DB-ENGINEERING: 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-ENGINEERING
Largest movements
- Receivables within one year +€299,221
up €299,221 (+46.5%), from €642,980 to €942,200
of which Trade receivables: +€331,846
- Stocks and contracts -€160,370
down €160,370 (-28.0%), from €572,980 to €412,610
- Financial fixed assets -€117,000
no longer reported in 2024 (was €117,000)
- Tangible fixed assets -€58,417
down €58,417 (-8.0%), from €726,231 to €667,814
of which Land and buildings: -€35,443
- Cash -€55,352
down €55,352 (-55.6%), from €99,523 to €44,170
mainly Receivables within one year (-€299,221) and Trade debts (-€230,245)
- Trade debts -€230,245
down €230,245 (-23.9%), from €964,373 to €734,128
- Short-term financial debts +€160,000
up €160,000 (+50.0%), from €320,000 to €480,000
- Debts after one year -€134,329
down €134,329 (-39.9%), from €336,622 to €202,293
- Reserves +€85,237
up €85,237 (+31.1%), from €273,678 to €358,915
of which Distributable reserves: +€85,237
- Current portion of long-term debt -€41,963
down €41,963 (-21.0%), from €199,892 to €157,929
- Gross operating margin -€320,139
down €320,139 (-18.4%), from €1.7m to €1.4m
- Staff costs -€212,793
down €212,793 (-16.3%), from €1.3m to €1.1m
- Taxes +€32,488
up €32,488 (+162.6%), from €19,976 to €52,464
- Other operating charges -€18,448
down €18,448 (-39.4%), from €46,864 to €28,416
- Depreciation +€17,850
up €17,850 (+20.4%), from €87,591 to €105,441
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,407,844 | €2,283,176 | -€124,668 | -5.2% |
| Fixed assets | 21/28 | €1,074,086 | €872,625 | -€201,461 | -18.8% |
| Intangible fixed assets | 21 | €230,855 | €204,811 | -€26,045 | -11.3% |
| Tangible fixed assets | 22/27 | €726,231 | €667,814 | -€58,417 | -8.0% |
| Land and buildings | 22 | €639,466 | €604,023 | -€35,443 | -5.5% |
| Plant, machinery and equipment | 23 | €16,205 | €11,043 | -€5,161 | -31.9% |
| Furniture and vehicles | 24 | €59,433 | €41,621 | -€17,812 | -30.0% |
| Other tangible fixed assets | 26 | €11,126 | €11,126 | = | 0.0% |
| Financial fixed assets | 28 | €117,000 | - | -€117,000 | |
| Current assets | 29/58 | €1,333,758 | €1,410,551 | +€76,794 | +5.8% |
| Stocks and contracts in progress | 3 | €572,980 | €412,610 | -€160,370 | -28.0% |
| Stocks | 30/36 | €572,980 | €412,610 | -€160,370 | -28.0% |
| Amounts receivable within one year | 40/41 | €642,980 | €942,200 | +€299,221 | +46.5% |
| Trade receivables | 40 | €602,337 | €934,183 | +€331,846 | +55.1% |
| Other amounts receivable | 41 | €40,642 | €8,017 | -€32,625 | -80.3% |
| Cash at bank and in hand | 54/58 | €99,523 | €44,170 | -€55,352 | -55.6% |
| Deferred charges and accrued income | 490/1 | €18,275 | €11,571 | -€6,704 | -36.7% |
| Total equity and liabilities | 10/49 | €2,407,844 | €2,283,176 | -€124,668 | -5.2% |
| Equity | 10/15 | €292,278 | €377,515 | +€85,237 | +29.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €273,678 | €358,915 | +€85,237 | +31.1% |
| Non-distributable reserves | 130/1 | €14,820 | €14,820 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,820 | €14,820 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,334 | €147,334 | = | 0.0% |
| Distributable reserves | 133 | €111,524 | €196,761 | +€85,237 | +76.4% |
| Provisions and deferred taxes | 16 | €45,751 | €45,751 | = | 0.0% |
| Deferred taxes | 168 | €45,751 | €45,751 | = | 0.0% |
| Amounts payable | 17/49 | €2,069,814 | €1,859,910 | -€209,904 | -10.1% |
| Amounts payable after more than one year | 17 | €336,622 | €202,293 | -€134,329 | -39.9% |
| Financial debts | 170/4 | €336,622 | €202,293 | -€134,329 | -39.9% |
| Amounts payable within one year | 42/48 | €1,731,408 | €1,656,072 | -€75,336 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €199,892 | €157,929 | -€41,963 | -21.0% |
| Financial debts | 43 | €320,000 | €480,000 | +€160,000 | +50.0% |
| Credit institutions | 430/8 | €320,000 | €480,000 | +€160,000 | +50.0% |
| Trade debts | 44 | €964,373 | €734,128 | -€230,245 | -23.9% |
| Suppliers | 440/4 | €964,373 | €734,128 | -€230,245 | -23.9% |
| Taxes, remuneration and social security | 45 | €247,143 | €284,015 | +€36,872 | +14.9% |
| Taxes | 450/3 | €40,560 | €79,953 | +€39,393 | +97.1% |
| Remuneration and social security | 454/9 | €206,583 | €204,063 | -€2,521 | -1.2% |
| Accrued charges and deferred income | 492/3 | €1,784 | €1,545 | -€239 | -13.4% |
| Non-recurring operating income | 76A | €183,005 | - | -€183,005 | |
| Remuneration, social security and pensions | 62 | €1,305,061 | €1,092,267 | -€212,793 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,591 | €105,441 | +€17,850 | +20.4% |
| Other operating charges | 640/8 | €46,864 | €28,416 | -€18,448 | -39.4% |
| Gross operating margin | 9900 | €1,737,553 | €1,417,414 | -€320,139 | -18.4% |
| Operating profit (loss) | 9901 | €298,038 | €191,290 | -€106,747 | -35.8% |
| Financial income | 75/76B | €1,732 | €3,059 | +€1,327 | +76.6% |
| Recurring financial income | 75 | €1,732 | €3,059 | +€1,327 | +76.6% |
| Financial charges | 65/66B | €54,799 | €56,648 | +€1,849 | +3.4% |
| Recurring financial charges | 65 | €54,799 | €56,648 | +€1,849 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €244,970 | €137,701 | -€107,269 | -43.8% |
| Transfer to deferred taxes | 680 | €45,751 | - | -€45,751 | |
| Income taxes | 67/77 | €19,976 | €52,464 | +€32,488 | +162.6% |
| Profit (loss) for the period | 9904 | €179,243 | €85,237 | -€94,006 | -52.4% |
| Transfer to tax-exempt reserves | 689 | €137,253 | - | -€137,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,989 | €85,237 | +€43,248 | +103.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.