D/B Invest: what changed
D/B Invest
Largest movements
- Stocks and contracts -€79,079
down €79,079 (-10.0%), from €790,787 to €711,708
- Cash -€54,814
down €54,814 (-99.9%), from €54,895 to €81
mainly Contributions, distributions and other (-€205,543) and Net result for the year (-€45,535)
- Tangible fixed assets -€34,774
down €34,774 (-100%), from €34,774 to €0
- Reserves -€205,543
down €205,543 (-100%), from €205,543 to €0
- Other debts +€92,175
up €92,175 (+44.6%), from €206,582 to €298,757
- Profit (loss) carried forward -€45,535
down €45,535, from €0 to -€45,535
- Tax, wage and social debts -€10,066
down €10,066 (-73.8%), from €13,632 to €3,566
of which Taxes: -€7,866
- Write-downs +€79,079
new in 2025: €79,079
- Depreciation -€16,767
down €16,767 (-100%), from €16,767 to €0
- Financial charges -€7,816
down €7,816 (-98.5%), from €7,937 to €120
- Gross operating margin +€6,297
up €6,297 (+21.7%), from €28,957 to €35,254
- Taxes -€3,625
down €3,625 (-100%), from €3,625 to €0
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €881,516 | €711,789 | -€169,727 | -19.3% |
| Fixed assets | 21/28 | €34,774 | €0 | -€34,774 | -100% |
| Tangible fixed assets | 22/27 | €34,774 | €0 | -€34,774 | -100% |
| Furniture and vehicles | 24 | €34,774 | €0 | -€34,774 | -100% |
| Current assets | 29/58 | €846,742 | €711,789 | -€134,953 | -15.9% |
| Stocks and contracts in progress | 3 | €790,787 | €711,708 | -€79,079 | -10.0% |
| Stocks | 30/36 | €790,787 | €711,708 | -€79,079 | -10.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €54,895 | €81 | -€54,814 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,060 | €0 | -€1,060 | -100% |
| Total equity and liabilities | 10/49 | €881,516 | €711,789 | -€169,727 | -19.3% |
| Equity | 10/15 | €210,543 | -€40,535 | -€251,078 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €205,543 | €0 | -€205,543 | -100% |
| Distributable reserves | 133 | €205,543 | €0 | -€205,543 | -100% |
| Profit (loss) carried forward | 14 | €0 | -€45,535 | -€45,535 | |
| Amounts payable | 17/49 | €670,973 | €752,324 | +€81,351 | +12.1% |
| Amounts payable after more than one year | 17 | €450,000 | €450,000 | = | 0.0% |
| Financial debts | 170/4 | €450,000 | €450,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,973 | €302,324 | +€81,351 | +36.8% |
| Trade debts | 44 | €758 | €0 | -€758 | -100% |
| Suppliers | 440/4 | €758 | €0 | -€758 | -100% |
| Taxes, remuneration and social security | 45 | €13,632 | €3,566 | -€10,066 | -73.8% |
| Taxes | 450/3 | €11,432 | €3,566 | -€7,866 | -68.8% |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100% |
| Other amounts payable | 47/48 | €206,582 | €298,757 | +€92,175 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,767 | €0 | -€16,767 | -100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €79,079 | +€79,079 | |
| Other operating charges | 640/8 | €1,027 | €1,316 | +€288 | +28.1% |
| Non-recurring operating charges | 66A | - | €274 | +€274 | |
| Gross operating margin | 9900 | €28,957 | €35,254 | +€6,297 | +21.7% |
| Operating profit (loss) | 9901 | €11,163 | -€45,414 | -€56,577 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €7,937 | €120 | -€7,816 | -98.5% |
| Recurring financial charges | 65 | €7,937 | €120 | -€7,816 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €3,227 | -€45,535 | -€48,761 | |
| Income taxes | 67/77 | €3,625 | €0 | -€3,625 | -100% |
| Profit (loss) for the period | 9904 | -€398 | -€45,535 | -€45,137 | -11,339% |
| Profit (loss) for the period to be appropriated | 9905 | -€398 | -€45,535 | -€45,137 | -11,339% |
Next steps
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.