D&B CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Tangible fixed assets +€493,745
up €493,745 (+68.5%), from €721,143 to €1.2m
of which Land and buildings: +€520,281
- Stocks and contracts -€43,419
down €43,419 (-26.8%), from €161,868 to €118,449
of which Contracts in progress: -€34,044
- Receivables within one year -€23,564
down €23,564 (-38.2%), from €61,759 to €38,195
of which Trade receivables: -€17,368
- Revaluation surpluses +€546,954
new in 2025: €546,954
- Trade debts -€87,027
down €87,027 (-64.5%), from €134,898 to €47,871
- Debts after one year -€54,905
down €54,905 (-9.7%), from €568,392 to €513,487
- Other debts +€24,082
up €24,082 (+23.9%), from €100,791 to €124,873
- Tax, wage and social debts -€17,460
down €17,460 (-77.2%), from €22,606 to €5,146
of which Remuneration and social security: -€19,426
- Gross operating margin +€64,397
up €64,397 (+65.3%), from €98,639 to €163,036
- Staff costs -€54,140
down €54,140 (-40.8%), from €132,762 to €78,623
- Financial income -€15,058
down €15,058 (-93.5%), from €16,101 to €1,043
of which Non-recurring financial income: -€14,050
- Other operating charges +€4,561
up €4,561 (+200.8%), from €2,272 to €6,834
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.
Cash bridge derived
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 | €957,511 | €1,377,753 | +€420,242 | +43.9% |
| Fixed assets | 21/28 | €727,185 | €1,216,780 | +€489,595 | +67.3% |
| Tangible fixed assets | 22/27 | €721,143 | €1,214,888 | +€493,745 | +68.5% |
| Land and buildings | 22 | €578,134 | €1,098,415 | +€520,281 | +90.0% |
| Plant, machinery and equipment | 23 | €98,945 | €87,480 | -€11,464 | -11.6% |
| Furniture and vehicles | 24 | €8,569 | €4,707 | -€3,863 | -45.1% |
| Leasing and similar rights | 25 | €35,495 | €24,286 | -€11,209 | -31.6% |
| Financial fixed assets | 28 | €6,042 | €1,892 | -€4,150 | -68.7% |
| Current assets | 29/58 | €230,326 | €160,973 | -€69,353 | -30.1% |
| Stocks and contracts in progress | 3 | €161,868 | €118,449 | -€43,419 | -26.8% |
| Stocks | 30/36 | €27,609 | €18,234 | -€9,375 | -34.0% |
| Contracts in progress | 37 | €134,259 | €100,215 | -€34,044 | -25.4% |
| Amounts receivable within one year | 40/41 | €61,759 | €38,195 | -€23,564 | -38.2% |
| Trade receivables | 40 | €33,679 | €16,311 | -€17,368 | -51.6% |
| Other amounts receivable | 41 | €28,080 | €21,884 | -€6,196 | -22.1% |
| Cash at bank and in hand | 54/58 | - | €33 | +€33 | |
| Deferred charges and accrued income | 490/1 | €6,699 | €4,296 | -€2,403 | -35.9% |
| Total equity and liabilities | 10/49 | €957,511 | €1,377,753 | +€420,242 | +43.9% |
| Equity | 10/15 | €23,566 | €580,858 | +€557,292 | +2364.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €546,954 | +€546,954 | |
| Reserves | 13 | €53,393 | €53,393 | = | 0.0% |
| Distributable reserves | 133 | €53,393 | €53,393 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,427 | -€38,090 | +€10,337 | +21.3% |
| Amounts payable | 17/49 | €933,945 | €796,895 | -€137,050 | -14.7% |
| Amounts payable after more than one year | 17 | €568,392 | €513,487 | -€54,905 | -9.7% |
| Financial debts | 170/4 | €568,392 | €513,487 | -€54,905 | -9.7% |
| Amounts payable within one year | 42/48 | €364,948 | €282,795 | -€82,152 | -22.5% |
| Current portion of amounts payable after more than one year | 42 | €54,068 | €54,905 | +€837 | +1.5% |
| Financial debts | 43 | €52,584 | €50,000 | -€2,584 | -4.9% |
| Credit institutions | 430/8 | €52,584 | €50,000 | -€2,584 | -4.9% |
| Trade debts | 44 | €134,898 | €47,871 | -€87,027 | -64.5% |
| Suppliers | 440/4 | €134,898 | €47,871 | -€87,027 | -64.5% |
| Taxes, remuneration and social security | 45 | €22,606 | €5,146 | -€17,460 | -77.2% |
| Taxes | 450/3 | €1,680 | €3,646 | +€1,966 | +117.0% |
| Remuneration and social security | 454/9 | €20,926 | €1,500 | -€19,426 | -92.8% |
| Other amounts payable | 47/48 | €100,791 | €124,873 | +€24,082 | +23.9% |
| Accrued charges and deferred income | 492/3 | €606 | €613 | +€7 | +1.2% |
| Remuneration, social security and pensions | 62 | €132,762 | €78,623 | -€54,140 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,472 | €53,210 | -€262 | -0.5% |
| Other operating charges | 640/8 | €2,272 | €6,834 | +€4,561 | +200.8% |
| Gross operating margin | 9900 | €98,639 | €163,036 | +€64,397 | +65.3% |
| Operating profit (loss) | 9901 | -€89,867 | €24,371 | +€114,237 | |
| Financial income | 75/76B | €16,101 | €1,043 | -€15,058 | -93.5% |
| Recurring financial income | 75 | €2,051 | €1,043 | -€1,008 | -49.1% |
| Non-recurring financial income | 76B | €14,050 | - | -€14,050 | |
| Financial charges | 65/66B | €15,299 | €15,077 | -€222 | -1.5% |
| Recurring financial charges | 65 | €15,299 | €15,077 | -€222 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | -€89,065 | €10,337 | +€99,402 | |
| Income taxes | 67/77 | €416 | - | -€416 | |
| Profit (loss) for the period | 9904 | -€89,481 | €10,337 | +€99,818 | |
| Profit (loss) for the period to be appropriated | 9905 | -€89,481 | €10,337 | +€99,818 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.