D.B. - INVEST: what changed
What changed
D.B. - INVEST
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€31,304
2024 · €8,140+€23,165
Equity
€274,053
2024 · €242,749+€31,304
Cash
€144,461
2024 · €28,535+€115,925
Balance sheet total
€384,976
2024 · €322,594+€62,382
Largest movements
Assets
- Cash +€115,925
up €115,925 (+406%), from €28,535 to €144,461
mainly Net result for the year (+€31,304) and Depreciation (+€28,143)
- Tangible fixed assets -€28,143
down €28,143 (-20.2%), from €139,633 to €111,491
of which Land and buildings: -€27,244
- Receivables within one year -€15,887
down €15,887 (-36.7%), from €43,298 to €27,411
of which Trade receivables: -€9,908
- Deferred charges and accrued income -€9,514
down €9,514 (-49.6%), from €19,179 to €9,665
Equity and liabilities
- Reserves +€31,304
up €31,304 (+22.1%), from €141,769 to €173,073
of which Non-distributable reserves: +€40,459
- Other debts +€25,445
up €25,445 (+38.8%), from €65,569 to €91,014
- Tax, wage and social debts +€8,670
new in 2025: €8,670
Income statement
- Gross operating margin +€34,393
up €34,393 (+68.7%), from €50,089 to €84,482
- Taxes +€9,535
up €9,535 (+144%), from €6,610 to €16,145
- Financial charges +€1,194
up €1,194 (+31.7%), from €3,767 to €4,961
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
€8,140
Gross operating margin
+€34,393
Depreciation
-€372
Other operating charges
-€281
Other operating items
+€116
Financial income
+€38
Financial charges
-€1,194
Taxes
-€9,535
Result 2025
€31,304
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
+€115,925
Investment
€0
Financing
€0
Cash 2024
€28,535
From operations (derived)
+€115,925
Net result for the year
+€31,304
Depreciation
+€28,143
Receivables within one year
+€15,887
Deferred charges and accrued income
+€9,514
Provisions
-€3,051
Trade debts
-€2,231
Tax, wage and social debts
+€8,670
Other debts
+€25,445
Accrued charges and deferred income
+€2,244
Cash 2025
€144,461
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,594 | €384,976 | +€62,382 | +19.3% |
| Fixed assets | 21/28 | €231,581 | €203,439 | -€28,143 | -12.2% |
| Tangible fixed assets | 22/27 | €139,633 | €111,491 | -€28,143 | -20.2% |
| Land and buildings | 22 | €136,939 | €109,694 | -€27,244 | -19.9% |
| Plant, machinery and equipment | 23 | €2,695 | €1,796 | -€898 | -33.3% |
| Financial fixed assets | 28 | €91,948 | €91,948 | = | 0.0% |
| Current assets | 29/58 | €91,013 | €181,537 | +€90,524 | +99.5% |
| Amounts receivable within one year | 40/41 | €43,298 | €27,411 | -€15,887 | -36.7% |
| Trade receivables | 40 | €37,191 | €27,283 | -€9,908 | -26.6% |
| Other amounts receivable | 41 | €6,107 | €128 | -€5,979 | -97.9% |
| Cash at bank and in hand | 54/58 | €28,535 | €144,461 | +€115,925 | +406% |
| Deferred charges and accrued income | 490/1 | €19,179 | €9,665 | -€9,514 | -49.6% |
| Total equity and liabilities | 10/49 | €322,594 | €384,976 | +€62,382 | +19.3% |
| Equity | 10/15 | €242,749 | €274,053 | +€31,304 | +12.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €141,769 | €173,073 | +€31,304 | +22.1% |
| Non-distributable reserves | 130/1 | €74,321 | €114,780 | +€40,459 | +54.4% |
| Other | 1319 | €74,321 | €114,780 | +€40,459 | +54.4% |
| Tax-exempt reserves | 132 | €46,448 | €37,293 | -€9,154 | -19.7% |
| Distributable reserves | 133 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €980 | €980 | = | 0.0% |
| Provisions and deferred taxes | 16 | €3,710 | €659 | -€3,051 | -82.2% |
| Deferred taxes | 168 | €3,710 | €659 | -€3,051 | -82.2% |
| Amounts payable | 17/49 | €76,135 | €110,264 | +€34,129 | +44.8% |
| Amounts payable within one year | 42/48 | €69,407 | €101,291 | +€31,884 | +45.9% |
| Trade debts | 44 | €3,838 | €1,607 | -€2,231 | -58.1% |
| Suppliers | 440/4 | €3,838 | €1,607 | -€2,231 | -58.1% |
| Taxes, remuneration and social security | 45 | - | €8,670 | +€8,670 | |
| Taxes | 450/3 | - | €8,670 | +€8,670 | |
| Other amounts payable | 47/48 | €65,569 | €91,014 | +€25,445 | +38.8% |
| Accrued charges and deferred income | 492/3 | €6,728 | €8,972 | +€2,244 | +33.4% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,770 | €28,143 | +€372 | +1.3% |
| Other operating charges | 640/8 | €6,766 | €7,047 | +€281 | +4.2% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €50,089 | €84,482 | +€34,393 | +68.7% |
| Operating profit (loss) | 9901 | €15,436 | €49,292 | +€33,855 | +219% |
| Financial income | 75/76B | €29 | €68 | +€38 | +131% |
| Recurring financial income | 75 | €29 | €68 | +€38 | +131% |
| Financial charges | 65/66B | €3,767 | €4,961 | +€1,194 | +31.7% |
| Recurring financial charges | 65 | €3,767 | €4,961 | +€1,194 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €11,698 | €44,398 | +€32,700 | +280% |
| Transfer from deferred taxes | 780 | €3,051 | €3,051 | -€0 | 0.0% |
| Income taxes | 67/77 | €6,610 | €16,145 | +€9,535 | +144% |
| Profit (loss) for the period | 9904 | €8,140 | €31,304 | +€23,165 | +285% |
| Transfer from tax-exempt reserves | 789 | €9,154 | €9,154 | -€0 | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | -€0 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,294 | €40,459 | +€23,165 | +134% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.