db construct: 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 construct
Largest movements
- Receivables within one year -€3,730
down €3,730 (-2.2%), from €168,440 to €164,710
of which Other amounts receivable: -€5,090
- Stocks and contracts +€3,000
new in 2025: €3,000
- Tax, wage and social debts -€20,494
no longer reported in 2025 (was €20,494)
- Reserves +€13,208
up €13,208 (+7.1%), from €186,569 to €199,777
of which Distributable reserves: +€13,208
- Other debts +€4,596
up €4,596 (+265.1%), from €1,734 to €6,330
- Advances received +€3,690
up €3,690 (+46.1%), from €8,000 to €11,690
- Gross operating margin -€25,974
down €25,974 (-53.5%), from €48,562 to €22,588
- Taxes -€7,836
down €7,836 (-54.1%), from €14,491 to €6,655
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 | €225,572 | €225,891 | +€319 | +0.1% |
| Fixed assets | 21/28 | €325 | - | -€325 | |
| Tangible fixed assets | 22/27 | €325 | - | -€325 | |
| Plant, machinery and equipment | 23 | €89 | - | -€89 | |
| Furniture and vehicles | 24 | €236 | - | -€236 | |
| Current assets | 29/58 | €225,247 | €225,891 | +€644 | +0.3% |
| Stocks and contracts in progress | 3 | - | €3,000 | +€3,000 | |
| Contracts in progress | 37 | - | €3,000 | +€3,000 | |
| Amounts receivable within one year | 40/41 | €168,440 | €164,710 | -€3,730 | -2.2% |
| Trade receivables | 40 | €5,703 | €7,063 | +€1,360 | +23.8% |
| Other amounts receivable | 41 | €162,737 | €157,647 | -€5,090 | -3.1% |
| Cash at bank and in hand | 54/58 | €55,053 | €55,884 | +€831 | +1.5% |
| Deferred charges and accrued income | 490/1 | €1,754 | €2,297 | +€543 | +31.0% |
| Total equity and liabilities | 10/49 | €225,572 | €225,891 | +€319 | +0.1% |
| Equity | 10/15 | €192,769 | €205,977 | +€13,208 | +6.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,569 | €199,777 | +€13,208 | +7.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €184,709 | €197,917 | +€13,208 | +7.2% |
| Amounts payable | 17/49 | €32,803 | €19,914 | -€12,889 | -39.3% |
| Amounts payable within one year | 42/48 | €32,803 | €19,914 | -€12,889 | -39.3% |
| Trade debts | 44 | €2,575 | €1,894 | -€681 | -26.4% |
| Suppliers | 440/4 | €2,575 | €1,894 | -€681 | -26.4% |
| Advances received on contracts in progress | 46 | €8,000 | €11,690 | +€3,690 | +46.1% |
| Taxes, remuneration and social security | 45 | €20,494 | - | -€20,494 | |
| Taxes | 450/3 | €20,494 | - | -€20,494 | |
| Other amounts payable | 47/48 | €1,734 | €6,330 | +€4,596 | +265.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €810 | €325 | -€485 | -59.9% |
| Other operating charges | 640/8 | €2,158 | €2,043 | -€115 | -5.3% |
| Gross operating margin | 9900 | €48,562 | €22,588 | -€25,974 | -53.5% |
| Operating profit (loss) | 9901 | €45,594 | €20,220 | -€25,374 | -55.7% |
| Financial income | 75/76B | €34 | €254 | +€220 | +647.1% |
| Recurring financial income | 75 | €34 | €254 | +€220 | +647.1% |
| Financial charges | 65/66B | €603 | €611 | +€8 | +1.3% |
| Recurring financial charges | 65 | €603 | €611 | +€8 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €45,025 | €19,863 | -€25,162 | -55.9% |
| Income taxes | 67/77 | €14,491 | €6,655 | -€7,836 | -54.1% |
| Profit (loss) for the period | 9904 | €30,534 | €13,208 | -€17,326 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,534 | €13,208 | -€17,326 | -56.7% |
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 7 October 2026 via checked.be.