DB DISCOUNT: 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 DISCOUNT
Largest movements
- Receivables within one year -€269,956
down €269,956 (-20.8%), from €1.3m to €1.0m
of which Trade receivables: -€150,425
- Tangible fixed assets -€140,673
down €140,673 (-49.0%), from €287,047 to €146,375
of which Furniture and vehicles: -€117,803
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Stocks and contracts +€52,838
up €52,838 (+7.3%), from €723,434 to €776,272
- Trade debts -€386,965
down €386,965 (-38.8%), from €997,441 to €610,476
- Debts after one year -€280,239
down €280,239 (-91.0%), from €308,017 to €27,778
of which Other amounts payable: -€200,000
- Reserves +€245,795
up €245,795 (+26.3%), from €933,189 to €1.2m
of which Distributable reserves: +€245,795
- Current portion of long-term debt -€77,110
down €77,110 (-68.1%), from €113,216 to €36,106
- Other debts +€41,644
up €41,644 (+44.8%), from €93,001 to €134,645
- Gross operating margin -€65,842
down €65,842 (-6.4%), from €1.0m to €961,175
- Staff costs +€28,115
up €28,115 (+6.8%), from €411,959 to €440,074
- Depreciation -€27,852
down €27,852 (-30.5%), from €91,250 to €63,398
- Taxes -€27,577
down €27,577 (-23.7%), from €116,317 to €88,740
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 | €2,638,232 | €2,164,226 | -€474,006 | -18.0% |
| Fixed assets | 21/28 | €323,420 | €165,288 | -€158,132 | -48.9% |
| Intangible fixed assets | 21 | €30,372 | €18,913 | -€11,459 | -37.7% |
| Tangible fixed assets | 22/27 | €287,047 | €146,375 | -€140,673 | -49.0% |
| Plant, machinery and equipment | 23 | €70,066 | €51,408 | -€18,658 | -26.6% |
| Furniture and vehicles | 24 | €179,894 | €62,091 | -€117,803 | -65.5% |
| Other tangible fixed assets | 26 | €37,088 | €32,876 | -€4,211 | -11.4% |
| Financial fixed assets | 28 | €6,000 | €0 | -€6,000 | -100% |
| Current assets | 29/58 | €2,314,812 | €1,998,938 | -€315,874 | -13.6% |
| Stocks and contracts in progress | 3 | €723,434 | €776,272 | +€52,838 | +7.3% |
| Stocks | 30/36 | €723,434 | €776,272 | +€52,838 | +7.3% |
| Amounts receivable within one year | 40/41 | €1,297,954 | €1,027,998 | -€269,956 | -20.8% |
| Trade receivables | 40 | €1,116,007 | €965,582 | -€150,425 | -13.5% |
| Other amounts receivable | 41 | €181,947 | €62,416 | -€119,531 | -65.7% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €176,328 | €181,682 | +€5,354 | +3.0% |
| Deferred charges and accrued income | 490/1 | €17,097 | €12,985 | -€4,111 | -24.0% |
| Total equity and liabilities | 10/49 | €2,638,232 | €2,164,226 | -€474,006 | -18.0% |
| Equity | 10/15 | €1,099,488 | €1,345,283 | +€245,795 | +22.4% |
| Contributions | 10/11 | €166,300 | €166,300 | = | 0.0% |
| Capital | 10 | €166,300 | €166,300 | = | 0.0% |
| Issued capital | 100 | €166,300 | €166,300 | = | 0.0% |
| Reserves | 13 | €933,189 | €1,178,983 | +€245,795 | +26.3% |
| Non-distributable reserves | 130/1 | €16,630 | €16,630 | = | 0.0% |
| Legal reserve | 130 | €16,630 | €16,630 | = | 0.0% |
| Distributable reserves | 133 | €916,559 | €1,162,353 | +€245,795 | +26.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,538,744 | €818,943 | -€719,801 | -46.8% |
| Amounts payable after more than one year | 17 | €308,017 | €27,778 | -€280,239 | -91.0% |
| Financial debts | 170/4 | €108,017 | €27,778 | -€80,239 | -74.3% |
| Other amounts payable | 178/9 | €200,000 | €0 | -€200,000 | -100% |
| Amounts payable within one year | 42/48 | €1,225,153 | €790,978 | -€434,175 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €113,216 | €36,106 | -€77,110 | -68.1% |
| Financial debts | 43 | €1,316 | €0 | -€1,316 | -100% |
| Credit institutions | 430/8 | €1,316 | €0 | -€1,316 | -100% |
| Trade debts | 44 | €997,441 | €610,476 | -€386,965 | -38.8% |
| Suppliers | 440/4 | €997,441 | €610,476 | -€386,965 | -38.8% |
| Taxes, remuneration and social security | 45 | €20,179 | €9,751 | -€10,428 | -51.7% |
| Taxes | 450/3 | €2,401 | €0 | -€2,401 | -100% |
| Remuneration and social security | 454/9 | €17,778 | €9,751 | -€8,027 | -45.2% |
| Other amounts payable | 47/48 | €93,001 | €134,645 | +€41,644 | +44.8% |
| Accrued charges and deferred income | 492/3 | €5,574 | €187 | -€5,387 | -96.6% |
| Non-recurring operating income | 76A | €8,907 | €0 | -€8,907 | -100% |
| Remuneration, social security and pensions | 62 | €411,959 | €440,074 | +€28,115 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,250 | €63,398 | -€27,852 | -30.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,039 | €0 | -€4,039 | -100% |
| Other operating charges | 640/8 | €12,427 | €13,744 | +€1,317 | +10.6% |
| Non-recurring operating charges | 66A | €25,667 | €33,756 | +€8,088 | +31.5% |
| Gross operating margin | 9900 | €1,027,017 | €961,175 | -€65,842 | -6.4% |
| Operating profit (loss) | 9901 | €481,676 | €410,203 | -€71,472 | -14.8% |
| Financial income | 75/76B | €15,139 | €17,496 | +€2,357 | +15.6% |
| Recurring financial income | 75 | €4,346 | €17,496 | +€13,150 | +303% |
| Non-recurring financial income | 76B | €10,793 | €0 | -€10,793 | -100% |
| Financial charges | 65/66B | €19,965 | €13,165 | -€6,800 | -34.1% |
| Recurring financial charges | 65 | €19,965 | €13,165 | -€6,800 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | €476,849 | €414,535 | -€62,315 | -13.1% |
| Income taxes | 67/77 | €116,317 | €88,740 | -€27,577 | -23.7% |
| Profit (loss) for the period | 9904 | €360,533 | €325,795 | -€34,738 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €360,533 | €325,795 | -€34,738 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.