GROUP D&D: 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.
GROUP D&D
Largest movements
- Receivables within one year -€134,086
down €134,086 (-47.8%), from €280,621 to €146,534
of which Trade receivables: -€73,596
- Stocks and contracts -€88,413
down €88,413 (-23.3%), from €379,144 to €290,731
- Tangible fixed assets -€26,866
down €26,866 (-30.6%), from €87,808 to €60,942
of which Leasing and similar rights: -€20,895
- Short-term financial debts -€312,000
no longer reported in 2025 (was €312,000)
- Debts after one year +€269,392
up €269,392 (+186%), from €144,567 to €413,959
- Trade debts -€180,035
down €180,035 (-96.4%), from €186,674 to €6,639
- Tax, wage and social debts -€28,351
down €28,351 (-35.0%), from €81,118 to €52,767
of which Remuneration and social security: -€18,945
- Profit (loss) carried forward +€8,823
up €8,823 (+3.2%), from -€279,211 to -€270,387
- Gross operating margin +€103,870
up €103,870 (+32.5%), from €319,768 to €423,637
- Staff costs +€78,864
up €78,864 (+30.8%), from €255,939 to €334,803
- Other operating charges +€23,936
up €23,936 (+438%), from €5,461 to €29,396
- Financial income -€6,835
down €6,835 (-99.3%), from €6,881 to €46
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 | €792,166 | €550,083 | -€242,083 | -30.6% |
| Fixed assets | 21/28 | €93,308 | €66,442 | -€26,866 | -28.8% |
| Tangible fixed assets | 22/27 | €87,808 | €60,942 | -€26,866 | -30.6% |
| Land and buildings | 22 | €22,764 | €12,158 | -€10,606 | -46.6% |
| Plant, machinery and equipment | 23 | €68 | €4,134 | +€4,066 | +6,003% |
| Furniture and vehicles | 24 | €2,071 | €2,639 | +€568 | +27.4% |
| Leasing and similar rights | 25 | €62,905 | €42,011 | -€20,895 | -33.2% |
| Financial fixed assets | 28 | €5,500 | €5,500 | = | 0.0% |
| Current assets | 29/58 | €698,858 | €483,641 | -€215,217 | -30.8% |
| Stocks and contracts in progress | 3 | €379,144 | €290,731 | -€88,413 | -23.3% |
| Stocks | 30/36 | €379,144 | €290,731 | -€88,413 | -23.3% |
| Amounts receivable within one year | 40/41 | €280,621 | €146,534 | -€134,086 | -47.8% |
| Trade receivables | 40 | €204,943 | €131,348 | -€73,596 | -35.9% |
| Other amounts receivable | 41 | €75,677 | €15,187 | -€60,490 | -79.9% |
| Cash at bank and in hand | 54/58 | €37,467 | €39,753 | +€2,285 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,627 | €6,623 | +€4,997 | +307% |
| Total equity and liabilities | 10/49 | €792,166 | €550,083 | -€242,083 | -30.6% |
| Equity | 10/15 | €40,291 | €49,114 | +€8,823 | +21.9% |
| Contributions | 10/11 | €305,000 | €305,000 | = | 0.0% |
| Reserves | 13 | €14,502 | €14,502 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,502 | €14,502 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,502 | €14,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€279,211 | -€270,387 | +€8,823 | +3.2% |
| Amounts payable | 17/49 | €751,875 | €500,969 | -€250,906 | -33.4% |
| Amounts payable after more than one year | 17 | €144,567 | €413,959 | +€269,392 | +186% |
| Financial debts | 170/4 | €144,567 | €413,959 | +€269,392 | +186% |
| Amounts payable within one year | 42/48 | €607,308 | €87,010 | -€520,298 | -85.7% |
| Current portion of amounts payable after more than one year | 42 | €27,516 | €27,604 | +€89 | +0.3% |
| Financial debts | 43 | €312,000 | - | -€312,000 | |
| Credit institutions | 430/8 | €312,000 | - | -€312,000 | |
| Trade debts | 44 | €186,674 | €6,639 | -€180,035 | -96.4% |
| Suppliers | 440/4 | €186,674 | €6,639 | -€180,035 | -96.4% |
| Taxes, remuneration and social security | 45 | €81,118 | €52,767 | -€28,351 | -35.0% |
| Taxes | 450/3 | €62,173 | €52,767 | -€9,407 | -15.1% |
| Remuneration and social security | 454/9 | €18,945 | - | -€18,945 | |
| Remuneration, social security and pensions | 62 | €255,939 | €334,803 | +€78,864 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,923 | €22,959 | -€3,964 | -14.7% |
| Other operating charges | 640/8 | €5,461 | €29,396 | +€23,936 | +438% |
| Gross operating margin | 9900 | €319,768 | €423,637 | +€103,870 | +32.5% |
| Operating profit (loss) | 9901 | €31,445 | €36,478 | +€5,034 | +16.0% |
| Financial income | 75/76B | €6,881 | €46 | -€6,835 | -99.3% |
| Recurring financial income | 75 | €6,881 | €46 | -€6,835 | -99.3% |
| Financial charges | 65/66B | €26,286 | €26,821 | +€535 | +2.0% |
| Recurring financial charges | 65 | €26,286 | €26,821 | +€535 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €12,040 | €9,704 | -€2,336 | -19.4% |
| Income taxes | 67/77 | €1,145 | €881 | -€264 | -23.1% |
| Profit (loss) for the period | 9904 | €10,896 | €8,823 | -€2,072 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,896 | €8,823 | -€2,072 | -19.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.