DB & C°: 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.
DB & C°
Largest movements
- Financial fixed assets +€400,000
up €400,000 (+97.8%), from €408,916 to €808,916
- Receivables within one year +€141,065
up €141,065 (+293.9%), from €47,995 to €189,060
of which Other amounts receivable: +€141,065
- Current investments +€45,530
up €45,530 (+24.0%), from €189,782 to €235,312
- Other debts +€250,000
new in 2025: €250,000
- Reserves +€164,639
up €164,639 (+53.4%), from €308,490 to €473,129
- Short-term financial debts +€155,123
up €155,123 (+1861.5%), from €8,333 to €163,457
of which Other loans: +€150,000
- Tax, wage and social debts +€20,708
up €20,708 (+235.8%), from €8,780 to €29,488
of which Taxes: +€20,708
- Gross operating margin +€131,894
up €131,894 (+138.3%), from €95,337 to €227,231
- Financial income +€106,482
up €106,482 (+2747.3%), from €3,876 to €110,358
- Taxes +€48,483
up €48,483 (+168.0%), from €28,862 to €77,345
- Financial charges -€2,401
down €2,401 (-43.1%), from €5,565 to €3,164
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 | €754,993 | €1,338,456 | +€583,462 | +77.3% |
| Fixed assets | 21/28 | €492,164 | €891,511 | +€399,348 | +81.1% |
| Tangible fixed assets | 22/27 | €83,247 | €82,595 | -€652 | -0.8% |
| Land and buildings | 22 | €68,115 | €63,640 | -€4,475 | -6.6% |
| Furniture and vehicles | 24 | €13,180 | €17,245 | +€4,065 | +30.8% |
| Other tangible fixed assets | 26 | €1,952 | €1,710 | -€242 | -12.4% |
| Financial fixed assets | 28 | €408,916 | €808,916 | +€400,000 | +97.8% |
| Current assets | 29/58 | €262,830 | €446,944 | +€184,115 | +70.1% |
| Amounts receivable within one year | 40/41 | €47,995 | €189,060 | +€141,065 | +293.9% |
| Trade receivables | 40 | €5,525 | €5,525 | = | 0.0% |
| Other amounts receivable | 41 | €42,470 | €183,535 | +€141,065 | +332.2% |
| Current investments | 50/53 | €189,782 | €235,312 | +€45,530 | +24.0% |
| Cash at bank and in hand | 54/58 | €22,164 | €15,693 | -€6,471 | -29.2% |
| Deferred charges and accrued income | 490/1 | €2,889 | €6,880 | +€3,991 | +138.2% |
| Total equity and liabilities | 10/49 | €754,993 | €1,338,456 | +€583,462 | +77.3% |
| Equity | 10/15 | €724,814 | €889,453 | +€164,639 | +22.7% |
| Contributions | 10/11 | €414,411 | €414,411 | = | 0.0% |
| Reserves | 13 | €308,490 | €473,129 | +€164,639 | +53.4% |
| Distributable reserves | 133 | €308,490 | €473,129 | +€164,639 | +53.4% |
| Profit (loss) carried forward | 14 | €1,913 | €1,913 | = | 0.0% |
| Amounts payable | 17/49 | €30,179 | €449,002 | +€418,823 | +1387.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €30,179 | €449,002 | +€418,823 | +1387.8% |
| Current portion of amounts payable after more than one year | 42 | €3,651 | €0 | -€3,651 | -100.0% |
| Financial debts | 43 | €8,333 | €163,457 | +€155,123 | +1861.5% |
| Credit institutions | 430/8 | €8,333 | €13,457 | +€5,123 | +61.5% |
| Other loans | 439 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €9,415 | €6,058 | -€3,357 | -35.7% |
| Suppliers | 440/4 | €9,415 | €6,058 | -€3,357 | -35.7% |
| Taxes, remuneration and social security | 45 | €8,780 | €29,488 | +€20,708 | +235.8% |
| Taxes | 450/3 | €8,780 | €29,488 | +€20,708 | +235.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | - | €250,000 | +€250,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,402 | €6,402 | = | 0.0% |
| Other operating charges | 640/8 | €4,362 | €5,811 | +€1,449 | +33.2% |
| Gross operating margin | 9900 | €95,337 | €227,231 | +€131,894 | +138.3% |
| Operating profit (loss) | 9901 | €84,573 | €215,018 | +€130,445 | +154.2% |
| Financial income | 75/76B | €3,876 | €110,358 | +€106,482 | +2747.3% |
| Recurring financial income | 75 | €3,876 | €110,358 | +€106,482 | +2747.3% |
| Financial charges | 65/66B | €5,565 | €3,164 | -€2,401 | -43.1% |
| Recurring financial charges | 65 | €5,565 | €3,164 | -€2,401 | -43.1% |
| Profit (loss) for the period before taxes | 9903 | €82,884 | €322,212 | +€239,328 | +288.8% |
| Income taxes | 67/77 | €28,862 | €77,345 | +€48,483 | +168.0% |
| Profit (loss) for the period | 9904 | €54,022 | €244,866 | +€190,845 | +353.3% |
| Profit (loss) for the period to be appropriated | 9905 | €54,022 | €244,866 | +€190,845 | +353.3% |
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.