D & B MANAGEMENT: what changed
Two financial 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.
What changed
D & B MANAGEMENT
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€446,461
2024 · €622,063-€175,603
Equity
€3.0m
2024 · €2.5m+€446,461
Cash
€181,228
2024 · €393,478-€212,250
Balance sheet total
€6.4m
2024 · €6.3m+€161,376
Largest movements
Assets
- Receivables within one year +€375,448
up €375,448 (+15.6%), from €2.4m to €2.8m
of which Trade receivables: +€509,700
- Cash -€212,250
down €212,250 (-53.9%), from €393,478 to €181,228
mainly Receivables within one year (-€375,448) and Debts after one year (-€233,137)
Equity and liabilities
- Reserves +€446,461
up €446,461 (+17.7%), from €2.5m to €3.0m
of which Distributable reserves: +€446,461
- Debts after one year -€233,137
down €233,137 (-13.8%), from €1.7m to €1.5m
Income statement
- Gross operating margin -€857,820
no longer reported in 2025 (was €857,820)
- Turnover +€705,000
new in 2025: €705,000
- Services and other goods +€83,642
new in 2025: €83,642
- Taxes -€60,071
down €60,071 (-28.8%), from €208,891 to €148,820
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.
Result 2024
€622,063
Turnover
+€705,000
Other operating income
+€84
Services and other goods
-€83,642
Other operating charges
+€2,723
Other operating items
-€857,820
Financial income
-€5,747
Financial charges
+€3,729
Taxes
+€60,071
Result 2025
€446,461
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.
From operations
+€30,132
Investment
-€38
Financing
-€242,344
Cash 2024
€393,478
From operations (derived)
+€30,132
Net result for the year
+€446,461
Depreciation
+€1,860
Receivables within one year
-€375,448
Smaller working-capital items
-€843
Other debts
-€41,898
Investment (derived)
-€38
Current investments
-€38
Financing
-€242,344
Debts after one year
-€233,137
Current portion of long-term debt
+€2,537
Short-term financial debts
-€11,744
Cash 2025
€181,228
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,284,083 | €6,445,458 | +€161,376 | +2.6% |
| Fixed assets | 21/28 | €3,473,203 | €3,471,344 | -€1,860 | -0.1% |
| Tangible fixed assets | 22/27 | €4,279 | €2,420 | -€1,860 | -43.5% |
| Furniture and vehicles | 24 | €4,279 | €2,420 | -€1,860 | -43.5% |
| Financial fixed assets | 28 | €3,468,924 | €3,468,924 | = | 0.0% |
| Affiliated companies | 280/1 | - | €3,468,561 | +€3.5m | |
| Participating interests | 280 | - | €3,468,561 | +€3.5m | |
| Other financial fixed assets | 284/8 | - | €363 | +€363 | |
| Amounts receivable and cash guarantees | 285/8 | - | €363 | +€363 | |
| Current assets | 29/58 | €2,810,879 | €2,974,115 | +€163,235 | +5.8% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,407,339 | €2,782,787 | +€375,448 | +15.6% |
| Trade receivables | 40 | €732,400 | €1,242,100 | +€509,700 | +69.6% |
| Other amounts receivable | 41 | €1,674,939 | €1,540,687 | -€134,252 | -8.0% |
| Current investments | 50/53 | €10,062 | €10,100 | +€38 | +0.4% |
| Other investments | 51/53 | - | €10,100 | +€10,100 | |
| Cash at bank and in hand | 54/58 | €393,478 | €181,228 | -€212,250 | -53.9% |
| Total equity and liabilities | 10/49 | €6,284,083 | €6,445,458 | +€161,376 | +2.6% |
| Equity | 10/15 | €2,533,523 | €2,979,984 | +€446,461 | +17.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,527,323 | €2,973,784 | +€446,461 | +17.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,525,463 | €2,971,924 | +€446,461 | +17.7% |
| Amounts payable | 17/49 | €3,750,559 | €3,465,474 | -€285,085 | -7.6% |
| Amounts payable after more than one year | 17 | €1,686,818 | €1,453,680 | -€233,137 | -13.8% |
| Financial debts | 170/4 | €1,686,818 | €1,453,680 | -€233,137 | -13.8% |
| Leasing and similar obligations | 172 | - | €1,453,680 | +€1.5m | |
| Amounts payable within one year | 42/48 | €2,063,742 | €2,011,794 | -€51,948 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €230,601 | €233,137 | +€2,537 | +1.1% |
| Financial debts | 43 | €45,000 | €33,256 | -€11,744 | -26.1% |
| Credit institutions | 430/8 | €45,000 | €33,256 | -€11,744 | -26.1% |
| Trade debts | 44 | €1,279 | €432 | -€847 | -66.2% |
| Suppliers | 440/4 | €1,279 | €432 | -€847 | -66.2% |
| Taxes, remuneration and social security | 45 | €36,815 | €36,819 | +€4 | 0.0% |
| Taxes | 450/3 | €36,815 | €36,819 | +€4 | 0.0% |
| Other amounts payable | 47/48 | €1,750,047 | €1,708,150 | -€41,898 | -2.4% |
| Operating income | 70/76A | - | €705,084 | +€705,084 | |
| Turnover | 70 | - | €705,000 | +€705,000 | |
| Other operating income | 74 | - | €84 | +€84 | |
| Operating charges | 60/66A | - | €86,942 | +€86,942 | |
| Services and other goods | 61 | - | €83,642 | +€83,642 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,860 | €1,860 | = | 0.0% |
| Other operating charges | 640/8 | €4,163 | €1,440 | -€2,723 | -65.4% |
| Gross operating margin | 9900 | €857,820 | - | -€857,820 | |
| Operating profit (loss) | 9901 | €851,797 | €618,142 | -€233,655 | -27.4% |
| Financial income | 75/76B | €6,316 | €569 | -€5,747 | -91.0% |
| Recurring financial income | 75 | €6,316 | €569 | -€5,747 | -91.0% |
| Other financial income | 752/9 | - | €569 | +€569 | |
| Financial charges | 65/66B | €27,159 | €23,430 | -€3,729 | -13.7% |
| Recurring financial charges | 65 | €27,159 | €23,430 | -€3,729 | -13.7% |
| Debt charges | 650 | - | €22,967 | +€22,967 | |
| Other financial charges | 652/9 | - | €463 | +€463 | |
| Profit (loss) for the period before taxes | 9903 | €830,954 | €595,281 | -€235,673 | -28.4% |
| Income taxes | 67/77 | €208,891 | €148,820 | -€60,071 | -28.8% |
| Taxes | 670/3 | - | €148,820 | +€148,820 | |
| Profit (loss) for the period | 9904 | €622,063 | €446,461 | -€175,603 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €622,063 | €446,461 | -€175,603 | -28.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.