DB & CIE: 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.
DB & CIE
Largest movements
- Current investments +€700,000
new in 2025: €700,000
- Receivables within one year -€482,235
down €482,235 (-97.7%), from €493,375 to €11,140
of which Other amounts receivable: -€481,252
- Cash -€71,211
down €71,211 (-39.3%), from €181,258 to €110,047
mainly Current investments (-€700,000) and Tax, wage and social debts (-€5,230)
- Tangible fixed assets -€12,215
down €12,215 (-30.9%), from €39,493 to €27,278
of which Furniture and vehicles: -€11,719
- Reserves +€127,589
up €127,589 (+22.7%), from €560,988 to €688,578
- Gross operating margin -€16,649
down €16,649 (-7.8%), from €213,466 to €196,817
- Staff costs -€9,439
no longer reported in 2025 (was €9,439)
- Taxes +€5,466
up €5,466 (+10.3%), from €53,293 to €58,759
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 | €721,023 | €851,430 | +€130,407 | +18.1% |
| Fixed assets | 21/28 | €39,493 | €27,278 | -€12,215 | -30.9% |
| Tangible fixed assets | 22/27 | €39,493 | €27,278 | -€12,215 | -30.9% |
| Plant, machinery and equipment | 23 | €3,471 | €2,974 | -€496 | -14.3% |
| Furniture and vehicles | 24 | €36,023 | €24,304 | -€11,719 | -32.5% |
| Current assets | 29/58 | €681,530 | €824,153 | +€142,622 | +20.9% |
| Amounts receivable after more than one year | 29 | €6,897 | €2,966 | -€3,931 | -57.0% |
| Other amounts receivable | 291 | €6,897 | €2,966 | -€3,931 | -57.0% |
| Amounts receivable within one year | 40/41 | €493,375 | €11,140 | -€482,235 | -97.7% |
| Trade receivables | 40 | €12,123 | €11,140 | -€984 | -8.1% |
| Other amounts receivable | 41 | €481,252 | - | -€481,252 | |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €181,258 | €110,047 | -€71,211 | -39.3% |
| Total equity and liabilities | 10/49 | €721,023 | €851,430 | +€130,407 | +18.1% |
| Equity | 10/15 | €691,934 | €819,523 | +€127,589 | +18.4% |
| Contributions | 10/11 | €2,100 | €2,100 | = | 0.0% |
| Contributions outside capital | 11 | €2,100 | €2,100 | = | 0.0% |
| Other | 1109/19 | €2,100 | €2,100 | = | 0.0% |
| Reserves | 13 | €560,988 | €688,578 | +€127,589 | +22.7% |
| Distributable reserves | 133 | €560,988 | €688,578 | +€127,589 | +22.7% |
| Profit (loss) carried forward | 14 | €128,845 | €128,845 | = | 0.0% |
| Amounts payable | 17/49 | €29,090 | €31,907 | +€2,818 | +9.7% |
| Amounts payable within one year | 42/48 | €29,090 | €31,907 | +€2,818 | +9.7% |
| Trade debts | 44 | €40 | €7,149 | +€7,108 | +17,573% |
| Suppliers | 440/4 | €40 | €7,149 | +€7,108 | +17,573% |
| Taxes, remuneration and social security | 45 | €29,049 | €23,819 | -€5,230 | -18.0% |
| Taxes | 450/3 | €27,271 | €23,819 | -€3,452 | -12.7% |
| Remuneration and social security | 454/9 | €1,778 | - | -€1,778 | |
| Other amounts payable | 47/48 | - | €940 | +€940 | |
| Remuneration, social security and pensions | 62 | €9,439 | - | -€9,439 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,454 | €14,074 | +€620 | +4.6% |
| Other operating charges | 640/8 | €930 | €501 | -€429 | -46.2% |
| Gross operating margin | 9900 | €213,466 | €196,817 | -€16,649 | -7.8% |
| Operating profit (loss) | 9901 | €189,643 | €182,243 | -€7,400 | -3.9% |
| Financial income | 75/76B | €4,151 | €4,449 | +€299 | +7.2% |
| Recurring financial income | 75 | €4,151 | €4,449 | +€299 | +7.2% |
| Financial charges | 65/66B | €917 | €344 | -€574 | -62.5% |
| Recurring financial charges | 65 | €917 | €344 | -€574 | -62.5% |
| Profit (loss) for the period before taxes | 9903 | €192,876 | €186,348 | -€6,528 | -3.4% |
| Income taxes | 67/77 | €53,293 | €58,759 | +€5,466 | +10.3% |
| Profit (loss) for the period | 9904 | €139,583 | €127,589 | -€11,994 | -8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €139,583 | €127,589 | -€11,994 | -8.6% |
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 14 October 2026 via checked.be.