D.B.R.: 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.
D.B.R.
Largest movements
- Tangible fixed assets -€32,986
down €32,986 (-39.0%), from €84,638 to €51,653
of which Furniture and vehicles: -€24,697
- Current investments -€32,907
down €32,907 (-97.5%), from €33,760 to €853
- Receivables within one year -€17,831
down €17,831 (-6.2%), from €286,354 to €268,522
of which Trade receivables: -€55,240
- Cash -€9,501
down €9,501 (-27.3%), from €34,806 to €25,306
mainly Net result for the year (-€62,236) and Trade debts (-€38,088)
- Profit (loss) carried forward -€62,236
down €62,236 (-12.9%), from -€483,859 to -€546,095
- Tax, wage and social debts +€40,916
up €40,916 (+133%), from €30,832 to €71,748
of which Remuneration and social security: +€40,916
- Trade debts -€38,088
down €38,088 (-15.1%), from €252,357 to €214,269
- Short-term financial debts -€29,000
down €29,000 (-59.2%), from €49,000 to €20,000
- Other debts +€15,021
up €15,021 (+62.0%), from €24,219 to €39,239
- Financial charges -€301,486
down €301,486 (-97.3%), from €309,712 to €8,226
- Gross operating margin +€132,578
up €132,578 (+15.3%), from €867,987 to €1.0m
- Financial income -€10,754
down €10,754 (-63.7%), from €16,872 to €6,118
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €455,718 | €364,908 | -€90,809 | -19.9% |
| Fixed assets | 21/28 | €88,431 | €56,445 | -€31,986 | -36.2% |
| Tangible fixed assets | 22/27 | €84,638 | €51,653 | -€32,986 | -39.0% |
| Plant, machinery and equipment | 23 | €23,563 | €15,274 | -€8,289 | -35.2% |
| Furniture and vehicles | 24 | €61,075 | €36,379 | -€24,697 | -40.4% |
| Financial fixed assets | 28 | €3,793 | €4,793 | +€1,000 | +26.4% |
| Current assets | 29/58 | €367,287 | €308,463 | -€58,823 | -16.0% |
| Amounts receivable within one year | 40/41 | €286,354 | €268,522 | -€17,831 | -6.2% |
| Trade receivables | 40 | €179,915 | €124,676 | -€55,240 | -30.7% |
| Other amounts receivable | 41 | €106,438 | €143,847 | +€37,408 | +35.1% |
| Current investments | 50/53 | €33,760 | €853 | -€32,907 | -97.5% |
| Cash at bank and in hand | 54/58 | €34,806 | €25,306 | -€9,501 | -27.3% |
| Deferred charges and accrued income | 490/1 | €12,367 | €13,782 | +€1,415 | +11.4% |
| Total equity and liabilities | 10/49 | €455,718 | €364,908 | -€90,809 | -19.9% |
| Equity | 10/15 | €61,760 | -€476 | -€62,236 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €527,019 | €527,019 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €527,019 | €527,019 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€483,859 | -€546,095 | -€62,236 | -12.9% |
| Amounts payable | 17/49 | €393,958 | €365,384 | -€28,573 | -7.3% |
| Amounts payable after more than one year | 17 | €20,128 | €8,743 | -€11,384 | -56.6% |
| Financial debts | 170/4 | €20,128 | €8,743 | -€11,384 | -56.6% |
| Amounts payable within one year | 42/48 | €373,830 | €356,641 | -€17,189 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €17,423 | €11,384 | -€6,038 | -34.7% |
| Financial debts | 43 | €49,000 | €20,000 | -€29,000 | -59.2% |
| Credit institutions | 430/8 | €49,000 | €20,000 | -€29,000 | -59.2% |
| Trade debts | 44 | €252,357 | €214,269 | -€38,088 | -15.1% |
| Suppliers | 440/4 | €252,357 | €214,269 | -€38,088 | -15.1% |
| Taxes, remuneration and social security | 45 | €30,832 | €71,748 | +€40,916 | +133% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €30,832 | €71,748 | +€40,916 | +133% |
| Other amounts payable | 47/48 | €24,219 | €39,239 | +€15,021 | +62.0% |
| Remuneration, social security and pensions | 62 | €1,012,813 | €1,015,268 | +€2,455 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,468 | €33,848 | -€4,620 | -12.0% |
| Other operating charges | 640/8 | €7,314 | €11,219 | +€3,905 | +53.4% |
| Gross operating margin | 9900 | €867,987 | €1,000,566 | +€132,578 | +15.3% |
| Operating profit (loss) | 9901 | -€190,607 | -€59,769 | +€130,838 | +68.6% |
| Financial income | 75/76B | €16,872 | €6,118 | -€10,754 | -63.7% |
| Recurring financial income | 75 | €16,872 | €6,118 | -€10,754 | -63.7% |
| Financial charges | 65/66B | €309,712 | €8,226 | -€301,486 | -97.3% |
| Recurring financial charges | 65 | €309,712 | €8,226 | -€301,486 | -97.3% |
| Profit (loss) for the period before taxes | 9903 | -€483,447 | -€61,877 | +€421,570 | +87.2% |
| Income taxes | 67/77 | €412 | €359 | -€53 | -12.9% |
| Profit (loss) for the period | 9904 | -€483,859 | -€62,236 | +€421,623 | +87.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€483,859 | -€62,236 | +€421,623 | +87.1% |
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 13 October 2026 via checked.be.