D.L.B.: 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.L.B.
Largest movements
- Receivables within one year -€115,768
down €115,768 (-64.0%), from €180,849 to €65,081
of which Trade receivables: -€86,321
- Cash +€30,210
up €30,210 (+93.1%), from €32,465 to €62,675
mainly Receivables within one year (+€115,768) and Net result for the year (+€29,703)
- Tangible fixed assets +€4,590
up €4,590 (+2.9%), from €160,436 to €165,026
of which Assets under construction and advance payments: +€3,745
- Other debts -€29,125
down €29,125 (-41.5%), from €70,125 to €41,000
- Debts after one year -€24,479
down €24,479 (-17.7%), from €138,505 to €114,026
- Profit (loss) carried forward -€20,297
down €20,297 (-22.6%), from €89,901 to €69,605
- Accrued charges and deferred income -€13,421
down €13,421 (-88.9%), from €15,093 to €1,672
- Trade debts +€5,323
up €5,323 (+137.6%), from €3,868 to €9,191
- Gross operating margin -€86,569
down €86,569 (-56.1%), from €154,409 to €67,840
- Taxes -€18,360
down €18,360 (-66.8%), from €27,495 to €9,135
- Financial charges -€17,632
down €17,632 (-60.2%), from €29,311 to €11,678
- Staff costs +€17,588
new in 2025: €17,588
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 | €377,308 | €298,012 | -€79,296 | -21.0% |
| Fixed assets | 21/28 | €160,436 | €165,026 | +€4,590 | +2.9% |
| Tangible fixed assets | 22/27 | €160,436 | €165,026 | +€4,590 | +2.9% |
| Land and buildings | 22 | €152,000 | €152,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,436 | €8,013 | -€423 | -5.0% |
| Furniture and vehicles | 24 | - | €1,267 | +€1,267 | |
| Assets under construction and advance payments | 27 | - | €3,745 | +€3,745 | |
| Current assets | 29/58 | €216,872 | €132,986 | -€83,885 | -38.7% |
| Amounts receivable within one year | 40/41 | €180,849 | €65,081 | -€115,768 | -64.0% |
| Trade receivables | 40 | €86,321 | - | -€86,321 | |
| Other amounts receivable | 41 | €94,528 | €65,081 | -€29,447 | -31.2% |
| Cash at bank and in hand | 54/58 | €32,465 | €62,675 | +€30,210 | +93.1% |
| Deferred charges and accrued income | 490/1 | €3,557 | €5,230 | +€1,673 | +47.0% |
| Total equity and liabilities | 10/49 | €377,308 | €298,012 | -€79,296 | -21.0% |
| Equity | 10/15 | €110,361 | €90,065 | -€20,297 | -18.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,901 | €69,605 | -€20,297 | -22.6% |
| Amounts payable | 17/49 | €266,946 | €207,947 | -€58,999 | -22.1% |
| Amounts payable after more than one year | 17 | €138,505 | €114,026 | -€24,479 | -17.7% |
| Financial debts | 170/4 | €138,505 | €114,026 | -€24,479 | -17.7% |
| Amounts payable within one year | 42/48 | €113,348 | €92,250 | -€21,099 | -18.6% |
| Financial debts | 43 | €24,508 | €25,688 | +€1,180 | +4.8% |
| Credit institutions | 430/8 | €24,508 | €25,688 | +€1,180 | +4.8% |
| Trade debts | 44 | €3,868 | €9,191 | +€5,323 | +137.6% |
| Suppliers | 440/4 | €3,868 | €9,191 | +€5,323 | +137.6% |
| Taxes, remuneration and social security | 45 | €14,848 | €16,370 | +€1,522 | +10.3% |
| Taxes | 450/3 | €14,848 | €14,052 | -€796 | -5.4% |
| Remuneration and social security | 454/9 | - | €2,318 | +€2,318 | |
| Other amounts payable | 47/48 | €70,125 | €41,000 | -€29,125 | -41.5% |
| Accrued charges and deferred income | 492/3 | €15,093 | €1,672 | -€13,421 | -88.9% |
| Remuneration, social security and pensions | 62 | - | €17,588 | +€17,588 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,979 | €2,839 | +€860 | +43.5% |
| Other operating charges | 640/8 | €1,117 | €1,407 | +€291 | +26.0% |
| Gross operating margin | 9900 | €154,409 | €67,840 | -€86,569 | -56.1% |
| Operating profit (loss) | 9901 | €151,313 | €46,006 | -€105,307 | -69.6% |
| Financial income | 75/76B | €3,330 | €4,510 | +€1,181 | +35.5% |
| Recurring financial income | 75 | €3,330 | €4,510 | +€1,181 | +35.5% |
| Financial charges | 65/66B | €29,311 | €11,678 | -€17,632 | -60.2% |
| Recurring financial charges | 65 | €29,311 | €11,678 | -€17,632 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €125,332 | €38,838 | -€86,494 | -69.0% |
| Income taxes | 67/77 | €27,495 | €9,135 | -€18,360 | -66.8% |
| Profit (loss) for the period | 9904 | €97,838 | €29,703 | -€68,135 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €97,838 | €29,703 | -€68,135 | -69.6% |
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 12 October 2026 via checked.be.