DB Electric: 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 Electric
Largest movements
- Tangible fixed assets +€525,458
up €525,458 (+1,280%), from €41,066 to €566,524
of which Land and buildings: +€544,856
- Cash -€75,012
down €75,012 (-43.7%), from €171,728 to €96,716
mainly Investment in fixed assets (net) (-€552,554) and Advances received (-€84,757)
- Stocks and contracts -€27,976
down €27,976 (-10.8%), from €259,756 to €231,779
- Receivables within one year -€19,161
down €19,161 (-38.8%), from €49,405 to €30,243
of which Other amounts receivable: -€16,782
- Debts after one year +€496,572
up €496,572 (+75,253%), from €660 to €497,232
- Advances received -€84,757
down €84,757 (-32.6%), from €259,651 to €174,894
- Trade debts -€55,633
down €55,633 (-60.4%), from €92,074 to €36,441
- Reserves +€31,618
up €31,618 (+19.7%), from €160,527 to €192,145
- Current portion of long-term debt +€18,290
up €18,290 (+164%), from €11,133 to €29,423
- Gross operating margin +€81,044
up €81,044 (+103%), from €78,557 to €159,602
- Financial charges +€14,935
up €14,935 (+1,383%), from €1,080 to €16,014
- Depreciation +€10,393
up €10,393 (+47.3%), from €21,953 to €32,346
- Taxes -€5,612
down €5,612 (-29.7%), from €18,923 to €13,312
- Other operating charges +€2,522
up €2,522 (+437%), from €578 to €3,100
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 | €540,694 | €937,252 | +€396,558 | +73.3% |
| Fixed assets | 21/28 | €46,491 | €566,699 | +€520,208 | +1,119% |
| Tangible fixed assets | 22/27 | €41,066 | €566,524 | +€525,458 | +1,280% |
| Land and buildings | 22 | €1,218 | €546,073 | +€544,856 | +44,743% |
| Plant, machinery and equipment | 23 | €24,437 | €13,174 | -€11,264 | -46.1% |
| Furniture and vehicles | 24 | €8,035 | €7,277 | -€758 | -9.4% |
| Leasing and similar rights | 25 | €7,376 | €0 | -€7,376 | -100% |
| Financial fixed assets | 28 | €5,425 | €175 | -€5,250 | -96.8% |
| Current assets | 29/58 | €494,203 | €370,553 | -€123,650 | -25.0% |
| Stocks and contracts in progress | 3 | €259,756 | €231,779 | -€27,976 | -10.8% |
| Stocks | 30/36 | €259,756 | €231,779 | -€27,976 | -10.8% |
| Amounts receivable within one year | 40/41 | €49,405 | €30,243 | -€19,161 | -38.8% |
| Trade receivables | 40 | €12,926 | €10,546 | -€2,379 | -18.4% |
| Other amounts receivable | 41 | €36,479 | €19,697 | -€16,782 | -46.0% |
| Cash at bank and in hand | 54/58 | €171,728 | €96,716 | -€75,012 | -43.7% |
| Deferred charges and accrued income | 490/1 | €13,315 | €11,814 | -€1,500 | -11.3% |
| Total equity and liabilities | 10/49 | €540,694 | €937,252 | +€396,558 | +73.3% |
| Equity | 10/15 | €162,027 | €193,645 | +€31,618 | +19.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €160,527 | €192,145 | +€31,618 | +19.7% |
| Distributable reserves | 133 | €160,527 | €192,145 | +€31,618 | +19.7% |
| Amounts payable | 17/49 | €378,668 | €743,607 | +€364,940 | +96.4% |
| Amounts payable after more than one year | 17 | €660 | €497,232 | +€496,572 | +75,253% |
| Financial debts | 170/4 | €660 | €497,232 | +€496,572 | +75,253% |
| Amounts payable within one year | 42/48 | €378,008 | €245,535 | -€132,472 | -35.0% |
| Current portion of amounts payable after more than one year | 42 | €11,133 | €29,423 | +€18,290 | +164% |
| Trade debts | 44 | €92,074 | €36,441 | -€55,633 | -60.4% |
| Suppliers | 440/4 | €92,074 | €36,441 | -€55,633 | -60.4% |
| Advances received on contracts in progress | 46 | €259,651 | €174,894 | -€84,757 | -32.6% |
| Taxes, remuneration and social security | 45 | €15,086 | €4,778 | -€10,308 | -68.3% |
| Taxes | 450/3 | €14,420 | €4,778 | -€9,642 | -66.9% |
| Remuneration and social security | 454/9 | €666 | €0 | -€666 | -100% |
| Other amounts payable | 47/48 | €65 | €0 | -€65 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | €840 | +€840 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,953 | €32,346 | +€10,393 | +47.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,173 | -€1,173 | |
| Other operating charges | 640/8 | €578 | €3,100 | +€2,522 | +437% |
| Non-recurring operating charges | 66A | - | €64,800 | +€64,800 | |
| Gross operating margin | 9900 | €78,557 | €159,602 | +€81,044 | +103% |
| Operating profit (loss) | 9901 | €56,026 | €60,528 | +€4,502 | +8.0% |
| Financial income | 75/76B | €1,477 | €416 | -€1,061 | -71.8% |
| Recurring financial income | 75 | €1,477 | €416 | -€1,061 | -71.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,080 | €16,014 | +€14,935 | +1,383% |
| Recurring financial charges | 65 | €1,080 | €16,014 | +€14,935 | +1,383% |
| Profit (loss) for the period before taxes | 9903 | €56,424 | €44,930 | -€11,494 | -20.4% |
| Income taxes | 67/77 | €18,923 | €13,312 | -€5,612 | -29.7% |
| Profit (loss) for the period | 9904 | €37,500 | €31,618 | -€5,882 | -15.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,500 | €31,618 | -€5,882 | -15.7% |
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 16 October 2026 via checked.be.