D.B. INVEST: what changed
D.B. INVEST
Largest movements
- Cash +€25,444
up €25,444 (+43.1%), from €58,993 to €84,437
mainly Depreciation (+€19,128) and Current investments (+€9,823)
- Tangible fixed assets -€19,128
down €19,128 (-27.1%), from €70,655 to €51,527
of which Leasing and similar rights: -€18,800
- Current investments -€9,823
down €9,823 (-100%), from €9,823 to €0
- Receivables within one year +€7,957
up €7,957 (+5.5%), from €145,577 to €153,534
of which Other amounts receivable: +€7,957
- Debts after one year -€16,173
down €16,173 (-27.5%), from €58,755 to €42,581
- Reserves +€8,125
up €8,125 (+5.8%), from €139,551 to €147,677
- Other debts +€4,942
up €4,942 (+7.4%), from €66,679 to €71,621
- Gross operating margin +€11,196
up €11,196 (+50.3%), from €22,249 to €33,445
- Taxes +€4,083
up €4,083 (+247%), from €1,652 to €5,735
- Financial charges -€976
down €976 (-11.4%), from €8,524 to €7,548
- Financial income +€407
up €407 (+5.3%), from €7,656 to €8,063
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €472,287 | €476,452 | +€4,165 | +0.9% |
| Fixed assets | 21/28 | €256,188 | €237,060 | -€19,128 | -7.5% |
| Tangible fixed assets | 22/27 | €70,655 | €51,527 | -€19,128 | -27.1% |
| Plant, machinery and equipment | 23 | €1,252 | €923 | -€328 | -26.2% |
| Leasing and similar rights | 25 | €69,403 | €50,603 | -€18,800 | -27.1% |
| Financial fixed assets | 28 | €185,534 | €185,534 | = | 0.0% |
| Current assets | 29/58 | €216,099 | €239,392 | +€23,293 | +10.8% |
| Amounts receivable within one year | 40/41 | €145,577 | €153,534 | +€7,957 | +5.5% |
| Trade receivables | 40 | €13,112 | €13,112 | = | 0.0% |
| Other amounts receivable | 41 | €132,465 | €140,423 | +€7,957 | +6.0% |
| Current investments | 50/53 | €9,823 | €0 | -€9,823 | -100% |
| Cash at bank and in hand | 54/58 | €58,993 | €84,437 | +€25,444 | +43.1% |
| Deferred charges and accrued income | 490/1 | €1,706 | €1,421 | -€285 | -16.7% |
| Total equity and liabilities | 10/49 | €472,287 | €476,452 | +€4,165 | +0.9% |
| Equity | 10/15 | €316,801 | €324,927 | +€8,125 | +2.6% |
| Contributions | 10/11 | €177,250 | €177,250 | = | 0.0% |
| Reserves | 13 | €139,551 | €147,677 | +€8,125 | +5.8% |
| Distributable reserves | 133 | €139,551 | €147,677 | +€8,125 | +5.8% |
| Amounts payable | 17/49 | €155,486 | €151,525 | -€3,961 | -2.5% |
| Amounts payable after more than one year | 17 | €58,755 | €42,581 | -€16,173 | -27.5% |
| Financial debts | 170/4 | €58,755 | €42,581 | -€16,173 | -27.5% |
| Amounts payable within one year | 42/48 | €96,731 | €104,240 | +€7,509 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €15,521 | €16,173 | +€653 | +4.2% |
| Trade debts | 44 | €216 | €1,512 | +€1,296 | +599% |
| Suppliers | 440/4 | €216 | €1,512 | +€1,296 | +599% |
| Taxes, remuneration and social security | 45 | €14,315 | €14,933 | +€618 | +4.3% |
| Taxes | 450/3 | €10,526 | €11,144 | +€618 | +5.9% |
| Remuneration and social security | 454/9 | €3,789 | €3,789 | = | 0.0% |
| Other amounts payable | 47/48 | €66,679 | €71,621 | +€4,942 | +7.4% |
| Accrued charges and deferred income | 492/3 | - | €4,704 | +€4,704 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,128 | €19,128 | = | 0.0% |
| Other operating charges | 640/8 | €868 | €972 | +€104 | +11.9% |
| Gross operating margin | 9900 | €22,249 | €33,445 | +€11,196 | +50.3% |
| Operating profit (loss) | 9901 | €2,253 | €13,345 | +€11,093 | +492% |
| Financial income | 75/76B | €7,656 | €8,063 | +€407 | +5.3% |
| Recurring financial income | 75 | €7,656 | €8,063 | +€407 | +5.3% |
| Financial charges | 65/66B | €8,524 | €7,548 | -€976 | -11.4% |
| Recurring financial charges | 65 | €8,524 | €7,548 | -€976 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €1,385 | €13,860 | +€12,475 | +901% |
| Income taxes | 67/77 | €1,652 | €5,735 | +€4,083 | +247% |
| Profit (loss) for the period | 9904 | -€267 | €8,125 | +€8,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€267 | €8,125 | +€8,392 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.