D.N.B.O.: 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.N.B.O.
Largest movements
- Cash +€573,884
up €573,884 (+187%), from €307,244 to €881,128
mainly Receivables within one year (+€263,667) and Stocks and contracts (+€191,006)
- Receivables within one year -€263,667
down €263,667 (-95.2%), from €276,987 to €13,320
of which Other amounts receivable: -€255,066
- Stocks and contracts -€191,006
down €191,006 (-63.1%), from €302,880 to €111,874
- Tangible fixed assets -€11,886
down €11,886 (-35.0%), from €33,916 to €22,030
of which Furniture and vehicles: -€11,635
- Profit (loss) carried forward +€95,013
up €95,013 (+12.3%), from €771,941 to €866,954
- Trade debts +€17,995
up €17,995 (+379%), from €4,750 to €22,745
- Gross operating margin +€38,079
up €38,079 (+38.5%), from €98,915 to €136,995
- Taxes +€10,145
up €10,145 (+53.3%), from €19,033 to €29,179
- Financial charges -€2,000
down €2,000 (-60.2%), from €3,325 to €1,324
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 | €934,109 | €1,041,667 | +€107,559 | +11.5% |
| Fixed assets | 21/28 | €43,916 | €32,030 | -€11,886 | -27.1% |
| Tangible fixed assets | 22/27 | €33,916 | €22,030 | -€11,886 | -35.0% |
| Plant, machinery and equipment | 23 | €930 | €679 | -€251 | -27.0% |
| Furniture and vehicles | 24 | €32,986 | €21,351 | -€11,635 | -35.3% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €890,192 | €1,009,637 | +€119,445 | +13.4% |
| Stocks and contracts in progress | 3 | €302,880 | €111,874 | -€191,006 | -63.1% |
| Contracts in progress | 37 | €302,880 | €111,874 | -€191,006 | -63.1% |
| Amounts receivable within one year | 40/41 | €276,987 | €13,320 | -€263,667 | -95.2% |
| Trade receivables | 40 | €9,165 | €565 | -€8,601 | -93.8% |
| Other amounts receivable | 41 | €267,821 | €12,755 | -€255,066 | -95.2% |
| Cash at bank and in hand | 54/58 | €307,244 | €881,128 | +€573,884 | +187% |
| Deferred charges and accrued income | 490/1 | €3,081 | €3,315 | +€234 | +7.6% |
| Total equity and liabilities | 10/49 | €934,109 | €1,041,667 | +€107,559 | +11.5% |
| Equity | 10/15 | €792,401 | €887,414 | +€95,013 | +12.0% |
| 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 | €771,941 | €866,954 | +€95,013 | +12.3% |
| Amounts payable | 17/49 | €141,708 | €154,253 | +€12,545 | +8.9% |
| Amounts payable within one year | 42/48 | €138,194 | €154,253 | +€16,059 | +11.6% |
| Current portion of amounts payable after more than one year | 42 | €6,077 | - | -€6,077 | |
| Trade debts | 44 | €4,750 | €22,745 | +€17,995 | +379% |
| Suppliers | 440/4 | €4,750 | €22,745 | +€17,995 | +379% |
| Taxes, remuneration and social security | 45 | €7,990 | €8,871 | +€881 | +11.0% |
| Taxes | 450/3 | €5,240 | €6,121 | +€881 | +16.8% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €119,378 | €122,637 | +€3,259 | +2.7% |
| Accrued charges and deferred income | 492/3 | €3,513 | - | -€3,513 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,217 | €11,886 | +€669 | +6.0% |
| Other operating charges | 640/8 | €1,430 | €1,633 | +€204 | +14.2% |
| Gross operating margin | 9900 | €98,915 | €136,995 | +€38,079 | +38.5% |
| Operating profit (loss) | 9901 | €86,268 | €123,475 | +€37,207 | +43.1% |
| Financial income | 75/76B | €2,803 | €2,041 | -€761 | -27.2% |
| Recurring financial income | 75 | €2,803 | €2,041 | -€761 | -27.2% |
| Financial charges | 65/66B | €3,325 | €1,324 | -€2,000 | -60.2% |
| Recurring financial charges | 65 | €3,325 | €1,324 | -€2,000 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | €85,746 | €124,192 | +€38,446 | +44.8% |
| Income taxes | 67/77 | €19,033 | €29,179 | +€10,145 | +53.3% |
| Profit (loss) for the period | 9904 | €66,713 | €95,013 | +€28,300 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,713 | €95,013 | +€28,300 | +42.4% |
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 19 October 2026 via checked.be.