DB Infra: 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 Infra
Largest movements
- Cash +€226,679
up €226,679 (+175.7%), from €129,030 to €355,709
mainly Stocks and contracts (+€210,621) and Receivables within one year (+€139,440)
- Stocks and contracts -€210,621
down €210,621 (-68.9%), from €305,869 to €95,248
- Receivables within one year -€139,440
down €139,440 (-37.1%), from €375,710 to €236,270
of which Trade receivables: -€108,041
- Trade debts -€90,450
down €90,450 (-19.5%), from €464,781 to €374,332
- Other debts -€67,748
down €67,748 (-57.8%), from €117,300 to €49,553
- Reserves +€34,586
up €34,586 (+16.7%), from €207,420 to €242,006
of which Distributable reserves: +€34,586
- Gross operating margin -€99,197
down €99,197 (-55.7%), from €177,951 to €78,754
- Taxes -€6,028
down €6,028 (-32.9%), from €18,314 to €12,286
- Financial charges -€3,517
down €3,517 (-23.5%), from €14,954 to €11,437
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 | €811,037 | €687,513 | -€123,525 | -15.2% |
| Fixed assets | 21/28 | €429 | €286 | -€143 | -33.3% |
| Tangible fixed assets | 22/27 | €429 | €286 | -€143 | -33.3% |
| Plant, machinery and equipment | 23 | €429 | €286 | -€143 | -33.3% |
| Current assets | 29/58 | €810,608 | €687,227 | -€123,382 | -15.2% |
| Stocks and contracts in progress | 3 | €305,869 | €95,248 | -€210,621 | -68.9% |
| Stocks | 30/36 | €305,869 | €95,248 | -€210,621 | -68.9% |
| Amounts receivable within one year | 40/41 | €375,710 | €236,270 | -€139,440 | -37.1% |
| Trade receivables | 40 | €251,588 | €143,546 | -€108,041 | -42.9% |
| Other amounts receivable | 41 | €124,122 | €92,723 | -€31,399 | -25.3% |
| Cash at bank and in hand | 54/58 | €129,030 | €355,709 | +€226,679 | +175.7% |
| Total equity and liabilities | 10/49 | €811,037 | €687,513 | -€123,525 | -15.2% |
| Equity | 10/15 | €228,420 | €263,006 | +€34,586 | +15.1% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €207,420 | €242,006 | +€34,586 | +16.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €3,790 | €3,790 | = | 0.0% |
| Distributable reserves | 133 | €203,630 | €238,216 | +€34,586 | +17.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €582,618 | €424,507 | -€158,111 | -27.1% |
| Amounts payable within one year | 42/48 | €582,618 | €424,507 | -€158,111 | -27.1% |
| Trade debts | 44 | €464,781 | €374,332 | -€90,450 | -19.5% |
| Suppliers | 440/4 | €464,781 | €374,332 | -€90,450 | -19.5% |
| Taxes, remuneration and social security | 45 | €536 | €623 | +€87 | +16.1% |
| Taxes | 450/3 | €536 | €623 | +€87 | +16.1% |
| Other amounts payable | 47/48 | €117,300 | €49,553 | -€67,748 | -57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143 | €143 | = | 0.0% |
| Other operating charges | 640/8 | €463 | €606 | +€143 | +30.9% |
| Gross operating margin | 9900 | €177,951 | €78,754 | -€99,197 | -55.7% |
| Operating profit (loss) | 9901 | €177,345 | €78,005 | -€99,340 | -56.0% |
| Financial income | 75/76B | €60 | €304 | +€243 | +405.2% |
| Recurring financial income | 75 | €0 | €184 | +€183 | +229337.5% |
| Non-recurring financial income | 76B | €60 | €120 | +€60 | +100.0% |
| Financial charges | 65/66B | €14,954 | €11,437 | -€3,517 | -23.5% |
| Recurring financial charges | 65 | €14,954 | €11,437 | -€3,517 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €162,451 | €66,872 | -€95,579 | -58.8% |
| Income taxes | 67/77 | €18,314 | €12,286 | -€6,028 | -32.9% |
| Profit (loss) for the period | 9904 | €144,137 | €54,586 | -€89,551 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,137 | €54,586 | -€89,551 | -62.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.