D.B.S.: what changed
Two fiscal 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.S.
Largest movements
- Stocks and contracts -€821,943
down €821,943 (-54.6%), from €1.5m to €682,558
- Cash +€85,430
up €85,430 (+71.9%), from €118,878 to €204,308
mainly Stocks and contracts (+€821,943) and Other debts (+€100,000)
- Receivables within one year +€24,434
up €24,434 (+26.7%), from €91,357 to €115,791
- Debts after one year -€639,892
down €639,892 (-100.0%), from €639,892 to €0
of which Other amounts payable: -€639,892
- Accrued charges and deferred income -€161,260
down €161,260 (-89.3%), from €180,606 to €19,346
- Other debts +€100,000
up €100,000 (+1016.7%), from €9,835 to €109,835
- Turnover -€142,959
down €142,959 (-12.9%), from €1.1m to €965,401
- Financial charges -€72,924
down €72,924 (-78.6%), from €92,781 to €19,858
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,767,816 | €1,055,737 | -€712,079 | -40.3% |
| Fixed assets | 21/28 | €53,080 | €53,080 | = | 0.0% |
| Tangible fixed assets | 22/27 | €53,080 | €53,080 | = | 0.0% |
| Land and buildings | 22 | €53,080 | €53,080 | = | 0.0% |
| Current assets | 29/58 | €1,714,736 | €1,002,657 | -€712,079 | -41.5% |
| Stocks and contracts in progress | 3 | €1,504,502 | €682,558 | -€821,943 | -54.6% |
| Stocks | 30/36 | €1,504,502 | €682,558 | -€821,943 | -54.6% |
| Property held for sale | 35 | €1,504,502 | €682,558 | -€821,943 | -54.6% |
| Amounts receivable within one year | 40/41 | €91,357 | €115,791 | +€24,434 | +26.7% |
| Other amounts receivable | 41 | €91,357 | €115,791 | +€24,434 | +26.7% |
| Cash at bank and in hand | 54/58 | €118,878 | €204,308 | +€85,430 | +71.9% |
| Total equity and liabilities | 10/49 | €1,767,816 | €1,055,737 | -€712,079 | -40.3% |
| Equity | 10/15 | €930,481 | €919,474 | -€11,007 | -1.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €868,481 | €857,474 | -€11,007 | -1.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €862,281 | €851,274 | -€11,007 | -1.3% |
| Amounts payable | 17/49 | €837,335 | €136,263 | -€701,072 | -83.7% |
| Amounts payable after more than one year | 17 | €639,892 | €0 | -€639,892 | -100.0% |
| Financial debts | 170/4 | - | €0 | +€0 | |
| Other loans | 174 | - | €0 | +€0 | |
| Other amounts payable | 178/9 | €639,892 | - | -€639,892 | |
| Amounts payable within one year | 42/48 | €16,837 | €116,917 | +€100,081 | +594.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,001 | €7,082 | +€81 | +1.2% |
| Suppliers | 440/4 | €7,001 | €7,082 | +€81 | +1.2% |
| Other amounts payable | 47/48 | €9,835 | €109,835 | +€100,000 | +1016.7% |
| Accrued charges and deferred income | 492/3 | €180,606 | €19,346 | -€161,260 | -89.3% |
| Operating income | 70/76A | €116,217 | €126,808 | +€10,591 | +9.1% |
| Turnover | 70 | €1,108,360 | €965,401 | -€142,959 | -12.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€994,543 | -€840,993 | +€153,550 | +15.4% |
| Other operating income | 74 | €2,400 | €2,400 | = | 0.0% |
| Operating charges | 60/66A | €20,851 | €18,040 | -€2,812 | -13.5% |
| Services and other goods | 61 | €18,468 | €18,329 | -€139 | -0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€1,408 | -€1,408 | |
| Other operating charges | 640/8 | €1,476 | €1,118 | -€357 | -24.2% |
| Non-recurring operating charges | 66A | €908 | €0 | -€908 | -100.0% |
| Operating profit (loss) | 9901 | €95,365 | €108,768 | +€13,403 | +14.1% |
| Financial income | 75/76B | €494 | €83 | -€412 | -83.3% |
| Recurring financial income | 75 | €494 | €83 | -€412 | -83.3% |
| Income from current assets | 751 | €38 | €0 | -€38 | -100.0% |
| Other financial income | 752/9 | €457 | €83 | -€374 | -81.9% |
| Financial charges | 65/66B | €92,781 | €19,858 | -€72,924 | -78.6% |
| Recurring financial charges | 65 | €92,781 | €19,858 | -€72,924 | -78.6% |
| Debt charges | 650 | €92,781 | €0 | -€92,781 | -100.0% |
| Other financial charges | 652/9 | €0 | €19,858 | +€19,858 | |
| Profit (loss) for the period before taxes | 9903 | €3,078 | €88,993 | +€85,914 | +2790.8% |
| Profit (loss) for the period | 9904 | €3,078 | €88,993 | +€85,914 | +2790.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,078 | €88,993 | +€85,914 | +2790.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.