildings | 22 | €1,261,695 | €1,511,952 | +€250,257 | +19.8% |
| Plant, machinery and equipment | 23 | €12,198 | €12,204 | +€6 | +0.1% |
| Furniture and vehicles | 24 | €28,071 | €22,689 | -€5,383 | -19.2% |
| Leasing and similar rights | 25 | €23,340 | €8,041 | -€15,299 | -65.5% |
| Current assets | 29/58 | €885,761 | €975,183 | +€89,422 | +10.1% |
| Stocks and contracts in progress | 3 | €932 | - | -€932 | |
| Stocks | 30/36 | €932 | - | -€932 | |
| Amounts receivable within one year | 40/41 | €677,179 | €918,486 | +€241,307 | +35.6% |
| Trade receivables | 40 | €122,993 | €435,911 | +€312,918 | +254% |
| Other amounts receivable | 41 | €554,186 | €482,575 | -€71,611 | -12.9% |
| Cash at bank and in hand | 54/58 | €198,240 | €52,942 | -€145,298 | -73.3% |
| Deferred charges and accrued income | 490/1 | €9,410 | €3,755 | -€5,655 | -60.1% |
| Total equity and liabilities | 10/49 | €2,219,281 | €2,532,728 | +€313,446 | +14.1% |
| Equity | 10/15 | €1,086,241 | €1,321,166 | +€234,925 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,073,841 | €1,308,766 | +€234,925 | +21.9% |
| Distributable reserves | 133 | €1,073,841 | €1,308,766 | +€234,925 | +21.9% |
| Provisions and deferred taxes | 16 | €27,281 | €27,281 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,281 | €27,281 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,281 | €27,281 | = | 0.0% |
| Amounts payable | 17/49 | €1,105,760 | €1,184,281 | +€78,521 | +7.1% |
| Amounts payable after more than one year | 17 | €786,151 | €687,022 | -€99,129 | -12.6% |
| Financial debts | 170/4 | €786,151 | €687,022 | -€99,129 | -12.6% |
| Amounts payable within one year | 42/48 | €315,014 | €491,549 | +€176,535 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | €262,305 | €292,628 | +€30,323 | +11.6% |
| Trade debts | 44 | €14,808 | €39,171 | +€24,362 | +165% |
| Suppliers | 440/4 | €14,808 | €39,171 | +€24,362 | +165% |
| Advances received on contracts in progress | 46 | - | €138,129 | +€138,129 | |
| Taxes, remuneration and social security | 45 | €22,811 | €19,101 | -€3,711 | -16.3% |
| Taxes | 450/3 | €16,889 | €9,388 | -€7,502 | -44.4% |
| Remuneration and social security | 454/9 | €5,922 | €9,713 | +€3,791 | +64.0% |
| Other amounts payable | 47/48 | €15,090 | €2,520 | -€12,570 | -83.3% |
| Accrued charges and deferred income | 492/3 | €4,594 | €5,710 | +€1,116 | +24.3% |
| Remuneration, social security and pensions | 62 | €21,499 | €27,167 | +€5,668 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,243 | €137,089 | +€46,845 | +51.9% |
| Other operating charges | 640/8 | €18,931 | €2,367 | -€16,564 | -87.5% |
| Gross operating margin | 9900 | €515,640 | €541,043 | +€25,402 | +4.9% |
| Operating profit (loss) | 9901 | €384,966 | €374,420 | -€10,546 | -2.7% |
| Financial income | 75/76B | €8,216 | €4,361 | -€3,856 | -46.9% |
| Recurring financial income | 75 | €8,216 | €4,361 | -€3,856 | -46.9% |
| Financial charges | 65/66B | €12,172 | €26,195 | +€14,024 | +115% |
| Recurring financial charges | 65 | €12,172 | €26,195 | +€14,024 | +115% |
| Profit (loss) for the period before taxes | 9903 | €381,011 | €352,585 | -€28,426 | -7.5% |
| Income taxes | 67/77 | €123,057 | €111,219 | -€11,838 | -9.6% |
| Profit (loss) for the period | 9904 | €257,954 | €241,366 | -€16,588 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €257,954 | €241,366 | -€16,588 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.