DB-HD: 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-HD
Largest movements
- Cash +€25,095
up €25,095 (+94.5%), from €26,564 to €51,659
mainly Net result for the year (+€38,370) and Receivables after one year (+€13,482)
- Receivables after one year -€13,482
down €13,482 (-18.4%), from €73,420 to €59,938
- Tangible fixed assets -€8,088
down €8,088 (-24.0%), from €33,636 to €25,548
of which Furniture and vehicles: -€7,343
- Receivables within one year +€6,366
up €6,366 (+11.1%), from €57,147 to €63,513
of which Other amounts receivable: +€3,955
- Reserves +€37,000
up €37,000 (+92.8%), from €39,860 to €76,860
of which Distributable reserves: +€37,000
- Profit (loss) carried forward -€33,630
down €33,630 (-31.2%), from €107,665 to €74,035
- Other debts +€4,500
up €4,500 (+22.5%), from €20,000 to €24,500
- Taxes -€13,447
down €13,447 (-44.9%), from €29,950 to €16,503
- Gross operating margin -€8,978
down €8,978 (-12.6%), from €71,027 to €62,049
- Financial income +€1,716
up €1,716 (+65.3%), from €2,628 to €4,344
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 | €191,989 | €200,658 | +€8,669 | +4.5% |
| Fixed assets | 21/28 | €33,636 | €25,548 | -€8,088 | -24.0% |
| Tangible fixed assets | 22/27 | €33,636 | €25,548 | -€8,088 | -24.0% |
| Plant, machinery and equipment | 23 | - | €1,856 | +€1,856 | |
| Furniture and vehicles | 24 | €15,695 | €8,352 | -€7,343 | -46.8% |
| Other tangible fixed assets | 26 | €17,941 | €15,340 | -€2,601 | -14.5% |
| Current assets | 29/58 | €158,353 | €175,110 | +€16,757 | +10.6% |
| Amounts receivable after more than one year | 29 | €73,420 | €59,938 | -€13,482 | -18.4% |
| Other amounts receivable | 291 | €73,420 | €59,938 | -€13,482 | -18.4% |
| Amounts receivable within one year | 40/41 | €57,147 | €63,513 | +€6,366 | +11.1% |
| Trade receivables | 40 | €11,226 | €13,637 | +€2,411 | +21.5% |
| Other amounts receivable | 41 | €45,921 | €49,876 | +€3,955 | +8.6% |
| Cash at bank and in hand | 54/58 | €26,564 | €51,659 | +€25,095 | +94.5% |
| Deferred charges and accrued income | 490/1 | €1,222 | - | -€1,222 | |
| Total equity and liabilities | 10/49 | €191,989 | €200,658 | +€8,669 | +4.5% |
| Equity | 10/15 | €153,725 | €157,095 | +€3,370 | +2.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €39,860 | €76,860 | +€37,000 | +92.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €75,000 | +€37,000 | +97.4% |
| Profit (loss) carried forward | 14 | €107,665 | €74,035 | -€33,630 | -31.2% |
| Amounts payable | 17/49 | €38,264 | €43,563 | +€5,299 | +13.8% |
| Amounts payable within one year | 42/48 | €38,264 | €43,563 | +€5,299 | +13.8% |
| Trade debts | 44 | €55 | - | -€55 | |
| Suppliers | 440/4 | €55 | - | -€55 | |
| Advances received on contracts in progress | 46 | €18 | - | -€18 | |
| Taxes, remuneration and social security | 45 | €18,191 | €19,063 | +€872 | +4.8% |
| Taxes | 450/3 | €18,191 | €19,063 | +€872 | +4.8% |
| Other amounts payable | 47/48 | €20,000 | €24,500 | +€4,500 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,943 | €10,244 | +€301 | +3.0% |
| Other operating charges | 640/8 | €475 | €1,166 | +€691 | +145% |
| Gross operating margin | 9900 | €71,027 | €62,049 | -€8,978 | -12.6% |
| Operating profit (loss) | 9901 | €60,609 | €50,639 | -€9,970 | -16.4% |
| Financial income | 75/76B | €2,628 | €4,344 | +€1,716 | +65.3% |
| Recurring financial income | 75 | €2,628 | €4,344 | +€1,716 | +65.3% |
| Financial charges | 65/66B | €322 | €110 | -€212 | -65.8% |
| Recurring financial charges | 65 | €322 | €110 | -€212 | -65.8% |
| Profit (loss) for the period before taxes | 9903 | €62,915 | €54,873 | -€8,042 | -12.8% |
| Income taxes | 67/77 | €29,950 | €16,503 | -€13,447 | -44.9% |
| Profit (loss) for the period | 9904 | €32,965 | €38,370 | +€5,405 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,965 | €38,370 | +€5,405 | +16.4% |
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 17 October 2026 via checked.be.