26 DB Management: 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.
26 DB Management
Largest movements
- Current investments -€1.1m
down €1.1m (-61.1%), from €1.8m to €700,000
- Receivables within one year +€618,265
up €618,265 (+1,702%), from €36,329 to €654,593
of which Trade receivables: +€607,278
- Tangible fixed assets +€591,035
up €591,035 (+12.2%), from €4.8m to €5.4m
of which Plant, machinery and equipment: +€4.3m
- Cash +€116,031
up €116,031 (+53.5%), from €216,898 to €332,929
mainly Current investments (+€1.1m) and Depreciation (+€396,225)
- Reserves +€296,122
up €296,122 (+12.6%), from €2.4m to €2.7m
of which Distributable reserves: +€296,122
- Debts after one year -€155,059
down €155,059 (-15.8%), from €982,646 to €827,586
- Other debts +€87,485
up €87,485 (+3.9%), from €2.3m to €2.3m
- Financial income -€552,502
down €552,502 (-97.3%), from €567,659 to €15,157
of which Financial income: -€328,973
- Depreciation +€198,208
up €198,208 (+100%), from €198,017 to €396,225
- Taxes -€158,445
down €158,445 (-50.1%), from €316,120 to €157,675
- Financial charges +€143,001
up €143,001, from -€123,647 to €19,354
- Gross operating margin -€113,296
down €113,296 (-10.1%), from €1.1m to €1.0m
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 | €8,178,733 | €8,468,059 | +€289,326 | +3.5% |
| Fixed assets | 21/28 | €5,390,100 | €5,981,135 | +€591,035 | +11.0% |
| Tangible fixed assets | 22/27 | €4,832,979 | €5,424,014 | +€591,035 | +12.2% |
| Land and buildings | 22 | €1,016,124 | €862,042 | -€154,082 | -15.2% |
| Plant, machinery and equipment | 23 | - | €4,263,767 | +€4.3m | |
| Furniture and vehicles | 24 | €142,869 | €107,189 | -€35,680 | -25.0% |
| Other tangible fixed assets | 26 | €191,016 | €191,016 | = | 0.0% |
| Assets under construction and advance payments | 27 | €3,482,970 | €0 | -€3.5m | -100% |
| Financial fixed assets | 28 | €557,121 | €557,121 | = | 0.0% |
| Current assets | 29/58 | €2,788,633 | €2,486,924 | -€301,709 | -10.8% |
| Stocks and contracts in progress | 3 | €718,470 | €718,470 | = | 0.0% |
| Stocks | 30/36 | €718,470 | €718,470 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €36,329 | €654,593 | +€618,265 | +1,702% |
| Trade receivables | 40 | €17,758 | €625,035 | +€607,278 | +3,420% |
| Other amounts receivable | 41 | €18,571 | €29,558 | +€10,987 | +59.2% |
| Current investments | 50/53 | €1,800,000 | €700,000 | -€1.1m | -61.1% |
| Cash at bank and in hand | 54/58 | €216,898 | €332,929 | +€116,031 | +53.5% |
| Deferred charges and accrued income | 490/1 | €16,936 | €80,931 | +€63,996 | +378% |
| Total equity and liabilities | 10/49 | €8,178,733 | €8,468,059 | +€289,326 | +3.5% |
| Equity | 10/15 | €4,478,649 | €4,774,772 | +€296,122 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,357,843 | €2,653,966 | +€296,122 | +12.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,357,843 | €2,653,966 | +€296,122 | +12.6% |
| Profit (loss) carried forward | 14 | €2,102,206 | €2,102,206 | = | 0.0% |
| Amounts payable | 17/49 | €3,700,084 | €3,693,287 | -€6,797 | -0.2% |
| Amounts payable after more than one year | 17 | €982,646 | €827,586 | -€155,059 | -15.8% |
| Financial debts | 170/4 | €982,646 | €827,586 | -€155,059 | -15.8% |
| Amounts payable within one year | 42/48 | €2,700,993 | €2,849,291 | +€148,297 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €166,155 | €167,908 | +€1,753 | +1.1% |
| Trade debts | 44 | €103,200 | €174,203 | +€71,003 | +68.8% |
| Suppliers | 440/4 | €103,200 | €174,203 | +€71,003 | +68.8% |
| Taxes, remuneration and social security | 45 | €170,814 | €158,871 | -€11,944 | -7.0% |
| Taxes | 450/3 | €140,040 | €130,518 | -€9,523 | -6.8% |
| Remuneration and social security | 454/9 | €30,774 | €28,353 | -€2,421 | -7.9% |
| Other amounts payable | 47/48 | €2,260,825 | €2,348,309 | +€87,485 | +3.9% |
| Accrued charges and deferred income | 492/3 | €16,445 | €16,410 | -€35 | -0.2% |
| Non-recurring operating income | 76A | €3,174 | €0 | -€3,174 | -100% |
| Remuneration, social security and pensions | 62 | €128,675 | €127,587 | -€1,089 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €198,017 | €396,225 | +€198,208 | +100% |
| Other operating charges | 640/8 | €24,524 | €31,654 | +€7,130 | +29.1% |
| Gross operating margin | 9900 | €1,126,757 | €1,013,461 | -€113,296 | -10.1% |
| Operating profit (loss) | 9901 | €775,540 | €457,995 | -€317,545 | -40.9% |
| Financial income | 75/76B | €567,659 | €15,157 | -€552,502 | -97.3% |
| Recurring financial income | 75 | €344,130 | €15,157 | -€328,973 | -95.6% |
| Non-recurring financial income | 76B | €223,529 | €0 | -€223,529 | -100% |
| Financial charges | 65/66B | -€123,647 | €19,354 | +€143,001 | |
| Recurring financial charges | 65 | -€123,647 | €19,354 | +€143,001 | |
| Profit (loss) for the period before taxes | 9903 | €1,466,847 | €453,798 | -€1.0m | -69.1% |
| Income taxes | 67/77 | €316,120 | €157,675 | -€158,445 | -50.1% |
| Profit (loss) for the period | 9904 | €1,150,727 | €296,122 | -€854,604 | -74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,150,727 | €296,122 | -€854,604 | -74.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.