DB GESTIMMO: 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 GESTIMMO
Largest movements
- Tangible fixed assets -€692,366
down €692,366 (-71.7%), from €965,226 to €272,860
of which Land and buildings: -€670,774
- Cash +€67,683
up €67,683 (+2490.8%), from €2,717 to €70,400
mainly Investment in fixed assets (net) (+€677,110) and Net result for the year (+€90,480)
- Receivables within one year +€54,040
up €54,040 (+318.0%), from €16,994 to €71,033
of which Other amounts receivable: +€40,149
- Debts after one year -€453,488
down €453,488 (-76.0%), from €597,027 to €143,539
- Other debts -€196,583
down €196,583 (-85.7%), from €229,366 to €32,783
- Profit (loss) carried forward +€90,480
up €90,480 (+212.6%), from €42,566 to €133,047
- Current portion of long-term debt -€32,818
down €32,818 (-74.7%), from €43,946 to €11,128
- Tax, wage and social debts +€16,484
up €16,484 (+488.1%), from €3,378 to €19,862
- Gross operating margin +€105,385
up €105,385 (+109.7%), from €96,103 to €201,488
- Other operating charges +€36,379
up €36,379 (+305.3%), from €11,914 to €48,293
- Depreciation -€33,720
down €33,720 (-68.8%), from €48,977 to €15,256
- Taxes +€19,874
new in 2025: €19,874
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 | €988,760 | €417,657 | -€571,103 | -57.8% |
| Fixed assets | 21/28 | €965,226 | €272,860 | -€692,366 | -71.7% |
| Tangible fixed assets | 22/27 | €965,226 | €272,860 | -€692,366 | -71.7% |
| Land and buildings | 22 | €935,132 | €264,359 | -€670,774 | -71.7% |
| Furniture and vehicles | 24 | €30,094 | €8,501 | -€21,592 | -71.8% |
| Current assets | 29/58 | €23,534 | €144,797 | +€121,263 | +515.3% |
| Amounts receivable within one year | 40/41 | €16,994 | €71,033 | +€54,040 | +318.0% |
| Trade receivables | 40 | €16,994 | €30,884 | +€13,890 | +81.7% |
| Other amounts receivable | 41 | - | €40,149 | +€40,149 | |
| Cash at bank and in hand | 54/58 | €2,717 | €70,400 | +€67,683 | +2490.8% |
| Deferred charges and accrued income | 490/1 | €3,823 | €3,363 | -€460 | -12.0% |
| Total equity and liabilities | 10/49 | €988,760 | €417,657 | -€571,103 | -57.8% |
| Equity | 10/15 | €102,566 | €193,047 | +€90,480 | +88.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,566 | €133,047 | +€90,480 | +212.6% |
| Amounts payable | 17/49 | €886,194 | €224,610 | -€661,584 | -74.7% |
| Amounts payable after more than one year | 17 | €597,027 | €143,539 | -€453,488 | -76.0% |
| Financial debts | 170/4 | €597,027 | €143,539 | -€453,488 | -76.0% |
| Amounts payable within one year | 42/48 | €284,021 | €80,844 | -€203,177 | -71.5% |
| Current portion of amounts payable after more than one year | 42 | €43,946 | €11,128 | -€32,818 | -74.7% |
| Trade debts | 44 | €7,332 | €17,071 | +€9,740 | +132.8% |
| Suppliers | 440/4 | €7,332 | €17,071 | +€9,740 | +132.8% |
| Taxes, remuneration and social security | 45 | €3,378 | €19,862 | +€16,484 | +488.1% |
| Taxes | 450/3 | €3,378 | €19,862 | +€16,484 | +488.1% |
| Other amounts payable | 47/48 | €229,366 | €32,783 | -€196,583 | -85.7% |
| Accrued charges and deferred income | 492/3 | €5,145 | €226 | -€4,919 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,977 | €15,256 | -€33,720 | -68.8% |
| Other operating charges | 640/8 | €11,914 | €48,293 | +€36,379 | +305.3% |
| Gross operating margin | 9900 | €96,103 | €201,488 | +€105,385 | +109.7% |
| Operating profit (loss) | 9901 | €35,213 | €137,939 | +€102,726 | +291.7% |
| Financial income | 75/76B | €775 | - | -€775 | |
| Recurring financial income | 75 | €775 | - | -€775 | |
| Financial charges | 65/66B | €26,056 | €27,585 | +€1,529 | +5.9% |
| Recurring financial charges | 65 | €26,056 | €27,585 | +€1,529 | +5.9% |
| Profit (loss) for the period before taxes | 9903 | €9,932 | €110,354 | +€100,422 | +1011.1% |
| Income taxes | 67/77 | - | €19,874 | +€19,874 | |
| Profit (loss) for the period | 9904 | €9,932 | €90,480 | +€80,549 | +811.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,932 | €90,480 | +€80,549 | +811.0% |
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 1 October 2026 via checked.be.