D.B. ESTATE: what changed
What changed
D.B. ESTATE
NACE 43.350, Other building finishing work
filed annual accounts (NBB)
Net result for the year
-€30,752
2024 · €5,480-€36,231
Equity
€309,091
2024 · €342,843-€33,752
Cash
€13,039
2024 · €3,649+€9,389
Balance sheet total
€604,330
2024 · €693,168-€88,839
Largest movements
Assets
- Receivables within one year -€83,929
down €83,929 (-16.9%), from €496,542 to €412,614
of which Trade receivables: -€43,010
- Tangible fixed assets -€13,773
down €13,773 (-7.2%), from €192,167 to €178,394
of which Land and buildings: -€13,043
- Cash +€9,389
up €9,389 (+257%), from €3,649 to €13,039
mainly Tax, wage and social debts (+€89,094) and Receivables within one year (+€83,929)
Equity and liabilities
- Provisions -€113,653
no longer reported in 2025 (was €113,653)
- Tax, wage and social debts +€89,094
up €89,094 (+1,724%), from €5,169 to €94,263
- Reserves -€60,081
down €60,081 (-17.5%), from €343,481 to €283,400
of which Tax-exempt reserves: -€340,081
- Profit (loss) carried forward +€26,329
up €26,329, from -€25,638 to €691
- Current portion of long-term debt -€20,279
down €20,279 (-45.8%), from €44,277 to €23,998
Income statement
- Taxes +€101,455
new in 2025: €101,455
- Gross operating margin -€74,072
down €74,072, from €60,636 to -€13,436
- Staff costs -€10,518
down €10,518 (-70.7%), from €14,885 to €4,367
- Financial charges -€3,045
down €3,045 (-31.5%), from €9,661 to €6,616
- Write-downs +€609
new in 2025: €609
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.
Result 2024
€5,480
Gross operating margin
-€74,072
Staff costs
+€10,518
Depreciation
+€229
Write-downs
-€609
Other operating charges
-€58
Other operating items
+€13,016
Financial income
+€24
Financial charges
+€3,045
Taxes
-€101,455
Deferred taxes and other
+€113,129
Result 2025
-€30,752
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€50,438
Investment
€0
Financing
-€41,048
Cash 2024
€3,649
From operations (derived)
+€50,438
Net result for the year
-€30,752
Depreciation
+€13,773
Receivables within one year
+€83,929
Deferred charges and accrued income
+€526
Provisions
-€113,653
Trade debts
+€6,705
Tax, wage and social debts
+€89,094
Other debts
+€815
Financing
-€41,048
Debts after one year
-€17,769
Current portion of long-term debt
-€20,279
Contributions, distributions and other
-€3,000
Cash 2025
€13,039
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €693,168 | €604,330 | -€88,839 | -12.8% |
| Fixed assets | 21/28 | €192,217 | €178,444 | -€13,773 | -7.2% |
| Tangible fixed assets | 22/27 | €192,167 | €178,394 | -€13,773 | -7.2% |
| Land and buildings | 22 | €190,903 | €177,860 | -€13,043 | -6.8% |
| Furniture and vehicles | 24 | €1,264 | €534 | -€730 | -57.8% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €500,951 | €425,886 | -€75,065 | -15.0% |
| Amounts receivable within one year | 40/41 | €496,542 | €412,614 | -€83,929 | -16.9% |
| Trade receivables | 40 | €83,665 | €40,655 | -€43,010 | -51.4% |
| Other amounts receivable | 41 | €412,877 | €371,959 | -€40,918 | -9.9% |
| Cash at bank and in hand | 54/58 | €3,649 | €13,039 | +€9,389 | +257% |
| Deferred charges and accrued income | 490/1 | €759 | €233 | -€526 | -69.3% |
| Total equity and liabilities | 10/49 | €693,168 | €604,330 | -€88,839 | -12.8% |
| Equity | 10/15 | €342,843 | €309,091 | -€33,752 | -9.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €343,481 | €283,400 | -€60,081 | -17.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €340,981 | €900 | -€340,081 | -99.7% |
| Distributable reserves | 133 | - | €280,000 | +€280,000 | |
| Profit (loss) carried forward | 14 | -€25,638 | €691 | +€26,329 | |
| Provisions and deferred taxes | 16 | €113,653 | - | -€113,653 | |
| Deferred taxes | 168 | €113,653 | - | -€113,653 | |
| Amounts payable | 17/49 | €236,673 | €295,239 | +€58,566 | +24.7% |
| Amounts payable after more than one year | 17 | €116,462 | €98,692 | -€17,769 | -15.3% |
| Financial debts | 170/4 | €116,462 | €98,692 | -€17,769 | -15.3% |
| Amounts payable within one year | 42/48 | €120,211 | €196,547 | +€76,335 | +63.5% |
| Current portion of amounts payable after more than one year | 42 | €44,277 | €23,998 | -€20,279 | -45.8% |
| Financial debts | 43 | €60,000 | €60,000 | = | 0.0% |
| Credit institutions | 430/8 | €60,000 | €60,000 | = | 0.0% |
| Trade debts | 44 | €8,581 | €15,286 | +€6,705 | +78.1% |
| Suppliers | 440/4 | €8,581 | €15,286 | +€6,705 | +78.1% |
| Taxes, remuneration and social security | 45 | €5,169 | €94,263 | +€89,094 | +1,724% |
| Taxes | 450/3 | €5,169 | €94,263 | +€89,094 | +1,724% |
| Other amounts payable | 47/48 | €2,185 | €3,000 | +€815 | +37.3% |
| Non-recurring operating income | 76A | €123 | €2,141 | +€2,017 | +1,637% |
| Remuneration, social security and pensions | 62 | €14,885 | €4,367 | -€10,518 | -70.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,003 | €13,773 | -€229 | -1.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €609 | +€609 | |
| Other operating charges | 640/8 | €2,777 | €2,835 | +€58 | +2.1% |
| Non-recurring operating charges | 66A | €14,354 | €1,338 | -€13,016 | -90.7% |
| Gross operating margin | 9900 | €60,636 | -€13,436 | -€74,072 | |
| Operating profit (loss) | 9901 | €14,618 | -€36,358 | -€50,976 | |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €9,661 | €6,616 | -€3,045 | -31.5% |
| Recurring financial charges | 65 | €9,661 | €6,616 | -€3,045 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €4,956 | -€42,949 | -€47,906 | |
| Transfer from deferred taxes | 780 | €523 | €113,653 | +€113,129 | +21,625% |
| Income taxes | 67/77 | - | €101,455 | +€101,455 | |
| Profit (loss) for the period | 9904 | €5,480 | -€30,752 | -€36,231 | |
| Transfer from tax-exempt reserves | 789 | €1,571 | €340,081 | +€338,510 | +21,546% |
| Profit (loss) for the period to be appropriated | 9905 | €7,051 | €309,329 | +€302,279 | +4,287% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.