D&B: 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.
D&B
Largest movements
- Stocks and contracts -€347,846
down €347,846 (-82.1%), from €423,734 to €75,888
- Cash +€73,686
new in 2025: €73,686
mainly Stocks and contracts (+€347,846) and Other debts (+€61,741)
- Current portion of long-term debt -€300,000
down €300,000 (-100%), from €300,000 to €0
- Short-term financial debts -€91,231
down €91,231 (-100%), from €91,231 to €0
of which Other loans: -€87,100
- Other debts +€61,741
up €61,741 (+122%), from €50,718 to €112,459
- Reserves +€27,856
new in 2025: €27,856
- Profit (loss) carried forward +€18,177
up €18,177, from -€18,177 to €0
- Gross operating margin +€44,830
up €44,830, from -€3,696 to €41,134
- Financial income +€30,039
up €30,039 (+150,194%), from €20 to €30,059
- Taxes +€6,964
new in 2025: €6,964
- Financial charges +€2,714
up €2,714 (+18.7%), from €14,501 to €17,216
- Other operating charges +€979
new in 2025: €979
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 | €423,871 | €149,575 | -€274,296 | -64.7% |
| Current assets | 29/58 | €423,871 | €149,575 | -€274,296 | -64.7% |
| Stocks and contracts in progress | 3 | €423,734 | €75,888 | -€347,846 | -82.1% |
| Stocks | 30/36 | €423,734 | €75,888 | -€347,846 | -82.1% |
| Amounts receivable within one year | 40/41 | €137 | €0 | -€137 | -100% |
| Other amounts receivable | 41 | €137 | €0 | -€137 | -100% |
| Cash at bank and in hand | 54/58 | - | €73,686 | +€73,686 | |
| Total equity and liabilities | 10/49 | €423,871 | €149,575 | -€274,296 | -64.7% |
| Equity | 10/15 | -€18,077 | €27,956 | +€46,034 | |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | - | €27,856 | +€27,856 | |
| Distributable reserves | 133 | - | €27,856 | +€27,856 | |
| Profit (loss) carried forward | 14 | -€18,177 | €0 | +€18,177 | |
| Amounts payable | 17/49 | €441,948 | €121,619 | -€320,330 | -72.5% |
| Amounts payable after more than one year | 17 | - | €2,087 | +€2,087 | |
| Other amounts payable | 178/9 | - | €2,087 | +€2,087 | |
| Amounts payable within one year | 42/48 | €441,948 | €119,532 | -€322,417 | -73.0% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €0 | -€300,000 | -100% |
| Financial debts | 43 | €91,231 | €0 | -€91,231 | -100% |
| Credit institutions | 430/8 | €4,131 | €0 | -€4,131 | -100% |
| Other loans | 439 | €87,100 | €0 | -€87,100 | -100% |
| Trade debts | 44 | - | €109 | +€109 | |
| Suppliers | 440/4 | - | €109 | +€109 | |
| Taxes, remuneration and social security | 45 | - | €6,964 | +€6,964 | |
| Taxes | 450/3 | - | €6,964 | +€6,964 | |
| Other amounts payable | 47/48 | €50,718 | €112,459 | +€61,741 | +122% |
| Other operating charges | 640/8 | - | €979 | +€979 | |
| Gross operating margin | 9900 | -€3,696 | €41,134 | +€44,830 | |
| Operating profit (loss) | 9901 | -€3,696 | €40,155 | +€43,851 | |
| Financial income | 75/76B | €20 | €30,059 | +€30,039 | +150,194% |
| Recurring financial income | 75 | €20 | €30,059 | +€30,039 | +150,194% |
| Financial charges | 65/66B | €14,501 | €17,216 | +€2,714 | +18.7% |
| Recurring financial charges | 65 | €14,501 | €17,216 | +€2,714 | +18.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,177 | €52,998 | +€71,175 | |
| Income taxes | 67/77 | - | €6,964 | +€6,964 | |
| Profit (loss) for the period | 9904 | -€18,177 | €46,034 | +€64,211 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,177 | €46,034 | +€64,211 |
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.