DdS Law: what changed
DdS Law
Largest movements
- Tangible fixed assets -€8,539
down €8,539 (-39.1%), from €21,847 to €13,308
- Intangible fixed assets -€7,614
down €7,614 (-100%), from €7,614 to €0
- Receivables within one year +€7,132
up €7,132 (+12.7%), from €56,013 to €63,146
of which Trade receivables: +€6,530
- Cash -€6,614
down €6,614 (-23.1%), from €28,692 to €22,079
mainly Contributions, distributions and other (-€80,000) and Trade debts (-€7,450)
- Reserves -€24,181
down €24,181 (-52.5%), from €46,058 to €21,877
of which Distributable reserves: -€24,181
- Other debts +€20,000
up €20,000 (+33.3%), from €60,000 to €80,000
- Trade debts -€7,450
down €7,450 (-59.0%), from €12,630 to €5,180
- Current portion of long-term debt -€5,433
down €5,433 (-100%), from €5,433 to €0
- Gross operating margin +€16,527
up €16,527 (+22.3%), from €74,251 to €90,779
- Depreciation -€6,778
down €6,778 (-29.6%), from €22,931 to €16,153
- Taxes +€4,479
up €4,479 (+37.0%), from €12,103 to €16,583
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,732 | €128,241 | -€16,492 | -11.4% |
| Fixed assets | 21/28 | €33,061 | €16,908 | -€16,153 | -48.9% |
| Intangible fixed assets | 21 | €7,614 | €0 | -€7,614 | -100% |
| Tangible fixed assets | 22/27 | €21,847 | €13,308 | -€8,539 | -39.1% |
| Plant, machinery and equipment | 23 | €11,170 | €8,187 | -€2,983 | -26.7% |
| Furniture and vehicles | 24 | €3,113 | €0 | -€3,113 | -100% |
| Other tangible fixed assets | 26 | €7,564 | €5,121 | -€2,443 | -32.3% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €111,671 | €111,332 | -€339 | -0.3% |
| Amounts receivable after more than one year | 29 | €26,066 | €26,108 | +€43 | +0.2% |
| Other amounts receivable | 291 | €26,066 | €26,108 | +€43 | +0.2% |
| Amounts receivable within one year | 40/41 | €56,013 | €63,146 | +€7,132 | +12.7% |
| Trade receivables | 40 | €18,451 | €24,982 | +€6,530 | +35.4% |
| Other amounts receivable | 41 | €37,562 | €38,164 | +€602 | +1.6% |
| Cash at bank and in hand | 54/58 | €28,692 | €22,079 | -€6,614 | -23.1% |
| Deferred charges and accrued income | 490/1 | €900 | €0 | -€900 | -100% |
| Total equity and liabilities | 10/49 | €144,732 | €128,241 | -€16,492 | -11.4% |
| Equity | 10/15 | €64,658 | €40,477 | -€24,181 | -37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,058 | €21,877 | -€24,181 | -52.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €46,058 | €21,877 | -€24,181 | -52.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €80,075 | €87,764 | +€7,689 | +9.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €79,690 | €87,586 | +€7,895 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €5,433 | €0 | -€5,433 | -100% |
| Trade debts | 44 | €12,630 | €5,180 | -€7,450 | -59.0% |
| Suppliers | 440/4 | €12,630 | €5,180 | -€7,450 | -59.0% |
| Taxes, remuneration and social security | 45 | €1,628 | €2,406 | +€778 | +47.8% |
| Taxes | 450/3 | €1,628 | €2,323 | +€695 | +42.7% |
| Remuneration and social security | 454/9 | - | €83 | +€83 | |
| Other amounts payable | 47/48 | €60,000 | €80,000 | +€20,000 | +33.3% |
| Accrued charges and deferred income | 492/3 | €384 | €178 | -€206 | -53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,931 | €16,153 | -€6,778 | -29.6% |
| Other operating charges | 640/8 | €1,423 | €1,722 | +€299 | +21.0% |
| Gross operating margin | 9900 | €74,251 | €90,779 | +€16,527 | +22.3% |
| Operating profit (loss) | 9901 | €49,898 | €72,904 | +€23,006 | +46.1% |
| Financial income | 75/76B | €44 | €67 | +€23 | +52.9% |
| Recurring financial income | 75 | €44 | €67 | +€23 | +52.9% |
| Financial charges | 65/66B | €684 | €569 | -€115 | -16.8% |
| Recurring financial charges | 65 | €684 | €569 | -€115 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €49,257 | €72,402 | +€23,144 | +47.0% |
| Income taxes | 67/77 | €12,103 | €16,583 | +€4,479 | +37.0% |
| Profit (loss) for the period | 9904 | €37,154 | €55,819 | +€18,665 | +50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €37,154 | €55,819 | +€18,665 | +50.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.