DB-Expertise: 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-Expertise
Largest movements
- Current investments -€78,071
down €78,071 (-100%), from €78,071 to €0
- Cash +€73,299
up €73,299 (+46.8%), from €156,455 to €229,754
mainly Net result for the year (+€192,119) and Current investments (+€78,071)
- Receivables within one year +€22,741
up €22,741 (+57.1%), from €39,844 to €62,585
- Tangible fixed assets +€8,641
up €8,641 (+123%), from €7,017 to €15,659
of which Furniture and vehicles: +€5,060
- Other debts +€16,386
up €16,386 (+600%), from €2,732 to €19,118
- Tax, wage and social debts +€7,240
up €7,240 (+79.7%), from €9,078 to €16,318
- Profit (loss) carried forward +€3,869
up €3,869 (+1.4%), from €268,818 to €272,687
- Financial income -€79,305
down €79,305 (-99.2%), from €79,949 to €643
of which Non-recurring financial income: -€77,471
- Gross operating margin +€17,702
up €17,702 (+6.8%), from €261,799 to €279,502
- Financial charges +€11,782
up €11,782 (+11,241%), from €105 to €11,887
of which Non-recurring financial charges: +€11,782
- Taxes +€4,106
up €4,106 (+6.2%), from €66,684 to €70,790
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 | €283,665 | €310,447 | +€26,782 | +9.4% |
| Fixed assets | 21/28 | €7,161 | €15,802 | +€8,641 | +121% |
| Tangible fixed assets | 22/27 | €7,017 | €15,659 | +€8,641 | +123% |
| Plant, machinery and equipment | 23 | €3,189 | €1,920 | -€1,270 | -39.8% |
| Furniture and vehicles | 24 | €2,266 | €7,326 | +€5,060 | +223% |
| Other tangible fixed assets | 26 | €1,562 | €6,413 | +€4,851 | +311% |
| Financial fixed assets | 28 | €144 | €144 | = | 0.0% |
| Current assets | 29/58 | €276,504 | €294,645 | +€18,141 | +6.6% |
| Amounts receivable within one year | 40/41 | €39,844 | €62,585 | +€22,741 | +57.1% |
| Trade receivables | 40 | €39,844 | €62,585 | +€22,741 | +57.1% |
| Current investments | 50/53 | €78,071 | €0 | -€78,071 | -100% |
| Cash at bank and in hand | 54/58 | €156,455 | €229,754 | +€73,299 | +46.8% |
| Deferred charges and accrued income | 490/1 | €2,135 | €2,307 | +€172 | +8.1% |
| Total equity and liabilities | 10/49 | €283,665 | €310,447 | +€26,782 | +9.4% |
| Equity | 10/15 | €269,818 | €273,687 | +€3,869 | +1.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €268,818 | €272,687 | +€3,869 | +1.4% |
| Amounts payable | 17/49 | €13,847 | €36,760 | +€22,913 | +165% |
| Amounts payable within one year | 42/48 | €13,847 | €36,760 | +€22,913 | +165% |
| Trade debts | 44 | €2,037 | €1,325 | -€713 | -35.0% |
| Suppliers | 440/4 | €2,037 | €1,325 | -€713 | -35.0% |
| Taxes, remuneration and social security | 45 | €9,078 | €16,318 | +€7,240 | +79.7% |
| Taxes | 450/3 | €9,078 | €16,318 | +€7,240 | +79.7% |
| Other amounts payable | 47/48 | €2,732 | €19,118 | +€16,386 | +600% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,556 | €4,744 | -€812 | -14.6% |
| Other operating charges | 640/8 | €585 | €605 | +€19 | +3.3% |
| Gross operating margin | 9900 | €261,799 | €279,502 | +€17,702 | +6.8% |
| Operating profit (loss) | 9901 | €255,658 | €274,153 | +€18,495 | +7.2% |
| Financial income | 75/76B | €79,949 | €643 | -€79,305 | -99.2% |
| Recurring financial income | 75 | €2,478 | €643 | -€1,834 | -74.0% |
| Non-recurring financial income | 76B | €77,471 | - | -€77,471 | |
| Financial charges | 65/66B | €105 | €11,887 | +€11,782 | +11,241% |
| Recurring financial charges | 65 | €105 | €105 | +€0 | +0.3% |
| Non-recurring financial charges | 66B | - | €11,782 | +€11,782 | |
| Profit (loss) for the period before taxes | 9903 | €335,502 | €262,909 | -€72,593 | -21.6% |
| Income taxes | 67/77 | €66,684 | €70,790 | +€4,106 | +6.2% |
| Profit (loss) for the period | 9904 | €268,818 | €192,119 | -€76,700 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | €268,818 | €192,119 | -€76,700 | -28.5% |
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.