D.B.S.: 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.S.
Largest movements
- Intangible fixed assets +€29,487
up €29,487 (+986%), from €2,989 to €32,476
- Cash +€14,509
up €14,509 (+48.0%), from €30,257 to €44,766
mainly Net result for the year (+€26,532) and Depreciation (+€17,108)
- Tangible fixed assets -€13,346
down €13,346 (-21.6%), from €61,842 to €48,497
of which Furniture and vehicles: -€13,949
- Deferred charges and accrued income +€12,443
up €12,443 (+147%), from €8,467 to €20,910
- Receivables within one year +€11,987
up €11,987 (+49.7%), from €24,106 to €36,093
of which Trade receivables: +€14,584
- Reserves +€26,530
up €26,530 (+58.7%), from €45,190 to €71,720
of which Distributable reserves: +€26,530
- Advances received +€15,469
new in 2025: €15,469
- Other debts +€8,686
up €8,686 (+28.0%), from €31,062 to €39,748
- Trade debts +€2,669
up €2,669 (+19.9%), from €13,403 to €16,072
- Tax, wage and social debts +€2,484
up €2,484 (+11.4%), from €21,765 to €24,248
of which Remuneration and social security: +€4,000
- Gross operating margin -€6,325
down €6,325 (-8.3%), from €76,212 to €69,886
- Staff costs -€4,960
no longer reported in 2025 (was €4,960)
- Depreciation +€4,620
up €4,620 (+37.0%), from €12,488 to €17,108
- Financial charges +€2,634
up €2,634 (+311%), from €847 to €3,480
- Financial income -€1,779
down €1,779 (-100.0%), from €1,779 to €0
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 | €132,828 | €188,668 | +€55,840 | +42.0% |
| Fixed assets | 21/28 | €64,832 | €80,973 | +€16,141 | +24.9% |
| Intangible fixed assets | 21 | €2,989 | €32,476 | +€29,487 | +986% |
| Tangible fixed assets | 22/27 | €61,842 | €48,497 | -€13,346 | -21.6% |
| Plant, machinery and equipment | 23 | €5,433 | €6,036 | +€603 | +11.1% |
| Furniture and vehicles | 24 | €56,409 | €42,461 | -€13,949 | -24.7% |
| Current assets | 29/58 | €67,997 | €107,695 | +€39,699 | +58.4% |
| Stocks and contracts in progress | 3 | €5,167 | €5,926 | +€759 | +14.7% |
| Stocks | 30/36 | €5,167 | €5,926 | +€759 | +14.7% |
| Amounts receivable within one year | 40/41 | €24,106 | €36,093 | +€11,987 | +49.7% |
| Trade receivables | 40 | €18,577 | €33,161 | +€14,584 | +78.5% |
| Other amounts receivable | 41 | €5,529 | €2,932 | -€2,597 | -47.0% |
| Cash at bank and in hand | 54/58 | €30,257 | €44,766 | +€14,509 | +48.0% |
| Deferred charges and accrued income | 490/1 | €8,467 | €20,910 | +€12,443 | +147% |
| Total equity and liabilities | 10/49 | €132,828 | €188,668 | +€55,840 | +42.0% |
| Equity | 10/15 | €66,598 | €93,130 | +€26,532 | +39.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,190 | €71,720 | +€26,530 | +58.7% |
| Tax-exempt reserves | 132 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €42,190 | €68,720 | +€26,530 | +62.9% |
| Profit (loss) carried forward | 14 | €2,808 | €2,810 | +€2 | +0.1% |
| Amounts payable | 17/49 | €66,230 | €95,538 | +€29,308 | +44.3% |
| Amounts payable within one year | 42/48 | €66,230 | €95,538 | +€29,308 | +44.3% |
| Trade debts | 44 | €13,403 | €16,072 | +€2,669 | +19.9% |
| Suppliers | 440/4 | €13,403 | €16,072 | +€2,669 | +19.9% |
| Advances received on contracts in progress | 46 | - | €15,469 | +€15,469 | |
| Taxes, remuneration and social security | 45 | €21,765 | €24,248 | +€2,484 | +11.4% |
| Taxes | 450/3 | €9,765 | €8,248 | -€1,516 | -15.5% |
| Remuneration and social security | 454/9 | €12,000 | €16,000 | +€4,000 | +33.3% |
| Other amounts payable | 47/48 | €31,062 | €39,748 | +€8,686 | +28.0% |
| Non-recurring operating income | 76A | €10,450 | €2,300 | -€8,150 | -78.0% |
| Remuneration, social security and pensions | 62 | €4,960 | - | -€4,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,488 | €17,108 | +€4,620 | +37.0% |
| Other operating charges | 640/8 | €8,669 | €10,083 | +€1,415 | +16.3% |
| Non-recurring operating charges | 66A | - | €2,397 | +€2,397 | |
| Gross operating margin | 9900 | €76,212 | €69,886 | -€6,325 | -8.3% |
| Operating profit (loss) | 9901 | €50,094 | €40,298 | -€9,796 | -19.6% |
| Financial income | 75/76B | €1,779 | €0 | -€1,779 | -100.0% |
| Recurring financial income | 75 | €1,779 | €0 | -€1,779 | -100.0% |
| Financial charges | 65/66B | €847 | €3,480 | +€2,634 | +311% |
| Recurring financial charges | 65 | €847 | €3,480 | +€2,634 | +311% |
| Profit (loss) for the period before taxes | 9903 | €51,027 | €36,818 | -€14,209 | -27.8% |
| Income taxes | 67/77 | €10,686 | €10,286 | -€400 | -3.7% |
| Profit (loss) for the period | 9904 | €40,341 | €26,532 | -€13,809 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,341 | €26,532 | -€13,809 | -34.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.